Container lines

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.

Three of the world’s largest ocean carriers, looking to build on the momentum of price hikes that appear to be taking hold around the world, announced new rate hikes on global lanes Tuesday.

Shipping lines that carry U.S. exports to Asia will increase their bunker fuel surcharges on Oct.

CMA CGM and MAERSK Line are combining their respective Brazilian Express Service (Brazex) and North Coast Express (NCX) connecting the East Coast of South America to Central America and Caribbean, eff

As container volume fell through August, average revenue plummeted even further for Neptune Orient Lines.

Shell-shocked by plunging cargo volume and tumbling freight rates in Europe-Asia container trade lanes over the past year, ocean carrier executives are sensing a turning market amid reports some ship

Managing a $20 BILLION COMPANY through the worst economic conditions in half a century may be something like navigating one of the worlds largest container ships through shallow waters, but few people

Hapag-Lloyd will be able to fulfill criteria for loan guarantees to be provided by the German government, according to a report by Reuters.

APL is upgrading its twice-a-week Miami service connecting the United States with Central American ports.

A crew member on a container ship died early Thursday after he fell overboard near the San Francisco Bay Bridge while preparing a portside gangway but not wearing a required life jacket, the company s

Israel Corp., parent of Zim Integrated Shipping Services, announced it will hold a special shareholders meeting Oct.

Mediterranean Shipping Co.

Hanjin Shipping will join an intra-Asia vessel-sharing agreement service that connects India and the Far East as one of the joint operators at the end of September, the company announced Thursday.

Hamburg Süd consolidated its three West Coast liner services at a single terminal in the San Francisco Bay area.

OOCL said it will raise freight rates on its routes from Asia to Australia in two stages beginning Sept. 15.

A.P.