Container lines

Eimskip, the ailing Icelandic ocean carrier, said it will hand over its North Atlantic shipping operations to its creditors in a $2.2 billion restructuring that involves Yucaipa, a U.S.

Danaos, the largest U.S.

Aries Maritime Transport sold the Ocean Hope, a 1989-built container vessel, to an unrelated third party for a net price of $2.3 million.

A record 300,000 TEUs of container ship capacity is set to be scrapped this year as ocean carriers and charter ship owners face a growing mismatch between supply and demand for tonnage.

DAL Deutsche Afrika Linien announced weekly southbound sailings from Marseilles to the main ports of South Africa beginning July 1.

Container carrier Hamburg Sud’s Australia/New Zealand service recently delivered three Erickson Air-Crane heavy lift helicopters to the Port of Oakland.

Containerized exports through WEST COAST PORTS plummeted 21 percent in the first four months of 2009 from a year earlier, but problems don’t end there for trans-Pacific exporters.

Like NASCAR drivers when the green flag is waved, container lines raced to start direct services this month from Vietnam’s newly dredged deep-sea port of Cai Mep to the U.S. West Coast.

South Carolina’s seaports in Charleston and Georgetown stand to gain more than $12 million in additional funding for studies of channel deepening as a result of actions this week in the U.S.

A.P. Moller-Maersk is selling some of the trucking services provided by its European ferry subsidiary Norfolkline Logistics to DSV, Scandinavia’s largest trucking and logistic group.

Matson Navigation's top unionized ship officers could strike tomorrow if they do not reach agreement during scheduled talks with the shipping company today.

Chiquita Brands International said it does not expect the bankruptcy filing by Eastwind Maritime and many of its affiliates to adversely affect service to Chiquita's customers and the delivery of its

Karel Van Miert, the former European Union antitrust chief who played a key role in the demise of liner shipping conferences, died Monday after falling from a garden ladder at his home south of Brusse

Revenue of the biggest ocean container carriers plunged by 35 percent overall in the first quarter of the year compared with the same period in 2008 in what is shaping up to be the worst year in moder

Hapag-Lloyd, the German ocean container carrier, announced Wolfgang Freese will succeed Jim Newsome as President of Hapag-Lloyd (America) on September 1.

The directors of the South Carolina State Ports Authority voted unanimously to hire Jim Newsome III as its new president and chief executive officer at their monthly board meeting today.

Evergreen Line plans to withdraw 31 of its oldest ships from service and scrap many of them to help chip away at what its chairman, Chang Yung-fa, described as a “gruesome” excess of vessel capacity i

Maersk Line CEO Eivind Kolding thinks global container volumes may drop more than 10 percent and show no growth until next year.

CMA CGM said it will upgrade its CIMEX service between Asia and ports in the Middle East Gulf in July by replacing its two existing loops with one that features larger ships.

Evergreen Marine and Neptune Orient Lines are denying charges by prosecutors in Kaohsiung, Taiwan, that their employees were involved in falsifying data on cargo volumes passing through the port in or

A.P. Moller - Maersk Group promoted Jesper Cramon to head of group accounting, effective Aug. 1. He will replace Per Møller, who is retiring after 22 years with the Group.

The United Seamen's Service will present its 40th Annual Admiral of the Ocean Sea Awards to Donald Kurz, president and CEO of Philadelphia’s Keystone Shipping, and Ronald Widdows, group presiden

A.P.

APL’s container volume and average revenue per container fell during the most recent four week reporting period, its parent Neptune Orient Lines said Monday.

Maersk Line will increase rates on services from Asia to New Zealand.

Taiwanese prosecutors on Thursday indicted 46 executives from some of the world’s biggest liner shipping companies and the Port of Kaohsiung on charges of fraud for allegedly inflating cargo vol

Higher fuel costs prompted two lines to raise bunker surcharges.

Maersk Line is setting up a nationwide chassis pool in the United States that will make its fleet of chassis available for lease by drayage companies, ocean carriers, marine terminals and railroads.

With a large number of improvements, French ocean carrier CMA CGM is upgrading its Asia-Europe services, effective June 30.

Hamburg Süd will replace its agent in Poland with Safe Shipping, effective July 1.

CMA CGM added three calls for its three 1,100-TEU vessels in the CAGEMA service linking the East Coast to the Caribbean.

Net profit for state-owned Shipping Corp. of India fell almost 20 percent to $42.5 million in the January-March quarter of fiscal 2008-09 ended March 31.

A.P. Moller-Maersk is considering an additional 175 layoffs at its iconic Danish shipyard because of a lack of orders.

Saddled with contracts to build more ships than they need for the foreseeable future, shipping lines and charter ship owners are trying to cancel orders or at least delay delivery of new ships for as

Radoje “Rod” Vulovic, 67, a founder and chief operating officer of U.S. Ship Management, died Friday in Charlotte, N.C., after a prolonged illness, his business partners announced.

A severe terminal congestion at India’s Port of Jawaharlal Nehru prompted port management to seek immediate intervention with Container Corp.

London -- European Union anti-trust regulators on June 12 opened an in-depth investigation of plans by DSV, Scandinavia's biggest trucker, and Danish shipping line Vesterhavet, to take joint control o

Horizon Lines said it will pay $20 million to settle class-action lawsuits that alleged antitrust violations in the Jones Act trade between the U.S. mainland and Puerto Rico.

Japanese carrier MOL has refuted a report by Reuters that it is considering “spinning off” it container division.

Maersk Line will increase rates on services from the Far East to Europe on July 1. In July and September, rates will go up on services between Europe and the Middle East and South Asia.