Container Shipping

PARIS, Sept 15 (Reuters) – CMA CGM, the world’s third-largest container shipping firm, said it expected operating profits to improve further in the

By Mike Wackett (The Loadstar) – With the first anniversary of the Hanjin Shipping bankruptcy just passed, there are growing fears that ocean carriers

South Korean shipping company Hyundai Merchant Marine has confirmed that it has signed a contract for the construction of at least five VLCCs at Daewoo

SHANGHAI, Aug 30 (Reuters) – China’s COSCO Shipping Holdings Co Ltd reported a first-half profit on Wednesday and forecast that improved demand in

FRANKFURT, Aug 29 (Reuters) – German container shipping group Hapag-Lloyd said its merger with Arab peer UASC and an improved market could allow it to

By Mike Wackett (The Loadstar) – At least two Asia and Europe loops will need to be closed in the fourth quarter of the year, or sailings blanked, to

By Joyce Lee  SEOUL, Aug 21 (Reuters) – South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential

By Kyunghee Park (Bloomberg) — The hulking container ships that transport sneakers, bananas and Barbie dolls around the world keep getting

By Mike Wackett (The Loadstar) Yesterday’s partnership agreement between 14 South Korean shipping lines falls far short of the consolidation needed to bring

South Korea’s 14 domestic shipping lines launched a shipping alliance as predicted on Tuesday. The Korean Shipping Partnership (KSP) was announced by the

South Korea’s shipping companies are preparing to launch a domestic shipping alliance to help the nation better compete in the global container shipping

By Mike Wackett (The Loadstar) – CMA CGM’s potential order of up to nine 22,000 teu ultra-large container vessels (ULCVs) is sending a message to

By Mike Wackett (The Loadstar) – With CMA CGM reportedly ready to sign a letter-of-intent for nine ultra-large container vessels (ULCVs) of 22,000 teu,

By Mike Wackett (The Loadstar) – The spectre of overcapacity is clouding recent analyst optimism that ocean carriers could be heading for a period of

TOKYO, July 31 (Reuters) – Japan’s big three shippers on Monday reported profits for the first quarter, bouncing back from losses a year earlier

The Port of Los Angeles handled a record 9.2 million Twenty-Foot Units (TEUs) in its 12-month fiscal year ending in June, the highest annual container

FRANKFURT, July 13 (Reuters) – Logistics entrepreneur Klaus-Michael Kuehne has raised his shareholding in German container shipping line Hapag-Lloyd to

By David Fickling (Bloomberg Gadfly) — While wedding bells have been ringing out across the global shipping industry, Taiwan’s biggest container

LONDON, June 20 (Fitch) Container shipping companies have benefited from a modest increase in freight rates since the start of the year, but a sustainable

By Mike Wackett (The Loadstar) – There is a “high likelihood” of a new wave of M&A activity involving medium-size ocean carriers, as the gap