Liner Shipping

Evergreen Line to enhance cooperation with CKYH on Asia-Europe /Mediterranean trade

AJOT | December 27, 2011 | Liner Shipping

Evergreen Line, together with CKYH-the Green Alliance, has announced that all parties intend to enhance highest frequency of service loops, expedition of delivery terms and full scale of port coverage in their services. They have also agreed strengthen co Read More »

Hamburg S’d and MSC fuse Mediterranean ’ South America East Coast services

AJOT | December 22, 2011 | Liner Shipping

In view of continuous poor trading conditions and replacing its current service set up, effective from mid January 2012 Hamburg S'd and MSC will restructure their services between the Mediterranean and South America East Coast. The two currently separate Read More »

HNA says overseas acquisitions to continue in 2012

AJOT | December 22, 2011 | Liner Shipping

China's HNA Group, which recently bought General Electric Co's container leasing unit for $1 billion, said that it will continue to invest in foreign projects next year, aiming for overseas assets to make up two-fifths of its total assets in 3-5 years. Read More »

Grand, New World shipping lines create new Far East - Europe alliance

AJOT | December 21, 2011 | Liner Shipping

Six leading container shipping lines have agreed to create one of the largest vessel networks in the Far East-to-Europe trade lane. Read More »

Hamburg S’d restructuring services from Europe

AJOT | December 20, 2011 | Liner Shipping

Responding to changing market conditions and subject to approval by the Federal Maritime Commission (FMC), as from February 2012, Hamburg S'd will restructure its services from North Europe and Mediterranean to Central and South America West Coast as well Read More »

New CEO of Maersk Line

AJOT | December 20, 2011 | Liner Shipping

S'ren Skou has been appointed new CEO of Maersk Line with effect from 16 January 2012. S'ren Skou was previously CEO of Maersk Tankers and replaces Eivind Kolding who is leaving Maersk Line to become Chairman of the Executive Board of Danske Bank. Read More »

CMA CGM introduces the New Black Pearl Service

AJOT | December 20, 2011 | Liner Shipping

The CMA CGM Group has announced the launch of the new Black Pearl service, a better and faster direct service between the East Coast of North America and the West Coast of South America (Panama, Peru and Chile). This new service is part of the oper Read More »

Maersk Line drops vessel sharing deal with CMA CGM

AJOT | December 15, 2011 | Liner Shipping

Maersk Line will discontinue a vessel sharing agreement with CMA CGM in mid-Feburary and further develop its Daily Maersk service, Maersk said. Read More »

Seaspan to buy back shares at big premium

AJOT | December 15, 2011 | Liner Shipping

Seaspan Corp said it will buy back up to 10 million of its class A shares at a 43 percent premium, as the container shipping company looks to reassure investors amid a difficult freight market. Read More »

TTS lands historic winch order

AJOT | December 15, 2011 | Liner Shipping

TTS Marine GmbH in Bremen has won a contract to provide the anchor- and mooring winch system for the largest container vessels ever built. The agreement with Daewoo Shipbuilding & Marine Engineering Co. (DSME) in South Korea comprises the delivery of elec Read More »

APL sees difficult freight market in 2012

AJOT | December 13, 2011 | Liner Shipping

Shipping firms are operating in an unsustainable economic environment with prospects unlikely to improve much in 2012 due to high fuel prices, low freight rates and slowing demand, said the head of the world's sixth largest container firm. Read More »

Evergreen Line launches a weekly VMI service between 
Vietnam, Malaysia and Indonesia

AJOT | December 13, 2011 | Liner Shipping

In line with the trade growth and increasing capacity demand in intra-Asia trade, Evergreen Line has just introduced a weekly Vietnam-Malaysia-Indonesia (VMI) service from early December to enhance its Southeast Asia service network. Read More »

Maersk and the US Navy collaborate on biofuel initiative

AJOT | December 13, 2011 | Liner Shipping

Maersk and the US Navy are testing algae-based biofuel on the container ship Maersk Kalmar. The ship is en route from Northern Europe to India. Read More »

CMA CGM and OOCL partnership on the New Zealand to Far East Trade

AJOT | December 13, 2011 | Liner Shipping

CMA CGM has announced it will enter into partnership with OOCL on its ANZEX service deployed on the New Zealand to Far East Trade as from the end of December 2011. Read More »

Ports and carriers united on the need to weigh loaded containers

AJOT | December 13, 2011 | Liner Shipping

The International Association of Ports and Harbors (IAPH) has joined with the World Shipping Council (WSC), the International Chamber of Shipping (ICS), and BIMCO in the effort to encourage the International Maritime Organization (IMO) to amend the Safety Read More »

TUI aims for sale of shipping stake to Hamburg

AJOT | December 13, 2011 | Liner Shipping

German travel and logistics group TUI inched closer to exiting the container shipping industry by deciding to tender a 33.3 percent stake in Hapag-Lloyd to its majority shareholders, the Albert Ballin consortium. Read More »

Zepol reports November vessel imports decrease

AJOT | December 13, 2011 | Liner Shipping

Zepol Corporation, the leading trade intelligence company,reports that U.S. import shipment volume for November, measured in TEUs, decreased 2.12% from October and increased 0.17% from November of 2010. The total number of inbound shipments decreased 1.73 Read More »

CMA CGM announces the reorganization of its Asia-North Europe services

AJOT | December 08, 2011 | Liner Shipping

Following the operational partnership announcement with MSC, CMA CGM is pleased to announce the reorganization of its services to be implemented early April 2012 on the Asia-North Europe trade. Read More »

Hamburg S’d, Maersk, CMA-CGM, CSAV, CSCL winter season restructuring for Asia ’ South Africa/ South

AJOT | December 08, 2011 | Liner Shipping

In an effort to balance supply and demand during the forthcoming traditional period of weaker demand, Hamburg S'd and Maersk Line on the one hand and CMA-CGM, CSAV and CSCL on the other, have reached an agreement to combine their services between Asia, So Read More »

APL increases Japan coverage with MOL tie-up

AJOT | December 06, 2011 | Liner Shipping

Global container shipping leader APL has announced that it will enhance its Japan to Thailand and Philippines coverage as a slot operator in a tie-up with Mitsui O.S.K. Lines (MOL). The new service, named Japan-Thailand-Philippine (JTP) service, will enh Read More »