Container lines

Chilean container carrier CSAV is reorganizing its IMEX 1 Service connecting India, the Middle East and Europe, starting this month.

The Grand Alliance will suspend its Japan-China Express service to the U.S. West Coast for the slack winter season beginning in late October.

Ocean carriers and charter shipowners have placed orders worth $57 billion for new container vessels over the next four years, with about half of the value of orders made as the industry emerged from

Excess capacity and insistence on chasing unprofitable market share will cause many container ship lines to lose money this year despite global volume growth of more than 7 percent, Drewry Maritime Re

Worldwide refrigerated trade is expected to grow at an unexciting but steady 3 percent annually for the next few years, but Ocean World Lines is thinking much bigger: The non-vessel-operating common c

When political upheavals erupted across North Africa and the Middle East last February, it was just the beginning of a tumultuous time at the Suez Canal Container Terminal.

As container terminals up and down the 102-mile Suez Canal were closing briefly during Egypt’s revolution last February, business through the waterway barely blinked.

Maersk Line has a new direct weekly service from Latin America to the Black Sea. Called Ecumed, the service links Ecuador with Spain, Turkey and the Black Sea, using eight 2,500-TEU vessels.

Liner carrier CSAV says its board of directors will inject $1.2 billion into the company, and split the liner shipping business from a subsidiary that is involved in the marine service sector.

Hapag-Lloyd will apply a general rate increase on cargo shipped from the U.S.

CMA CGM denied reports Friday it is close to signing a $2 billion order for 20 large container ships from China, but the ocean carrier confirmed it is discussing possible charter deals with shipyards

Wei Jiafu, chairman of Cosco Group, the world’s fourth-largest container line by capacity and the largest carrier based in China, will be the opening keynote speaker at

Maersk Line plans to increase freight rates on westbound cargo from the U.S. to the Far East, starting Nov. 15.

Maersk Line changed the port rotation of its MESA Service connecting the Middle East, the Indian subcontinent and South Africa.

Maersk Line on Thursday denied reports that it is using its market size and economies of scale to drive weaker carriers out of the Asia-Europe trade and gain market share.

Container ship charter rates are in free fall as ocean carriers cut back on hired tonnage amid plunging freight rates, rising overcapacity and sluggish cargo growth on key trade routes.

Horizon Lines completed a complicated $652.8 million refinancing that saves the largest U.S.

Horizon Lines said it expects to complete a $655 million refinancing by Thursday following agreement by holders of 99.3 percent of its convertible notes to swap their bonds for a combination of stock

Slow steaming, a practice that ocean carriers adopted during the last four years to save on bunker fuel costs, is likely to becom

Almost half of all containerships on order are for capacity of more than 10,000 20-foot equivalent units and the average size of vessels delivered this year will be more than double that of a decade a

Fesco, owner of Russia’s largest ocean carrier, boosted revenue by 27 percent in the first six months and forecast an even stronger second half performance.

Container line Safmarine said Monday it will merge its operations into larger sister carrier Maersk Line, a move that cut 240 jobs while boosting efficiency and reducing costs.

India’s Port of Chennai appealed to container terminal operators, shipping lines and shippers to help ease congestion at the congested southeastern hub.

With the International Longshoremen’s Association contract expiration a year away, some shippers already are starting to explore contingency plans.

Nearly 500 Canadian Auto Workers employees on Friday notified Canada’s St.

Mitsui O.S.K.

Mediterranean Shipping Co., the world’s second-largest container shipping carrier by fleet capacity, will raise rates from the United States to the Far East, effective Nov. 1.

The Westbound Transpacific Stabilization Agreement said its member carriers plan to implement targeted rate increases on export commodities Nov. 1.

CSAV is living an extreme version of container shipping’s recent ups and downs.

Ron Widdows, a prominent leader in the global container industry, is leaving his position as group president and CEO of Neptune Orient Lines as of Oct.

Korean container line Hanjin Shipping will launch an Asia-Pacific to West India direct service in late October.

Horizon Lines has delayed for one week its target date for completing a $655 million refinancing that would stave off bankruptcy by the largest U.S. domestic ocean carrier.

Kuehne + Nagel named former carrier executive William F. Rooney this week as its vice president of sea freight for the trans-Pacific.

The World Shipping Council will keep Ron Widdows as chairman of its board through September 2012 after he steps down as group president and CEO of Neptune Orient Lines at the end of this year.

Maersk Line doesn’t expect the 20 giant new container ships it has ordered to flood the market, nor does it expect the ships to become the new standard on the Asia-Europe trade lane,

Maersk Line expanded its Asia-Europe Service 7 with a direct call at Qingdao, China, effective this month.

The port of Felixstowe inaugurated the first deep water berths in the U.K. able to handle the latest generation of mega container ships on Wednesday.

Horizon Lines, moving to complete a $655 million refinancing this week, said Kimberly-Clark had agreed to drop antitrust claims resulting from the carrier’s price-fixing in the U.S.

Ocean container carriers will lose more than $300 million on trans-Pacific services in 2011 due to falling freight rates and shrinking traffic, according to Alphaliner.

Japanese ocean carrier NYK Line imposed port congestion surcharges on containerized shipments moving through Port of Chennai, and other lines hiked their bottleneck fees for cargo through the Indian p