Container Shipping

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

On July 14, 2012, the MSC Flaminia was on a routine voyage from Charleston, USA to Bremerhaven, Germany, when a massive explosion crippled the ship. Of the 22

SHENZHEN–Shipping giant China Cosco Holdings Co. (1919.HK, 601919.SH) is teaming up with its Shanghai-based archrival to jointly operate major domestic

(Bloomberg) — A.P. Moeller-Maersk A/S, the world’s largest container line, said it will remove 19 ships from Asia- Europe trade lanes in a bid to

A crew member severely injured in an explosion on board the MSC Flaminia has passed away, the ship’s owner, Reederei NSB, has reported. Reederei NSB says

Maersk Line, the world’s largest container shipping company by volume, has ended port calls to Iran saying that the company’s limited business in

The New Zealand government and Daina Shipping Co, owner of the stricken MV Rena, have reached a settlement over the Oct. 5, 2011 grounding of the container

After posting a loss of about ¥ 7.4 billion (USD $95 million) on the write-down of investment securities as a result of a decline in stock market prices, the