Container Shipping

Oversupply of container vessels operating on the Asia – Europe trade lane has pushed Maersk Line’s container freight rates to unsustainably low

According to Forbes, the net worth of Evergreen’s Founder and Group Chairman, Chang Yung-fa, is in the range of $1.6 Billion, and he is listed number 782

As part of this agreement with CSCL and UASC, CMA CGM announces the reorganisation of its CIMEX 1 service on the Asia-Middle East market as from February 2nd

Container shipping industry analyst Alphaliner said today that overcapacity in the liner industry will continue into 2012 as supply growth continues to

UDPATED: January 2012 The data visualization above represents the worlds 10 largest container shipping companies by TEU capacity. WORLD TEU CAPACITY:

A.P. Moller – Maersk Group’s Maersk Line recorded the largest capacity growth by TEU’s in 2011 according to a report by liner industry data

CMA CGM is pleased to announce it will enter into partnership with OOCL on its ANZEX service deployed on the New Zealand to Far East Trade as from the

With a splash of champagne on steel, NOL Group welcomed the future of global trade here today.  The Singapore-based shipping and logistics giant christened

Aristides Pittas, Chairman and CEO of Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk carriers and container vessels, commented on the

COPENHAGEN—A.P. Moller-Maersk A/S cut its full-year forecast, warning of industrywide overcapacity for the next couple of years, as the company’s

HONG KONG (Dow Jones)–China Shipping Container Lines Ltd. (2866.HK) said Friday it entered in deals worth US$754.2 million to buy eight new container

Horizon Lines today said it plans on slashing its trans-Pacific container service, Five Star Express (FSX), between the U.S. West Coast, Guam and China

COPENHAGEN (Dow Jones)–The world’s largest container shipping company Maersk Line is stepping up the price competition on Asia-Europe routes in an

The World Shipping Council (WSC) added some new members to its Board of Directors at a membership meeting held in Seoul last week. WSC says its members have

Citing sustained high fuel prices, downward rate pressure and overcapacity in the Transpacific trade, Matson announced today that it is discontinuing in late

MSC BRUXELLES entering the Port of Charleston. Photo courtesy Port of Charleston Charleston, SC – South Carolina welcomed the largest container ship to

HANJIN GERMANY, owned by Danaos Corporation and chartered to Hanjin Shipping. Photo courtesy Yorkshire’s Finest via Flickr Shipping magnate John Coustas

Confidence dips to two-year low as concern mounts over rising fuel costs and overtonnaging The latest Shipping confidence survey from accountant and shipping

MOSCOW (Dow Jones)–Danish shipping giant A.P. Moller-Maersk A/S (MAERSK-B.KO) is likely to exercise an option to order ten large container ships from

Today, Maersk Line CEO, Eivind Kolding, addressed the container shipping and logistics industry as the keynote speaker at the TOC conference in Antwerp,