Container lines

Despite the actions most container lines have taken to cut their vessel overcapacity, they are not doing enough to make a difference says Drewry Shipping Consultants in a new report.

Japanese export ship orders sank at their fastest pace in 16 years in fiscal 2008, which ended on March 31, as the global economic crisis that erupted last autumn dampened ship owners' demand for new

Cosco Container Lines launched its Coscon Fuzhou-Southwest America Service, effective this month.

A.P.

In the week after being downgraded by two ratings agencies, Chilean boxship owner CSAV went to Hamburg, Germany to negotiate a capital infusion to weather the growing global economic gloom.

Idled ocean container capacity fell for the first time in six months as carriers re-activated larger vessels amid a seasonal increase in cargo volume, but the jobless figures likely will surge again l

Two major container carriers said they are maintaining the routing of the big ships that ply the trade lane between Asia and Europe via the Suez Canal during the recent spate of pirate attacks off the

The four carriers in the CKYH Alliance held their 2009 Summit Meeting in Jeju, Korea on April 9 to discuss joint strategies on how to overcome the current crisis in the shipping industry.

The U.S.

LONDON — The containership order book is down to an 18-month-low, but ocean carriers and charter owners face rising overcapacity with shipyards poised to deliver hundreds of big vessels in the n

Hoping to prevent further deterioration in ocean freight rates, shipping lines in the eastbound Pacific are attempting to scrap the spot rates that have crept into service contracts and to establish a

The Port of Long Beach honored 14 shipping lines that led the industry in reducing their vessel speed within 20 miles of the coast in order to reduce harmful diesel emissions.

Capt.

The four Somali pirates who seized and then lost control of the Maersk Alabama continued to hold its skipper, Capt.

The Maersk Alabama was heading to its original destination port of Mombasa, Kenya, a day after it was hijacked off Somalia's coast, CNN reported Thursday, quoting

Evergreen Line announced plans to upgrade its China-South U.S. West Coast-China Service (CPS) and Asia-U.S. East Coast Service (AUE) with improved transit times on the route.

A U.S. Navy destroyer, the USS Bainbridge, was in position near the lifeboat believed to be carrying the pirates and their hostage Capt. Richard Phillips.

The captain of the Maersk Alabama, the U.S.-flag, Danish-owned container ship that was hijacked in the Indian Ocean early Wednesday morning and then retaken by its American crew, is still being held h

The American crew of the hijacked Maersk Alabama retook the containership Wednesday from the Somali pirates who seized it earlier in the day far off the Horn of Africa, Pentagon officials said.

Evergreen Line said it will reduce the transit times on its weekly Far East - Panama service (FPS) from China to Mexico and Panama, in order to speed the service to Central America, the Caribbean and

Somali pirates hijacked the U.S.-flagged Maersk Alabama and its crew of 20 American crew members early Wednesday morning off the coast of Somalia.

CMA CGM profit dropped by almost 87 percent to $124 million in 2008 from $966 million in 2007 as freight rates plummeted on all of its major trade lanes.

Maersk Line, pressing its effort to boost depressed ocean rates, announced price increases Tuesday for eastbound freight service from Northern Europe, North Africa and Mediterranean to the Middle East

When the Environmental Protection Agency last week declared an offshore zone to control air pollution from ocean shipping, it was one of those rare occasions when everyone from the American Lung Assoc

Zim Integrated Shipping Services swung to a $322 million loss in 2008 from a year-earlier profit of $23 million on higher fuel bills, a write off for reduced ship values and reduced fourth quarter car

Evergreen Line announced plans to upgrade its Far East-Panama Service (FPS) with improved transit times to Central America, the Caribbean and South America West Coast.

A lot has changed at South American ports in the few months since the global recession struck.

Maersk Line Limited is swapping nine of its 19 container ships in the Maritime Security Program for newer and more efficient vessels, the Maritime Administration announced Friday.

Eimskip, the struggling Icelandic container shipping and logistics group, lost $54.3 million after tax in the first quarter of 2009 compared with $52.5 million a year ago as revenue slumped by nearly

Container volumes at West Coast ports took an especially troubling dive in February and every major gateway felt the pain.

Neptune Orient Lines reported April 2 that its 2008 profit plunged by 84 percent from the previous year on revenue that increased by 14 percent as container volume dropped sharply in the last quarter

CMA CGM said it is increasing its freight rates on eastbound trade between ports in the Mediterranean and the U.S. East Coast as of May 1.

Maersk Line announced it will implement a commodity general rate increase for the trade moving from Europe to Asia.

Beginning May 1, MOL's Gator Guarantee will provide a service guarantee on the company's own vessel strings, the Pacific Southwest Express and Japan-American Shuttle.

Evergreen Group founder Chang Yung-fa said Tuesday that Evergreen Marine, his group's container shipping line, will reregister a number of its ships back under the Singapore flag after having pulled t

London -- The number of laid-up container ships stabilized over the past fortnight, breaking five months of steep increases, as ocean carriers re-activate idle vessels with the onset of the spring car

The number of foreign trade containers handled by the Port of Tokyo rose for the second consecutive month in October last year on a year-on-year basis, increasing 3.4 percent.

The Environmental Protection Agency on March 30 proposed creation of an emissions control area that would require ships to burn cleaner fuels within 230 miles (200 nautical miles) of U.S.

Maersk Line will raise freight rates in the trade from North America to the Middle East and the Indian Subcontinent.

Taiwan’s Evergreen Group said today it is forming a joint venture with its present agency in South Africa, Green Africa Shipping to establish a new agency that is called Evergreen Agency (South