Container Shipping News

Hapag-Lloyd fell to a $31.8 million loss after interest and taxes in the first quarter despite an improvement in operating results and the German ocean container carrier said it would seek new rate in

The members of the Caribbean Shipowners Association are postponing the scheduled increase in their bunker surcharge from Sunday, May 15 to Sunday, May 29, 2011.

Crowley and Seaboard Marine, members of the Florida-Bahamas Shipowners and Operators Association, plan to increase rates by $100 per 20-foot equivalent units.

OOCL is adding vessels to its two weekly services on its SBX network among Baltic ports this month.

Costamare, the acquisitive NYSE-listed container ship owner, ordered five vessels for long-term charter to Taiwanese ocean carrier Evergreen.

Dubai’s DP World said it is on track to list its shares on the London stock exchange within a month as it announced first quarter throughput jumped 12 percent from a year ago.

Maersk Line said it will increase rates on cargo shipped from India and Sri Lanka to East Africa.

A.P. Moller-Maersk boosted first quarter net profit 82 percent from a year ago to $1.2 billion, driven by higher container freight rates, growing shipping volume and rising oil prices.

Ocean container lines may take another year or longer to complete the process of dropping chassis from the U.S.

Maersk Line is increasing its emergency risk surcharge for transporting containers through the pirate-infested waters vof the Gulf of Aden and the Indian Ocean.

The Panama Canal Authority and the Soy Transportation Coalition signed a memorandum of understanding aimed at fostering and forecasting trade flows in a major U.S. agricultural export commodity.

Box Ships, a New York Stock Exchange-listed container ship owner based in Greece, took delivery on Tuesday of its third vessel and placed the ship with Chilean carrier CSAV.

Container ship owner-charterer Seaspan took delivery of its 60th ship, which has been chartered to “K” Line.

Ocean container carriers are levying record bunker fuel surcharges on shipping lanes between Asia and North Europe route, an industry analyst says.

Container traffic at major ports in India grew a mere 2 percent in April compared with a year earlier, according to latest traffic figures released by the Indian Ports Association.

Diana Containerships is planning a public offering of up to $172.5 million to pay down debt and build its fleet of container vessels.

The Containerization and Intermodal Institute will give its latest Connie Award for accomplishments in the shipping industry to Richard D.

Container service reliability declined for the second quarter in a row during the first quarter of 2011, according to Drewry Maritime Research’s latest “Schedule Reliability Insight”

The main goal for many U.S.

The Indian Navy and Coast Guard Thursday rescued a Chinese merchant ship that had been attacked by Somali pirates in the Arabian Sea.

Orient Overseas Container Line is raising rates on Asia-Europe trade lanes as part of what it calls a new “rate restoration program.”

2003 — Horizon Lines formed as separate company when CSX sells its subsidiary to The Carlyle Group.

Maersk Line in April imposed general rate increases and reefer charges on several trades in reaction to what it says is a “severe shortage of reefer containers during the reefer season.”

United Arab Shipping received its first 13,500-TEU vessel, part of an order of nine so-called A13 vessels from South Korean shipbuilder Samsung Heavy Industries.

Multiyear contracts underpinned by adjustable freight rates are moving into the Asia-Europe trade and may reach the trans-Pacific next year.

China’s demand for bulk commodities has determined the fundamental trend of the dry bulk shipping market.

Japan&rsquo;s three largest ocean carriers expect lower profits this year because of higher fuel prices, uncertain bulk and car carrier markets, and the impact of the March 11 earthquake and tsunami.<

Ocean World Lines, a subsidiary of Pacer International, says it has a new program to help U.S. apple growers increase exports and meet increasing overseas demand.

It&rsquo;s a strange anomaly that in this environmentally conscious, time-is-critical age when most trade processing is handled by computer, vessel operators still file manifests for ships leaving U.S

Embattled Horizon Lines says it is facing a &ldquo;challenging&rdquo; year for its operations even after dodging a debt default and bankruptcy filing thanks to a timely assist from the Justice Departm

Container lessor Textainer reported higher first quarter profit and said it invested $506.5 million on new dry and refrigerated containers to be delivered during the first half of this year.

Container ship owner-charterer Danaos reported a profit of $5.4 million in the first quarter, according to the company.

Like the bottom lines of ocean carriers that mostly returned to the black, volume at most of the Top 25 North American ports turned positive last year as the global container trade rebounded from the

Growth during the 2010 trade and economic recovery was rapid at ports up and down the North American coasts, but even the fastest-growing ports in the U.S.

Diana Containerships, a majority-owned subsidiary of the Greek dry bulk shipowner Diana Shipping, posted first quarter profit of $256,829, reversing a loss of $236,682 in the first quarter of 2010.

CMA CGM will start a new service linking Asia, Indian Ocean Islands and South Africa on Sunday May 8.

Container traffic through India&rsquo;s Port of Jawaharlal Nehru (Nhava Sheva) fell 3 percent year-over-year in April, the first month of fiscal 2011-12, according to latest traffic figures released b

The volume of containers handled by the Port of Wilmington, N.C.

Pirates seized a bulk cargo carrier with 24 Chinese crew members and damaged a container ship owned by Evergreen Marine&rsquo;s Italia Marittima in separate incidents Thursday in the Arabian Sea.

China Shipping Container Lines and United Arab Shipping Company entered a slot swap agreement for their services operating on Asia-Europe trade routes.