Container lines

APL’s container volume and average revenue per container fell in the period from May 30 to June 26, its parent Neptune Orient Lines said Monday.

Mediterranean Shipping is zigging while its competitors zag, and the numbers prove it.

Container shipping is a chronically unprofitable industry that is ripe for consolidation and awash with speculation about which line will be the next to sink.

When ocean carriers in the eastbound trans-Pacific this month said they planned to raise rates by 50 percent, reaction from retailers and cargo consolidators was swift, if not sharp: It was obviously

OOCL today christened the eighth Panamax class vessel in its line of 16 4,500-TEU vessels that it has ordered from Samsung Heavy Industries.

Fesco – Russia’s biggest ocean container carrier – reported 2008 revenues surged 40 percent from the previous year, but net income plunged 80 percent.

Hapag-Lloyd announced it will raise its rates on the Trans-Atlantic in a series of steps that include an emergency bunker surcharge followed by a two-step general rate increase.

Hanjin Shipping will join APL's Suez Express Service, linking South Asia, the Middle East and the U.S. East Coast, beginning at the end of this month.

Mediterranean Shipping Co., the world’s second-largest container line, plans to scrap more of its older vessels and return chartered ships to keep its overall capacity from growing as it take on new,

Maersk Line was named Sustainable Shipping Operator of The Year in an awards ceremony in London on july 15 that recognized its effort to reduce the environmental impact of its business operations.

The members of the U.S.

The parent of Hong Kong-based carrier Orient Overseas Container Line said revenue plunged 42.6 percent in the quarter ending June 30, and the carrier said it expects the sharp decline in shipping to c

Container traffic handled by major ports in India fell 8.4 percent in the April-June period, the first quarter of fiscal 2009-10, amid signs of improvement in overall traffic movements.

Zim Integrated Shipping Services is sailing against prevailing business winds by adding capacity to its fleet.

Hapag-Lloyd, the world’s fifth largest container carrier, will get approximately $1 billion in financial support from its owners as it seeks additional aid from the German government and lenders

Two shipping consortia that provide services between northeast Asia, Brisbane and New Zealand said today they are cutting capacity on the route by combining their two loops.

Carriers under economic distress are appealing to the mercy of shippers, but it's not having the desired effect.

Chilean carrier CSAV said it has raised $145 million of new capital, most of it in the form of new equity from existing shareholders.

Zim Integrated Shipping Services announced plans to implement a peak-season surcharge on the Asia-Mediterranean-Europe trade, effective Aug. 1 through Oct. 31.

The shareholders of Hapag-Lloyd on Wednesday agreed to provide financial help to the German ocean carrier struggling to survive the slump in container shipping.

Hamburg Sud and Alianca will raise bunker surcharges on their east coast Americas trade routes by US$25 per TEU, starting from the beginning of August, the Shipping Gazette reported.

Evergreen Marine said today it plans to reduce the size of its global container fleet by a sixth over the next four years as it sees no clear signs of an economic recovery.

Shipping lines in the eastbound Pacific announced a huge rate increase effective Aug.

Maersk Line plans to cut the number of berths it leases at Kaohsiung Harbor in southwestern Taiwan because of dwindling business, a harbor official told the Taipei Times.

Mediterranean Shipping Company will expand its Golden Gate Service between Asia and the U.S. East Coast to provide connections to and from India via Singapore and Salalah.

The CKYH Alliance will start direct service between Vietnam and the U.S. East Coast in the middle of August by adding Ho Chi Minh City to the current AWE-4 service.

Ocean carrier executives in the eastbound trans-Pacific were not quite ready to break out the champagne in late June, but they appeared pleased that freight rates had finally hit bottom after a long s

CMA CGM China and CMA CGM Hong Kong Shipping will switch to CNC’s international liner services from the Agnès CHONG group as of Aug. 1.

Hapag-Lloyd, responding to reports that mounting losses are crippling the carrier's finances, denied today it is in talks with the German government for state financial assistance.

If you want to see how the world’s economic axis has shifted, look no farther than the U.S.-North Europe container trade.

Moving to trim down capacity in a tight market, container lines CMA CGM, CSAV and China Shipping Container Lines said Thursday they are combining their direct services between the Far East, Mexico and

A federal court cleared the way Wednesday for the California Air Resources Board to require that ocean vessels use low-sulfur diesel fuel in their main and auxiliary engines within 24 miles of the coa

Cosco Container Lines and Evergreen Marine will combine their existing joint ESA and FAX services linking the Far East, South Africa and east coast of South America into a single new weekly ESA servic

Eimskip, the ailing Icelandic ocean carrier, said it will hand over its North Atlantic shipping operations to its creditors in a $2.2 billion restructuring that involves Yucaipa, a U.S.

Danaos, the largest U.S.

Aries Maritime Transport sold the Ocean Hope, a 1989-built container vessel, to an unrelated third party for a net price of $2.3 million.

A record 300,000 TEUs of container ship capacity is set to be scrapped this year as ocean carriers and charter ship owners face a growing mismatch between supply and demand for tonnage.

DAL Deutsche Afrika Linien announced weekly southbound sailings from Marseilles to the main ports of South Africa beginning July 1.

Container carrier Hamburg Sud’s Australia/New Zealand service recently delivered three Erickson Air-Crane heavy lift helicopters to the Port of Oakland.

Containerized exports through WEST COAST PORTS plummeted 21 percent in the first four months of 2009 from a year earlier, but problems don’t end there for trans-Pacific exporters.