Liner Shipping

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 »

Horizon Lines names Rodriguez VP & General Manager, Puerto Rico

AJOT | March 07, 2012 | Liner Shipping

Horizon Lines, Inc, has named Richard Rodriguez, Vice President and General Manager, Puerto Rico. In this new role, Mr. Rodriguez will be responsible for all on-island sales and operations activity, local labor, security, as well as government relations. Read More »

Sea Star Line announces rate increases

AJOT | March 07, 2012 | Liner Shipping

Sea Star Line has announced that it is implementing a General Rate Increase effective April 1, 2012. The General Rate Increase of 3.5% will be administered on shipments between U.S. Ports and Puerto Rico. Sea Star Line cited escalating operational costs a Read More »

Maersk Line brings flagship service powered by BNSF Railway to North America

AJOT | March 06, 2012 | Liner Shipping

Maersk Line, the leading containerized shipping carrier in the world, announces an ultra-reliable, new Flagship import service direct from Asia to five key markets in North America ' Chicago, Dallas-Fort Worth, Houston, Memphis, and Northwest Ohio. Read More »

Diana Containerships Inc. announces the delivery of a Panamax container vessel, the APL Spinel

AJOT | March 04, 2012 | Liner Shipping

Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, has announced that the Company took delivery of the Panamax container vessel, m/v "APL Spinel", a 1996-built vessel of approximately 4,750 TEU capaci Read More »

New Maersk Line CEO sets sights on return to profit

AJOT | March 04, 2012 | Liner Shipping

The new head of Maersk Line said its top priority now is to restore profitability and is pressing ahead with tackling market overcapacity by reducing its own capacity. Read More »

MOL launches new performance measurement program for containership service

AJOT | March 01, 2012 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the launch of a plan to regularly publish the results of several key performance indicators (KPI) for its Containership service globally in the following categories: Operations, Environmental, and Safety. Read More »

Hyundai announces GRI for US to Middle East, India areas

AJOT | March 01, 2012 | Liner Shipping

Hyundai Merchant Marine have announced a general rate increase (GRI) for all cargo originating from North America to the Middle East and Indian sub-continent as part of their ongoing effort to shift momentum of revenue erosion in the US cargo market. Read More »

MSC annouces GRI for EX USA to IPAK, Middle East & Red Sea (export)

AJOT | February 29, 2012 | Liner Shipping

The GRI (general rate increase) will be effective April 1, 2012. Read More »

From binge to hangover, shipping firms bleed

AJOT | February 29, 2012 | Liner Shipping

Many of the giant cranes that tower over the port of Aarhus, Denmark's second-biggest city, are standing idle these days. Read More »

Matson to discontinue CLX2 Service; commitment to CLX1 reaffirmed

AJOT | February 28, 2012 | Liner Shipping

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

Wrecked ship’s officers plead guilty to NZ grounding

AJOT | February 28, 2012 | Liner Shipping

The Filipino captain and second officer of a container ship wrecked on a reef off a popular New Zealand holiday spot pleaded guilty to causing the country's worst environmental disaster in decades, maritime officials said. Read More »

WTSA Lines announce April guideline rate adjustments

AJOT | February 27, 2012 | Liner Shipping

Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have announced a new round of incremental dry cargo rate increases, part of their ongoing effort to stem revenue erosion in the U.S.-Asia cargo market. Read More »

WTSA Lines announce April guideline rate adjustments

AJOT | February 27, 2012 | Liner Shipping

Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have announced a new round of incremental dry cargo rate increases, part of their ongoing effort to stem revenue erosion in the U.S.-Asia cargo market. Read More »

CMA CGM announces the reshuffling of its Asia ’ US East Coast Services

AJOT | February 26, 2012 | Liner Shipping

CMA CGM announces the reshuffling of its services on the Asia ' US East Coast trade. Read More »