Liner Shipping

Bankrupt FastShip to pursue patent case vs. US government

AJOT | March 21, 2012 | Liner Shipping

FastShip Inc, which was planning a high-speed trans-Atlantic container vessel service, filed for Chapter 11 bankruptcy protection, and said it will pursue a case against the U.S. government for infringing the patents on its ship design. Read More »

Hapag-Lloyd sees end to shipping companies’ price war

AJOT | March 20, 2012 | Liner Shipping

Hapag-Lloyd expects the price war among global container shipping companies to end and freight rates to rise, not expecting a return to "satisfactory" results before the third quarter. Read More »

Purfresh adds key personnel to support growth in Latin America

AJOT | March 20, 2012 | Liner Shipping

Purfresh, Inc., a market leader of ocean transport and supply chain management technologies that optimize the quality and safety of fresh produce as it moves around the world from the farm to the consumer, has announced expansion in Latin America with the Read More »

Klinge Corporation introduces new lower-cost version of its Blast Freezer Container

AJOT | March 19, 2012 | Liner Shipping

Following Klinge Corporation's acquisition of Norfrig Equipment, a leading supplier of ultra-low temperature refrigeration and thawing solutions, the company has announced the release of their lower-cost Blast Freezer Container. The Blast Freezer, Model C Read More »

2011 industry top-seller: Carrier Transicold’s high efficiency PrimeLINE’ Container Refrigeration Un

AJOT | March 18, 2012 | Liner Shipping

Reflecting the shipping industry's continued trend in the adoption of energy efficient equipment that reduces lifecycle costs, Carrier Transicold reported that its PrimeLINE' container refrigeration unit has surpassed previous records, selling nearly the Read More »

Hamburg S’d and Alian’a reconfigure their North Europe ’ East Coast South America service

AJOT | March 18, 2012 | Liner Shipping

In response to changing market conditions, Hamburg S'd and Alian'a have decided to restructure their service between North Europe and East Coast South America. Read More »

Hapag-Lloyd renames container ship after the Port of Halifax

AJOT | March 18, 2012 | Liner Shipping

Hapag-Lloyd has renamed one of its vessels after the Port of Halifax. Hapag-Lloyd, a leading global container shipping company, has been calling the Port of Halifax for over 40 years. This is the first time a container vessel has been named after the Po Read More »

Maersk sees bleak freight outlook, capacity reduction

AJOT | March 14, 2012 | Liner Shipping

Global maritime firms are starting to take container ships out of operation as rising fuel prices and falling freight rates erode profits, the head of industry leader Maersk Line said. Read More »

TSA lines recommend additional April 15 rate adjustment

AJOT | March 13, 2012 | Liner Shipping

Following on a previously announced March 15 $300 general rate increase (GRI) which they expect to be widely applied, 15 member carriers in the Transpacific Stabilization Agreement (TSA) are recommending a further increase of US$400 per 40-foot container Read More »

Maersk seeks low-grade biofuel to cut CO2

AJOT | March 13, 2012 | Liner Shipping

Maersk Line is seeking a low-grade biofuel to help curb its seaborne pollution and reduce its dependency on the volatile bunker fuel market, the head of the company's environment division said. Read More »

MSC boosts to Lithuania’s Klaipeda port

AJOT | March 13, 2012 | Liner Shipping

Mediterranean Shipping Company (MSC), has committed more traffic to Lithuania's Klaipeda port in a move expected to divert traffic from Antwerp and Bremerhaven. Read More »

Japan’s troubled Sanko Steamship says operations normal

AJOT | March 13, 2012 | Liner Shipping

Japan's Sanko Steamship sought to reassure its clients that day-to-day operations for nearly 200 vessels were running as normal, four days after alerting creditors that it would not be able to pay some of its bills on time. Read More »

Zepol reports February vessel imports decrease 17.5%

AJOT | March 13, 2012 | Liner Shipping

Zepol Corporation, the leading trade intelligence company, reports that U.S. import shipment volume for February, measured in TEUs, decreased 17.5% from January, and dropped 3.4% from February of 2011. Total inbound shipments are also down from January by Read More »

Hamburg S’d general rate increase for US Gulf Coast to South America East Coast

AJOT | March 13, 2012 | Liner Shipping

Effective April 15, 2012, a general rate increase (GRI) will be implemented on all cargo moving southbound from or via United States Gulf Coast ports to South America East Coast. Read More »

OOIL’s profit dives; outlook gloomy

AJOT | March 11, 2012 | Liner Shipping

Hong Kong-based container ship operator Orient Overseas (International) Ltd (OOIL) posted a 90 percent slide in 2011 profit and warned of a tough year ahead with East-West trade running at a loss and a possible slowdown in its business within Asia. Read More »

Saltchuk Resources promotes Chiarello to president & CEO of TOTE

AJOT | March 11, 2012 | Liner Shipping

TOTE, Inc. is the largest of six operating groups owned by Seattle-based Saltchuk Resources, Inc., and includes five companies organized in maritime, logistics and ship management lines of business. Read More »

Evergreen Line and CKYH enter into individual cooperation agreements

AJOT | March 11, 2012 | Liner Shipping

Evergreen Line and Cosco, "K" Line, Yang Ming, Hanjin have agreed to initiate individual cooperative arrangements on Asia-Europe trades starting April 2012 as announced last December. Read More »

COSCO Container Lines Americas announces new Asia/Gulf of Mexico Service

AJOT | March 11, 2012 | Liner Shipping

COSCO Container Lines Americas, Inc. has introduced a new service connecting Asia and the Gulf of Mexico via the Panama Canal. The announcement was made by Timothy Marsh, CCLA's Vice President North American Sales. The Gulf of Mexico Express service, desi Read More »

MOL to open new Singapore-Yangon Service

AJOT | March 08, 2012 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the opening of the new route 'SYX' linking Singapore and Yangon starting on March 17. Read More »

Grand Alliance decides to move to Tacoma

AJOT | March 08, 2012 | Liner Shipping

Hapag Lloyd, OOCL, and NYK as members of the Grand Alliance have unanimously agreed to move their Pacific North West (PNW) operations to Port of Tacoma, WA. The GA has been a longtime supporter of Port of Seattle, WA and after an extensive deliberation pr Read More »