Container lines

CMA CGM plans to reach agreement with new investors over a stake in the ocean container carrier by the end of July, the company said as it unveiled sharply higher first quarter profit and revenue.

TUI AG expects its 43.3 percent stake in Germany's biggest ocean carrier Hapag-Lloyd to generate higher profit than initially forecast due to a "notable" recovery in global container shippin

OOCL on Tuesday named three senior managers to new positions as of Aug. 1.

The Shipping Corporation of India will apply a new general rate increase on cargo moving on its Indian subcontinent-Europe Service (ISES), effective July 11.

Ocean shipping container freight rates likely will return to levels reached before the global economic recession by the end of this year, according to Maersk Line.

Major shipping companies are warning the British government they may re-register vessels abroad due to new rules in the UK on pay for foreign workers.

Negotiators for striking office clerical workers in Los Angeles-Long Beach and their employers bargained all day Saturday but made little progress toward a new contract.

The Port Authority of New York and New Jersey is taking three big steps to prepare for the massive ships port officials expect to start sailing through the Panama Canal after its expansion is complete

Wyatt Transfer, a drayage operator that serves the Virginia ports, has a problem most harbor trucking companies would have loved to have had last year: more business calls coming in than the company m

The idea of abolishing ocean carriers’ antitrust immunity is riding a new wave in Congress as the outcry over tight capacity and equipment shortages in a stronger-than-expected recovery sustains

Negotiators for striking office clerical workers at the Los Angeles and Long Beach ports and the attorney representing their employers set negotiations for Friday night in hopes of ending the walkout.

After a year that blew a $15 billion hole in their finances, container ship lines are taking tentative first steps on a long road back to financial stability.

CMA CGM took delivery of two new post-Panamax vessels in South Korean shipyards, the 6,500-TEU CMA CGM Lamartine and the 11,400-TEU CMA CGM Callisto.

The privately held U.S.

German shipowner Rickmers Group christened four container ships with nominal capacity of nearly 13,100 20-foot equivalent units Friday at a South Korean shipyard.

CMA CGM will seek a general rate increase on all westbound cargo moving on its EPIC Service from India to Europe and the Mediterranean, a third GRI this year.

The Evergreen Group, which has been very cautious about adding vessel capacity in the last few years, said Friday it placed orders with Samsung Heavy Industries in Taipei for 10 container vessels with

OOCL told its customers it will no longer provide chassis for Baltimore, Philadelphia, and Pittsburgh bills of lading, both import and export as of Sept. 1.

Maersk Line is rejecting some shipments and retrieving empty ocean containers from customers more quickly to help offset a shortage of containers, according to Bloomberg News.

“K” Line, China Shipping, and Hapag-Lloyd are teaming up on a new direct service from Asia to West Africa.

MOL, NYK and “K” Line formed a new vessel-sharing alliance to upgrade their container service from Asia to Mexico and the west coast of South America.

The 8,500-TEU Figaro that arrived in Los Angeles this week on its maiden voyage is not only the largest CMA CGM container ship to call at a U.S.

Cargo projections by retailers indicate that U.S.

CMA CGM may be close to finalizing an agreement that would inject $1 billion to lighten the French ocean container carrier's $5.3 billion debt burden, according to French press reports.

CMA CGM is switching partners and upgrading the vessel size on its Victory Bridge service linking North Europe to the U.S. South Atlantic, Mexico and the U.S. Gulf.

CSAV’s new weekly Far East service, America Express, made its first call at Port Everglades Tuesday.

Active container ship capacity increased by 15.3 percent from the beginning of the year as ocean carriers are launching extra services in response to a larger-than-expected surge in global box traffic

A Palestinian group that has called for boycotts against Israeli vessels at various ports around the world signaled its intention to picket ships at U.S. ports as well.

Container ship charter rates are soaring as ocean carriers compete for a dwindling supply of vessels at the start of the peak shipping season.

APL is moving two senior executives in its European operations into new positions to strengthen global trade lane management and build momentum in the European market, the company said Monday.

Neptune Orient Lines, parent of APL, established a program to issue up to $1.5 billion in medium-term notes that the company said will be used for general corporate purposes.

“K” Line America appointed Takashi Saeki its president and CEO as of July 1.

Goldenport Holdings, the London-listed containership and bulk carrier owner, announced a new $35 million share offering June 25 to fund future vessel acquisitions.

German KG investment funds that bankrolled much of the last decade’s container shipbuilding boom have cut back on lending, but speculation about their demise is “total nonsense,” say

Evergreen Line, China Shipping and CMA CGM will work together to launch an upgraded Asia-Europe AEX7 service.

Regional Container Lines of Thailand and Middle East-based Simatech Shipping plan to launch a joint container service linking Singapore, Malaysia and the Indian subcontinent, effective this month.

Evergreen Line and Wan Hai Lines will launch the joint Hwa-Bei Strait Service starting early July between China and Southeast Asia.

OOCL notified its customers Friday that it will rates on westbound cargo from Asia to Europe cargo as of July 15.

The first ship on CSAV’s new, weekly all-water service between North Asia and the U.S. East Coast made its first call at the Port of Charleston Thursday on its outbound leg back to Asia.

A consortium of Hapag-Lloyd, United Arab Shipping Company, Hyundai Merchant Marine and China Shipping Container Lines will launch a container service between Southeast Asia and Australia, starting in