Container lines

OD Global and Hanjin Shipping are partnering in a less-than container load service from China to the United States to speed international transit times.

The top executive of China Ocean Shipping Co. said recovery of the container shipping trade depends on revival of U.S.

Emirates Shipping Line plans to implement a general rate increase on the trade from the Indian Subcontinent to East Africa.

China Shipping Container Lines’ profit fell 99 percent in 2008 from the year before, the company reported.

London -- Germany's Hapag-Lloyd boosted 2008 operating profit by 19 percent from a year ago but warned lower volumes and weaker freight rates will lead to a "considerable decline" in 2009 ea

Zim Integrated Shipping Services entered a cooperation agreement with the Grand Alliance on the service from South China to the U.S. East Coast via the Panama Canal.

Orient Overseas (International), parent of OOCL, reported that its profit plummeted by 89 percent for the year ended Dec. 31.

Japan will apply the tonnage tax system to 10 domestic ocean-going shipping companies over five years from fiscal 2009, which starts in April.

London, March 23 -- TUI closed on the sale of ocean carrier Hapag-Lloyd to a group of Hamburg-based investors after making several costly concessions to salvage the deal.

CMA CGM said today it is canceling one of its all-water services between Asia and the U.S.

Hamburg Süd said it christened the first Argentine-built ship in its 137-year history on Sunday in Buenos Aires.

Maersk Line capped the coldest winter for ocean carrier profits by firing a warning shot on rates across the bows of other carriers.

Whether it was slumping trade volume, the deepening global recession, individual circumstance or a combination, the last year brought some reshuffling among the ranks of the world’s largest cont

London -- Container ship charter rates have plumbed new lows as ocean carriers trim their fleets and press ship owners for deeper discounts amid slowing cargo volumes and sagging freight rates on most

Maersk Line announced plans to implement a rate increase for the trade moving from Australia to North and Southeast Asia.

NYK, &ldquo;K&rdquo; Line, Pacific International Lines and Hyundai Merchant Marine said they will launch a joint service between the Far East and the east coast of South America starting in mid-June.<

The CEOs of the container shipping lines in Transpacific Stabilization Agreement said Tuesday they will try to ensure service contracts for the 2009-20

The National Shipping Company of Saudi Arabia will add its inaugural call at the Port of Charleston to its North America service during the week of March 30, the South Carolina State Port Authority sa

Sea Ocean International, a Jamaican shipping line, will launch a dedicated weekly container service between Miami and Kingston with its first departure from Miami on March 20, according to South Flori

Member lines of the Asia-Australia Discussion Agreement announced plans to implement a rate increase, as part of a rate restoration program.

French ocean carrier CMA CGM will take delivery on March 18 in South Korea of the world's first containership fitted with an oil recovery system designed to prevent marine pollution.

London -- Idled ocean container capacity hit a new high of 1.41 million TEUs, or 11.3 percent of the world fleet on March 16, with 484 ships lying at anchor as carriers continued to retrench amid decl

United Arab Shipping will increase rates on several trade lanes, as part of a rate restoration program.

Delmas, the CMA CGM Group subsidiary that specializes in the African trade, has started calling at the West Africa Container Terminal in Onne, Nigeria, APM Terminals said today.

NYK Logistics (Americas) has named Timothy J. Nolan as the position of senior vice president and general manager of its non-vessel-operating common carrier and customs house brokerage division.

StreamLines, a subsidiary of Belgium&rsquo;s Seatrade Reefer Chartering, added calls at the Port of Felixst

Hamburg Sud is increasing freight rates on the westbound trans-Atlantic services as of April 10, the carrier announced.

Maersk Line announced a change in the port rotation of its weekly Scan-Med Service linking North Europe and the Mediterranean, effective in April.

London &ndash; NYSE-listed Danaos, one of the world&rsquo;s biggest containership charter owners, breached loan covenants and is delaying delivery of ten vessels even though earnings and revenue growt

Maersk Line changed the port rotation of its weekly Euromed Service that covers the trade between Europe and the Mediterranean.

The 14 container lines that belong to the Transpacific Stabilization Agreement will begin the transition to a new formula for calculating their bunker adjustment factor under their 2009-10 service con

London &ndash; Hanjin Shipping on March 10 said it will increase ocean freight rates on routes between Asia and Europe and across the Atlantic from April 1.

Evergreen Marine, Wan Hai Lines and Yang Ming officially opened two container terminals in ceremonies in Taipei today.

Maersk Line took steps March 9 to seek increases in freight rates on several more of its trade lanes.

London &ndash; Goldenport Holdings, the London-listed container ship and bulk carrier owner, on March 9 reported net income in 2008 gained 50 percent from a year ago on a near 25 percent rise in reven

London -- Maersk Line will idle as many as twenty five medium-sized container ships in 2009 as cargo volumes decline, the head of the world&rsquo;s biggest ocean carrier said.

OOCL is launching on March 9 an Internet-based service that enables customers to choose the ocean service they need, book space for their cargo online and track their cargo&rsquo;s movement through th

Ocean freight rates in the trans-Pacific will fall this year, although not as steeply as they have in the Asia-Europe trade, where some spot rates have hit zero.

London -- Hapag-Lloyd on March 5 named Peter Ganz as chief financial officer two weeks before the world&rsquo;s fifth largest ocean carrier is due to be sold by its German parent TUI.

LONDON -- Maersk Line, the world&rsquo;s biggest ocean container carrier, booked a modest increase in profits in 2008 as cost cuts, improved operating performance and higher freight rates in the first