Container lines

When the Environmental Protection Agency last week declared an offshore zone to control air pollution from ocean shipping, it was one of those rare occasions when everyone from the American Lung Assoc

Zim Integrated Shipping Services swung to a $322 million loss in 2008 from a year-earlier profit of $23 million on higher fuel bills, a write off for reduced ship values and reduced fourth quarter car

Evergreen Line announced plans to upgrade its Far East-Panama Service (FPS) with improved transit times to Central America, the Caribbean and South America West Coast.

A lot has changed at South American ports in the few months since the global recession struck.

Maersk Line Limited is swapping nine of its 19 container ships in the Maritime Security Program for newer and more efficient vessels, the Maritime Administration announced Friday.

Eimskip, the struggling Icelandic container shipping and logistics group, lost $54.3 million after tax in the first quarter of 2009 compared with $52.5 million a year ago as revenue slumped by nearly

Container volumes at West Coast ports took an especially troubling dive in February and every major gateway felt the pain.

Neptune Orient Lines reported April 2 that its 2008 profit plunged by 84 percent from the previous year on revenue that increased by 14 percent as container volume dropped sharply in the last quarter

CMA CGM said it is increasing its freight rates on eastbound trade between ports in the Mediterranean and the U.S. East Coast as of May 1.

Maersk Line announced it will implement a commodity general rate increase for the trade moving from Europe to Asia.

Beginning May 1, MOL's Gator Guarantee will provide a service guarantee on the company's own vessel strings, the Pacific Southwest Express and Japan-American Shuttle.

Evergreen Group founder Chang Yung-fa said Tuesday that Evergreen Marine, his group's container shipping line, will reregister a number of its ships back under the Singapore flag after having pulled t

London -- The number of laid-up container ships stabilized over the past fortnight, breaking five months of steep increases, as ocean carriers re-activate idle vessels with the onset of the spring car

The number of foreign trade containers handled by the Port of Tokyo rose for the second consecutive month in October last year on a year-on-year basis, increasing 3.4 percent.

The Environmental Protection Agency on March 30 proposed creation of an emissions control area that would require ships to burn cleaner fuels within 230 miles (200 nautical miles) of U.S.

Maersk Line will raise freight rates in the trade from North America to the Middle East and the Indian Subcontinent.

Taiwan’s Evergreen Group said today it is forming a joint venture with its present agency in South Africa, Green Africa Shipping to establish a new agency that is called Evergreen Agency (South

APL’s container shipping volume plunged 21 percent and average revenue per 40-foot container dropped 16 percent in the four weeks from Feb.

Business conditions in the eastbound Pacific trades are deteriorating so rapidly that carriers will try to prevent the lowest of low-ball spot market rates from becoming de-facto contract rates.

Hamburg Süd will overhaul its Trident Service between Europe, Australia and New Zealand starting in May to cut network costs in the face of changing market conditions.

Maersk Line plans to implement a new round of rate increases for the trade moving from the United States and Canada to the Mediterranean.

From JOCsailings

Maersk Line announced its Singapore-based subsidiary, MCC Transport, is implementing a rate restoration on intra-Asia services.

Yang Ming Line took delivery of the new 8,200-TEU YM Uniform and the 4,250-TEU YM Eternity, at a ceremony at Kaohsiung Shipyard of CSBC Corp., on March 24.

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.

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

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

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.<