Container lines

Hanjin Shipping recently announced a rate restoration surcharge plan for its Asia-Europe trade, effective Dec. 16.

Global maritime company Diana Shipping today reported income in the third quarter was $12.3 million, slumping 53.4 percent compared with $26.4 million in the same quarter last year.

French ocean carrier CMA CGM recently announced rate restoration and peak season surcharges.

French ocean carrier CMA CGM booked net income of $371 million for the third quarter, driven by higher freight rates across all trades and higher-than-targeted cost savings.

The world’s container ship fleet has expanded slower than forecast in 2012, but the slowdown will not address the current oversupply of capacity, according to industry analyst Alphaliner.

Container freight shipping company Evergreen Line recently announced a general rate increase for reefer cargo, effective Jan. 1, 2013.

Prospects for nearshoring, which is the transfer of business to a nearby country, have never looked better as U.S. companies turn to Mexico for the production of a variety of industrial and consumer goods.

Honolulu-based Matson today named Ku’uhaku Park its new vice president of government and community relations. He will be responsible for directing the shipping carrier’s government relations and community service activities...

Container shipping lines are posting profits again, but they aren’t ready to celebrate.

A continuing tight labor market in China is rapidly eroding that country’s share of U.S. footwear imports, as other nations like Vietnam are growing, according to a new JOC analysis.

Shippers this week are still struggling to recover import cargo that was bound for the Port of New York and New Jersey at the end of October when Hurricane Sandy forced inbound container ships to unload at other East Coast ports.

Ocean transportation company Seaboard Marine plans to launch a weekly shipping service between the Port of Miami and Puerto Morelos in Mexico, commencing Nov. 15.

Government data showed U.S. steel exports in September were 1.2 million tons, down 9.7 percent from August and 12.8 percent from September 2011, the American Institute for International Steel reported today.

India’s exports during October were valued at $2.3 billion, a decrease of 1.6 percent from $2.4 billion during the same month last year; and imports were $4.4 billion, jumping 7.4 percent year-over-year from $4.1 billion.

The members of the Caribbean Shipowners Association recently announced general rate increases and peak season surcharges for 2013, including rates for Haiti, with the first GRI set to take effect on Feb. 24.

Barge traffic on the Mississippi River between St. Louis and Cairo, Ill., may be restricted or halted in the beginning of December...

Maersk Line swung to a third quarter net operating profit of $498 million from a year-earlier loss of $289 million on higher ocean freight rates, cost savings and a lower fuel bill.

Ocean carrier Cosco Container Lines today announced adjustments for all shipments from the Far East to South Africa and South America’s East Coast, effective Nov. 15.

Container shipping carrier Matson today reported net income in the third quarter was $19.1 million, growing 119.5 percent from $8.7 million in the third quarter of 2011.

The four carrier members of CKYH Alliance will implement a winter service schedule, canceling seven voyages in the current Asia-Mediterranean service from November 2012 through the middle of January 2013.

Global shipping company Diana Containerships has signed a memorandum of agreement with Neptune Orient Lines for the purchase of APL Garnet, a Panamax container vessel.

The glut of global vessel capacity next year and the year after is beginning to look like 2012 all over again, and the bad news is sinking in. “We must learn to live with overcapacities,” Maersk Line CEO Soren Skou told a Hamburg conference in October.