Container lines

Mitsui O.S.K. Lines Ltd. increased its stake in breakbulk operator Gearbulk Holding Ltd. from 40 percent to 49 percent.

The new board of directors of CMA CGM will meet for the first time on Jan.

Container traffic moving through West Coast ports increased 3 percent in November compared to November 2008, marking the first monthly year-over-year increase in 2009.

Hanjin Heavy Industries and Construction, Korea’s fifth-largest shipyard, plans to cut its shipbuilding workforce by at least 30 percent to help overcome a management crisis arising from a world

The active capacity of the world's 20 largest ocean container carriers shrunk by 2.4 percent over the past year, but there was relatively little change in their global market shares.

Horizon Lines said it switched terminals in Oakland to the terminal operated by Ports America to handle cargo moving through Oakland between the U.S. mainland, Hawaii, Guam and Micronesia.

New orders at Hyundai Heavy Industries fell 61 percent in 2009. The world’s largest shipbuilder forecasts lingering effects from containership overcapacity through this year.

Maersk Line announced Monday it will implement a general rate increase on westbound dry cargo moving from South Asia and the Middle East to destinations in North Europe and the Mediterranean.

Hamburg Sud said Monday it will apply a general rate increase to all containerized cargo moving from the United States and Canada to Europe as of Feb. 15.

Ship owners and managers and others in the industry launched a new trade association at the Baltic Exchange in London on Monday with a broad mandate to represent and promote the health and medical int

CMA CGM’s new $500 million line of credit will buy the company time to rebuild its finances, but the world’s third-largest container line already is reconstructing its business.

Cynicism is growing among many shippers besieged with notices of freight rate increases that note ocean carriers are seeking to maintain services.

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Japanese carrier NYK Line opened its own agency office at Hyderabad, a major inland cargo location in the southern state of Andhra Pradesh, India.

Hamburg-Sud booked what it called a "small" loss in 2009 as revenue and cargo volume declined by double digit percentages, the chief executive of Germany's second largest ocean carrier said.

Hanjin Shipping on Dec. 23 added a “carbon calculator” to its Web site to let customers know the amount of emissions generated by their cargo for any given transportation segment.

The container ship charter market is ending the year close to record lows with ocean carriers' demand for hired vessels weakening as cargo volumes shrink to seasonal lows on key east-west liner trade

Financially troubled CMA CGM returned to profitability on its operations between Asia and North Europe in October and expects overall operations to show operating profits in November and December.

The spot rate for shipping a 40-foot container from Hong Kong to Los Angeles stood at $1,268 last week for the third straight week, according to an index published by London-based Drewry Shipping Cons

The world’s top 22 ocean container carriers lost some $11 billion in the first nine months of the year and face further losses in 2010 as the industry digs out from the worst downturn in its 50-

A week after most large trans-Pacific container carriers sought an “emergency” increase in U.S.

Zim Integrated Shipping Services held a naming ceremony for the Zim Colombo, a newly built 4,255-TEU vessel, at the state-owned Jaya Container Terminal in Colombo, Sri Lanka.

APL next year will become the first ocean carrier at the Port of Oakland to operate vessels at berth from shore-side electrical power.

Orient Overseas Container Line will introduce new Asia-Europe services in January.

Fesco, Russia's biggest ocean carrier, received a $100 million five year loan from the European Bank for Reconstruction and Development to support its debt restructuring program.

Orient Overseas Container Line affirmed it would join the “emergency revenue program” announced Wednesday by the Transpacific Stabilization Agreement, of which it is a member.

CMA CGM's bankers on Friday agreed to grant the financially troubled container line a $500 million credit line after Jacques Saadé, the French ocean carrier's founder, agreed to restructure cor

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French ocean container carrier CMA CGM is meeting with its creditors Dec. 17 to finalize key details in the restructuring of its $5.6 billion debt.

MOL said Thursday it will increase ocean freight rates for all cargo originating in Asia and imported into the United States, effective Jan. 15.

CMA CGM said Thursday it will join the call for an “emergency revenue program” issued by the Transpacific Stabilization Agreement on Dec.

Horizon Lines, the largest U.S.

OOCL will increase its rates on all dry and reefer shipments from Hong Kong, Macau and South China to Australia, the company said Wednesday.

Shipping lines in the eastbound Pacific will attempt to increase their freight rates by $400 per 40-foot container on Jan.

China Cosco Holdings, China’s largest shipping company, warned Monday that it will post a full-year loss.

Hapag-Lloyd swung to an operating loss of $986 million in the first nine months of 2009 from a year-earlier profit of $320 million as Germany's biggest ocean container carrier booked double digit decl

MOL in January will increase ocean freight rates in two phases for all refrigerated cargo exported from the United States and Canada to Asia, the Middle East, Australia and New Zealand.

Hapag-Lloyd co-owner TUI on Monday rejected the latest bid by its biggest shareholder John Fredriksen, the Norwegian shipping tycoon, for a seat on the TUI supervisory board.

Maersk Line is gaining traction with its U.S. chassis pool, and momentum is building for a new structure to manage the critical intermodal truck equipment across the country.

The Grand Alliance ocean container shipping venture will add Vietnam to its Asia East Coast Express service next month, joining the rapid buildup of international transportation connections to the cou