Container Shipping

By Nikita Mathur and Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s second-biggest shipping company, fell the most in three

LONDON, June 2 (Reuters) – The shareholders of Middle East container shipping group United Arab Shipping Company (UASC) back the company’s merger

By Mike Wackett (The Loadstar) – Maersk Line’s aggressive growth strategy in the first three months of this year was a contributing factor in the 23%

PARIS, May 20 (Reuters) – France’s CMA CGM, the world’s third-largest container shipping firm, reported a first-quarter net loss on Friday

By Mike Wackett (The Loadstar) – “Alliances are only as stable as their member carriers,” was maritime consultant Drewry’s first comment on plans

By Chris Bryant (Bloomberg) — Airlines long ago cottoned on to the fact that being part of an alliance could save them money and help them offer

By Jonathan Saul and Vera Eckert LONDON/FRANKFURT, May 13 (Reuters) – German container shipping firm Hapag-Lloyd has formed a new alliance with five

Some of the world’s largest (free agent) container shipping companies are set to unveil a new global shipping alliance to rival the existing 2M and

By Mike Wackett (The Loadstar) – Despite Maersk Line’s better-than-expected $37m first-quarter net profit, Drewry today reiterated its view that ocean

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co., South Korea’s biggest container carrier that’s part of the Hanjin Group, said it will work with

By Nicholas Brautlecht (Bloomberg) — Hapag-Lloyd AG is in talks with United Arab Shipping Co. on a possible combination of their container businesses,

By Mike Wackett (The Loadstar) – Ocean carriers CMA CGM, COSCO Container Lines, Evergreen and OOCL have signed a Memorandum of Understanding to form a

By Brenda Goh and Gus Trompiz SHANGHAI/PARIS, April 20 (Reuters) – China COSCO Shipping and France’s CMA CGM sought to reinforce their growing

By Mike Wackett, (The Loadstar) – The shock waves from the collapse of a top-20 container line such as Hyundai Merchant Marine (HMM) could be the

SINGAPORE, April 19 (Reuters) – The world’s largest container shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight

By Mike Wackett (The Loadstar) – According to the latest data collated by Dynaliners, there are 37 ultra-large container vessels (ULCVs) of over 18,000

Japan Marine United Corp. recently delivered the 14,000 TEU container ship NYK Blue Jay to shipping company Nippon Yusen Kaisha (NYK). The vessel, which

By Ole Mikkelsen COPENHAGEN, April 15 (Reuters) – Shipping freight rates for transporting containers from ports in Asia to Northern Europe have plummeted

DryShips, which owns dry bulk carriers and offshore support vessels, announced that it sold three of its vessels along with the associated bank debt to

By Mike Wackett (The Loadstar) – Following Korean carrier Hanjin offering express container shipping services on two major tradelanes, industry analyst