Liner Shipping

TUI taking time to decide on Hapag-Lloyd exit

AJOT | May 12, 2011 | Liner Shipping

TUI AG said it was taking its time to decide on how best to exit its stake in container shipping group Hapag-Lloyd.

The group, which also controls tour operator TUI Travel Plc , holds just under 50 percent of Hapag-Lloyd and is following a dual-track Read More »

Container firms passing on record bunker fuel costs to clients

AJOT | May 12, 2011 | Liner Shipping

Global container shipping firms are passing on record bunker fuel costs to retailers, manufacturers and other clients reliant on vessels for exporting their goods, an industry consultancy group said.

Singapore's benchmark bunker fuel price surged to 2 Read More »

Maersk first quarter tops forecast

AJOT | May 12, 2011 | Liner Shipping

A.P. Moller-Maersk reported first-quarter net profit at the top end of expectations, helped by higher than expected freight rates and buoyant oil prices.

They reiterated that 2011 earnings would be lower than 2010 and also repeated guidance for a "sat Read More »

Carrier expands service to Australia and New Zealand
PIL’s new route should aid exporters

AJOT | May 12, 2011 | Liner Shipping

Pacific International Lines has announced it is expanding its China Transpacific Service string to include ports in Australia and New Zealand on its westbound leg. Read More »

More Hapag-Lloyd options for TUI AG this time

AJOT | May 02, 2011 | Liner Shipping

Germany's TUI AG , the owner of Europe's largest travel firm TUI Travel , is seeking to exit its stake in container shipping group Hapag-Lloyd to focus on tourism activities.

With IPO markets volatile and its last attempt at selling off Hapag-Lloyd in Read More »

Shippers’ Voice calls for debate 
on container freight derivatives

AJOT | May 02, 2011 | Liner Shipping

Are container freight derivatives the solution to the continuing problem of excessive freight rates volatility or are they a casino, 'as reliable as rolling a dice'?

Shippers' Voice is encouraging shippers, freight forwarders, carriers and others to e Read More »

NOL carries 12% more cargo in 4 weeks

AJOT | May 02, 2011 | Liner Shipping

Neptune Orient Lines (NOL), the world's seventh largest container shipping firm, it carried 12 percent more cargo in the four weeks to April 8 from a year ago, helped by higher traffic on intra-Asia and Asia-Europe routes.

NOL carried 229,700 forty-fo Read More »

Horizon Lines reaches agreement with CSX on reduced vessel charter payments

AJOT | May 02, 2011 | Liner Shipping

Horizon Lines, Inc. announced that it has finalized an agreement with CSX Corporation to reduce charter payments on three vessels leased from CSX.

Under the agreement, charter hire expense has been reduced by $3 million annually, retroactive to Januar Read More »

Court reduces Horizon Lines’ fine to $15 million

AJOT | April 28, 2011 | Liner Shipping

Horizon Lines, Inc. announced that a federal court has granted a request by the U.S. Department of Justice to reduce the company's fine related to federal antitrust violations in the Puerto Rico tradelane from $45 million to $15 million. 

 Read More »

China COSCO posts Q1 loss on slumping shipping rates

AJOT | April 28, 2011 | Liner Shipping

China COSCO Holdings Co Ltd, flagship of the country's No.1 shipping conglomerate, posted a net loss of 503.3 million yuan ($77.3 million) in the first quarter as shipping rates slumped amid a supply glut.

China COSCO , which operates the world's larg Read More »

Horizon Lines reports first quarter financial results

AJOT | April 28, 2011 | Liner Shipping

Horizon Lines, Inc. reported financial results for the fiscal first quarter ended March 27, 2011.

As a result of previously announced plans to discontinue the logistics business, financial results are being presented on a continuing operations basis, Read More »

Factory-to-Dealer underscores Wallenius Wilhelmsen Business Strategy

AJOT | April 27, 2011 | Liner Shipping

In the case of rolling stock, Wallenius Wilhelmsen Logistics (WWL) has a simple approach to a complex transportation problem. Call it alpha-to-omega, soup-to-nuts or factory-to-dealer, the bottom line is WWL provides service from the beginning to the e Read More »

Horizon Lines receives Lowe’s Platinum Carrier Award

AJOT | April 27, 2011 | Liner Shipping

Horizon Lines, Inc. the nation's leading domestic ocean shipping company, has been awarded the 2010 Platinum Carrier Award by home improvement retailer Lowe's Companies Inc. Horizon was the only Jones Act ocean carrier so honored.


Lowe's presen Read More »

Four honors for NOL at Asian Freight awards

AJOT | April 27, 2011 | Liner Shipping

NOL Group won accolades for excellence in Shipping and Logistics and CEO Ron Widdows received the Lifetime Achievement Award at the 25th Asian Freight & Supply Chain Awards.

Both of NOL's principal businesses were honored at one of the longest-running Read More »

NYK provides free land transport of relief supplies by container trailer

AJOT | April 27, 2011 | Liner Shipping

From April 11 to 25, NYK used container trailers provided by Nippon Container Yuso Co. Ltd, an NYK Group company, to provide free land transport of relief supplies in 13 20-foot containers from Yokohama to areas affected by the Japan earthquake and tsunam Read More »

MOL revamps NKX India-Karachi service

AJOT | April 27, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the upgrading of its Singapore-Nhava Sheva-Karachi Service (NKX) into two new loops: 'NCX' linking China and Nhava Sheva, and KPX connecting Singapore with Pipavav and Karachi.

NCX will be MOL's first direct service Read More »

Container demand growth falls sharply in Q1 on oil, inflation

AJOT | April 27, 2011 | Liner Shipping

Global demand growth for seaborn containers, a key indicator of global economic activity, fell sharply in the first quarter as traffic slowed following last year's double-digit expansion, an industry consultancy group said.

Soaring oil prices and infl Read More »

NOL Group announces CEO succession plan

AJOT | April 24, 2011 | Liner Shipping

NOL Group announced its executive succession plan to appoint Mr. Ng Yat Chung the next Group President and Chief Executive Officer. Mr. Ng will take over from Mr. Ron Widdows, who will retire from his present post at the end of this year and remain as a Read More »

Toyota Logistics Services recognizes Crowley with Prestigious Logistics Excellence Award

AJOT | April 24, 2011 | Liner Shipping

Toyota Logistics Services recently presented Crowley Maritime Corporation's liner services group with its prestigious Excellence in Quality Award for 2010 in recognition of Crowley's outstanding performance transporting thousands of Toyotas from the U.S. Read More »

CMA CGM says 2nd ship docked in Ivoery Coast

AJOT | April 24, 2011 | Liner Shipping

CMA CGM said its second ship arrived in the port of Abidjan following the company's resumption of services to top cocoa producer Ivory Coast.

The arrival of the CMA CGM Cortes ship followed that of the CMA CGM Rabat, which has since left Abidjan, a sp Read More »