::Carriers anticipate losses in 2011, take gloomy outlook of 2012
29 Nov 2011 - 00:44 by News Editor

Global container shipping lines are anticipating losses for the full year 2011 and bracing for a gloomy 2012 marked by high costs, vessel glut, dwindling demand, and a depressed world economy.
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::CSAV posts Q3 loss, mulls sale of boxline operations
29 Nov 2011 - 00:43 by News Editor

Chilean Compañía Sud Americana de Vapores or CSAV is considering selling its container shipping operations following another revenue loss in the third quarter of the year.
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::Zim hit with $66-M loss in third quarter
29 Nov 2011 - 00:42 by News Editor

Israel-based Zim Integrated Shipping Services has suffered a $66 million loss in the third quarter of the year after a profit of $37 million last year as falling freight rates and rising fuel costs continue to hammer the container shipping sector.
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::PH economic body cites three concerns threatening maritime sector
28 Nov 2011 - 02:28 by News Editor

The Philippine National Economic and Development Authority (NEDA) has identified safety, overlapping and conflicting functions of transport and concerned agencies, and the threat made by the European Union to ban Filipino seafarers serving EU-flag ships as the three key maritime issues the Philippine government needs to address in the medium term.
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::MISC quits container shipping after $789-M loss
28 Nov 2011 - 02:26 by News Editor

MISC Bhd has announced its departure from the container shipping business after massive financial setbacks due to deteriorating industry conditions.
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