Container lines

Orient Overseas (International) Limited lost $231.8 million for the first half of the year ended June 30, compared to a profit of $158.3 million in the same period last year, on lower container volume

Hanjin Shipping lost $325 million in the second quarter ended June 30, almost double its first quarter loss of $191 million, as plunging freight rates and higher expenses offset gains from increasing

Maersk Line said 400 truckers have applied to participate in the chassis pool that the carrier launched this week in the Port of New York and New Jersey and surrounding areas.

Responding to increased demand, Seaboard Marine will employ a larger ship in its weekly Port of New Orleans container service with Latin America.

The world’s three largest container lines said Thursday they are cutting capacity on two trans-Pacific services they operate under vessel-sharing agreements they formed last summer.

Neptune Orient Lines, parent of liner company APL, lost $146 million in the second quarter ending June 30, most of it on steep declines in volume and pricing that left container shipping revenue down

OOCL announced a general rate increase for U.S.

APL Logistics and Con-way Freight are extending to Mexico their OceanGuaranteed service for less-than-containerload cargo from Asia.

Maersk Line said today it will seek rate increases on services to and from West Africa and on services between Asia and Latin America.

NYK Line said today it will issue two sets of unsecured $315 million bonds in a public offering on Aug. 11 to raise cash for its operations.

Reuters News issued a statement today objecting to what it called “erroneous claims” by MOL about quotes it reported in an interview with a senior MOL executive on June 4.

Container volume statistics compiled by Pacific Maritime Association confirm that West Coast ports in the first half of 2009 took a terrible beating, with overall volume falling a combined 20.7 percen

Mediterranean Shipping Company (USA), joining the push by ocean carriers to pump up depressed container shipping price, announced a series of rate increases Tuesday starting Sept. 1 for U.S.

New Jersey clerical employees of Evergreen Shipping Agency (America) remain on the job following the declaration of an impasse in negotiations with the International Longshoremen’s Association o

Klaus Rud Sejling will assume the position as Head of Group Strategy Office in A.P. Moller - Maersk as of Nov. 1, the company announced Monday.

Israel Corp. said it will provide a $350 million cash injection into Zim Integrated Shipping Services as part of a recovery plan for its struggling ocean container shipping unit.

CMA CGM today joined the group of carriers that are attempting to raise freight rates on trans-Atlantic lanes in an effort all carriers are calling “rate restoration.”

Shipping lines that carry U.S. exports to Asia, joining the global rush to raise ocean rates, said Thursday they will seek to prop up freight pricing in the weak westbound Pacific market.

The Federal Maritime Commission is ending its investigation of the Los Angeles-Long Beach clean-trucks program, saying developments since it launched the probe last September have significantly dimini

Standard & Poor's Ratings Services on Wednesday lowered ratings on several types of Horizon Lines’ debt instruments.

Evergreen Line filed a range of rate increases on a number of different commodity exports in the trans-Pacific and the Trans-Atlantic to support what it called “sustainability.”

The Shipping Corporation of India announced its net profit fell 57 percent in its first fiscal quarter compared with a year ago, as the global economic slowdown hit the national carrier.

Maersk Line on Wednesday announced a general rate increase on its Trans-Atlantic services as of Sept. 1.

CMA CGM, Hapag-Lloyd and Hamburg Sud will reduce vessel capacity by combining two of their liner services in August into a new direct service between the East Coast of South America and North Europe.

Hapag-Lloyd on July 28 agreed to sell a stake in a Hamburg container terminal to its shareholders for $447 million in the first part of a $2.5 billion survival package for Germany's biggest ocean carr

Second quarter profit for Athens-based container ship-owner Danaos fell 35 percent from a year ago, but the company said it detected signs of recovery in the ocean container market in the upcoming pea

All three Japanese carriers on Monday reported losses for their fiscal first quarters, ended June 30, and two of them, NYK Line and “K” Line, forecast losses for the full fiscal year.

Matson Navigation earned an operating profit of $21.1 million in the second quarter, a decline of 44 percent below the same quarter last year but an improvement from the $0.5 million operating loss it

The city state of Hamburg, Hapag-Lloyd's second largest shareholder, is due to decide July 28 how much cash to inject into Germany's biggest ocean carrier to help it survive the slump in the container

At its two–hour meeting July 14 with several dozen members of the Association of Bi-State Motor Carriers, Maersk officials faced a number of questions over the broad outlines of its chassis strategy a

While many are looking out for a recovery in manufacturing and trade, the economic strain spreading through the shipping world is moving into a new phase, triggering changes in operations that may las

Evergreen Line and Cosco Container Lines will launch a joint service from Shanghai, China on July 26.

Hanjin Shipping paid the Federal Maritime Commission $440,000 to settle allegations that it violated the Shipping Act of 1984, the commission announced this week.

Horizon Lines said a drop in shipping volume combined with $35.2 million in one-time charges, including $20 million to settle class-action lawsuits in the Puerto Rico trade, to produce a $31.1 million

Hapag-Lloyd and OOCL, extending the capacity cuts by container lines, will combine a joint trans-Atlantic service into a single loop with Mediterranean Shipping Co.’s Canadian Gateway service.

Ocean carrier ZIM will use Da Chan Bay Terminal One in Shenzhen, China for services covering the Asia-U.S.

One-third of all container ships under construction or on order will be delivered late after shipowners and ocean carriers persuaded shipyards to defer deliveries amid a growing glut of capacity.

Hanjin Shipping added its trans-Atlantic services to the growing parade of rate increases announced by ocean carriers, saying it will hike prices on the lanes Sept.

Negotiations for a $1 billion aid package for Hapag-Lloyd fell into a deadlock as its second-largest shareholder balked at injecting more cash into the struggling German ocean container carrier.

CMA CGM, ramping up pressure from carriers to push up beaten-down revenue, today confirmed it will apply a previously announced peak-season surcharge of $150 per 20-foot container on shipments from As