Container Shipping

By Kyunghee Park (Bloomberg) — Christmas is looking a little less bright for container-shipping companies. As the industry enters what’s

By Mike Wackett (The Loadstar) – One of Hapag-Lloyd’s largest shareholders has brushed off an approach by CMA CGM for merger talks. Any such deal

By Vera Eckert FRANKFURT, July 10 (Reuters) – German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to

By Jonathan Saul and Arno Schuetze LONDON/FRANKFURT, July 9 (Reuters) – The world’s no. 3 container shipping line, CMA CGM of France, has made an

By Leigh Thomas and Bozorgmehr Sharafedin AIX-EN-PROVENCE, France/LONDON, July 7 (Reuters) – One of the world’s biggest cargo shippers announced on

The project to make the Port of Virginia “wider, deeper and safer” has taken a critical step forward after receiving final approval for the

By Phil Serafino (Bloomberg) — Shares of German shipping line Hapag-Lloyd AG plunged as much as 22 percent after the company cut its profit forecast for

FRANKFURT, June 29 (Reuters) – German container shipping line Hapag-Lloyd slashed its full-year profit forecast, saying that freight rates had recovered

By Mike Wackett (TheLoadstar) A leading shipping analyst has drastically cut its 2018 ocean carrier profitability forecast from $5bn to “breakeven at

A pair of crane operators at the Port of Long Beach on the U.S. West Coast have set a new productivity record for moving the most cargo using a

By Mike Wackett (The Loadstar) – COSCO’s $6.3bn takeover of Orient Overseas International (OOIL), parent of container line OOCL, is now in doubt,

By Mike Wackett (The Loadstar) – Less than 18 months before the IMO’s 0.5% sulphur cap regulations come into force for merchant shipping, container

FRANKFURT, June 11 (Reuters) – German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one

Freshly-minted Japanese container shipping line Ocean Network Express (ONE) has become the latest box line to introduce an emergency bunker fuel surcharge due

By Mike Wackett (The Loadstar) – In the face of increasing anger from shippers over emergency bunker surcharges, shipping consultant Drewry too has

French shipping group CMA CGM has teamed up with a San Francisco startup to explore the use of artificial intelligence on board its ships. CMA CGM, the

The Australian Transport Safety Bureau (ATSB) will investigate the loss of dozens of shipping containers overboard from the Yang Ming-operated cargo ship YM

By Scott Deveau (Bloomberg) — Fairfax Financial Holdings Ltd., the investment firm run by Prem Watsa, is preparing to increase its investment in Seaspan

Maersk Line recently tapped classification society ABS to lead a workshop to identify and evaluate potential hazards posed on containerships from dangerous

By Jacob Gronholt-Pedersen COPENHAGEN, May 17 (Reuters) – A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that