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Japanese carrier MOL warned Friday that it expects to lose money on its container ship business in 2008, because of losses on its North American routes. In a New Year's [...]

SHENZHEN, China -- Vessel capacity and shipper demand in the eastbound Pacific will be in equilibrium in 2008, leading to rate increases in the largest U.S. trade lane, a senior [...]

OTTAWA -- Cargo traffic on the St. Lawrence Seaway continues to decline and may have a hard time meeting full-year volume forecasts with just four months left in the 2007 [...]

TOKYO -- On Wednesday NYK and 'K' Line separately forecast group operating profits will rise sharply in the current fiscal year ending in March, 2008, helped by higher shipping rates [...]

Growing demand for dry bulk cargoes led MOL on Monday to announce plans to expand its bulkship fleet by 60 vessels from this month through the first half of 2012. [...]

The JOURNAL of COMMERCE ONLINE Maersk Line said it will deploy its largest ships in its Asia-Europe network and relaunch it in April with more direct calls and faster transit [...]

The JOURNAL of COMMERCE ONLINE Maersk Line on Wednesday announced that it would raise rates on the southbound leg of its Europe-Oceania service. The company attributed the increases to the [...]

The JOURNAL of COMMERCE ONLINE Scandlines, one of Europe's biggest regional cargo shipping lines, is expected to be sold in a deal worth close to $2 billion that will accelerate [...]

The JOURNAL of COMMERCE ONLINE A.P. Moller-Maersk on Thursday said its container shipping unit will lose around $600 million in 2006 compared with a year-earlier profit of $1.2 billion due [...]

Neptune Orient Lines said average revenue per container continued to slide in its most recent four-week reporting period even as container volumes continued to increase. The parent of APL said [...]

The JOURNAL of COMMERCE ONLINE Maersk Line plans to implement a number of service changes in the trades between West and Central Asia and Europe during the fourth quarter of [...]

The JOURNAL of COMMERCE ONLINE Neptune Orient Lines said its profits for the second quarter of 2006 fell by 66 percent to $67 million from $196 million the same quarter [...]

NYK Line on Friday posted earnings for the first quarter of fiscal 2006 that mirrored the disappointing results of the other leading Japanese carriers, MOL and 'K' Line. Like its [...]

Orient Overseas (International) Ltd. Group on Friday announced its after-tax profits slid by 9.2 percent in the first half of 2006, to $280.5 million compared with $308.9 million it earned [...]

Italia Marittima announced it will upgrade its U.S. East Coast-Mediterranean (MUS) service in a two-stage process that will see larger and faster ships serving the trade. Direct calls will be [...]

Hamburg Sud said revenue increased by 19 percent to 3.04 billion euros ($3.8 billion) in 2005, including $3.1 billion from liner operations, up $623 million from the previous year on [...]

Neptune Orient Lines Ltd. of Singapore has posted share increases for two years, although analysts say container shipping rates have peaked and the shipping industry concern may not be such a good investment in future. Also, there are more freight-shipping lines crowding the market and Chinese economic growth appears to be slowing.

LONDON -- P&O Nedlloyd, the container shipping line that has agreed to a $2.8 billion takeover by Maersk Sealand, said it expects to book a pre-tax profit in 2005 of [...]

The Ontario Securities Commission has reprimanded CP Ships for its delay in announcing the need to restate its earnings last year because of the discovery that it had underreported expenses [...]

LONDON -- P&O, the British ports and shipping group, today said container traffic through its global terminal network in 2005 would increase slightly less than previously forecast as slower growth [...]

B+H Ocean Carriers Ltd. announced that it agreed to purchase a 1992-built double-hull combination carrier of approximately 75,000 deadweight tons for $33,250,000 and also agreed to commit the vessel on [...]

Taiwanese shipping company Wan Hai Lines Ltd. Tuesday raised $325 million in 10-year bonds to help fund the expansion of its fleet. Wan Hai -- the largest container shipping firm [...]

China Cosco Holdings, parent of China Ocean Shipping planning an initial public offering, may suffer from a slump in freight rates next year but its diversified revenue streams puts it [...]

MC Shipping Inc. said Friday that it fell to a fourth-quarter loss because of substantial restructuring costs, but predicted growth in 2005 and said it will reinstate a cash dividend [...]

B+H Ocean Carriers Ltd. announced that it has taken delivery of three double-hull combination carriers, which it recently acquired for $110.2 million Feb. 28, March 8 and March 14. Each [...]

CP Ships said Friday it was lowering its forecast for full-year 2004 net income. 'Based on preliminary estimates, CP Ships expects its 2004 full year net income to be in [...]

Hanjin Group, South Korea's eighth-biggest industrial conglomerate by assets, said Thursday it aims to log 15.4 trillion won (US$14.7 billion) in sales from its airline and shipping units next year. [...]

'K' Line said it expects a second year of record sales and earnings in the year ending March 31, 2005, amid increasing demand for shipping containers and rising global trade. [...]

CP Ships today reported a 14.8 percent increase in third-quarter net profits on record volume despite sharply higher expenses. Net profits reached $31 million compared with $27 million in the [...]

Moving to meet its forecasts of a steady growth in demand, MOL on Friday announced it will order 10 large car carriers that will be delivered from 2007 to 2009. [...]

China Shipping Development Co. said Monday it expects its 2004 net profit to rise by more than 50 percent due to strong domestic and international shipping demand and a rise [...]

Evergreen Marine has set its sights on increasing its net profit margin to 30 percent by 2007. Speaking to the local media in Hong Kong, Evergreen President Arnold Wang said [...]

Malaysia International Shipping, the world's largest carrier of liquefied natural gas, is likely to post a 44 percent rise in quarterly profit due to firm freight rates and soaring LNG [...]

'K' Line said it is raising its forecast of consolidated profits for fiscal 2004 ending March 31, 2005, by 24 percent to 57 billion yen ($514 million) from $415 million [...]

CP Ships said it expects profits to outpace year-ago results on higher volumes in the first quarter. The carrier on Tuesday said first-quarter volume was 9 percent higher than the [...]

China Shipping Container Lines Co., preparing for a $2 billion initial public offering in Hong Kong, is likely to more than double its net profit this year, the company's listing [...]

MOL on Friday revised its estimates for the fiscal year that ended March 31, 2004. The company now said it anticipates revenues of $9.1 billion for the fiscal year, up [...]

MOL today announced plans to add 243 vessels to its fleet and more than double revenues over the next five years, part of a new five-year management plan that begins [...]

Danish bulk carrier TORM said after-tax profit increased to 1.051 million Danish kroner ($174 million) in 2003 against $70 million in 2002, including an unrealized gain of about $103 million [...]

FastShip, Inc., the long-delayed project to operate a fleet of super-fast container ships between the United States and France, got a reprieve Monday in the form of $40 million in [...]

Tanker and bulk carrier operator Torm, citing an increase in business, raised its 2003 profit estimates. In a press release Tuesday, the Denmark company said it anticipates 2003 net income [...]

Feb 03, 2005 (Lloyd's List Daily Commercial News - ABIX via COMTEX) ASP in Australia has contributed to the global group's fortunes, having made substantial profits in the past two [...]

Nov 18, 2004 (Lloyd's List Daily Commercial News - ABIX via COMTEX) K Line, MOL and NYK Line are Japan's three biggest shipping groups. All three companies have announced record [...]