Liner Shipping

TSA lines announce 2012-13 revenue program including second interim rate adjustment

AJOT | February 22, 2012 | Liner Shipping

As container shipping lines face estimated 2011 losses in the billions of dollars across their global networks, including the transpacific trade, member carriers in the Transpacific Stabilization Agreement (TSA) have reaffirmed their commitment to restore Read More »

TUI cuts Hapag-Lloyd stake to 22 pct, eyes IPO

AJOT | February 22, 2012 | Liner Shipping

Germany's TUI AG said it may try again to float its stake in Hapag-Lloyd as part of its bid to exit completely from the shipping business, after it failed to agree a full sale to the container shipper's other shareholder. Read More »

Zepol reports January vessel imports increase 13.4%

AJOT | February 22, 2012 | Liner Shipping

Zepol Corporation, the leading trade intelligence company, reports that U.S. import shipment volume for January, measured in TEUs, increased 13.4% from December, and rose 5.8% from January of 2011. Read More »

APL to phase out US chassis fleet by 2014

AJOT | February 22, 2012 | Liner Shipping

APL said it will begin phasing out its U.S. fleet of cargo container chassis during the first half of 2012. The Singapore-based shipping line said it expects to complete divestiture of the fleet by 2014. Read More »

CMA CGM announces the reshuffling of its Asia-West Med Services

AJOT | February 22, 2012 | Liner Shipping

CMA CGM announces the reshuffling of its services on the Asia-West Mediterranean trade in partnership with Maersk Line (ML). Read More »

Container swaps taking time to gain momentum

AJOT | February 22, 2012 | Liner Shipping

The fledgling market in swap contracts to hedge exposure to volatile rates in the container freight market will take longer than expected to gain trading volumes as participants warm to the idea of using derivatives, brokers ACM/GFI said. Read More »

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

AJOT | February 22, 2012 | Liner Shipping

Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, today announced that the Company took delivery of the Panamax container vessel, m/v "APL Sardonyx", a 1995-built vessel of approximately 4,750 TEU ca Read More »

Hamburg Sud general rate increase for Australia / New Zealand Services

AJOT | February 22, 2012 | Liner Shipping

April 1, 2012, a General Rate Increase (GRI) will be applied to all cargo moving from the United States to Australia & New Zealand. Read More »

MSC’s Golden Gate Service to call Savannah

AJOT | February 22, 2012 | Liner Shipping

The Mediterranean Shipping Company has added Savannah to its weekly Golden Gate Service between the East Coast and Asia. The 12-vessel service includes the largest ships ever to call on Georgia's deepwater ports. Read More »

Port Authority of NY/NJ reports record growth in cargo volume at port

AJOT | February 22, 2012 | Liner Shipping

The Port Authority has announced that it set an all-time record for cargo volume at the Port of New York and New Jersey in 2011, surpassing the previous record set in 2007 before the start of the global economic downturn. Read More »

Maersk to reduce Asia-Europe capacity 9%

AJOT | February 21, 2012 | Liner Shipping

Maersk Line will cut 9 percent of its vessel capacity in the Asia-Europe trade in a bid to bolster rates hit by oversupply and cut costs. Read More »

Evergreen Line extends e-Commerce application
to mobile devices

AJOT | February 05, 2012 | Liner Shipping

Evergreen Line has launched "ShipmentLink Mobile", an application of its e-commerce system to handheld devices. The global ocean carrier is committed to providing customers with more efficient service to accommodate the growing number of those who work wi Read More »

MOL introduces technology to eliminate particulate emissions from vessels

AJOT | February 05, 2012 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. Has announced the start of a demonstration test of the Diesel Particulate Filter (DPF) system installed on the diesel engine used for power generation on an MOL Group-operated ocean-going vessel. This is the world's first applica Read More »

MOL-operated containership rescues 116 shipwreck survivors off Papua New Guinea

AJOT | February 05, 2012 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced that the MOL-operated containership MOL Summer rescued 116 survivors from the ferry Rabaul Queen, which sank about 17 km east of Papua New Guinea. Read More »

TUI AG nears deal on Hapag-Lloyd

AJOT | February 05, 2012 | Liner Shipping

German travel and logistics group TUI is close to a deal to sell part of its stake in container shipping company Hapag-Lloyd to its majority shareholder, the Albert Ballin consortium, two people close to the talks said. Read More »

Bj’rk.Eklund Group changes its name to Greencarrier AB

AJOT | February 01, 2012 | Liner Shipping

The Bj'rk.Eklund Group is changing its name to Greencarrier AB with effect from February 1, 2012. Previously the Greencarrier name had only been used by companies that formed part of Greencarrier Freight Services, the division of the Bj'rk.Eklund Group of Read More »

China shipping stocks up in HK on freight rate rise hopes

AJOT | February 01, 2012 | Liner Shipping

Shares of Hong Kong-listed Chinese shipping companies have rallied along with Asian rivals amid hopes they will be able to increase freight rates and expectations that Beijing's move to ban a new class of giant freight carriers from the country's ports co Read More »

Klinge makes offshore refrigerated container that meets ATEX Directive 94/9/EC for use

AJOT | February 01, 2012 | Liner Shipping

Nearly two years after the Deepwater Horizon oil spill, demand for offshore refrigerated containers continues to rise. Klinge Corporation has responded to the demand and now offers an offshore refrigeration unit Model PFR-571 ZII-II that complies with the Read More »

Effective March 1st 2012, MSC will implement rate surcharge

AJOT | February 01, 2012 | Liner Shipping

Effective March 1st 2012, MSC will implement the following rate surcharge: Read More »

APL’s 2011 on-time record in Trans-Pacific is 94%

AJOT | January 31, 2012 | Liner Shipping

APL, the world's seventh largest container shipping carrier, has announced that its on-time performance in the Trans-Pacific trade was 94% last year. Read More »