Container Shipping

A 278-meter containership had to be refloated Wednesday from a sandy bank near Prince Rupert Harbour, BC after running aground as it maneuvered around a small

HONG KONG–China Shipping Container Lines Co. (2866.HK), or CSCL, plans to sell a fifth of its shipping containers for US$358.6 million to raise cash and

(Bloomberg) — Maersk Line, the world’s biggest operator of container ships, expects rates to rise on trans-Pacific routes next month because of an

At 396 meters and the capacity to hold an astonishing 16,020 TEUs, the CMA CGM Marco Polo is now officially the world’s largest containership. The

(Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container shipping line, is betting that China will evolve into a consumer

The Emma Maersk and her E-class of sister containerships have had their day in the sun, but there’s now an even bigger kid on the block named Marco Polo

A.P. Moller-Maersk A/S (AMKBY, MAERSK-A.KO, MAERSK-B.KO) on Friday warned global demand for seaborne containers will grow more slowly than the group forecast

Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in owning and operating containerships, announced Tuesday that it has signed a

With a fleet of 64 containerships aggregating 363,049 TEUs, Athens-based Danaos Corporation (NYSE: DAC) ranks among the largest containership charter owners

Sandy-related troubles at the Port of New York and New Jersey are forcing carriers to divert their ships to other ports, disrupting the supply flow for

The Port of New York and New Jersey is one of the busiest ports in the world and thus a major commercial artery for global commerce. In 2011, the

Chilean shipper Compania Sud Americana de Vapores SA (VAPORES.SN) posted a quarterly profit for the first time in two years. The company reported a net

(Bloomberg) — China Shipping Container Lines Co., the nation’s second cargo-box carrier, rose the most in more than four months in Hong Kong

While every other ship off the east coast of the United States steaming eastward trying to get the hell out of the way of Hurricane Sandy, the MOL Paramount,

Daina Shipping, owner of the stricken M/V Rena containership, was fined $300,000 today in a Tauranga District Court after pleading guilty to a charge under the

SINGAPORE–Container shipper Neptune Orient Lines Ltd. (NO3.SG) Thursday said it swung to a net profit in the third quarter mainly because of cost

(Bloomberg) — Europe’s largest container lines are making an attempt to increase Asia-Europe rates to more than break-even levels and restore

Construction of the world’s largest ship is picking up speed. Recently, the very first propeller was loaded onto the Maersk Salalah container ship in

(Bloomberg) — U.S. imports of containerized goods are the highest since before the recession as the economic recovery gains traction, boosting rates for

2013 is set to be the biggest year ever for containership deliveries, according to shipbroking firm Braemar Seascope. In Braemar’s latest Quarterly