Container Shipping

By Mike Wackett (The Loadstar) – Hapag-Lloyd recorded a profit of $46m in the final three months of 2016– a recovery too little too late to prevent the

By Mike Wackett (The Loadstar) – The delay in the merger between Hapag-Lloyd and UASC is due to some of the Gulf carrier’s creditor banks “seeking

By Jonathan Saul and Keith Wallis LONDON/SINGAPORE, March 22 (Reuters) – The U.S. Justice Department has ordered top executives from several container

By Mike Wackett (TheLoadstar) Brokers are reporting good news for embattled containership owners this week in the container charter market, with a big rise in

By Mike Wackett (The Loadstar) – The eastbound capacity crunch hitting shippers to Asia is not temporary, but the beginning of a more permanent shift in

Spot container freight rates from North Europe to China increased by 45% this week, reaching a four-year high, according to the shipping consultancy Drewry.

By Mike Wackett (The Loadstar) – THE Alliance is to set up an independently managed trust fund to safeguard cargo operations should one of its liner

Technology giant IBM (NYSE: IBM) and Maersk, owner of the leading transport and logistics company Maersk Line, have announced a potentially

By Mike Wackett (The Loadstar) – After a short block on bookings this week, Maersk Line is again accepting cargo from North Europe to Asia. However the

FRANKFURT, Feb 28 (Reuters) – German container shipping firm Hapag-Lloyd on Tuesday reported a 66 percent year-on-year fall in operating profit for 2016,

By Mike Wackett (The Loadstar) – Container lines should follow the example of Maersk Line and negotiate deferring new vessel deliveries. Analyst Drewry

By Mike Wackett (The Loadstar) – A sharp increase in steel prices has prompted a new wave of vessel scrapping, bringing the supply-demand ratio in

By Mark Gilbert (Bloomberg View) — About a year ago, I wrote a couple of columns examining the data available in the industries responsible for moving

SEOUL, Feb 17 (Reuters) – A South Korean court declared Hanjin Shipping Co Ltd bankrupt on Friday, after ruling earlier this month that the firm’s

CMA CGM has followed Maersk’s lead, signing a memorandum of understanding (MoU) with the world’s largest e-commerce platform Alibaba. The agreement is for

LONDON, Feb 14 (Reuters) – The world’s no. 2 container line Mediterranean Shipping Company (MSC) is in talks to acquire a stake in smaller Italian

PARIS, Feb 8 (Reuters) – Container shipping group CMA CGM has promoted Rodolphe Saade to be chief executive officer, succeeding his father and company

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s biggest sea carrier, said it will post losses through the first half of

TOKYO, Jan 31 (Reuters) – Japan’s top three shippers, Nippon Yusen KK (NYK), Mitsui OSK and Kawasaki Kisen Kaisha pared their full-year loss

SHANGHAI, Jan 20 (Reuters) – Hong Kong-listed shipper Orient Overseas International Ltd said on Friday it had not received any bids for its subsidiary