Container lines

Hanjin Shipping is increasing freight rates in its Asia-Mediterranean/North Europe trades beginning June 1.

Effective July 1, 2009, ANL will be implementing a General Rate Increase (GRI) in the southbound trade for both dry and reefer cargo from the U.S.

The three carriers that remain in the Grand Alliance following the withdrawal of MISC Berhad said today that its departure would have no effect on the alliance’s trans-Pacific or trans-Atlantic

HHLA, Hamburg's biggest container stevedore, reported operating profit in the first quarter plunged 45 percent as box traffic slumped 32 percent from a year ago.

Malaysian container carrier MISC Berhad issued a notice to its partners in the Grand Alliance that it intends to withdraw from the group as of Jan. 1, 2010.

Yang Ming Line and Orient Overseas Container Line plan to upgrade their jointly-operated China-Pakistan-Express (CPX) Service, effective May 21.

Norwegian shipping billionaire John Fredriksen has failed to oust the chairman of TUI and launch a probe into the company's recent sale of its ocean container carrier Hapag-Lloyd.

The head of maritime operating giant China Shipping says broad industry indicators suggest the ocean container market will improve in the second half of 2009.

London - Eimskip, Iceland's ailing container shipping and refrigerated logistics company, is selling a majority stake in Containerships, the Finnish short sea box carrier.

DFDS, a leading short-sea shipping line, reported earnings fell 44 percent in the first quarter of 2009 from a year ago as freight volume fell by as much as twenty five percent on its north European r

A. P. Moller-Maersk today announced the promotions of three of its executives in the management of Maersk Line and Safmarine, its container and breakbulk subsidiaries.

Three former Horizon Lines officials and one former Sea Star Line manager were sentenced Tuesday in Jacksonville, Fla., to prison terms ranging from seven to 34 months for their roles in a price-fixin

A.P.

Neptune Orient Lines said today it lost $245 million in the first quarter of 2009, compared to the profit of $121 million for the same period of 2008.

Hanjin Shipping said Friday that it swung to a loss in the first quarter of the year mainly due to lower freight rates and reduced international trade.

Singapore-based Pacific Shipping Trust expects to maintain revenue in its second quarter as it is not planning to buy any ships, but it may face lowered charter rates for two of its vessels.

Malaysian carrier MISC Berhad posted a 76 percent drop in profit for its fourth fiscal quarter ended March 31.

Maersk Line and CMA CGM said they will start a new joint service linking North Asia and Black Sea on May 20.

Hapag-Lloyd, the German container shipping line, swung to a loss of $302 million in the first quarter of 2009 from a $24.5 million profit a year ago on double digit declines in cargo volumes and freig

Orient Overseas Container Line, Tokyo Senpaku Kaisha and COSCO Container Lines agreed to operate a new joint service, the Middle East Express.

Container ship charter rates plunged to historic lows and are set for further steep falls in the coming weeks as ocean carriers prepare to return scores of hired vessels to their owners in a bid to sh

Somali pirates hijacked the MV Victoria Tuesday afternoon off the southern coast of Yemen for the second time in a year.

The U.S.

Maersk Line, extending its bid to reverse a slide in ocean pricing, today announced rate increases on its services from Northern Europe to North Africa and the Mediterranean as well as from Asia to th

In a welcome turn of events for the beleaguered Port of Charleston, Mediterranean Shipping Co.

A.P. Moller-Maersk is calling for creation of a secure maritime corridor off the coast of eastern Somalia to protect vessels against the surge in pirate attacks.

A.P. Moller-Maersk Group reduced its CO2 emissions by 9 percent in 2008 compared with 2007.

Hyundai Merchant Marine will introduce two services in May and June, connecting China to the U.S. East Coast.

Alexander & Baldwin, industrial real estate operator and parent of Matson Navigation, earned a profit for the first quarter of $3 million, a 93 percent slump compared with earnings of $42.1 millio

China Shipping Container Line will operate eight of its own ships and add Norfolk as a port on an Asia-to-East Coast service that it previously operated jointly with CMA CGM.

John Fredericksen, the billionaire shipowner and dissident investor in TUI AG, is gathering support to oust TUI Chairman Juergen Krumnow at the annual general meeting of Europe’s largest tour op

CMA CGM will introduce a new service linking North Europe, Greece and Turkey with the first vessel leaving Hamburg on June 1.

When the NYK Line ship Nebula approached the Port of New York and New Jersey on March 8, the ship had a problem. It was riding too high in the water to pass beneath the Bayonne Bridge.

London - Global Ship Lease, a leading containership charter owner, said it is talking with its bankers about amending terms of an $800 million credit facility.

Looking to focus more on cargo business in the downturn, A.P.

Maersk Line, expanding its bid to raise prices, posted a series of rate increases today on its service from Asia to Latin America that will take effect on June 1.

Carriers in the Asia-Australia Discussion Agreement announced plans to raise their bunker surcharges for cargo moving from China and Hong Kong to Australia.

APM Terminals said Friday it will participate in the consortium led by Bolloré Africa Logistics that has a contract to develop a new deepwater container terminal at the Port of Pointe-Noire in

Mediterranean Shipping Co.

A majority of the attendees at The Journal of Commerce's 9th annual Trans-Pacific Maritime Conference don't foresee an economic recovery for at least another year, according to live poll questions ask