Container Shipping News

Rising volume was not enough to offset a sharp fall in freight rates that dragged Maersk Line to a third-quarter loss of $116 million.

For decades, the Japanese lines have competed fiercely for their share of the container market, but that has ended with the agreement to merge liner operations.

The judge hearing Hanjin Shipping bankruptcy motions in the United States has rejected a request by retailer Ashley Furniture to set up an “administrative freeze” on freight payments it owed to the carrier.

Hapag-Lloyd has filed concessions to European Union competition regulators to secure approval for a planned merger with the United Arab Shipping Company.

Maersk Line will announce its third-quarter results on Nov. 2, the first set of financials by the world’s largest container line since CEO Soren Skou outlined a strategic review of the group in September.

A merged NYK Line, “K” Line, and MOL would be the dominant mover of containerized goods from Asia to the United States if operations were to begin today.

Japan’s Big Three container lines downgraded their full-year earnings forecasts and said they expected record losses as their fiscal first-half results illustrated the financial difficulties that motivated their Monday announcement they would merge.

Rickmers Maritime Trust plunged to a net loss in the third quarter from a profit a year earlier.

Container lines face “huge” headaches as they seek routes to deploy vessels made redundant on the Asia-Europe trade lane.

With no turnaround for container shipping in the foreseeable future, the three largest Japanese shipping companies are merging.

Three Japanese lines seek scale benefits in move to merge container divisions.

Some shippers will have to pay premiums to get on vessels during this late peak season.

Hyundai Merchant Marine is one of five bidders for the trans-Pacific and intra-Asia networks of bankrupt Hanjin Shipping.

The operational update of Orient Overseas Container Line is a perfect reflection of the dismal operating environment container lines are trapped in — more cargo is being carried on major trades for less revenue.

Spot rates on Asia-Europe and Asia-Mediterranean surged upwards, continuing a trend of rising price levels since the record lows recorded in March.

Trans-Pacific eastbound spot rates are building despite the “unpredictable” market, but the Hanjin effect is ebbing.

Shippers may end up paying higher rates via fuel surcharges depending on how well the oil industry can meet demand for low sulfur fuel.

The fleet of idle container ships is racing to an all-time high.

Anxiety over the staying power of container lines after the Hanjin Shipping collapse is thick among beneficial cargo owners, vendors, and the container lines.

Star Reefers sank into the red in the third quarter as the Norwegian refrigerated shipping line faced intense pressure from container lines.

A federal judge on Tuesday allowed a chassis company to terminate leases with Hanjin Shipping.

Costamare said it has delayed the delivery of four container ships.

Multiple calls by large vessels on certain days of the week, known as vessel bunching, are straining the equipment and labor resources at US ports and presenting a growing threat to productivity at container terminals.

Fesco’s revenue and earnings are still in freefall as Russia’s leading ocean and intermodal rail container operator struggles with a flatlining domestic economy.

A recent spike in the container spot market has given carriers improved pricing power, with shippers resigned to paying higher rates in their 2017 service contracts.

The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.

Creditors of Hanjin Shipping have just four days to make a claim against the troubled carrier.

US importers are riding an increase in rolled cargo, as trans-Pacific eastbound spot rates hold at levels at twice that of some contracted prices.

A group of Asian container lines is injecting capacity into the Asia-Australia trade.

Spot rates remained flat this week ahead of a range of rate increases planned by the container lines.

The court is hearing issues related to the bankruptcy filing by Hanjin Shipping, which left its more than 90 ships and 500,000 containers around the world in limbo.

Maersk Line has resumed calls to Iran after a five-year hiatus.

A Hanjin ship just released from arrest outside the Panama Canal is one of two expected to stop at the Port of New York and New Jersey in the next week.

The Panama Canal Authority said increased rainfall has permitted an increase in maximum allowable drafts at the canal’s new locks.

Seatrade's order underscores the strength of the reefer market.

CMA CGM has signed a memorandum of understanding to promote liquefied natural gas as the marine fuel of the future.

The attorney for a fuel company with a lien for services provided to a ship operated by Hanjin Shipping has accused attorneys for the carrier of failing to report when the charter for the vessel was terminated.

Eimskip’s acquisition spree continues with the purchase of a Netherlands-based forwarder.

The big winner of a recent summit between Brazil, Russia, India, China, and South Africa is likely to be refrigerated shipments out of Brazil.

Container shipping is set for a gradual recovery after hitting bottom with the collapse of Hanjin Shipping, but the road ahead is anything but smooth.