Liner Shipping

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Ambitious Quebec maritime strategy blueprint nearing completion - by Leo Ryan

The Quebec government that came to power last spring is proceeding with an unprecedented plan to soon unveil a maritime strategy blueprint seeking to transform the St. Lawrence River into a competitive gateway of choice for continental logistics and for trans-Atlantic trade in the coming years. A June launch date has been announced.

Maersk Line orders seven container vessels from China

Reuters | March 27, 2015 | Liner Shipping

Danish shipping firm Maersk Line has signed an order for seven container vessels from COSCO Shipyard in China as the first step in a $15 billion investment programme over five years. Read More »

Asia-Europe container freight rates fall 5.5%

Reuters | March 27, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 5.5 percent to $586 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

China Cosco dry bulk shipping losses reduced sharply this year

Reuters | March 27, 2015 | Liner Shipping

China Cosco said losses in its main dry bulk shipping business fell sharply in 2014 and its container shipping gross profit grew amid a still subdued global shipping market. Read More »

Panama Canal sets sights on new $17 billion expansion project

Reuters | March 26, 2015 | Liner Shipping | Ports & Terminals

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world's biggest ships. Read More »

Beijing subsidies help China Cosco to higher full-year profit

Reuters | March 26, 2015 | Breakbulk & Projects | Breakbulk | Liner Shipping

China Cosco , operator of the country's largest dry bulk fleet, posted a 54 percent rise in full-year profit, boosted by subsidies from Beijing amid a subdued market. Read More »

Baltic sea freight index flat on muted vessel activity

Reuters | March 26, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained steady on Thursday due to a muted vessel activity. Read More »

CMA CGM VOLGA enters the fleet

AJOT | March 25, 2015 | Liner Shipping

The CMA CGM Group has announced that the CMA CGM VOLGA entered the CMA CGM fleet on March 17th, and started her first rotation in Dalian, China, on March 20th. Read More »

Mega ships and cyber attacks pose new threats for maritime sector, according to new Allianz report

AJOT | March 25, 2015 | Liner Shipping

Shipping losses continued their long-term downward trend with 75 reported worldwide in 2014, making it the safest year in shipping for 10 years, according to Allianz Global Corporate & Specialty SE’s (AGCS)  third annual Safety and Shipping Review 2015, which analyzes reported shipping losses of over 100 gross tons. Read More »

Baltic sea freight index edge up slightly

Reuters | March 25, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged up on Wednesday as rates for large capesize as well as relatively smaller handysize and supramax vessels rose. Read More »

EU set to re-impose sanctions on more Iranian shipping companies

Reuters | March 24, 2015 | Liner Shipping

The European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic's transport sector which has sought an easing of trade restrictions, letters sent from the EU showed. Read More »

Baltic sea freight index up on higher capesize rates

Reuters | March 24, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday on higher rates for capesize vessels. Read More »

Mega ships and cyber attacks pose new threats for maritime sector, according to new Allianz report

AJOT | March 24, 2015 | Liner Shipping

Shipping losses continued their long-term downward trend with 75 reported worldwide in 2014, making it the safest year in shipping for 10 years, according to AGCS's third annual Safety and Shipping Review 2015, which analyzes reported shipping losses of over 100 gross tons. Read More »

South Asian beaches the target of new EU ship recycling rules

Reuters | March 24, 2015 | Liner Shipping

European, Turkish and Chinese recyclers are set to benefit from strict new EU rules on breaking up old ships, but the practice of dismantling them on beaches in South Asia at great human and environmental cost will still be hard to stop. Read More »

Not All Smooth Sailing Ahead for Container Shipping Carriers

GlobeNewswire | March 24, 2015 | Liner Shipping

The study notes that demand seems to continue to lag, as evidenced by weekly container pricing remaining relatively flat or down in the past 12 months for several transpacific trade routes, whereas critical Asia-Europe routes are down 15% or more. Read More »

EU set to re-impose sanctions on more Iranian shipping companies

Reuters | March 24, 2015 | Liner Shipping

The European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic’s transport sector which has sought an easing of trade restrictions, letters sent from the EU showed. Read More »

The CMA CGM VOLGA, 8th of the 28 vessels named after famous rivers series, enters the CMA CGM fleet

AJOT | March 24, 2015 | Liner Shipping

The CMA CGM Group is pleased to announce that the CMA CGM VOLGA entered the CMA CGM fleet on March 17th, and started her first rotation in Dalian, China, on March 20th. Read More »

Knightsbridge Shipping Limited application approved for the Oslo Stock Exchange

AJOT | March 23, 2015 | Liner Shipping

Knightsbridge Shipping Limited has announced that, in connection with the previously announced merger between Knightsbridge and Golden Ocean Group Limited its shares have been approved for a secondary listing on the Oslo Stock Exchange Read More »

Baltic index up with rising capesize and smaller vessel rates

Reuters | March 23, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued to rise on Monday, supported by positive capesize and smaller vessel rates. Read More »

Higher rates across all vessel segments propels Baltic index

Reuters | March 23, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday, propelled by higher rates across all vessel segments. Read More »

EU regulators order Cosco, Piraeus port operator to pay back state aid

Reuters | March 23, 2015 | Liner Shipping

European Union state aid regulators have ordered Greece to recover certain illegal fiscal benefits granted to Piraeus Container Terminal (PCT) and its parent company Cosco Pacific Ltd. Read More »