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Container lines grow their businesses

Nine of the world's largest container lines increased their revenue in the second quarter. The highest revenue is found at Maersk, although the shipping line also booked the lowest growth.

Evergreen scraps four vessels after pledging higher standards

According to shipbroker Braemer ACM, Evergreen has sent four container ships to be scrapped. Last week, the Taiwanese liner company pledged better safety to ShippingWatch after scrapping of an Evergreen vessel recently cost a yard worker his life.

Swarm of new container ships makes order book soar

The overall order book for new container ships is growing significantly, and there are more orders underway for everything from feeder ships to the largest vessels in the sector, according to Alphaliner.

Evergreen puzzled by blacklisting of beaching

Taiwanese container carrier Evergreen Marine does not understand why it has been blacklisted by Norway's Government Pension Fund Global (GPFG). The carrier does not find that it is responsible for how its ships have been scrapped.

Evergreen to order 20 new container ships

Taiwan's Evergreen Marine confirms a deal for 20 new 11,000 teu container ships. With the newbuilds, the carrier will be prepared for future demand, says the company in a press release.

Major carriers take larger piece of the US market pie

CMA CGM, MSC, Maersk, Hapag-Lloyd and Evergreen Line have increased their aggregate market share in the US this year, reports the Journal of Commerce. But new large players are major competitors vying the top five.

Container market uncertainty puts pressure on share prices

A share such as Hapag-Lloyd's ought to have surged in the wake of the positive quarterly result recently published, writes Drewry. The analysts find that several factors are impeding the stock's potential, one of which affects the industry as a whole.

Evergreen follows competitors with new Alibaba partnership

Evergreen Line has entered a partnership with Alibaba for online booking of container transport. The Taiwanese carriers thus follows suit behind competitors such as Maersk Line, CMA CGM, and Cosco, all of which have formed similar arrangements with the Chinese IT behemoth.

Evergreen chairman says rate war is over

A change of attitude has emerged in the container sector where carriers have realized that there is no use in offering rock-bottom prices, says Evergreen's chairman. He anticipates higher rates in 2017.

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