The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
16 Oct 2013
Container shipping lines in the Transpacific Stabilization Agreement Westbound section are attempting to set...
09 Oct 2013
Members of the G6 Alliance have withdrawn eight Asia-to-Europe sailings, effective from late October 2013 to February 2014, in response to expected low demand during the winter season.
05 Oct 2013
Christening ceremonies were held Friday in Los Angeles for the APL Savannah, a container ship capable of carrying 9,200 20-foot container units that exemplifies the direction the carrier is taking with its massive vessel order book.
17 Sep 2013
Mediterranean Shipping Co. will challenge Maersk Line as the world’s biggest ocean carrier over the coming four years, as it boasts the biggest order book for new vessels...
09 Sep 2013
United Arab Shipping Company’s order for 10 mega-ships represents the first challenge to the market supremacy of major ocean carriers since Chinese lines...
05 Sep 2013
Members of the G6 Alliance have canceled two voyages scheduled for early October, as a result of vessel maintenance and a national holiday week in China.
21 Aug 2013
The Port Authority of New York and New Jersey has announced that 12 shipping lines and 448 vessels have enrolled in its Clean Vessel Incentive program since it launched on Jan. 1, 2013.
16 Aug 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August, September and October.
09 Aug 2013
New Zealand’s Ports of Auckland will welcome two new services in September, including Mediterranean Shipping Co.’s Capricorn Service, as well as Kiwi International Express...
09 Aug 2013
Neptune Orient Lines Group reported a net loss of $35 million in the second quarter of 2013, compared with a net loss of $118 million in the second quarter of 2012.
05 Aug 2013
The members of the G6 Alliance will modify their trade route between the Far East and the Black Sea or east Mediterranean, starting week 36.