Container Shipping

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

By Kyunghee Park and Clement Tan (Bloomberg) — China Cosco Holdings Co. posted a 22 percent slump in earnings last year, while China Shipping Container

SHANGHAI, March 28 (Reuters) – China Cosco Shipping plans to retain its current container alliances until they expire, after which it plans to sign a new

HAMBURG, March 23 (Reuters) – German container shipping group Hapag-Lloyd said it expected a clear increase in operating profit (EBIT) this year thanks

Farrell Lines, a subsidiary of the Maersk Line, Limited, and a subcontractor have paid about $3.66 million in civil fines for submitting

By Gavin van Marle, (The Loadstar) – Project logistics and out-of-gauge cargo are the latest specialist shipping targets of container lines looking for

French container shipping company CMA CGM has confirmed that starting in the end of May it will deploy six 18,000 TEU ‘megaships’ between Asia and

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s second-biggest shipping company, plans to write down its capital by 86

NYK Line says it has taken delivery of the “cutting edge” newbuild MV NYK Blue Jay, a uniquely-designed 14,000 TEU capacity containership that

By Mike Wackett, Ocean carriers cancelled some 230 sailings in 2015 between Asia and North Europe to boost vessel utilisation levels, and, according to Drewry,

By Mike Wackett (The Loadstar) – Newly-merged Chinese ocean carriers Cosco and CSCL, together with Evergreen, OOCL and CMA CGM are set to form a new

SAO PAULO, Feb 17 (Reuters) – Maersk Line, the world’s largest container ship operator, said on Wednesday it was consolidating operations in

(BIMCO) – 2015 was a busy year for container traffic on the eastern coast of the US. 7.9 million TEU of loaded containers entered the US East Coast in

COPENHAGEN, Feb 16 (Reuters) – Maersk Line, the world’s largest container shipping company, said on Tuesday it would change the way it publishes

By Alex Longley (Bloomberg) — Little more than a year ago, shipping companies hauling everything from furniture to electronics across the world’s

By Foo Yun Chee BRUSSELS, Feb 10 (Reuters) – Leading shipping container groups Maersk, MSC and 13 other firms have offered to change their pricing