Container lines

The volume of 40-foot containers handled by APL jumped by 32 percent and the average revenue per container climbed by 12 percent in the four weeks from March 6 to April 2 compared to the same period l

Seaspan Monday took delivery of an 8,500-unit containership named the Cosco Philippines from Hyundai Heavy Industries in South Korea on April 23.

CMA CGM will seek a new general rate increase on all westbound cargo moving on its EPIC Service from India and Pakistan to Europe and the Mediterranean, starting May 10.

Two of the largest conventional refrigerated shipping lines, Seatrade Group and Alpha Reefer Transport, are pooling vessels in a bid to cut costs and boost efficiency.

Container ships plying the trade between North America and North Europe are running close to full in both directions this spring.

A sharp east-west difference of opinion is dividing the maritime community in New York harbor.

Maersk Line formally announced Friday it will begin a pilot test of imposing a $10-per-container fee on U.S. export containers that do not arrive at their load ports starting on May 1.

U.S.

Hamburg Süd announced Friday that it will apply a general rate increase on June 1 to all cargo moving from U.S. West Coast ports and Vancouver to Europe.

Fesco, Russia's biggest ocean carrier, said its ships carried 22 percent more containers in the first quarter than a year ago while traffic at its box terminals grew even faster.

Hong Kong-based T.S.

APL on Wednesday named Gene Seroka as its new president for the Americas, replacing John Bowe, who is leaving the company in June.

China Shipping Container Lines posted a full-year loss of $951 million in 2009 compared with a restated profit of $6.9 million in 2008, the Shanghai- based company said Wednesday.

After two months of relative stability, the spot rate for shipping a 40-foot container from Hong Kong to Los Angeles climbed 6 percent to almost $2,000 per FEU in the week ended April 19 as the scarci

Hapag-Lloyd will implement a general rate increase for cargo moving on its services from the Indian Subcontinent and Southeast Asia to New Zealand.

CMA CGM took delivery Tuesday of the CMA CGM Figaro, a new containership with a nominal capacity of 8,500 20-foot equivalent units, built by Samsung Heavy Industries at its shipyard in South Korea.

Hamburg Sud said Tuesday that its 2009 revenue dropped 28 percent from the previous year to $4.3 billion as the volume of containers it carried fell 13 percent to 2.3 million 20-foot equivalent units.

Chilean carrier CSAV has launched a weekly North China-U.S. East Coast service that will operate via the Panama Canal.

In the wake of the annual summit last week of the CKYH Alliance among Cosco, “K” LINE, Yang Ming, and Hanjin Shipping, the carriers’ four CEOs announced they are changing its name to

The trade rebound in the eastbound Pacific has exceeded the expectations of ocean carriers, and the lines are itching to bring back vessel strings they idled during the disastrous recession of 2008-09

Wan Hai Lines will join the India-Far East Express Service operated by a consortium of Shipping Corp. of India, Pacific International Lines and “K” Line.

Leading German container shipowners have acquired a stake of around 18 percent in CSAV, finalizing a 2009 deal that involved cutting charter rates for the Chilean ocean carrier.

CMA CGM plans to increase the frequency of its Black Pearl Service between Jamaica and New York and Halifax to weekly sailings from biweekly.

Tokyo Senpaku Kaisha, part of Japanese carrier NYK Line, ended a vessel sharing agreement with Orient Overseas Container Line and Cosco Container Line covering the Middle East Express Service.

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.