Container lines

Average eastbound trans-Pacific spot rates fell 1.8 percent this week, as slack seasonal demand further undermined the rate increase that carriers implemented as of Jan. 1.

Malaysian shipping group MISC Berhad blames its withdrawal from container shipping for a $405 million loss in the nine-month period ended 31 December.

Four ocean carriers are teaming up to jointly launch a new service between ports the U.S. East Coast and Brazil in March.

APM Terminals profit declined 18 percent in 2011 to $649 million from $793 million a year ago, but the container terminal operator expects gains in market share will improve results in 2012.

CMA CGM will trim its network of all-water services between the Far East and the U.S. Gulf and East Coast at the end of March.

Maersk Line will remain in the red this year after slumping to a $602 million loss in 2011 from a record $2.6 billion profit in 2010, said A.P.

Drewry Shipping Consultants estimates the international shipping industry contributes about 3.3 percent of the world’s carbon dioxide emissions, part of an enormous impact from global freight tr

A decade ago, Hapag-Lloyd operated in the rarefied air along with the world’s most profitable global ocean carriers.

After three years of boom and bust, Chile’s CSAV hopes a new business model and $1.2 billion in fresh capital will provide smoother sailing for South America’s largest container line.

OOCL will implement a general rate increase on trans-Atlantic cargo moving via Canadian ports, starting April 1.

Hapag-Lloyd plans to make Baltimore its first westbound call in the U.S. on its weekly Gulf of Mexico Express from North Europe to U.S. and Mexican Gulf ports.

Maersk will raise its rates on containerized shipments from India to South Africa, starting March 12.

Maersk Line will hike westbound rates on the Asia-Europe trade lane a further $400 in April, as the world’s largest carrier announced on Friday the second rate increase of the year on the depres

The state of New York has backed away from plans to impose stringent ballast-water standards that industry officials said threatened vessel commerce to New York-New Jersey container terminals and the

An MOL container ship collided with another container ship owned by Cosco on Wednesday southeast of Hong Kong.

Spot freight rates on the westbound Asia-Europe trade lane rose 3 percent this week from the week before after Maersk Line announced plans to reduce vessel capacity on the route by 9 percent.

OOCL and Regional Container Lines are teaming up to start a vessel-sharing service between China and Thailand in March.

The decision by Maersk Line not to exercise an option to order another 10 mega-containerships with capacities of 18,000 20-foot equivalent units was no surprise considering overcapacity on the Asia-Eu

APL’s parent NOL Group lost $478 million last year, reversing a $461 million profit in 2010, as high fuel costs and lower freight rates produced “disappointing” results for the conta

Maersk Line imposed a new round of general rate increases on its Far East Asia services, effective March 15.

A bitter diplomatic confrontation appears to be brewing between India and Italy over the arrest of two Italian armed ship guards in Cochin who are accused of killing two Indian fishermen.

Diana Containerships said it took delivery on Feb. 17 of the APL Sardonyx, a container ship with a capacity of approximately 4,750 20-foot equivalent units.

Mediterranean Shipping is set to significantly increase its share of Asia-Europe container traffic in 2012 at the expense of market leader Maersk Line, according to Alphaliner.

Mediterranean Shipping announced it will increase all freight rates on its eastbound service from Asia to the U.S. and Canada on March 15.

Middle East carrier United Arab Shipping imposed a two-phase general rate increase on trades from Asia to the U.S. East Coast.

Indian authorities on Sunday arrested two armed security guards aboard an Italian merchant ship who are accused of killing two fishermen off the country’s southern coast of Kerala on Feb.

Then the world’s largest ocean carrier launched its Daily Maersk service last fall, it set in motion a series of events that are radically transforming the world’s largest and most deeply

A funny thing happened on the way to the 2014 completion of the new Panama Canal locks. The volume of containers moving from Asia to U.S. East Coast ports via the Suez Canal took off.

The Federal Maritime Commission, in perhaps the most extensive study in its 50-year history, concluded the European Union’s 2008 repeal of antitrust immunity on liner conferences had minimal imp

OOCL on Friday said it will raise freight rates on containers moving on the eastbound backhaul leg from North Europe to Asia as of March 15.

Maersk Line’s new direct service between Indonesia and Australia is a major coup for the port of Tanjung Priok, which handles more than half of Indonesia exports but has struggled to attract mai

Maersk Line said it is cutting vessel capacity on the Asia-Europe route by 9 percent in a bid to boost flagging freight rates and restore profitability but vowed to defend its market share on the worl

U.S. shippers have been relatively unaffected by the European Union’s 2008 decision to outlaw liner conferences, according to a two-year Federal Maritime Commission study released Thursday.

Chilean carrier CSAV has issued $412 million in new stock to complete a $1.2 million capital increase that is a key element in the company’s restructuring.

St. Lawrence Seaway officials expect strong traffic in the 2012 navigation season, starting March 22, as foreign demand for North American iron ore and coal grows.

Spot freight rates on the westbound Asia-Europe trade dropped by 3.2 percent this week from the week before as the euro crisis continues to depress demand and vessel overcapacity blunted carrier effor

Shipping Corporation of India’s third quarter net profit fell 40 percent from a year ago to $15.12 million, as the state-owned ocean carrier’s rising operating expenses offset a revenue ga

Star Reefers swung to a $124 million net loss in 2011 from an $89,000 profit a year ago, as the Norwegian refrigerated ship operator was hit by record low freight rates and increased competition from

Excess vessel capacity and rate wars will doom liner efforts to hike rates on Asia-Europe services, said several shippers and forwarders.

Hapag-Lloyd‘s operating profit in 2011 declined 83 percent to $133 million from $770 million in 2010, but the German carrier bucked an industry-wide trend as one of the very few ocean lines to c