Container lines

Cosco Container Lines said Tuesday it will restore capacity on its weekly North China-U.S.

OOIL Group Chairman CC Tung said Tuesday that it could take three to four years before the container industry works its way out of the glut of vessel capacity that hangs over the market.

LONDON ---Emerging markets offer the best opportunities for trade and investment by the container industry in this year’s slow-growth environment, according to Richard Mitchell, chief commercial

LONDON -- Europe-based shipping industry analyst group Seabury projected Tuesday that global ocean container trade will grow about 11 percent this year over 2009 despite a stronger showing early in th

The number of laid-up container ships above 5,000 20-foot equivalent units capacity has shrunk to the lowest level in over 14 months, largely due to slow steaming.

Mediterranean Shipping Co. will raise prices on U.S.-South America trade lanes next month, taking this year’s rate increases to new markets, the carrier announced Monday.

CSAV Norasia will expand the coverage of its independently-operated India-Middle East-Europe Express Service, effective in early May.

INTTRA, an electronic booking service for container shippers, launched the first ocean freight invoice transmitted via INTTRA eInvoice, its new electronic invoice presentment and payment platform.

LONDON-- A senior executive at Maersk Line said Monday the carrier expects the strong shipping growth early this year to slow down in the second half of the year because volume has outpaced gains in r

The recently created Containership Company will launch its inaugural trans-Pacific "Great Dragon" service on Saturday with the first sailing from the Taicang International Gateway in Jiangsu

With the large global shipping lines hesitant to bring capacity back to the trans-Pacific, 2010 could be the year of the niche carrier.

In the heat of the action, few attendees at last month’s Trans-Pacific Maritime Conference may have realized they were witnessing a defining moment in shipper-carrier relationships.

Several Asian carriers have significantly trimmed the number of containerships they own in their fleets over the last 15 months as they sought to reduce exposure to the fragile liner shipping markets,

Evergreen Line, which has been very cautious about adding vessel capacity to its container fleet during the last few years, confirmed Friday that it will start negotiating orders with shipyards soon t

Pier 1 Imports is happy with its decision last year to pay above-market rates to struggling ocean carriers in exchange for stable rates and reliable service, the retailer’s chief executive offic

“K” Line, which operates the all-water AWE-4 service from East Asia to the U.S.

The NOL Group appointed two Singapore business executives with deep international management experience to its board of directors.

Intermarine, the agent for Industrial Maritime Carriers and West Coast Industrial Express, said those carriers will adjust the bunker surcharges on all their services to or from South America, Mexico

MOL said Thursday it completed the concept for the third ship in its series of next-generation vessels, which it said will be technically feasible in the near future.

In a sign of burgeoning U.S. trade demand, Evergreen Line plans to reintroduce a pendulum service covering the U.S.

American Shipping Group, named Frank Peake as vice president Tuesday, and appointed Steve Hastings to succeed him as president of its affiliated company, Sea Star Line.

The state-owned investment fund of the nation of Qatar is offering to pump $1 billion into financially-troubled CMA CGM to help bail out the world’s third-largest container ship operator, accord

MISC Berhad will open its own shipping agency in India as a joint venture with its existing third party agent, Crescent Shipping Agency India Ltd.

Hanjin Shipping introduced a new electronic booking system on Monday that it has been developing for the last two years in cooperation with Cyberlogitec and IBM GBS.

The U.S. Supreme Court is expected to unsnarl a tangle that leaves carriers and cargo owners questioning who should be liable for damages on cargoes shipped from a foreign port.

Customers should find the billing and invoicing process a lot more efficient — and accurate — at the world’s largest ocean container carrier when Maersk Line completes an overhaul of

Mediterranean Shipping Co. will increase rates on exports from all the U.S. ports it serves as of May 1.

MOL, the only one of the three big Japanese shipping lines to project a profit in its 2009 fiscal year ended March 31, is setting a goal of generating revenue of $1.066 billion in fiscal 2010, ending

Hapag-Lloyd will seek a general rate increase on all cargo moving from India to the U.S. East and West Coasts, effective May 1.

Maersk Line will start imposing a $10 fee for “no-shows” on every container that shippers book for export on one of its trans-Pacific services that does not show up at the ports of Los Ang

A number of Asian carriers significantly trimmed the number of containerships they own over the last 15 months as they sought to reduce exposure to the fragile liner shipping markets, according to Alp

Con-way Freight and TNT are expanding their trans-Atlantic partnership to include shipping U.S. exports to Europe, targeting freight shipments weighing more than 150 pounds.

Safmarine said it is reintroducing the ME 3 shipping service between the Mediterranean and West Central Asia.

A.P. Moller-Maersk aims to cut operating costs by $500 million this year, it said in a company newsletter published on Monday.

Middle East-based Simatech Shipping, Evergreen Line and Wan Hai Lines will launch a joint container service linking the Indian Subcontinent and East Africa, effective in May.

Neptune Orient Lines said Monday the volume of containers carried by its container line APL and the average yield per container both climbed during the four weeks from Feb.

Maersk Line CEO Eivind Kolding predicted in Russia Sunday that the container line is "about to break even" as ocean freight rates jump, and predicted demand will be in the upper end of its f

Neptune Orient Lines formed a new wholly owned subsidiary called Triton Shipping in Singapore to arrange financing for two new vessels with capacities of 10,000 20-foot equivalent units that it ordere

It may be a foregone conclusion Asia-to-U.S. trans-Pacific carriers will raise freight rates this year, U.S.

Almost everyone believes exports are a cure for many of the ailments afflicting the U.S. economy. They can help close the huge U.S.