NOL Group reports US$67 million loss in first half of 2011

AJOT | August 11, 2011 | Liner Shipping

Global container shipping and logistics group Neptune Orient Lines (NOL) has reported a net loss of US$67 million for the first half of 2011 compared to a US$1 million net profit in the same period a year ago. The Group said it lost US$57 million in the Read More »

Pasha Hawaii cuts steel for second vessel

AJOT | August 11, 2011 | Liner Shipping

Honolulu-based Pasha Hawaii has announced the MV Marjorie C's first steel plate was cut, launching the official start of construction for the company's second vessel. The steel was cut at VT Halter Marine's shipyard in Pascagoula, MS. The Marjorie C Read More »

Matson to discontinue CLX2 Service; commitment to CLX1 reaffirmed

AJOT | August 11, 2011 | Liner Shipping

Citing sustained high fuel prices, downward rate pressure and overcapacity in the Transpacific trade, Matson announced that it is discontinuing in late August its expanded China ' Long Beach Express service (CLX2), which includes service to and from Hong Read More »

Crowley scheduled for inaugural Tampa Port call in Central American Ro/Ro service

AJOT | August 11, 2011 | Liner Shipping

Crowley Maritime Corp. has plans to make its inaugural port call to Tampa, Fla., on Friday, September 02, 2011, as part of its Central American Roll-on/Roll-off (Ro/Ro) service. This service accommodates Ro/Ro, breakbulk and project cargoes. Based on cur Read More »

Hamburg S’d receives two environmental awards in the USA

AJOT | August 11, 2011 | Liner Shipping

Hamburg S'd has again been honoured for its sustainable and environmentally conscious conduct. First, in late July 2011, it received the Air Quality Award from the San Pedro Bay Ports Clean Air Action Group (backed by the ports of Los Angeles and Long Bea Read More »

APL’s on-time record in Trans-Pacific hits 94% in first half 2011

AJOT | August 11, 2011 | Liner Shipping

Container shipping leader APL's on-time performance in the Trans-Pacific trade was 94% for the first half of 2011.

In its mid-year report on 2011 vessel reliability, the Singapore-based carrier said today that APL ships missed their arrival window onl Read More »

Wary retailers put holiday shipping boost in doubt

AJOT | August 11, 2011 | Liner Shipping

The struggling U.S. economy is beginning to take its toll on shipping companies which should be seeing a big boost from their peak season but instead find retailers delaying decisions about how much to import.

Retailers that had to discount sharply in Read More »

Hamburg S’d increases BAF for USA/Canada West Coast to European & Mediterranean destinations

AJOT | August 11, 2011 | Liner Shipping

Effective October 1, 2011, the Bunker Adjustment Factor (BAF) for all cargo moving from US and Canadian West Coast Ports to European and Mediterranean destinations will be increased from USD 346/20', USD 692/40' to USD 392/20', USD 784/40'. Read More »

China pushes hi-tech for shipbuilders to unseat South Korea

AJOT | August 11, 2011 | Liner Shipping

China should regain its status as the world's leading shipbuilder in the next few years if domestic suppliers such as China Rongsheng and Yangzijiang Shipbuilding quickly modernize their drydocks and close the technology gap with South Korean competitors. Read More »

Hyundai Merchant says to order 5 new container ships

AJOT | August 11, 2011 | Liner Shipping

Hyundai Merchant Marine said that it planned to order five new container ships worth a total of 695 billion won ($638.7 million).

Hyundai said in a regulatory filing that the addition of the five 13,100 twenty-foot equivalent unit (TEU) vessels would Read More »

Ship firms challenge EU on Iran sanctions

AJOT | August 11, 2011 | Liner Shipping

Several shipping companies have launched a legal challenge against the European Union after the bloc imposed sanctions on them over their suspected involvement in Iran's nuclear programme and arms trafficking, a court application showed.

In May the EU Read More »

BBC Chartering introduces TransPacific service

AJOT | August 03, 2011 | Breakbulk & Projects

Leading German heavy lift shipping company BBC Chartering announces the commencement of a new monthly liner service that connects Asia with North America. With the new service, BBC Chartering aims to further strengthen its position in the liner segment of Read More »

Famous Pacific Shipping goes for gold in Olympic train trials

AJOT | August 03, 2011 | Breakbulk & Projects

Famous Pacific Shipping (FPS), the fast-expanding Asia-based NVOCC and freight services provider, has donned its best sporting kit to start deliveries of railroad equipment from China to Brazil to support fans of the world's greatest sporting festival. < Read More »

Eagle Ford oil growth to support barge demand

AJOT | August 03, 2011 | Breakbulk & Projects

Demand for barges to ship crude from the Eagle Ford shale deposit should remain strong for the next few years, even as new pipeline capacity comes online, barge operator Kirby Corp. said.

A lack of pipeline capacity to move rising output from Eagle Fo Read More »

Growth fears add to dry bulk shipping crisis

AJOT | August 03, 2011 | Breakbulk & Projects

Growing fears for the world economy signal more pain and even bankruptcies among dry bulk ship owners who are getting rock-bottom rates to carry cargoes like coal and now face a glut of new vessels ordered when times were good.

The tougher climate has Read More »

Port of San Francisco’s Pier 80 welcomes freighter carrying wind turbines

AJOT | August 03, 2011 | Ports & Terminals

On August 2, 2011, The Port of San Francisco's Pier 80 Omni Terminal welcomed the M/V Star Hansa carrying wind turbine components for San Leandro, California-based Halus Power Systems. Halus imported wind tower sections, blades, nacelles, hubs and other Read More »

Port Metro Vancouver posts solid 2011 mid-year numbers

AJOT | August 03, 2011 | Ports & Terminals

Port Metro Vancouver has released its 2011 mid-year results, with stable numbers showing solid performance for Canada's largest and most diverse port. The 2011 mid-year statistics report shows the Port handled 58.7 million tonnes of cargo in the first six Read More »

Port of Long Beach cuts diesel pollution more than 70%

AJOT | August 03, 2011 | Ports & Terminals

The Port of Long Beach’s clean-air efforts are achieving dramatic across-the-board reductions in air pollution, including a 72 percent decline in diesel particulates, according to the latest comprehensive study.

The air quality improvements mark the f Read More »

Hutchison H1 undershoots due to 3G, port charge

AJOT | August 03, 2011 | Ports & Terminals

Li Ka-shing's ports-to-telecoms conglomerate Hutchison Whampoa fell short of forecasts for first half profits, dragged back by its 3G business and a bigger-than-expected charge on a major asset sale.

The company reported a more than sevenfold rise in Read More »

Konecranes expands its footprint in Saudi Arabia

AJOT | August 03, 2011 | Ports & Terminals

In June 2011, Konecranes acquired 100 percent of the Saudi Arabian crane manufacturer Saudi Cranes & Steel Works Factory Company Limited (“Saudi Cranes”). Saudi Cranes is headquartered in Al Jubail Industrial City and the company has approximately 100 emp Read More »