Container lines

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.

One of APM Terminals’ top executives called for greater cooperation between terminal operators and their shipping line customers in “this new environment of slower growth and reduced reven

Evergreen Line on Wednesday announced it will increase freight rates Dec.

Pirates for a second time attacked the Maersk Alabama early Wednesday morning but failed to board it while the U.S.-flag container ship was steaming 500 nautical miles off the northeast coast of Somal

Maersk Line CEO Eivind Kolding is predicting that the container market will return to growth next year and that freight rates may rise as carriers take steps to cut vessel overcapacity.

China Shipping Container Lines and United Arab Shipping entered slot-swap arrangements in the Asia-Middle East trades, starting at the end of this month.

Freight rates in the trans-Pacific will go up in 2010 even though supply-demand economics will most likely not be favorable for ocean carriers, a senior carrier executive said Monday.

The Indamex service, a vessel-sharing agreement between Hapag-Lloyd, NYK Line and OOCL that connects the Indian sub-continent and Eastern Mediterranean with the U.S.

The port of Amsterdam risks disappearing from Europe's ocean container map, as its sole box terminal is about to lose its last major liner shipping service.

Total Terminals International, which operates terminals in Long Beach, Oakland and Seattle, said Monday that Maersk Line will start calling its Oakland terminal with two of its trans-Pacific services

Hanjin Shipping’s quarterly net loss deepened to $338 million in the third quarter ended Sept.

OOCL joined other major carriers in a general rate increase that will apply to all dry shipments from the United States to Hong Kong, Macau and South China.

CMA CGM announced Nov. 12 a general rate increase on freight from the United States and Canada to Australia and New Zealand.

Hamburg Sud christened the fifth new ship in a series of identical 5,900-TEU container ships in Antwerp Thursday, naming it the “Rio Bravo.”

Danish shipping giant A.P.

NYK said Thursday it would raise up to $1.58 billion through a public equity offering to strengthen its balance sheet as it hastens reforms to cope with a global shipping slump.

Charter shipowner Danaos Corp. saw its profit drop by 41.4 percent in the third quarter ended Sept.