Container lines

Shippers caused container shipping's deepest crisis by exploiting overcapacity to drive down freight rates below vessel operating costs, the head of Mediterranean Shipping Company said.

Carrier executives and shipping industry analysts meeting in Long Beach last week for The Journal of Commerce’s 10th Annual Trans-Pacific Maritime Conference were in a decidedly upbeat though ca

If the words flying between shippers and carriers are any indication, the annual contract negotiations for trans-Pacific ocean services that begin for many companies this week will be the toughest in

Horizon Lines will be a small fish in a big pond in the trans-Pacific market, but it hopes to succeed by swimming faster.

CMA CGM said it will increase freight rates for all cargoes from North Europe to the Far East on April 1.

Mediterranean Shipping Company will raise rates and bunker charges on freight from Asia to Europe, effective April 1.

New World Alliance ocean carriers will add a vessel to their Pacific Southwest string and will have direct service from Thailand to the West Coast, effective March 15.

Maersk Line and Lloyd's Register will team up in a two year program to test the suitability of biodiesel for use in powering marine engines.

A.P.

CMA CGM will raise freight rates for all types of U.S. export cargoes to Asia, the Middle East and the Indian sub-continent on March 15.

Jack Yen has been named vice chairman of Evergreen Marine Corp. (Taiwan) Ltd., and will be succeeded as president by Capt. C.J. Wang.

Global Ship Lease, the NYSE-listed container ship charter owner, reported fourth quarter net profit of $12.3 million compared with a year-earlier loss of $43.7 million.

Container shipments from the Far East to the United States declined by 15.3 percent in 2009 from the previous year to 10.1 million 20-foot equivalent units, down 2.8 million TEUs from their peak of 12

APL, the liner shipping subsidiary of Singapore-based Neptune Orient Lines, handled 307,400 40-foot equivalent units in the six weeks from Dec. 26, 2009, to Feb.

Hapag-Lloyd in April will seek rate increases on two trade lanes affecting the Indian Subcontinent.

Relations between trans-Pacific shippers and carriers are testy in the best of times, and these aren’t the best of times.

The global financial crisis that began in 2008 and accelerated into 2009 sent trade volume from the export-oriented economies of the Asia-Pacific region into the steepest decline in the modern interna

With container volumes down 18 percent from the peak year of 2007, and some marine terminals operating at 50 percent of capacity, this may not seem like the best time for West Coast ports to spend bil

Horizon Lines, the largest U.S.

Horizon Lines is close to a decision on whether to shift its weekly New York-New Jersey port calls for the carrier's Puerto Rico service to Philadelphia or Jacksonville, CEO Charles G.

CMA CGM will raise rates on major lanes around the world in a “rate restoration program” beginning March 1 with later phases kicking in March 15 and April 1.

Financially-troubled CMA CGM will not get conventional state aid from the French Government, but the container line is still in talks with FSI, the country’s sovereign wealth fund, about new equ

Mediterranean Shipping Company’s “Golden Gate Service” made its inaugural call Thursday at the Port of Charleston, when the first vessel in the service to call Charleston, the MSC Ri

Shipping lines that carry U.S. exports to Asia intend to increase their freight rates effective April 1 in a continuing attempt to recover from last year's recessionary rate levels.

Mediterranean Shipping Company announced Thursday a general rate increase on exports from North America to Europe and the Mediterranean as of April 1.

Overseas Orient Container Lines, extending the shipping world's push toward higher prices, said Tuesday it will increase freight rates by $100 per 20-foot container as of March 1 on cargo moving from

Hanjin Shipping expects to post a profit this year and boost revenue 27 percent as world trade picks up and shipping lines cut fleet expansion plans, according to Bloomberg News.

The United Arab Shipping Company said it signed a $275 million multi-currency loan facility to finance the acquisition of three container ships of 13,100 20-foot equivalent units capacity.

Hamburg Süd said it will replace its current service between the Mediterranean and the Caribbean through a slot-charter agreement with Hapag-Lloyd’s MGX service.

CMA CGM, which has been heavily involved in relief efforts in Haiti since the earthquake devastated the country on Jan.

For a company that lost more than $1 billion in 2009 and is almost certain to spend 2010 in the red, Hapag-Lloyd seems an unlikely recovery story.

BNSF’s top intermodal executive concedes the western railroads have permanently lost much of their East Coast market share to all-water container shipping services from Asia, but Steve Branscum

Navigating through a storm of historic magnitude, any ship captain probably would be expected to make adjustments and even look for an entirely new course.

Atlantic Container Line said Friday it will raise rates on east- and westbound trans-Atlantic cargo, effective April 1.

Mediterranean Shipping Co. said it is temporarily using several 8,085-TEU ships, the largest to call at U.S.

The Federal Maritime Commission has given members of the carrier discussion group in the eastbound Pacific the authority to talk about strategies intended to reduce air emissions, water pollution and

CMA CGM, which is in tough negotiations with South Korean shipyards to delay or cancel orders it placed in 2007 for some 30 new ships, is not laying up any of its vessels and is scrapping “very

CMA CGM, the troubled French carrier that is in talks with its creditor banks about restructuring $5.6 billion in long-term debt payments, expects to receive the balance of the $500 million in short-t

APL said Friday it will apply a general rate increase to all cargo moving from the Far East to India and Pakistan.

State-owned Shipping Corporation of India will seek a rate increase on the westbound trades from India to Europe, as part of what it called a rate restoration program.