Container lines

A Matson ship that received major work at a Chinese shipyard may continue to operate in Jones Act service, the U.S. District Court for Eastern Virginia ruled.

Crowley Maritime is starting a third, fixed-day sailing to its “Speed to Market” services from Port Everglades, Fla.

The delivery of one out of every five containerships due for delivery during the last three months was postponed, said the Baltic and International Maritime Council, a shipping association based in De

A U.S. district court in New Orleans on Thursday fined Greek carrier Polembros Shipping $2.7 million and banished its vessels from U.S. waters for three years, the Justice Department said.

The U.S. arm of Maersk Line is extending its Direct ChassisLink program to Boston, Philadelphia, Baltimore, Rochester, Worcester, and Pittsburgh as of Feb. 1 of next year.

Maersk Line is launching the first scheduled container service to call at Turbo, Colombia's main banana export port.

The Grand Alliance is losing one of its four carrier members, MISC Berhad (Malaysia), which said Wednesday it is withdrawing from the group as of Jan. 1.

The world container ship fleet grew at the slowest rate in 10 years in 2009 as nearly one out of eight vessels is laid-up.

A.P. Moller-Maersk signed a new five-year contract with IBM for the provision of IT hosting and support services.

Deepening financial troubles may be triggering deep changes at CMA CGM and Zim Integrated Shipping Services.

A.P. Moller-Maersk raised approximately $704 million in two separate bond issues, just weeks after it first tapped the corporate bond market.

Neptune Orient Lines said volume grew 23 percent in November compared to the same month a year ago at its container line APL but that pricing and demand also slipped from October.

China Shipping Container Line celebrated the 10th anniversary of its first West Coast calls with a commitment to customers to adjust to changing economic times in order to meet their service requireme

The French government said Dec. 2 it is willing to help CMA CGM, but the troubled ocean container carrier must first sign a debt restructuring deal with its creditors.

Israel Corp., the majority shareholder in Zim Integrated Shipping Services, said it has named Nir Gilad as chairman of the troubled shipping line, replacing Idan Ofer whose five-year term has ended.

South Korea’s largest container carrier, Hanjin Shipping, expects the recession-bound industry to recover by late next year, Chairwoman Choi Eun-Young said on Wednesday.

As part of its strategy of selling off non-core assets, A.P. Moller-Maersk agreed to sell its Rosti Technical Plastics Holding unit to privately owned Nordstjernan of Sweden for an undisclosed sum.

In a continuing drumbeat of rate increases on its global services, Evergreen Line on Wednesday announced that it will boost rates on all cargoes and commodities including reefer and special equipment

A.P.

Bob Magee, an executive with Totem Ocean Trailer Express, Sea Star Line and their holding company, died Monday, Saltchuk Resources announced.

Maersk Line will call at DP World’s new Muelle Sur container terminal in Callao, Peru, when it opens next spring under an agreement signed this week.

Zim Integrated Shipping Services, suffering a steep drop in demand in its container shipping business, reported a $208 million loss in the third quarter on Thursday, more than triple the loss from las

Private investors on Thursday joined key talks between CMA CGM and its bankers over restructuring the troubled French ocean carrier’s $5.6 billion of debts.

Matson announced a rate increase for its Hawaii service and for its Guam and Micronesia services. The company is also hiking terminal handling charges.

The members of the CKYH Alliance announced Wednesday that they will adopt their winter season schedule on the trade between Asia and North America starting at the end of November.

CMA CGM on Tuesday announced changes in the port rotations of its two trans-Atlantic Liberty Bridge services and its St.

CMA CGM will increase its piracy risk surcharge for transporting containers through the Gulf of Aden next month, the French carrier said Tuesday.

COSCO Container Lines announced two rate hikes last week.

OOCL christened the 11th ship in its series of 16 Panamax vessels with a capacity of 4,500 20-foot equivalent units each. Samsung Heavy Industries is building the ships.

Nick Halper, director of export at Paper Tigers, is a happy U.S. exporter right now. Wastepaper shipments to Asia are fairly strong.

If this were a boxing match, the bout would be stopped for excessive bleeding.But it’s not, and for the liner operators issuing their latest round of financial reports, the suffering will contin

Hapag-Lloyd is on track for a further loss in 2010, one of its largest stakeholders said on Sunday.

HSH Nordbank, the world’s biggest ship financier, doubled loss provisions at its shipping unit to nearly $1.5 billion in the first nine months of the year.

CMA CGM is seeking $300 million to $400 million from outside investors to restore its finances as it faces a heavy bill for containership orders, said Jacques Saade, chairman of the French ocean carri

Hanjin Shipping on Friday joined Maersk Line, Evergreen, Mediterranean Shipping Co.

Three private investment groups are considering investing in CMA CGM, potentially bringing a needed cash infusion into the world’s third-largest container line, according to Bloomberg News.

OOCL will increase some freight rates in December, the company announced Thursday, Nov. 19.

Hamburg Süd moved its Pacific Coast / South America West Coast service to a new terminal in Seattle.

Commissioners at the Port of Houston voted yesterday to increase the port’s tariff by 3 percent for containers and 2 percent for breakbulk and project cargo despite the protests of carriers and

French ocean carrier CMA CGM said Nov. 18 it expects to break even in December, ahead of recent forecasts, and return to operating profitability in 2010.