Container lines

Two German states on Tuesday agreed to inject 3 billion euros ($3.9 billion) into HSH Nordbank, the world's biggest shipping bank and member of a consortium buying ocean carrier Hapag-Lloyd.

TOKYO -- Japan's largest shipping firm, NYK Line, is cutting its container fleet transport capacity on its major routes, including Asia-North America, by an additional 10 percent this spring.

Orient Overseas Container Line said it will seek a rate increase of $200 per 20-foot container of dry cargo on its service from Asia to North Europe as of April 8.

The Taiwan-based carriers have entered a cooperation agreement, covering Evergreen's North-East-Asia-South-East-Asia (NSA) and North-East-Asia-South-East-Asia (NSB) services, as well as Wan Hai's Kore

Ocean carrier MISC Berhad announced group profits fell in the third quarter from a year earlier despite increased revenue, due primarily to losses in the liner segment.

Maersk Line announced schedule changes that affect port coverage on one of its services between the Far East and West Africa, and between Europe, the Middle East and South Asia in two other loops.

TUI likely will acquire a bigger stake in Hapag-Lloyd than it originally planned in order to finalize the sale of the world's fifth-largest ocean carrier.

Asia Express Consortium members Hamburg Sud and CCNI will consolidate some services with Mediterranean Shipping between Asia, Mexico and the west coast of South America because of deteriorating market

The four Grand Alliance ocean carriers on Monday announced they are re-routing all ships deployed on the eastbound EU3 Asia-Europe service around Africa's Cape of Good Hope instead of transiting the S

Maersk Line announced a series of enhancements and adjustments to its Asia-Europe network.

Asia Express Consortium members Hamburg Sud and CCNI will consolidate some services with Mediterranean Shipping between Asia, Mexico and the west coast of South America because of deteriorating m

Maersk Line on Monday announced a general rate increase on the trans-Atlantic as of April 1.

Copyright 2009, Traffic World, Inc.

Maersk Line announced a series of enhancements and adjustments to its Asia-Europe network.

APL said it will raise freight rates on the Asia-Europe trade next month.

MOL is expected to cut container capacity by an additional 10 percent on major routes, starting in April.

The Panama Canal Authority is sticking to its scheduled May 1 toll increase in the face of plans by some of the world's largest container lines to route their vessels the long way around the Central A

Fesco, Russia's largest ocean container shipping line, announced it has signed an agreement to acqui

Hanjin Shipping Co. announced Tuesday that it will enter the North Atlantic trade on Jan. 1 in partn

Crowley Maritime Corp. announced the election of Thomas B. Crowley Jr. as chairman and chief executive.

Shipping lines that fled the French port of Le Havre last month because of labor stoppages are expec

South Korean container shipping lines face the prospect that many of their vessels will be activated