Container lines

Just eight days after raising the rates on eastbound cargo shipped from North Europe and the Mediterranean to Asia, CMA CGM announced a rate increase in the opposite direction.

A Maersk Line container ship, the Maersk Kendal, ran aground today at the Sebarok Beacon, less than a kilometer south of Sebarok Island and nine kilometers south of Singapore, the Maritime and Port Au

Hanjin Shipping announced Wednesday a decision by the board of directors to divide the company into a holding company, Hanjin Shipping Holdings Co., Ltd., and an operating company, Hanjin Shipping Co.

Marad says the time has come to separate the liners from the bulkers.

The growth in the world container ship fleet will slow this year to the lowest rate this decade as ocean carriers defer deliveries of new vessels and boost scrapping of older tonnage to record levels.

Three of the world’s largest ocean carriers, looking to build on the momentum of price hikes that appear to be taking hold around the world, announced new rate hikes on global lanes Tuesday.

Shipping lines that carry U.S. exports to Asia will increase their bunker fuel surcharges on Oct.

CMA CGM and MAERSK Line are combining their respective Brazilian Express Service (Brazex) and North Coast Express (NCX) connecting the East Coast of South America to Central America and Caribbean, eff

As container volume fell through August, average revenue plummeted even further for Neptune Orient Lines.

Managing a $20 BILLION COMPANY through the worst economic conditions in half a century may be something like navigating one of the worlds largest container ships through shallow waters, but few people

Shell-shocked by plunging cargo volume and tumbling freight rates in Europe-Asia container trade lanes over the past year, ocean carrier executives are sensing a turning market amid reports some ship

Hapag-Lloyd will be able to fulfill criteria for loan guarantees to be provided by the German government, according to a report by Reuters.

APL is upgrading its twice-a-week Miami service connecting the United States with Central American ports.

A crew member on a container ship died early Thursday after he fell overboard near the San Francisco Bay Bridge while preparing a portside gangway but not wearing a required life jacket, the company s

Israel Corp., parent of Zim Integrated Shipping Services, announced it will hold a special shareholders meeting Oct.

Mediterranean Shipping Co.

Hanjin Shipping will join an intra-Asia vessel-sharing agreement service that connects India and the Far East as one of the joint operators at the end of September, the company announced Thursday.

Hamburg Süd consolidated its three West Coast liner services at a single terminal in the San Francisco Bay area.

OOCL said it will raise freight rates on its routes from Asia to Australia in two stages beginning Sept. 15.

A.P.

Losses sustained by liner companies hit more than $6 billion in the first six months of the year, according to AXS-Alphaliner.

The Danish Shipowners' Association said its members did not want to see any direct subsidies of their hard-hit industry nor any bending of European competition rules that ban cartel-like activity.

The CMA CGM Group will restore freight rates in the North Europe to Asia and the Middle East or Red Sea trades, effective Oct. 1.

Over several years, U.S.

OOCL on Sept. 4 christened the ninth Panamax class vessel in its line of sixteen 4,500-TEU vessels ordered from Samsung Heavy Industries.

Hapag-Lloyd’s owners have returned a stake in a Hamburg container terminal to the struggling German ocean carrier in order to qualify for $1.7 billion of state-backed loans.

South Korean carrier Hanjin and Argentina-based Maruba joined a combined service with CMA CGM, Hapag-Lloyd and Hamburg Sud between the East Coast of South America and northern Europe.

A.P. Moller-Maersk raised nearly $1.6 billion from the sale of shares with some of the proceeds likely to be earmarked for expansion of its global container terminal operations.

Horizon Lines will add regularly scheduled vessel container service between Tampa, Fla. and Puerto Rico to its Gulf Express Service.

Independent Container Line will provide transactional e-commerce services to global customers through the GT Nexus Trade and Logistics Portal.

Maersk Line will launch a weekly feeder service between Vietnam and Hong Kong this month connecting with a trans-Pacific loop the carrier says will provide the fastest transit time from Vietnam to the

Germany did not accept terms of the rescue of container shipping line Hapag-Lloyd, Germany's Bild newspaper reported without citing sources.

International Longshoremen’s Association delegates unanimously rejected a proposed two-year extension of the ILA's contract for Atlantic and Gulf dockworkers on Wednesday.

A.P. Moller-Maersk plans to sell stock to raise $1.8 billion to bolster its finances and fund possible acquisitions.

DHL launched less-than-containerload service from Vietnam to the United States and Europe, the company’s forwarding division announced.

Maersk Line’s ocean freight rates from the Mediterranean and North Africa to the United States and Canada will increase by $300 per container from Oct. 1, the carrier said Monday.

Zim Integrated Shipping Service's 10,000-TEU Zim Djibouti was at the Port of Seattle’s Terminal 18 on Thursday, Aug. 27. The vessel is the largest to call at the port.

Evergreen Marine reported its second consecutive quarterly loss as the global recession reduced volume and prices for the world’s fourth largest container line.

Orient Overseas Container Line announced Friday it will raise fuel charges or rates on three trade lanes.