Container lines

Maersk Line will make several changes in its trans-Pacific services in September and October as it adjusts capacity to lower demand and tries to push rates back up to what it described as sustainable

United Arab Shipping will launch a container service called the IEC2 linking the Indian Subcontinent, the Arabian Gulf and North Europe, starting in mid-September.

The city state of Hamburg on August 25 agreed to an additional capital injection for Hapag-Lloyd, boosting the ailing ocean container carrier's chances of securing $1.7 billion in loan guarantees from

Israel Corp.’s recovery plan for Zim Integrated Shipping Services suffered a setback after management failed to get shareholder approval for a $100 million cash infusion for the struggling ocean

Three container lines will suspend a joint service between Asia and the U.S.

After years spent boosting their fleets and adding new services, ocean container carriers are reducing the number of ships in service as cargo volumes shrink across their global liner networks.

CMA CGM pushed the ocean container line industry’s price hikes into new Australasia lanes Monday, announcing sharp rate increases for the region’s trade to and from Europe.

Maersk Line on Aug. 24 warned rival ocean container carriers it is prepared to fight a rate war to defend its market share.

Goh Teik Poh has been traveling throughout Southeast Asia during the last six weeks, visiting customers and forwarders in Vietnam, Cambodia, Thailand, Malaysia and Bangladesh.

Maersk, the world's biggest ocean container carrier, swung to a $402 million second quarter loss from a year-earlier profit of $198 million as cargo volume and freight rates plunged deeply across its

Evergreen Line is adding the Far East and Indian Sub-Continent to Mediterranean Westbound Trades to its list of trade lanes to get a general rate increase as the peak season approaches and other ocean

CMA CGM carried the shipping world's rate hiking efforts to two more trade lanes on Wednesday, announcing price increases on container business from Asia to North Europe and between Asia and the Medit

The container ship order book is down to its lowest point since 2005 as ocean carriers and charter ship owners impose a buying freeze in a bid to rein in capacity amid plunging freight rates and shrin

The Asia to Chicago and Memphis container traffic of the Port of Prince Rupert, British Columbia, and its sea and rail partners, is on an upswing other North American ports have yet to experience.

Average spot rates for shipping a 40-foot container from Hong Kong to Los Angeles grew 5.5 percent in the week ending Aug.

Shipping industry analysts expect A.P. Moller-Maersk, parent of the world’s largest container line, to report a steep net loss when it reports its financial results this Friday.

A.P.

CMA CGM carried the shipping world's rate hiking efforts to a new market Tuesday, announcing price increases on container business between Europe and the Indian sub-continent.

Neptune Orient Lines container shipping volume grew to its highest level this year in the monthly period ending July 24, growing 8.8 percent from the previous reporting period and providing a new sign

Emboldened by improving vessel utilization under steep capacity cuts, carriers in the eastbound Pacific are warning cargo consolidators: If you don’t agree to pay higher freight rates, securing space

A.P.

French carrier CMA CGM will implement a general rate increase for cargo moving on its services from India to destinations in West Africa, effective Sept. 1.

Rickmers Maritime Trust, the Singapore-based containership owner and charterer, said its profit for the second quarter ended June 30 dropped 43 percent to $5.33 million from $9.2 million in the same q

The owners of Hapag-Lloyd, the cash-strapped German shipping line in which TUI AG is the biggest shareholder, have reached an agreement on additional funding, according to Bloomberg news, citing a per

The 8,400-TEU container ship Zim Los Angeles made its first call at the Port of Seattle, demonstrating that ocean carriers see the Pacific Northwest as a viable gateway for mega-ships.

Troubled Chilean carrier CSAV reported a loss of $412.6 million in the first half of 2009 compared to an $18.3 million profit in the same period last year on declining volumes and freight rates.

As Hapag-Lloyd reported a second-quarter loss, the troubled German container line’s owners reportedly reached agreement on a financing package for it.

Hanjin Shipping said it is raising freight rates on four trade lanes from various parts of Asia to Europe and the Mediterranean as of Sept. 1.

Thomas Thune Andersen, the chief executive of Maersk Oil and former president and CEO of Maersk in the U.S., will leave his position as CEO of Maersk Oil and partner of Firmaet A.P.

The index of average spot prices for shipping a 40-foot container from Hong Kong to Los Angeles jumped by 57.4 percent in the week ended Aug.

NYK Line will implement a general rate increase for all dry and refrigerated containers to and from U.S. and Canadian ports to all port in Northern Europe as of Sept. 14.

TUI is preparing to give a further $595.9 million to its former shipping unit Hapag-Lloyd, several people familiar with the situation told Reuters on Monday.

The first ship to call at the Port of Seattle's new Terminal 30 arrived on Saturday, the Port Authority said.

Hamburg Süd and its Brazilian affiliate Aliança plan to merge their Tango service with CSAV’s USAtlan service to reduce capacity on the trade lane between the U.S.

French carrier CMA CGM will join Mediterranean Shipping Company as a vessel operator in a trans-Atlantic loop at the end of September in an effort to match capacity to dwindling demand.

CMA CGM Group will increase freight rates in the trans-Pacific and trans-Atlantic trades, effective Sept. 1, the company announced Monday.

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When Maersk Line and Mediterranean Shipping Co., the world’s two largest container lines, announced rate increases on major lanes within a week of each other, the stateme

Operating profit for Wilh. Wilhelmsen increased 5 percent to $78.3 million in the second quarter, compared with the comparable period a year ago.

Mediterranean Shipping Co.