Container Shipping

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

By Ole Mikkelsen COPENHAGEN, Feb 10 (Reuters) – Denmark’s A.P. Moller-Maersk tumbled to a loss of $2.5 billion in the last three months of 2015

By Mike Wackett (The Loadstar) – The jury is out as to whether the dramatic fall in oil prices in the past two years has produced a net benefit

Updates: CSCL Indian Ocean Grounding One of the world’s biggest containerships is hard aground in Germany’s Elbe River leading to the port of

PARIS, Jan 28 (Reuters) – France’s CMA CGM, the world’s third-largest container shipping group, will expand its presence in Iran after

By Mike Wackett (The Loadstar) – Lower bunker costs are “very welcome in an industry struggling to make a profit”, says shipping industry association

COPENHAGEN, Jan 26 (Reuters) – Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25

Abu Dhabi-based petrochemical company Borouge and Maersk Line inked an agreement to reduce carbon dioxide (CO2) emissions for their shipments. The Carbon Pact

Construction of a second Poe-sized Lock is critical to Michigan and the United States, Michigan Governor Rick Snyder said in his State of the State address

Netherlands-based Vroon said it has taken delivery of VOS Primrose, a KCM-80m platform-supply vessel (PSV). VOS Primrose, which will be managed by Vroon

New Jersey-based stevedore and terminal operating company Ports America will invest in Los Angeles, Long Beach, the Pacific Northwest and western Canada as

By Mike Wackett (The Loadstar) – Analysts agree there is no recovery in sight for the beleaguered containership charter market, which is facing its