Container lines

A sharp drop in trans-Pacific container volumes this year caused NYK Line to drop plans to lease a proposed 168-acre container terminal at the Port of Tacoma.

Germany's parliament cleared the way for Hapag-Lloyd to receive federal and local government loan guarantees worth $1.8 billion to help the container line survive the downturn in global trade.

The Shipping Corporation of India said it will delay the acquisition of 72 new vessels it had planned to buy during the 11th Five-Year Plan covering 2007 to 2012.

Maersk Line’s plans to save money by replacing a number of its Danish deck officers with foreign nationals ignited controversy in Copenhagen, where the world’s largest container line is ba

A proposal to provide German government guarantees for $1.8 billion in loans to Hapag-Lloyd by its owners will probably be decided by Germany’s Bundestag today.

MOL received government approval to establish a new joint terminal operating company in Vietnam.

Evergreen Line will increase its rates from European ports to ports along the Mediterranean, beginning Oct. 1.

Ship leasing company Danaos took delivery of its 42nd containership, the CMA CGM Moliere with a capacity of 6,500 20-foot equivalent units, adding new capacity even as ocean carriers around the w

A German government committee delayed a decision on $1.8 billion of state-backed loan guarantees to ocean carrier Hapag-Lloyd due Sept. 30, to address questions raised by lawmakers.

German lawmakers are expected to approve $1.8 billion of state loan guarantees for Hapag-Lloyd, the country's largest ocean container carrier.

The fleet of idled container ships controlled by charter ship-owners reached a record high in September and exceeds the number of unemployed vessels controlled and operated by ocean carriers for the f

Maersk Line is making some major changes in its trans-Atlantic services.

The European Liner Affairs Association, a trade association consisting of most of the world’s major container lines, welcomed a decision by the European Commission to extend the antitrust immuni

CMA CGM reached agreement to establish a committee of French, European and international banks that will help it restructure its troubled balance sheet, the company said Tuesday.

APL cut the ribbon Monday on its new U.S. headquarters in Phoenix, Ariz., where it is relocating its Americas staff from its long-time base in Oakland as part of a corporate retrenchment.

Mediterranean Shipping Co. will transfer its vessel calls at the Port of New York and New Jersey from Maher Terminals to the adjacent Port Newark Container Terminal, effective Oct. 1.

Container shipping consortia will be exempt from European Union competition rules for five years past the current deadline, the European Commission said Sept. 28.

The German government is ready to provide Hapag-Lloyd with state loan guarantees worth $1.759 billion, a government official told Reuters on Monday, speaking on condition of anonymity.

MOL expects an operating loss of $146 million in the six months ended Sept. 30, it said after the market closed on Sept. 25.

French ocean carrier CMA CGM is meeting with creditor banks and French finance ministry officials in Paris Sept. 25 to discuss its financial situation.

Zim, the beleaguered Israeli ocean carrier, reached an understanding with a Korean shipyard to delay the delivery of four 10,000-TEU container ships by up to five years, in a major boost to its restru

Maersk Line may reverse its decision to leave the Port of Charleston at the end of 2010 if the South Carolina State Ports Authority can seal an agreement under discussion this week, the port's new chi

Zim Integrated Shipping Services unilaterally decided to cut all of its long-term charter hire payments to ship owners by 35 percent for three years starting Sept.

Evergreen Lines said it will apply its general rate restoration program to eastbound shipments starting Oct.

Hong Kong-based Orient Overseas Container Line on Sept. 22 announced another in a series of “rate restorations.”

Mediterranean Shipping on Monday announced rate increases that will take effect Oct. 19 from Mexican Gulf ports to ports in the Caribbean.

Hanjin Shipping plans to launch two new vessel-sharing agreements with services covering the Far East, India and the Middle East in November that will replace an existing Hanjin loop.

Eivind Kolding, the CEO of Maersk Line, will deliver the keynote speech at The Journal of Commerce’s 2010 Trans-Pacific Maritime Conference in Long Beach on March 1, the JoC Conferences Division

OOCL took the container liner industry's "rate restoration" drive to China-Australia trade lanes, announcing increases on shipments from Hong Kong, Macau and South China to Australia.

A.P. Moller-Mærsk recruited a new chief financial officer from outside the group, and from outside of Denmark, an unusual move for a company that usually grows its own executives.

Evergreen Line said it has filed rate increases with the Federal Maritime Commission on all shipments moving from Puerto Rico to Europe, whether moving from or via the U.S.

South Korean carriers Hanjin Shipping and Hyundai Merchant Marine said Monday they will exchange slots on two of their trans-Pacific services starting in October.

China Ocean Shipping Co. announced a peak season surcharge of $400 per 40-foot container and $320 per 20-foot container on all cargo moving from the Far East and Indian subcontinent to the U.S.

CMA CGM expanded its “rate restoration” program Thursday, announcing new price increases on shipping between Europe and India and Pakistan.

The average spot rate jumped 10.3 percent this week for shipping a 40-foot container from Hong Kong to Los Angeles, according to Drewry Shipping Consultants weekly survey of spot market prices paid by

Just eight days after raising the rates on eastbound cargo shipped from North Europe and the Mediterranean to Asia, CMA CGM announced a rate increase in the opposite direction.

A Maersk Line container ship, the Maersk Kendal, ran aground today at the Sebarok Beacon, less than a kilometer south of Sebarok Island and nine kilometers south of Singapore, the Maritime and Port Au

Hanjin Shipping announced Wednesday a decision by the board of directors to divide the company into a holding company, Hanjin Shipping Holdings Co., Ltd., and an operating company, Hanjin Shipping Co.

Marad says the time has come to separate the liners from the bulkers.

The growth in the world container ship fleet will slow this year to the lowest rate this decade as ocean carriers defer deliveries of new vessels and boost scrapping of older tonnage to record levels.