Container lines

The British retailer Argos filed suit in the UK against A.P. Moller-Maersk for $13.9 million, claiming breach of contract in rate increases and services.

Hapag-Lloyd announced the hiring of Jesper Praestensgaard as its new chief commercial officer on Tuesday.

The active container ship fleet added 2.4 million 20-foot equivalent units since the beginning of the year, putting downward pressure on ocean freight rates, according to a leading industry analyst.

NYK said Monday it will increase freight rates on containers moving in both directions on its trans-Atlantic services as of Oct. 1.

OOCL plans to raise rates on Oct. 1 on its services in both directions on the trans-Atlantic and on its services from the Middle East, South and Southeast Asia to Australia.

The largest container ship ever to call the Port of Savannah arrived Friday.

Maersk Line on Friday said it resumed bookings of all cargo for direct loading via the Port of Jawaharlal Nehru (Nhava Sheva), India's busiest container gateway.

Maersk Line said it will go ahead with a previously announced general rate increase on all container cargoes shipped across the North Atlantic in the fourth quarter.

The European Union opened an anti-trust investigation of marine insurance agreements among shipowners to check whether they are blocking rivals from the market.

Norway's Green Reefers, a leading carrier of palletized refrigerated cargo, blamed low spot rates, Russia's six month ban on U.S.

Zim Integrated Shipping Services swung to a slim $3 million second quarter net profit from a $186 million loss a year ago as the Israeli carrier's enforced restructuring program coincided with a rebou

Container shipping lines have rebounded from a disastrous 2009, but their fortunes will “change quite dramatically” later this year as vessel capacity continues to rise, warns a new report

Cosco and China Shipping Container Line, which operate China’s two largest container carriers, have joined the parade of ship lines that have returned to profitability after losses in 2009.

German ocean container carrier Hapag-Lloyd will mull plans to issue a $630 million corporate bond and extend existing credit lines at a meeting of its supervisory board on Thursday, according to Finan

CMA CGM is negotiating with a Lebanese group about investing in the French ocean container carrier, according to French press reports.

Ocean carriers that were trying to delay deliveries of ships a year ago are now pushing shipyards to bring forward construction dates as confidence returns to container shipping, according to a leadin

Direct ChassisLink, which Maersk set up last year as neutral provider of chassis to truckers, said it will extend service to California and other southwestern U.S.

China Shipping Container Lines, Hanjin Shipping, CMA CGM and Hyundai Merchant Marine will launch a direct joint service from Asia to Mexico and the West Coast of South America, starting on Sept.13.

Container ship charter rates are still climbing through the summer as ocean carriers compete for increasingly scarce tonnage to keep pace with surging cargo volume on key routes from Asia to North Ame

Germany's HSH Nordbank, the world's largest shipping bank, reported its first quarterly operating profit for almost two years and reaffirmed its goal of booking an annual profit in 2011.

Japanese export ship orders increased 21.7 percent in July from a year earlier to 1,157,150 gross tons, according to figures released Thursday by the Japan Ship Exporters' Association.

Local Indian government and port authorities served a joint notice to Mediterranean Shipping Co.

A.P Moller-Maersk stormed back into the black with a $2.52 billion profit in the first half of 2010 and raised its full-year earnings forecast for the second time in two months on surging ocean contai

The Containership Company will add the Port of Ningbo to its trans-Pacific service from China to Los Angeles, effective Sept. 10.

Container volumes at California’s ports increased in July over the same month last year, with imports leading the way.

Evergreen Marine, operator of the world's fourth-largest container carrier by capacity, swung to a profit of $129 million in the second quarter ended June 30 from $62.2 million loss a year earlier.

Neptune Orient Lines said it finalized an order on Monday to build two new container ships with capacities of 10,700 20-foot-equivalent units that will be delivered in 2012.

CMA CGM took delivery on Monday morning in South Korea of the CMA CGM Corte Real, a very large container ship with a capacity of 13,830 20-foot equivalent units that is the third in a series of eight

Container volume at APL grew 18 percent in the four weeks ending July 23 from the same period last year as rising rates pushed revenue per 40-foot container up 39 percent, the shipping subsidiary

APL can’t get vessels back into the water fast enough.

The Brussels-based organization that lobbied the European Union on behalf of liner shipping companies ceased those efforts last month but is staying open as a trade association.

Orient Overseas Container Line and Hanjin Shipping returned to profitability in the second quarter and say they’re cautiously optimistic the good times will continue.

After roaring out of the gate at the beginning of the year with container ships sailing full in both directions and rates more than doubling over the last year, demand in the trans-Atlantic trades is

Hapag-Lloyd on Friday said it stopped accepting hazardous cargo bookings to and from India's Port of Mumbai, effective immediately.

India's two biggest ports, the Jawaharlal Nehru Port and Mumbai Port, conducted limited operations on Friday.

OOCL is buying slots on a new weekly service between Antwerp and New York that Hapag-Lloyd will start in September.

Chile's CSAV posted $69 million in second quarter profit and said it finished the first half of the year with a $36.8 million net profit, compared with a $402 million loss in the first fix months of 2

India's biggest container port resumed partial operations on Thursday, ending the shutdown caused by the collision of two ships in its main channel last Saturday.

Icelandic carrier Samskip Multimodal Container Logistics said it will increase the frequency of its new Oslofjord service to weekly from biweekly at the end of August to accommodate demand for refrige