Container lines

A federal judge in Delaware dismissed a shareholder suit that accused Horizon Lines and six current or former senior officers of misleading investors about a price-fixing conspiracy in the U.S.

Ocean carriers operating to and from India plan to seek general rate increases aimed at taking advantage of surging demand on major trade lanes.

APL will join the INTTRA e-commerce portal, giving the platform important new reach in the ocean shipping world, the companies announced Tuesday.

Safmarine plans to launch its first direct, fully-containerized service between the Far East, the Arabian Gulf and the Horn of Africa next month.

Trailer Bridge narrowed its first-quarter net loss to $307,569 from $768,034 a year earlier as the U.S.-Puerto Rico carrier reported increases in revenue and operating income.

One by one, the major shipping lines pushed to the brink of bankruptcy have received financial infusions enabling them to survive.

At first blush, it makes sense that start-up carrier The Containership Co. chose the new Port of Taicang as its home base in China, but CEO Jakob Tolstrup-Moller said it was the other way around.

CMA CGM will add calls at Mobile, Ala., and Pusan, Korea, to its Asia-Gulf of Mexico service, effective May 20, the company announced Friday.

Neptune Orient Lines, Singapore-based parent of ocean container carrier APL, narrowed its first-quarter net loss to $98 million from $245 million a year earlier and said trends point to a return to pr

CMA CGM, building on a $270 million profit the carrier showed in the first quarter, expects to earn $1.8 billion on its operations for the year as a whole, according to Philippe Soulie, CEO of the Fre

Maersk Line is maintaining “tight management” of its vessel capacity despite rising cargo volume and rates, parent company A.P. Moller-Maersk said.

The Maersk Mathilde called at a port near Ho Chi Minh City Wednesday, as Maersk Line launched its new direct TP6 service between Vietnam and the U.S.

Hapag-Lloyd made a profit in the first three months of 2010 as increased cargo volume and higher freight rates ended a run of five consecutive quarters in the red.

Ron Widdows, president and chief executive officer of NOL Group, and John Hemingway, chief executive officer and president of SSA Marine/Carrix, have been chosen as recipients of the 2010 Connie Award

A.P.

CMA CGM reached agreement with five South Korean shipyards that were building its orders for 42 new containerships to postpone delivery of 30 vessels that had been scheduled for delivery in 2010 throu

CMA CGM and Maersk Line plan to launch a new weekly service in time for peak season, reflecting the recovery in demand on one of the world’s largest trade lanes.

Hyundai Intermodal, a unit of Hyundai Merchant Marine, will switch from Norfolk Southern to CSX Transportation as its eastern-U.S. railroad partner beginning June 1.

A consortium of Hanjin Shipping, Hyundai Merchant Marine, Yang Ming Line and United Arab Shipping Company will launch a container service between Asia and Southern Europe, starting at the end of May.<

Hanjin Shipping lost $118 million in the first quarter ended March 31, down from the $191 million loss it suffered in the first quarter last year, and substantially lower than the $239 million it lost

Shipowners or operators who pay ransom to Somali pirates could face U.S. civil penalties or criminal prosecution under a White House &ldquo;Executive Order concerning Somalia.&rdquo;

The idea that roll-on, roll-off carriers might be infatuated with high and heavy cargo is not a new one, but it has happened again.

It certainly isn&rsquo;t the first time ocean carriers and importers have disagreed, and it won&rsquo;t be the last, but the outcome could determine the fate of U.S.

Malaysian carrier MISC Berhad on Friday reported its profit before tax in the fourth quarter ended March 31 rose 49.3 percent to $85.2 million mainly due to higher profits in LNG and offshore oil supp

A. P. Moller-Maersk sold its Premier Technical Plastics subsidiary to McCalmont Industries by means of a management buyout to its president Jim McCalmont.

DHL launched a direct less-than-container-load service connecting Cochin, India, to Europe, North America and other markets via the Port of Colombo, Sri Lanka.

Zim Integrated Shipping Services, seeking to improve a balance sheet hit hard by the global trade downturn, is in negotiations to sell unspecified holdings in two non-Israeli companies, according to a

Trailer Bridge has won dismissal from a civil class-action lawsuit alleging antitrust violations by carriers in the U.S. mainland-Puerto Rico trade.

The spot rate for shipping a 40-foot container from Hong Kong to Los Angeles jumped to $2,189 per FEU in the week ended May 3, according to data collected by Drewry Shipping Consultants.

CMA CGM, which has been unable to complete negotiations with a consortium of lenders to restructure $7 billion in debt, is considering a public listing of its stock as part of a package of measures ai

The Containership Company, the newest entrant in the trans-Pacific trade, began its service on a promising note as the Taicang Dragon arrived at the TraPac terminal at the Port of Los Angeles with 77

Ocean carriers on routes out of India are raising rates as demand picks up.

To handle recovering volumes in the trade between Asia, Mexico and the West Coast of South America, Germany&rsquo;s Hamburg Sud and Chilean carrier CCNI plan to restore vessel capacity to the levels o

OOCL will launch an intra-Asia service on May 5 linking China with Thailand and Vietnam in response to increasing demand in the region.

CMA CGM, the financially troubled French ocean container carrier, booked a $1.4 billion net loss in 2009 but returned to profit in the final quarter of the year.

Hamburg Sud and its Brazilian affiliate Alianca said Monday they plan to charge shippers a general rate increase of $461.41 per 20-foot equivalent unit on June 1 for all cargo moving from Europe to po

Damco, the combined brand of A.P. Moller-Maersk logistics activities, reached outside the company to hire Todd Renehan as its new chief commercial officer for North America.

The four major South Atlantic ports are in a race against time and, to some extent, each other to prepare for the bigger ships that will start coming to the East Coast from Asia after the Panama Canal

Economists at the International Monetary Fund are optimistic about the global economy, saying it will grow 4.2 percent in 2010.

A global shortage of ocean containers is exacerbating the difficulty U.S. exporters face in finding empty boxes for shipments from the Midwest and other locations away from import centers.