Container lines

Salvors report that a fire on the container ship MSC Flaminia has been brought under control as a tug continues to tow the stricken ship toward Europe, the ship’s owner said.

Firefighters continue to battle a fire on the MSC Flaminia as the abandoned container ship is being towed from the mid-Atlantic toward Europe.

Mediterranean Shipping Co. will impose a new low sulfur surcharge on import shipments at all U.S. ports on the East, West and Gulf Coasts.

Maersk Line will seek a general rate increase on its services from India to West Africa, starting Sept. 1.

It’s not supposed to work like this. When cargo volumes soften, consumer confidence wanes and vessel capacity increases, ocean carriers don’t raise their freight rates.

Is this the time to invest in the maritime business? Yildirim Group thinks so.

Maersk Line plans to raise its rates on major trade lanes as part of what it calls a new “rate restoration program.”

Spot rates in the Asia-Europe trade lane eased this week, the second consecutive week of decline, as Maersk Line said it is joining other carriers in cutting some capacity in the trade in an effort to

Diana Containerships plans to offer and sell 8.1 million of its common shares in an underwritten public offering.

Hapag-Lloyd plans to boost its rates on various trade lanes, effective Aug. 15, as part of a new rate restoration program.

Chilean carrier CSAV said it moved closer to owning about 40 percent of its container fleet when it took delivery on July 12 of a new containership, the Tirua.

Maersk Line will boost rates on its services from the U.S. to all ports in Australia, New Zealand and the Pacific Islands next month.

The Port of Seattle got good news for a change on Tuesday when Maersk Line renewed its agreement to call SSA’s Terminal 18 at the port.

United Arab Shipping Company has joined other major ocean carriers in announcing a peak-season surcharge on westbound cargo from Asia to North Europe, starting Aug. 1.

The number of pirate attacks dropped by a third in the first half of 2012, led by a decline in Somali piracy, thanks to international naval efforts and the adoption by shipping lines of best managemen

Hapag-Lloyd will raise its rates on services from the Indian subcontinent to the U.S., starting Aug. 15.

One of the 25 persons aboard the ship was reported missing and one has died from burns.

The Port of Charleston got more good news last week when Hamburg Sud announced it will switch calls to Charleston from Savannah in mid-September by its service between Australia, New Zealand and the U

Maersk Line will impose a general rate increase on westbound shipments from India to North Europe and the Mediterranean, starting Sept. 1.

For ocean shipping, unlike trucking and railroads, environmental regulation, not fuel costs, will likely drive the use of natural gas and other alternative energy-powered engines.

Matson Inc.

The fund of the family that controls A.P.

The four carrier members of the CKYH alliance announced plans to cut capacity on the routes from Asia to Europe and Asia to the Mediterranean, where overcapacity has been undermining the rate increase

OOCL reported positive operating results Friday for the second quarter ended June 30, with strong increases in both container volume and revenue.

Mediterranean Shipping Co. will impose a peak-season surcharge on westbound trade from Asia to Europe, starting Aug. 1.

Overall growth in containerized Asian trade has been at a snail’s pace, with imports through the U.S.

German competition regulators approved the acquisition by Sweden’s Stena Line of five Baltic Sea freight routes from German rival Scandlines, accelerating the consolidation of the one of Europe&

Strong iron ore and coal shipments for the steel and construction industries were key in driving traffic on the St.

Singapore-based container carrier APL will seek a general rate increase on trades from India to the U.S., starting Aug. 5.

Having succeeded in raising their freight rates several times since Jan. 1, carriers in the eastbound Pacific will try to secure another rate increase in early August.

Oscar J. Abello, the former president, CEO and chairman of "K" Line America, died on Sunday, July 8, in Pembroke Pines, Fla., where he had retired.

Maersk Line plans to implement a new round of general rate increases in its Asia services that would take effect Aug. 1.

Box Ships Inc.

Cai Mep International Terminal will handle close to 600,000 20-foot equivalent units in 2012, representing 50 percent of the containers moving through the Vietnamese port which has five other terminal

Maersk Line will seek a general rate increase on shipments from India to Latin America, effective Aug. 1. The proposed increase will be $150 per 20-foot-equivalent unit.

French ocean carrier CMA CGM said it is a member of a consortium that plans to bid and invest between 200 million euros and 250 million euros ($250 million-$315 million) to develop and operate a secon

Hapag-Lloyd said it plans to extend a $250 per 20-foot container peak-season surcharge imposed May 1 on Europe-Asia trades through the end of August.

Taiwanese ocean carrier T.S. Lines is joining the China-India Express (CIX) service operated by Hyundai Merchant Marine, effective this month.

The world’s top 20 ocean carriers boosted their container ship fleets by 844,000 20-foot equivalent units in the past 12 months, intensifying competition even as they piled up large losses, acco

Matson Inc.