Container lines

Sea Star Line is the third carrier to agree to a multimillion-dollar settlement of a class-action civil antitrust lawsuit alleging price-fixing in the U.S. mainland-Puerto Rico trade.

Greek and Chinese ship-owners are the most active buyers of second-hand container vessels as the crisis in container shipping attracts non-traditional operators to the sector, according to Alphaliner,

Maersk Line expects to return the Charlotte Maersk to service in August after repairs are made to the container ship that caught fire this month in the waters near Malaysia, the carrier said.

Containerized imports at the Port of Seattle exploded last month, increasing 93.3 percent compared to June of 2009.

CMA CGM said it took delivery of the CMA CGM Leo, the fifth in a series of 12 vessels that will be delivered between 2010 and 2011.

Shipowner Diana Shipping said Tuesday its recently established container ship unit, Diana Containerships, chartered out its first two box vessels.

DP World said it handled 23.7 million 20-foot equivalent container units at its 50 operating terminals in the first half of 2010, an increase of 16 percent on the same period last year and ahead of th

Belgian billionaire financier Albert Frere is in negotiations with CMA CGM to acquire a stake in the heavily indebted French ocean container carrier, according to media reports.

Orient Overseas Container Line, adding to a growing list of surcharges to compensate for port congestion in the Indian sub-continent, said Monday it will apply port congestion surcharges on shipments

APL retrofitted five of its container ships for cold-ironing, which allows them to turn off their diesel generators at berth and connect instead to shoreside power that produces fewer emissions.

Cosco Container Lines said it will impose a congestion surcharge on cargo moving through India’s Port of Nhava Sheva (Jawaharlal Nehru).

Fesco, owner of Russia’s biggest ocean container carrier, sold its 50 percent stake in National Container Company, a container terminal operator, to an unnamed investor for a reported $900 milli

Only 2 percent of the world’s container ships are idle, compared with 11.6 percent at the start of the year, Alphaliner reports in its weekly newsletter.

The Port of Montreal, shut down since Monday morning by an employer lockout of longshoremen, will reopen for work at 8 a.m. Saturday following a compromise agreement reached Thursday evening.

Horizon Lines reported second-quarter net income of $3.7 million, but CEO Chuck Raymond said business “continued to be impacted by the slow, uneven global economic recovery.”

The World Shipping Council met with U.S.-based shipper and forwarder trade associations Thursday to explain the European Union’s new customs cargo security filing requirements, which are schedul

Shippers and ocean carriers in the trades to and from the Indian subcontinent are bracing for difficult times as congestion cripples operations at some of the busiest container ports in the region.

CMA CGM is seeking to put together a new investor group by a July 26 court deadline, according to Bloomberg News, which cited unidentified sources with direct knowledge of the matter.

APL initiated a peak-season service to the Port of Seattle. The P1A service with ships of 2,300-TEU capacity will call in Seattle every other Thursday through October.

The CMA CGM Rabelais on Thursday completed its inaugural call at the Port of Seattle, setting a record at the terminal with more than 4,300 container moves.

Carrier and labor officials were in talks Thursday aimed at ending a lockout of longshore workers at the Port of Montreal and re-opening the port.

CMA CGM took delivery Thursday in South Korea of the CMA CGM Amerigo Vespucci, the second of a series of eight large container ships named after the great explorers.

Orient Overseas Container Line will increase its freight rates on shipments from Asia to New Zealand by $250 per TEU, effective Aug. 15.

Two exporters filed a complaint with the Federal Maritime Commission alleging unfair treatment by Hapag-Lloyd America and two non-vessel-operating common carriers.

Shipping executives say Congress should provide American maritime companies more financial support to improve the state of the U.S.-flag fleet.

Horizon Lines said Wednesday it will use Elizabeth, N.J., rather than Philadelphia, Pa., as its northeastern port for weekly sailings to San Juan, Puerto Rico.

Neptune Orient Lines said on Wednesday it placed an order for 10 new container ships with capacities of 8,400 20-foot-equivalent units.

Officials in Guam are investigating whether any of the thousands of spiders that poured out of a cargo ship at the port got onto land or posed a danger to the island’s environment and native spe

Neptune Orient Lines, parent of APL, the world’s fourth-largest container line, entered an agreement with Oversea-Chinese Banking and ING Bank for a term loan of $150 million.

Deliveries of new container ships will hit a record monthly high of 200,000 20-foot equivalent units in July, extending a year long influx of capacity that may stall the recent rise in ocean freight r

Maersk Line said it will apply a congestion surcharge on all import containers handled at India’s Port of Nhava Sheva (Jawaharlal Nehru), the country’s largest container gateway.

Hanjin Shipping plans to use its new container terminal at the southern Spanish port of Algeciras as a "beachhead" to challenge dominant European rivals on the West Africa and South America

Container volume at APL grew 29 percent in the shipping line’s June reporting period over the same period a year ago, and yield advanced 32 percent as demand out of Asia picked up steam heading

Mediterranean Shipping Co. will impose a peak season surcharge on all shipments from the Far East to the U.S. East and West Coasts effective Aug.

Ocean carriers are worried they may become collateral damage as Congress seeks revenge against British Petroleum.

Life is becoming sweeter for container ship lines in general and Mediterranean Shipping Co. in particular.

The chief financial officer of CMA CGM Jean Yves Schapiro will leave the company at the end of August, the French ocean container carrier said July 16.

The container ship charter market is set for a summer-long rally as ocean carriers, struggling to boost capacity amid surging demand, compete for a shrinking supply of vessels for hire.

Evergreen Line and NYK Line joined a growing list of carriers that are stopping providing chassis for import and export cargo in the United States.