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Container Shipping Lines

Members Of Grand Alliance To Add U.S.-Asia Service

Container shipping line members of the Grand Alliance reportedly will improve their service between North Asia and the U.S.


Transpacific Container Shippers Aim for Rate Rise

Photo: Maersk

A container shipping organisation urged companies on Monday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU), corresponding to an increase of 14.2 percent from current levels, from Sept. 1. TSA (Transpacific Stabilization Agreement) said the planned increase follows strong cargo demand and high vessel utilization levels in recent months, which forward bookings suggest will continue through September.


Shipping Lines Estimate Costs to Rise

Bloomberg reported that Neptune Orient Lines Ltd. and 11 of the largest shipping companies plying the Pacific Ocean said costs of moving cargo to the U.S. in 2006 will rise 7 percent on higher fuel prices, which may spur them to raise freight rates. The cost of transporting containers by trucks and railways will increase as much as 25 percent, the 12-line Transpacific Stabilization Agreement, whose members ship about 70 percent of trans-Pacific trade, said in a statement today.


Maersk Eyes Growth After Takeovers

Container shipping line Maersk Sealand, owned by Denmark`s shipping and oil conglomerate A.P. Moeller (APM), said on it was ready to expand again after a successful integration of its last major acquisitions. "We aim for a bigger market share and want to grow faster than the market", APM Chief Financial Officer Eivind Kolding said. In 1999 Maersk Line acquired South African shipping group Safmarine and U.S.-based international container line Sea-Land for a total of $1.04 billion


Maersk Beats Profit Forecast on Shipping Business

Q4 net profit falls to $936 mln vs $808 mln forecast; Company will issue bonus shares. Danish shipping and oil group A.P. Moller-Maersk said 2013 net profit fell less than expected thanks to higher earnings at container shipping business Maersk Line. Fourth-quarter net profit fell to $936 million, Maersk said on Thursday, beating the average forecast of $808 million in a Reuters poll of analysts. Underlying group net profit this year is expected to be in line with 2013's figure of $3


Asia-Pacific Container Shipping Rate Hike on the Cards

Container ship: Photo APL

Container shipping companies were urged to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) with effect from Aug. 1, their organisation TSA said on Wednesday. Members of the TSA (Transpacific Stabilization Agreement) include 15 of the world's biggest container shipping lines such as Denmark's Maersk Line, a unit of A.P. Moller-Maersk , privately owned Switzerland-based Mediterranean Shipping Company (MSC), French privately held CMA CGM, China's COSCO


Maersk Line Tops World Shipping in 2016

Graph: Alphaliner - TOP 100

 Maersk Line, a unit of the A.P. Moller-Maersk Group, based in Copenhagen, Denmark, has retained its position as the world’s largest container shipping line, according to Alphaliner.   It is still the world’s largest ocean carrier by capacity but its closest rivals, Mediterranean Shipping Co. and CMA CGM, posted higher fleet growth rates during 2015.    It is safe from its closest rivals with a fleet growth of 4.1 percent in 2015, data from Alphaliner shows


Evergreen Group Chairman Dies at 88

Dr. Yung-Fa Chang (Photo: Evergreen Group)

Evergreen Group founder and Group Chairman Dr. Yung-Fa Chang passed away at the age of 88 in Taipei on January 20, 2016. Dr. Chang was born in 1927. He founded Evergreen Marine Corporation in 1968 with just one secondhand general cargo vessel, and by 1985, the company had become the world's largest container shipping line. In 1989 he established EVA Air, extending his global business empire from shipping to airline and land transportation.


UASC Shareholding States Vote to Back Hapag-Lloyd Merger

Photo: UASC

United Arab Shipping Company (UASC) said its six shareholding states backed a merger deal with German container shipping line Hapag-Lloyd AG at a meeting on Wednesday.   UASC, majority-held by the government of Qatar, said in a statement that "...all six of UASC's shareholding states voted unanimously to approve the proposed merger with Hapag-Lloyd AG (Hapag-Lloyd) with a relative valuation of the two businesses at 72 percent for Hapag-Lloyd's shareholders and 28 percent for UASC's


Carriers Playing Poker with Ports

Image: Drewry Shipping Consultants Limited

 Container shipping lines are in danger of putting future port investment at risk in their demands for terminal handling cost reductions, according to the recently launched Ports and Terminals Insight report published by global shipping consultancy Drewry.   Terminal operators face a “perfect storm” of rising costs due to bigger ships, greater business risks from larger liner alliances, softening global demand growth and pressure on terminal handling prices from


China COSCO to Post Profits for Q1

MV. COSCO LONGBEACH Photo:  China COSCO Holdings Company Limted

Boosted by an improving market and cost savings from a recent merger, China’s COSCO Shipping Holdings expected to report a profit in the first-quarter, says a report by Reuters.   In a stock market statement the  world's fourth-largest container shipping line said that it expects


Quality of Ocean Carriers “Poor to Average”

Image: Drewry Shipping Consultants Limited

 The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, according to a survey of exporters, importers and freight forwarders conducted jointly by Drewry and the European Shippers’ Council (ESC).  


Shanghai Grapples with Traffic Congestion

File Image (CREDIT: AdobeStock / (c) zhu difeng)

The world's busiest container port, Yangshan in China's business hub of Shanghai, is battling severe congestion wrought by dense fog, higher-than-usual volumes and the aftermath of a shake-up in shipping alliances, ocean carriers and port officials say.  


Yang Ming Halts Container Service to Iran

 Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, Reuters reported.  


MSC Mulls Stake in Messina

The world's no. 2 container line Mediterranean Shipping Company (MSC) is in talks to acquire a stake in smaller Italian counterpart Messina, the Swiss-headquartered group said, in another sign of consolidation in the sector. Container lines are battling their worst ever downturn due to a glut


Boxship Firms Sign up with Alibaba

File Image: A CMA CGM boxship condusting cargo operations alongside (CREDIT: Marad)

Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn.  


Gloria reachstackers for Messina Group

Gloria reachstackers delivered Photo Kalmar

Kalmar, part of Cargotec, has delivered nine Kalmar Gloria reachstackers to the Italian ro-ro and container shipping line Messina Group. The order includes a Kalmar Complete Care maintenance contract, which brings several advantages, such as financial predictability


Container Lines to Cut Terminal Cost in China

Pic: Cosco

 Eleven container liner transportation companies have promised to cut or standardize the Terminal Handling Charges (THC) in order to lower nearly 3.5 billion yuan burden of export enterprises each year, according to National Development and Reform Commission (NDRC).   


SM Line Launches New Shipping Services

Photo: SM KLC

 South Korea's new container carrier, SM Line, which is built mainly on the remains of collapsed Hanjin Shipping, plans to kick off operations with as many as nine routes this year.    According to Yonhap,  it will begin its services to Thailand, Vietnam


Maersk Invests in Refrigerant Container Units

Photo: Maersk Line

Maersk Line has ordered the first 100 of a total of 200 refrigerated containers to be chilled by Carrier Transicold’s NaturaLINE natural refrigerant based system. Carrier Transicold is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).


Container Shippers Ordered to Testify in US Investigation

File photo: Hapag-Lloyd

The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation into an industry that is the backbone of global trade, the companies said on Wednesday.   The world's biggest container shipper, Denmark's A.P


Singapore Approves Japan Shipping JV

Photo: Kawasaki Kisen Kaisha

 The Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture between three Japanese shipping lines.   Japan’s big three shipping groups, Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK)


Hapag-Lloyd Expects Rising Freight Rates in 2017

File Image: CREDIT - Port of Boston

Moderate increases in freights to be achieved in 2016; new Alliance membership starts on April 1.   German container shipping line Hapag-Lloyd expects freight rates to be several percentage points higher this year than in 2016, one of a number of factors that should help the company


Antwerp Focuses on India, China and Eastern Europe

Map with international representatives: Port of Antwerp

 Malini Dutt, Robert Feng and Martin Hubenack have recently been appointed to represent the port of Antwerp in India, China and Eastern Europe respectively.   This brings the number of port representatives to 12, reinforcing Antwerp's presence in its core hinterland and important


COSCO Shipping Reports $1.4 bln Loss for 2016

Photo: COSCO Shipping Holdings Co Ltd

China's COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company reported on Thursday, due to both persistently weak freight rates and restructuring costs. Freight shipping firms have been hit hard by a prolonged downturn in rates caused by






 
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