Liner Shipping

Private equity funding force in ship purchasing - by Matt Miller

Private equity firms have been aggressive in putting money into ship bottoms. But with a prolonged industry wide slump, getting a return on the assets has been challenging for the PE companies. Still with money in hand, PE firms remain ready willing and able to keep taking the plunge.

Hamburg Süd completes resumption of full West Coast port coverage

AJOT | April 24, 2015 | Liner Shipping

Hamburg Süd announced that the West Coast Americas Service (WAMS) will resume direct Oakland calls starting with the “Cap Palliser” voyage 520 on May 16, 2015. Read More »

Pasha Group’s acquisition of Horizon’s Hawaii business cleared by the DOJ

AJOT | April 23, 2015 | Liner Shipping

The U.S. Department of Justice (DOJ) has cleared The Pasha Group’s acquisition of the Hawaii trade-lane business of Horizon Lines, Inc. (Horizon). Read More »

Hamburg Süd 2014: Setting the course for the future

AJOT | April 23, 2015 | Liner Shipping

While global economic growth in 2014 remained at previous year’s level with 3.4 per cent, container shipments increased at a considerably higher rate of 5.4 per cent compared with the previous year (3.6 per cent). Read More »

Crowley honored with “Earth Day Award” for environmental initiatives

AJOT | April 23, 2015 | Liner Shipping

Crowley Maritime Corp. has been honored with the 2015 Federal Maritime Commission (FMC) Chairman’s Earth Day Award in recognition of the organization’s companywide environmental stewardship initiatives. Read More »

Major shippers remain sceptical about the benefits conferred by the development of larger shipping

AJOT | April 23, 2015 | Liner Shipping

David Panjwani, global logistics director for US machinery manufacturer John Deere said that the emergence of four large east-west shipping alliances, combined with the introduction of larger vessels and deteriorating schedule reliability levels had caused a series of problems in the company’s supply chain that impacted its customers.
 Read More »

Carrier Transicold helps shipping industry reduce greenhouse gas emissions with environmentally sust

AJOT | April 22, 2015 | Liner Shipping

Energy efficient container refrigeration systems introduced by Carrier Transicold in recent years are playing a vital role in helping the marine shipping industry strengthen its environmental profile. Read More »

Cheaper fuel to boost container shipping

Reuters | April 21, 2015 | Liner Shipping

Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel tumbles. Read More »

Hapag-Lloyd orders five container ships for more Panama Canal trade

Reuters | April 21, 2015 | Liner Shipping

Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal, the world's fourth biggest player said. Read More »

MOL (Canada) appoints Watson as Sales and Customer Service Manager

AJOT | April 21, 2015 | Liner Shipping

MOL (Canada) Inc. welcomed Allison Watson as the new sales and customer service manager, domiciled in Halifax, Nova Scotia. Read More »

Two ships run aground in Suez Canal, delaying traffic

AJOT | April 20, 2015 | Liner Shipping | Ports & Terminals

A container ship ran aground in Egypt's Suez Canal in dense mist on Saturday morning, the canal authority said, delaying traffic through a vital global trade route for several hours. Read More »

Asian grain mills stick with containers despite higher cost

Reuters | April 20, 2015 | Breakbulk & Projects | Breakbulk | Liner Shipping

Rapid growth in the use of containers to ship grains and oilseeds to Southeast Asia could take a step back this year after a fall in bulk freight rates to record lows, although smaller mills will mostly stick with containers, traders said. Read More »

APL, MOL, NYK launch joint service between Asia and South America

AJOT | April 20, 2015 | Liner Shipping

APL, Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have announced the launch of a new joint service between the major trading hubs of Asia and key ports in Mexico, Colombia and Panama. Read More »

TOTE launches world’s first LNG powered containership

AJOT | April 20, 2015 | Liner Shipping

More than 3,400 gathered to watch as the world’s first liquefied natural gas (LNG) powered containership, christened Isla Bella, was launched tonight in San Diego. Read More »

UASC now calling DP World London Gateway Port

AJOT | April 20, 2015 | Liner Shipping

United Arab Shipping Company (UASC) has started services to London Gateway on the South America 2 service (SAM2).   Read More »

Damen Shiprepair Dunkerque installs ballast water treatment system to Cable Innovator

AJOT | April 16, 2015 | Liner Shipping

Global Marine Systems Limited’s vessel Cable Innovator has recently left Damen Shiprepair Dunkerque (part of Damen Shiprepair & Conversion) after extensive work including the installation of a ballast water treatment system and a 5-year survey. Read More »

TRANSCOM warns of not committing to national maritime strategy – and strong U.S. Merchant Marine

AJOT | April 16, 2015 | Liner Shipping

Leaders of the military, Congress, and the maritime industry appeared together yesterday at the Navy League’s annual Sea-Air-Space Exposition – designed to bring the U.S. defense industrial base, private-sector U.S. companies and key military decision makers together. Read More »

Asia Dry Bulk Capesize rates likely flat as tonnage glut continues

Reuters | April 16, 2015 | Liner Shipping

Rates for capesize bulk carriers, which have remained close to six-year lows for the last three months, are likely to show little sign of improvement next week as too many ships chase too few cargoes, brokers said. Read More »

Energy company eyes Washington state’s Port of Longview for new project

Reuters | April 15, 2015 | Liner Shipping

Riverside Refining LLC is developing an energy infrastructure project for the Pacific Northwest and is considering Washington State’s Port of Longview as a potential location for it, the company’s CEO said on Wednesday. Read More »

Cargo ships stuck off Yemen as fighting worsens food supply

Reuters | April 15, 2015 | Liner Shipping

At least five merchant vessels carrying food are stuck off Yemen, shipping data showed on Wednesday, as warships from a Saudi-led coalition search them for weapons bound for Iran-allied Houthi rebel forces, with delays adding to a humanitarian crisis. Read More »

Fednav leads the way with an innovative ballast water solution on the Great Lakes

PR Newswire | April 15, 2015 | Liner Shipping

Fednav Limited, the largest Canadian operator of international ships in the Great Lakes-St. Lawrence Seaway system, today announced an order for 12 ballast water treatment systems to equip its ships currently under construction. Read More »