Container lines

Maersk Line on Monday announced a general rate increase as of Nov. 15 on cargo it carries from South Asia and the Middle East to Europe.

Maersk Line said Monday it plans to launch a new service this month between the eastern Mediterranean and Central Europe via the Adriatic Sea that it calls the Adriatic Levant Express or “ALEX.&

Following similar moves by several other carriers in recent weeks in taking advantage of capacity cuts on the trans-Atlantic, Hanjin Shipping on Monday said it will raise its freight rates on the tran

Net profit for state-owned Shipping Corporation of India fell 88 percent from a year earlier to $7.3 million in the second quarter ending Sept. 30.

Israel Corp delayed for a third time a key vote on a financial restructuring for subsidiary Zim Integrated Shipping Services, casting fresh uncertainty over the future of the troubled Israeli ocean co

Evergreen Line said Friday it will increase rates in December and January on cargo on outbound containers from North America to Europe, Asia, Australasia and the Middle East.

SHENZHEN, China — No one can accuse Electrolux’s Bjorn Vang Jensen of complaining about volatile shipping rates and not doing anything about them.

The Port of Charleston is having a born-again experience.

For all the gloom and doom that container lines have been expressing about falling volumes, one segment of the trade has been holding up fairly well — the reefer trade.

Israel Corp's shareholders are scheduled to vote Sunday, Nov. 1, on a complex financial restructuring of its ocean container unit Zim Integrated Shipping.

Mediterranean Shipping Company will offer direct service from the U.S. East Coast to Jeddah, Saudi Arabia, with a change in rotation on its GGS USAEC / Far East service.

China Cosco Holdings, parent of Cosco Container Lines, posted a loss of $101.2 million Thursday for the quarter ended Sept.

Mediterranean Shipping Company announced rate increases for export cargo from North America and Mexico to Europe, Mediterranean, Africa, Middle East and India.

OOCL named Erxin Yao president of its business in the United States, the ocean carrier announced Thursday, on the retirement of Peter Leng.

CMA CGM’s creditors want the carrier to replace founder and CEO Jacques R. Saadé before they restructure the container carrier’s $5.6 billion debt, according to Bloomberg News.

Alexander & Baldwin said Wednesday that Matson Navigation, its ocean transportation segment, earned an operating profit of $24.2 million in the third quarter ended Sept.

Neptune Orient Lines posted a $139 million loss in the third quarter ended Sept.

NYK Line joined a growing parade of carriers raising rates on trans-Atlantic lanes on Wednesday, announcing price increases effective Dec. 1 on shipping to and from Northern Europe.

Maersk Line will extend its Asia - Europe AE10 service into the port of Gdansk, Poland, which it said creates the first direct connection between China, Southeast Asia and Poland.

Hapag-Lloyd's financial position is improving on the back of stable ocean freight rates and a successful cost-cutting program, the troubled German ocean carrier's largest individual shareholder said.<

China Shipping Container Lines posted a third-quarter loss of $284 million, which it said was 683 percent worse than the $39.7 million it reported for the same quarter last year.

Hanjin Shipping&rsquo;s shareholders approved its board&rsquo;s decision to divide the company into two separate companies, Hanjin Shipping Holdings, a holding company, and Hanjin Shipping, an operati

A Japanese navy destroyer collided with a container ship operated by South Korea&rsquo;s Namsung Shipping south of Japan on Tuesday, causing a fire and injuring three of the military vessel&rsquo;s cr

In the wake of deep capacity cuts by the three New World Alliance carriers (APL, Hyundai Merchant Marine and MOL) and Maersk Line a week ago, OOCL announced the second phase of its "rate restoration"

French container carrier CMA CGM is seeking a further rate increase on freight from the East Coast of South America to Mediterranean, Persian Gulf and North European ports.

Mediterranean Shipping Company will seek a rate increase on the westbound trades from India to Europe, as part of a new rate restoration program.

Maersk Line plans to start a new dedicated feeder service between Jebel Ali in the United Arab Emirates and Umm Qasr in southern Iraq in November.

German container shipowners, who control a third of the world box ship fleet, are facing increasing financial difficulties and the threat of bankruptcy as charter rates test fresh lows with the end of

Japan&rsquo;s three largest shipping lines, NYK Line, MOL and &ldquo;K&rdquo; Line, on Tuesday reported losses for the first half of their fiscal years ended Sept.

Maersk said more than 700 truckers in the Northeast and Ohio Valley have signed up for a subsidiary&rsquo;s new program that charges motor carriers $11 a day for unrestricted use of intermodal chassis

Trans-Pacific shipping rates are rising, but not high or fast enough for ocean carriers, says Wei Jiafu, president and CEO of China Ocean Shipping Co.

European Union anti-trust regulators launched an in-depth probe of a $20 billion German state aid package for HSH Nordbank, the world's top shipping bank.

Horizon Lines earned a profit of $8.4 million in its fiscal third quarter ended Sept. 20, down 24.3 percent from $11.1 million in the same period last year.

A.P. Moller-Maersk launched on Friday an issue of euro bonds to refinance its bank debt and provide a fund for potential acquisitions.

An MOL executive said its container unit may be unprofitable for two more years as rising global capacity and slowing world trade damps rates.

Evergreen Line and CSAV Norasia entered a slot-swap arrangement in the Asia-Mediterranean-Black Sea trades, effective in early November.

A.P.

APL, which already participates in two new services from Vietnam launched in June, plans to start a third at the end of October that will connect Vietnamese and Thai manufacturing centers with Japan,

The U.S. Supreme Court on Tuesday agreed to hear a case that should clarify what laws apply when international shipments are damaged in transit within the United States.

SHENZHEN, CHINA -- The president of container line APL said despite recent growth in volume and rates, the ocean carrier industry faces far-reaching structural change unless shipping demand turns upwa