The capital injection from 257.7 million new common stock shares, at 10.18 New Taiwan dollar per share (about $0.34) is the third stage in the company’s recapitalization effort.

Independent container lines increased their combined market share as well as their total volume of imports in the third quarter.

Yang Ming and HMM have said it is too early to confirm whether mega-ships will be included on their order books.

The improved performance came amid preparations by the three companies to merge and operate as a single company.

Debt levels will be targeted by German carrier Hapag-Lloyd's capital increase that was successfully completed on Oct. 16.

US maritime regulators on Thursday voted to allow ocean carrier members of THE Alliance to form an emergency fund.

The five largest carriers in the US import and export trades continue to tighten their grip on the container shipping market.

Carriers have announced blanked sailings in the weeks that cover China's October holidays with demand expected to fall off.

Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.

The positive earnings statements come less than a month after the three established Ocean Network Express.

Japan's three major carriers have officially formed the One Network Express in Tokyo.

The notes will be listed on the Luxembourg Stock Exchange.

Hapag-Lloyd has been taken off Standard & Poor’s CreditWatch.

The decision comes just days before the new joint venture Ocean Network Express was expected to be formed.

US lawmakers have introduced legislation that would expand the powers and the purse strings of the FMC to “oversee and intervene” on behalf of port service providers.

The name of the joint venture container line that will be formed from the merger of Japan's three main carriers has been announced.