Liner Shipping

Rickmers takes delivery of its final two 13,100TEU container vessels

AJOT | June 26, 2011 | Liner Shipping

Another naming ceremony for two 13,100TEU container vessels being built for the Rickmers Group took place on 31 May at the Ulsan shipyard of Hyundai Heavy Industries. TAURO RICKMERS and LIBRA RICKMERS are the final two ships in an eight-ship series being Read More »

APL adjusts Trans-Pacific fuel surcharge to reflect slow-steaming

AJOT | June 26, 2011 | Liner Shipping

Container shipping line APL has announced a new fuel surcharge formula in the Trans-Pacific Trade that reflects the financial impact of slow-steaming, the industry-wide practice of reducing vessel speed to reduce fuel consumption, control costs and reduce Read More »

Evergreen Line received Top Ocean Carrier Award from Ryder System

AJOT | June 26, 2011 | Liner Shipping

Evergreen Line has been named the international maritime commerce recipient of the 2010 Ryder Carrier Quality Award presented by Ryder System, Inc.), a leader in transportation and supply chain management solutions. Ryder presented the awards in Miami thi Read More »

Horizon Lines receives 2011 Vessel Awards for safety and stewardship

AJOT | June 26, 2011 | Liner Shipping

Horizon Lines, Inc., America's leading domestic ocean shipping company, has received recognition from the Chamber of Shipping of America (CSA) and the United States Coast Guard (USCG) for its record of safety and stewardship.

CSA presented Horizon Lin Read More »

Hyundai Samho wins $1.3 blllion container ship order from NOL

AJOT | June 26, 2011 | Liner Shipping

South Korea's Hyundai Samho Heavy Industries said that it has won an order for 10 container ships worth a total of 1.4 trillion won ($1.3 billion) from Singaporean shipping company Neptune Orient Lines Ltd

The 10 vessels with a capacity of 13,900 twen Read More »

Oman signals intent to buy Hapag-Lloyd stake

AJOT | June 16, 2011 | Liner Shipping

An Omani state-owned fund has told TUI AG in writing that it wants to buy a stake in Hapag-Lloyd from the German tourism group, a person familiar with the matter said.

There is no binding agreement yet, though, the person said, and China's HNA Group i Read More »

Hanjin Shipping to invest $845.9 mlllion in 5 vessels

AJOT | June 16, 2011 | Liner Shipping

South Korea's Hanjin Shipping Co Ltd said that it would spend 923.6 billion won ($845.9 million) on building five container ships. Read More »

Maersk Line says Asia freight rates very low

AJOT | June 16, 2011 | Liner Shipping

Container shipping rates are still low on Asia-to-Europe routes because of a glut of capacity entering the market, the head of the world's biggest container shipping company told a German paper. Read More »

Maersk sees bumper growth in Asia-Africa commods trade

AJOT | June 16, 2011 | Liner Shipping

Maersk Line, the world's top container shipping firm, sees double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year as demand for food commodities surges in frontier markets, an executive said.

Maersk, CMA CGM, Nippo Read More »

MSC to implement a PSS ex all Far East/Asia to USA & Canada

AJOT | June 14, 2011 | Liner Shipping

MSC will implement a Peak Season Surcharge (PSS) ex all Far East/Asia to USA and Canada as follows effective July 15, 2011.

To US East Coast, US West Coast and US intermodal points moving through US East and West Coasts: Read More »

NOL signs letters of intent to build 12 new ships

AJOT | June 14, 2011 | Liner Shipping

NOL Group signed letters of intent to build 12 new container vessels. The ships, all to be built in South Korea, would include:

  • Ten 14,000-TEU vessels to be constructed by Hyundai Samho Heavy Industries Co., Ltd; and
  • Two 9,200-TEU ve Read More »

SIRAT appointed CMA CGM Group CFO

AJOT | June 14, 2011 | Liner Shipping

CMA CGM Group reinforces its financial organization with the appointment of Michel Sirat to the position of Group Chief Financial Officer.

With degrees from respectively the Institut d'Etudes Politiques of Paris, the Ecole Centrale of Paris and the Ec Read More »

Crowley vessels & crews awarded Chamber of Shipping of America 2010 James F. Devlin Awards for…

AJOT | June 14, 2011 | Liner Shipping

Thirty-nine Crowley Maritime Corporation vessels and their crews were awarded the 2010 Jones F. Devlin Award for safety during this month's Chamber of Shipping of America (CSA) Annual Safety Awards Luncheon. Together these vessels represent 160 total year Read More »

Zepol reports April vessel imports increase 7.95%

AJOT | June 14, 2011 | Liner Shipping

Zepol Corporation, the leading trade intelligence company, reports that U.S. import shipment volume for May, measured in TEUs, increased 9.27% from April and 8.76% from May of 2010. The total number of shipments also increased 9.35% from April and more th Read More »

MOL earns environmental ratings from DBJ


AJOT | June 13, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the company's acquisition of the 'DBJ Environmental Ratings' from the Development Bank of Japan Inc. (DBJ), and received a loan based on the rating.

MOL's acquisition of the DBJ Environmental Ratings is the first in Read More »

Yangzijiang wins $700 mlllion shipbuilding contracts

AJOT | June 13, 2011 | Liner Shipping

Singapore-listed Chinese shipbuilder Yangzijiang said it had won contracts worth $700 million to build seven container ships for Seaspan Corporation with options for another 18, which could lift the total value to around $2.5 billion.

The seven vessel Read More »

Safmarine launches new iPhone application


AJOT | June 13, 2011 | Liner Shipping

Shipping line Safmarine has added another e-product to its range of e-Business accessories with the launch of the Safmarine application for iPhone, iPad and iPod Touch devices. Read More »

NOL says shipping line president has resigned

AJOT | June 13, 2011 | Liner Shipping

Singapore's Neptune Orient Lines (NOL) said the president of its APL shipping business has resigned and will be replaced by the current president of North Asia region.

Eng Aik Meng will leave the company on Sep 1 to take a new position outside the tra Read More »

Horizon Lines completes preparedness excerises for Atlantic hurricane season 2011

AJOT | June 06, 2011 | Liner Shipping

Hurricane season in the Atlantic begins this week. Horizon Lines knows the best time to plan for a disaster is before it happens. An investment in planning alternate routes between Puerto Rico and the mainland can prevent damage of cargo and disruption of Read More »

Horizon Lines receives notice regarding NYSE Listing criteria

AJOT | June 02, 2011 | Liner Shipping

Horizon Lines, Inc. announced that the New York Stock Exchange (NYSE) has notified the company that it has fallen below the NYSE's continued listing standards related to minimum market capitalization in combination with stockholders' equity.

Horizon L Read More »