Container Shipping

Crowley Liner Services (CLSI) on Monday was slapped with a $17 million fine after pleading guilty to felony price fixing charges relating to its freight

With an average contract duration of over 10 years, Greek containership owner, Danaos Corporation (NYSE: DAC) is largely protected from the fluctuations found

MELBOURNE–A worldwide glut of containers and a fall in demand for shipped goods during the global financial crisis have pushed shipping prices to

The burnt out MSC Flaminia, along with the small flotilla of firefighting tugs, have anchored off the British coast as crews work to extinguish any leftover

Ever Lambent, the first L-type containership in the Evergreen Line fleet, was christened by Evergreen Group Chairman and founder Dr. Chang Yung-fa at the

The fire onboard the MSC Flaminia that has been burning for over a week has been contained, according to salvage experts from SMIT Salvage.  The announcement

Update (Tues. 7/24/12): Blaze Contained on MSC Flaminia Update (Mon., 7/23/12): The third tug, Carlo Magno, reached the burning MSC Flaminia over the weekend.

Update (Tues. 7/24/12): Blaze Contained on MSC Flaminia Update (Fri. 7/21/12): Salvors Board Burning MSC Flaminia Update 1: Firefighting operations on MSC

(Bloomberg) — Costamare Inc., the Greek owner of 46 chartered container ships, is looking to acquire more vessels as asset values in the shipping

(Bloomberg) — The world’s container shipping lines boosted reliability in June in terms of the number of boxes delivered on time, according to a

Update (Tues. 7/24/12): Blaze Contained on MSC Flaminia Wednesday Update: Photos Reveal Damage to MSC Flaminia After Blast, Firefighting Efforts Underway

Update (Tues. 7/24/12): Blaze Contained on MSC Flaminia Update (Fri. 7/21/12): Salvors Board Burning MSC Flaminia Wednesday Update: Photos Reveal Damage to MSC

HONG KONG–Container shipper Orient Overseas (International) Ltd.’s (0316.HK) second-quarter revenue rose 10.6% from a year earlier, the Hong

ATHENS – Greek containership owner, Danaos Corporation (NYSE: DAC), announced today that on June 29, 2012, it took delivery of its fifth and final 13,100

Global containership company, Box Ships Inc, (NYSE: TEU), announced today that it took delivery of its ninth vessel, the OOCL China, a 5,344 TEU

In their Q1 report, Maersk Line reported a 9 percent decline in freight rates along with a 31 percent increase in bunker rates.  This added up to a billion

West Coast jones act carrier Matson on Monday began trading on the NYSE as its own independent company and brand after changing it’s name officially from

Container shipping giant CMA CGM announced plans Monday to sell it’s luxury cruise line La Compagnie du Ponant to a European private equity firm.

SINGAPORE (Dow Jones) –Container shipper Neptune Orient Lines Ltd. (N03.SG) said Monday it plans to sell its headquarters building in Singapore to raise

**UPDATE** The latest word is that after exhaustive searching and x-rays of the containers on board, no stowaways were found by port authorities today in