Container lines

Hanjin Shipping, the new company that runs the South Korean company’s shipping operations, said Thursday it lost $26 million on revenue of $573 million in the month of December, its first full m

Alexander & Baldwin said Wednesday that its Ocean Transportation unit, Matson Navigation, earned a fourth quarter operating profit of $13.5 million, which was down 36 percent from the $21.1 millio

The spot rate for shipping from Hong Kong to Los Angeles leaped by 20.5 percent to more than $2,000 per 40-foot container over the past week, according to Drewry Shipping Consultants.

CMA CGM on Feb. 2 received an $80 million cash injection from its banks as it continues negotiations over restructuring its $5.6 billion debt.

Net profit for Shipping Corporation of India fell 53 percent to $19 million during the third fiscal quarter, ending Dec.

Crowley Maritime Corp. discharged 202 20-foot containers of relief supplies across a beach in Port-au-Prince, Haiti, on Thursday under its contract with the U.S. Transportation Command.

NYK Line will be implementing a general rate increase in its trans-Atlantic services from the U.S.

Horizon Lines in its fiscal fourth quarter ended Dec. 20 swung to a profit of $1.3 million from a loss of $20.3 million in the same quarter of fiscal 2008.

Japanese ocean carrier “K” Line said its net losses in the last three months of 2009 nearly doubled to $203.3 million from $115.2 million a year earlier as weak volume and rates caused rev

Citing a pre-Chinese New Year "cargo rush," CMA CGM said it will impose peak season surcharges on services from Asia to North and West Africa.

Seaboard Marine said most of the 30 containers that fell overboard from a ship 30 miles off Key West, Fla., this week were empty and the rest contained non-hazardous materials such as textiles, the Co

MOL on Friday more than doubled its profit forecast for its current fiscal year, saying “strong demand” in dry bulk shipping and rising container shipping prices are improving the company&

INTTRA, the carrier-owned portal for ocean-freight bookings, is getting a fresh capital infusion that will enable it to develop new electronic commerce services for new markets.

The South Africa Europe Container Service on Feb. 15 will introduce an additional reefer service for the anticipated seasonal increase in refrigerated exports, which it first announced on Nov.

After two weeks of strong week-to-week increases, the spot rate for shipping a 40-foot container from Hong Kong to Los Angeles settled down, stabilizing at $1,669 in the week ended Jan.

European Union regulators are challenging the German government's $1.7 billion loan guarantees to Hapag-Lloyd, the country's biggest ocean container carrier, which narrowly avoided a loss in the fourt

With carriers increasing rates on major trade lanes on an almost daily basis, Mediterranean Shipping Co.

A Horizon Lines ship bound from Los Angeles to Guam made an unscheduled stop in Honolulu with several containers askew on its deck after encountering a Pacific storm that knocked six containers overbo

The four members of the CKYH Alliance, Cosco, “K” Line, Yang Ming and Hanjin, introduced slow steaming on their services between Asia and Europe and the Mediterranean, the group said Tuesd

Crowley Liner Services’ settlement this month of civil antitrust lawsuits with U.S.

TLR-Total Logistics Resource, a Portland, Ore., forwarder, is having a terrible time getting its customers’ export containers on Asia-bound vessels.

Officials of Hanjin Shipping and the International Longshoremen’s Association tentatively agreed on a contract establishing personnel scales for a highly automated container terminal the carrier

TUI AG said it will ask shareholders to oppose a motion by billionaire Norwegian ship-owner John Fredriksen calling for an investigation into the financial rescue of troubled ocean container carrier H

MISC Berhad will revise the port rotation and coverage of its Halal Express 2 (HE2) Service linking the Far East, Southeast Asia, the Indian Subcontinent and the Middle East.

The volume of containers transported by Neptune Orient Lines’ liner subsidiary APL surged by 43 percent in the six weeks from Nov. 14 to Dec.

Crowley Maritime will start delivering relief supplies directly to earthquake-crippled Port-au-Prince next week after successfully completing an experimental ship-to-shore transfer of ocean containers

Space on ocean vessels leaving Asia is tight leading up to Chinese New Year in three weeks, and shipping lines are capitalizing by charging importers at least $200 per container to guarantee the shipm

At least one South Korean shipbuilder is getting hit by the cancellation of orders by CMA CGM, and others are fending off cancellations by the troubled French container line, which can't pay for the o

The spot rate for shipping a 40-foot container from Hong to Los Angeles jumped 17.9 percent in the week ended Jan.18 compared to the week earlier as U.S.

A joint venture investment group said it will spend up to $100 million to buy low-valued freight and industrial equipment, to assemble a broad mix of lease assets that will include ocean ships and riv

The World Shipping Council and its 29 carrier members proposed to the International Maritime Organization and its member governments a new global Vessel Efficiency System to improve the carbon and fue

Orient Overseas (International) Ltd said Wednesday revenue for the fourth quarter, ended Dec.

Orient Overseas (International) Limited, the parent of container line OOCL, said Tuesday it sold its real-estate subsidiary Orient Overseas Developments Limited to CapitaLand China (RE) Holdings Co fo

Maersk plans to expand its Direct ChassisLink program throughout the Midwest and the Ohio Valley as of March 1.

Hanjin Shipping plans to raise trans-Atlantic rates in both directions in three quarterly increases on April 1, July 1 and Oct. 1, the carrier announced Monday.

Maersk Line’s AE7 Asia - Europe service Jan. 13 called at the Port of Felixstowe in the UK.

CMA CGM on Monday officially appointed Philippe Soulie, former head of French construction group Cnim, CEO of the troubled ocean container carrier.

The Transpacific Stabilization Agreement is adding another member and changing its governance and management structure to better deal with what carriers say are insufficient trans-Pacific freigh

Ocean carriers’ service cutbacks are forcing shippers to book further in advance and pay higher rates to keep their containers from being left on the dock.

Even after 14.5 percent average annual growth in container traffic between 2002 and 2007, the container shipping revolution still has a long way to go in India.