Liner Shipping

Germany’s Meyer Werft buys Finland out of Turku shipyard

Reuters | April 15, 2015 | Liner Shipping

Germany’s family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Read More »

Baltic sea freight index inches up on bigger vessel activity

Reuters | April 14, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities edged higher on increased activity for bigger vessel segments. Read More »

G6 Alliance announces Asia – North America Summer Program

AJOT | April 14, 2015 | Liner Shipping

Members of the G6 Alliance announced the Summer Program for Asia - North America services in response to seasonal changes in market demand. Read More »

Baltic sea freight index down on muted shipping activity

Reuters | April 13, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged lower on Monday on muted shipping activity. Read More »

The CMA CGM Group upgrades its services in a strategic geographic area

AJOT | April 13, 2015 | Liner Shipping

The CMA CGM Group, one of the world’s leading container shipping companies, is pleased to announce its Gulfbridge service upgrade, and its Hispaniola feeder service optimization. Read More »

MOL Liner Ltd. and MOL Asia Ltd. announces senior management personnel changes

AJOT | April 13, 2015 | People | Appointments | Liner Shipping

MOL Liner and MOL Asia is pleased to announce that the companies had moved forward with changes in its senior management. Read More »

Qatar shipper Milaha eyes combining tanker business with UAE firm

Reuters | April 13, 2015 | Liner Shipping

Shipping firm Qatar Navigation said on Monday it was initiating talks with United Arab Emirates-based United Arab Chemical Carriers on a possible combination of their product and chemical tanker businesses. Read More »

Baltic sea freight index flat for second straight session

Reuters | April 12, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat for the second straight session on Friday on muted vessel activity. Read More »

Trident Alliance welcomes new members Crowley and Intermarine

AJOT | April 10, 2015 | Liner Shipping

Ship owners and operators continue their work through the Trident Alliance, the shipping industry initiative for robust enforcement of maritime sulphur regulations, and new members join. Read More »

Asia-North Europe container freight rates fall 8.8%

Reuters | April 10, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 8.8 percent to $466 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 »

Mexico says only holding North Korea ship to comply with U.N. rules

Reuters | April 09, 2015 | Liner Shipping

Mexico’s foreign ministry said on Thursday it is only holding a North Korean ship that ran aground in its waters last year in order to comply with United Nations rules. Read More »

Saudi shipper Bahri in deal with South Korea’s S-Oil

Reuters | April 09, 2015 | Liner Shipping

National Shipping Company of Saudi Arabia (Bahri) has agreed with South Korea’s S-Oil Corp to ship crude oil cargoes from the third quarter of this year. Read More »

Baltic sea freight index steady, vessel activity muted

Reuters | April 09, 2015 | Liner Shipping

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

Saudi’s Bahri says Q1 net profit more than doubles

Reuters | April 09, 2015 | Liner Shipping

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil shipper for Saudi Aramco, more than doubled its first-quarter net profit, according to a statement on Thursday. Read More »

North Korea warns will act to get back ship held by Mexico

Reuters | April 08, 2015 | Liner Shipping

North Korea accused Mexico on Wednesday of illegally detaining one of its ships with some 50 crew and warned it would take “necessary measures” to release the vessel, which United Nations sanctions monitors say belongs to a blacklisted shipping firm. Read More »

New appointments for IBIA Singapore office to boost Asian development

AJOT | April 08, 2015 | Liner Shipping

As part of its Asia business restructuring process, IBIA – International Bunker Industry Association – has appointed Jason Leong to head up its Singapore office and lead expansion in the Asia-Pacific region. Read More »

Baltic sea freight index falls on muted vessel activity

Reuters | April 08, 2015 | Liner Shipping

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

ICTSI Oregon, Inc. official statement on Hapag Lloyd’s termination of service to Portland

AJOT | April 08, 2015 | Liner Shipping | Ports & Terminals | Ports | Container Port

ICTSI Oregon, Inc. is very disappointed to hear the news of Hapag-Lloyd's decision to cease its direct MPS service calling Portland. Hapag-Lloyd has been very supportive and loyal to the Portland market. Read More »

Evergreen launches India - Gulf service

AJOT | April 07, 2015 | Liner Shipping

To improve its service on the India-Gulf trade, Evergreen Line will partner with Simatech, a leading feeder operator based in Dubai, in launching a joint Chennai-Colombo-Gulf Service (CCG) service next month.   Read More »

Lower vessel rates pull down Baltic sea freight index

Reuters | April 07, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Tuesday on lower vessel rates. Read More »