Container Shipping

By Mike Wackett, Against the continued toxic mix of oversupply and weak demand, cash-strapped ocean carriers are being forced to consider every creative

China Shipping Container Lines (CSCL) released their 2013 annual report today, and with it, revealed a year that showed major financial losses to the company

Here’s a video showing the CMA CGM Marco Polo as it is towed into the port of Hamburg at night. With 16,020 TEU capacity, the MV CMA CGM Marco

SANTIAGO, April 21 (Reuters) – A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the

Container shipments through the port of Los Angeles climbed in March by the most in seven years as commerce rebounded after disruptions caused by the Chinese

With the arrival of a 450-foot containership in the port of Cleveland Friday night, a new trade route linking the Great Lakes region with northern Europe was

Tsuneishi Group (ZHOUSHAN) Shipbuilding has received newbuild orders this week for four 1,020 TEU containerships from the Hong Kong-based subsidiary of

By Mike Wackett Bigger and bigger ships operating at slower and slower speeds across the tradelanes of the world are testament to the single-minded desire of

SANTIAGO/FRANKFURT, April 16 (Reuters) – Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with

Japan Marine United has won an order from NYK Line today to build eight 14,000 TEU boxships at their Kure Shipyard.  According NYK, the ships are to be

By Gavin van Marle There is absolutely no sign that the overcapacity in container shipping is going to improve any time soon, according to a leading industry

A 631-foot containership apparently veered off course while sailing in Hong Kong’s East Lamma Channel Sunday and ran straight into a sea wall leaving

Following the signing of an MOU last month, the A.P. Moller – Maersk Group is formally looking to expand discussions with China Shipping (Group) on the

Here’s a great time-lapse video shot from onboard the Elly Maersk, sister ship to the Emma Maersk eight E-class container ships operated by Maersk Line.

By Nicholas Brautlecht April 1 (Bloomberg) — Hamburg Sued Group, Germany’s second biggest container shipping line, may revive merger plans with

Hong Kong-based Seaspan Corporation (NYSE:SSW) announced Monday it has exercised options for the construction of four additional 10,000 TEU

HONG KONG, March 27 (Reuters) – China COSCO Holdings returned to profit in 2013 thanks to investment gains from asset disposals during a global shipping

By Mike Wackett Germany’s Hapag-Lloyd’s financial performance in 2013 fell “well short” of expectations, with the ocean carrier reporting a €97.4m

Shareholders of Chilean shipper Compania SudAmericana de Vapores on Friday approved an agreement that combines its container-shipping operations with those of

By Ole Mikkelsen and Keith Wallis SINGAPORE, March 21 (Reuters) – Denmark’s Maersk Line, the world’s No.1 container shipping firm, said it