Container lines

Moody’s downgraded some $920 million of CMA CGM’s debt for the second time in three months on Friday, citing the ocean carrier’s weak

Maersk Line is implementing general rate increases on its Far East Asia services to South America and Canada, as part of a rate restoration program.

Hamburg Sud and Seago Line plan to combine three of the services they operate between North Europe and the Eastern Mediterranean into one service with three loops in January.

CMA CGM lost $223.8 million in the third quarter despite revenue rising 2.8 percent year-over-year, squeezing the carrier's net profit to $13.2 million in the first nine months of the year.

The Maritime Administration on Thursday released a set of 11 ship designs that c

Mediterranean Shipping and CMA CGM, the world’s second- and third-largest ocean carriers, announced an agreement Thursday to join forces on key trade routes around the world in a far-reaching pa

Alphaliner expects most container shipping lines to lose more money in the fourth quarter than they did in the third quarter, as the industry suffers from weak demand and lower rates.

Global Ship Lease said its bankers agreed to waive for a further year a requirement that the container ship-owner’s loans cannot exceed 75 percent of the value of its charter fleet.

Hanjin Shipping joined other carriers trying to boost pricing on the deeply troubled Asia-Europe lanes

Emirates Shipping Line is imposing port congestion surcharges on all inbound containers handled at Mombasa, Kenya, and Dar es Salaam, Tanzania.

CSAV posted a net loss of $340.3 million in the third quarter, reversing a $151.8 million profit a year earlier, and the Chilean carrier denied reports that its container shipping business is for sale

Horizon Lines has agreed to pay $13.75 million to settle claims by all remaining significant shippers who opted out of an antitrust class action settlement over price-fixing in the U.S.

Three major container carriers are imposing peakseason surcharges on westbound shipments from Asia to Europe and the Mediterranean, effective in mid-December.

Greece is preparing legislation to allow its merchant ships to hire armed guards to combat pirate attacks.

MISC Berhad, showing strong frustration at the tough fundamentals in global container shipping markets, is

Israel’s Zim Integrated Shipping Services slumped to a $66 million net loss in the third quarter and the carrier braced for a new cash injection amid a grim outlook for the coming months.

Maersk Line says it will merge its ICON service linking the Far East and Indian sub-continent to Northern Europe into its recently launched

Eimskip increased third quarter operating profit 7.6 percent year-over-year to $14.85 million, as the Icelandic container shipping and refrigerated logistics company carried 11 percent more cargo.

China Cosco Holdings named Jiang Li Jun to replace Zhang Liang as president, extending a management shakeup that comes amid steep losses at the container line.

Trailer Bridge swung to a $1.9 million loss

Shipping lines that carry U.S. exports to Asia intend to increase their refrigerated container rates effective Jan 1.

Maersk Line is implementing a series of general rate increases and peak-season surcharges that will take effect on its Far East Asia services in December.

The rate war waged by leading ocean container carriers on the Far East Asia-North Europe trade has so far failed to drive out smaller rivals, according to Alphaliner.

Hapag-Lloyd said currency swings and rate competition caused third quarter profit to drop 94 percent year-over-year to $17.5 million, but the German carrier was one of the few major container lines to

Container shipping’s latest slide into red ink is reviving talk about mergers and acquisitions among carriers.

The German travel group TUI plans to sell its remaining stake in Hapag-Lloyd in January and expand further in Russia and China as it redefines its business model, according to

The trans-Pacific and Asia-Middle East trade lanes are most likely to bear the brunt of rate plummeting, as deliveries of ultra-large container ships deliveries peak in 2012 and 2013, according to one

Sea Star Line will plead guilty and pay a $14.2 million criminal fine and the carrier’s former president, Frank Peake, was indicted on a charge of conspiring to fix prices in the U.S.

SeaFreight Agencies opened its new 25-acre container terminal at Port Everglades, and the Caribbean carrier plans to boost its volume 23 percent through the Floridian port over the next six years.

Container volume at the Port of Long Beach plunged 20.5 percent in October, reflecting the loss of services by

Norway’s Green Reefers saw its operating loss widen to $5.7 million in the third quarter from $1.7 million a year ago, as

Cargo shipped on the St.

A French court rejected a bid by Denmark’s DFDS to take over Sea France and gave the ailing state-owned ferry operator until Jan. 28 to find a new buyer.

U.S.-Puerto Rico carrier Trailer Bridge filed for Chapter 11 bankruptcy reorganization on Wednesday, a day after failing to refinance $82.5 million in bond debt that became due Tuesday.

Spot freight rates for ocean container shipping on the trans-Pacific fell another 4.2 percent in the latest week, the second straight week-to-week drop in a abrupt halt to carrier attempts to pump up

U.S.-Puerto Rico carrier Trailer Bridge said it plans to delay the filing of its third quarter financial report because the company has been focused on efforts to refinance $82.5 million bond debt tha

An International Longshoremen’s Association local has withdrawn its unfair-labor-practice charge against Ya

Long-time APL executive Bob Sappio has joined Alvarez & Marsal, a professional services firm, where he is managing director of its transportation practice, based in San Francisco.

Japanese shipping firms are ratcheting up pressure on the government to revise the nation’s tonnage tax system, claiming the limited application of the tax has put them at a disadvantage amid in

State-owned Shipping Corporation of India swung to a $28.12 million loss in the fiscal second quarter ending Sept.