Liner Shipping

MSC Oscar Arrival of the world’s largest container ship in Rotterdam

AJOT | March 04, 2015 | Liner Shipping

On Tuesday afternoon, 3 March, the MSC Oscar will arrive at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59 meters wide ship is the largest container ship in the world. Read More »

Should carriers speed up again?

AJOT | March 04, 2015 | Liner Shipping

Over the last seven months oil prices have fallen more than most people had thought possible a year ago. As bunker prices are closely correlated with oil prices, a similarly large drop has been seen here. Read More »

Evergreen Line enhances Southeast Asia service

AJOT | March 04, 2015 | Liner Shipping

In light of the strong growth potential of the Intra-Asia trades, Evergreen Line is implementing service enhancements for its services to/from the Southeast Asian markets. The carrier will launch its new Taiwan-Shekou-Malacca Strait Service (TSS) later in March and will also introduce a dedicated Taiwan - Hong Kong Service (THK). Read More »

Saudi shipper Bahri plans 3.9 billion riyal, 10-year sukuk issue

Reuters | March 04, 2015 | Liner Shipping

National Shipping Company of Saudi Arabia (Bahri) plans to sell ten-year sukuk worth 3.9 billion riyals ($1.04 billion) by the end of March to repay debt and for general business purposes, a company executive said on Wednesday. Read More »

China says detained ship involved in “normal trade cooperation”

Reuters | March 04, 2015 | Liner Shipping

China’s foreign ministry said on Wednesday that a ship detained in Colombia for illegally transporting arms and operated by China’s largest shipping group was involved in “normal trade cooperation”. Read More »

Shipping industry faces shake up as private equity unwinds bets

Reuters | March 03, 2015 | Liner Shipping

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Read More »

Maersk: Mediterranean to United States General Rate Increase

AJOT | March 03, 2015 | Liner Shipping

Maersk Lines announced a General Rate Increase for Mediterranean to United States with an effective date of April 1, 2015. Read More »

Vessels for the Future - new research association to spur maritime transport’s competitiveness

AJOT | March 03, 2015 | Liner Shipping

Launched in November 2014, over 50 companies, research institutes, academic organizations and interested associations have already signed up to take part in the initiative to work towards a more sustainable European transport system. Read More »

MOL expands large-scale containership fleet

AJOT | March 02, 2015 | Liner Shipping

Building and chartering six 20,000 TEU containerships for more competitive services Read More »

Hapag Lloyd revises Export Reefer Connection Tariff to Italy

AJOT | March 01, 2015 | Liner Shipping

Hapag-Lloyd will revise the export reefer connection charge effective April 1, 2015. Read More »

Asia-Europe container freight rates fell 6.5%

Reuters | February 27, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5% to $938 per TEU in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

JAXPORT welcomes all-new 2015 Jeep Renegade

AJOT | February 26, 2015 | Liner Shipping | Ports & Terminals

FCA US LLC has selected JAXPORT to import its all-new 2015 Jeep® Renegade, the first Jeep ever to be built exclusively outside of the United States. AMPORTS will handle vehicle processing at JAXPORT’s Blount Island Marine Terminal and the SUVs will be shipped via Grimaldi Lines. Read More »

Maersk Line CEO says company will order mega-vessels in second quarter

Reuters | February 26, 2015 | Liner Shipping

Maersk Line will place an order for a number of new mega-container vessels, each with a capacity to hold around 18,000 20-foot containers, in the second quarter despite an imbalance between supply and demand in the industry. Read More »

Navios Maritime Partners L.P announces acquisition of option to acquire 13,100 TEU container vessel

AJOT | February 26, 2015 | Liner Shipping

Navios Maritime Partners L.P., an international owner and operator of container and drybulk vessels, has announced that it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party. Read More »

India to raise some freight rates from April 1st

Reuters | February 26, 2015 | Liner Shipping

India will increase some freight rates in the 2015/16 fiscal year that begins in April, the government said on Thursday. Read More »

North Korea shipping firm skirts sanctions by renaming ships

Reuters | February 25, 2015 | Liner Shipping

A U.N.-blacklisted North Korean shipping company has renamed most of its vessels in a bid to disguise their origin and continues its illicit shipments in violation of United Nations sanctions, according to a U.N. experts report seen by Reuters on Wednesday. Read More »

TSA Lines recommend April GRI to help address ongoing costs

AJOT | February 25, 2015 | Liner Shipping

Container shipping lines have begun the slow work of repairing their networks as U.S. West Coast congestion difficulties ease. Read More »

AMU and Rutgers CCICADA Center to Co-Sponsor First National Maritime Cybersecurity Symposium

AJOT | February 25, 2015 | Liner Shipping

Event Will Focus on Awareness and Best Practices in Cybersecurity Read More »

Maersk to hand $6.6 billion to investors after selling Danske stake

Reuters | February 25, 2015 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk will hand shareholders a $6.6 billion windfall in dividends this year after it sells its 20 percent stake in Denmark’s biggest bank Danske. Read More »

Crowley receives first wave of new container equipment

AJOT | February 24, 2015 | Liner Shipping

In response to high customer demand Crowley Maritime Corporation’s liner services group is deploying an influx of new equipment, including hundreds of chassis, ISO tanks and high-cube containers, for use in the company’s services between the U.S., Puerto Rico, the Caribbean and Central America. Read More »