Liner Shipping

CMA CGM: new giant of the seas christened in Dunkirk

AJOT | May 26, 2011 | Liner Shipping

The CMA CGM Group, the world's third largest container shipping company and first in France, announce that the CMA CGM TITAN, an 11,400 teu* vessel, was christened at the Dunkirk Terminal in the presence of her godmother, Mrs Laurence Parisot, President o Read More »

Hamburg S’d and Maersk Line add second sling to their joint Asia ’ South Africa/South America…

AJOT | May 26, 2011 | Liner Shipping

After reducing their joint Asia ' South Africa/South America East Coast Service in the slack season to one sling, Hamburg S'd and Maersk Line will again be adding a second sling to their service concept with effect from July 2011. With this move, the serv Read More »

NOL Group invests in two-berth terminal at Port of Qingdao 

AJOT | May 19, 2011 | Liner Shipping

NOL Group announced a joint venture to operate a two-berth container terminal at the Port of Qingdao. The terminal, expected to open in the second half of 2011, will be NOL's first in mainland China.

"Today we've taken a significant step to strengthen Read More »

Rickmers container vessel breaks all records as she sails into the Baltic

AJOT | May 19, 2011 | Liner Shipping

The arrival from China of the Rickmers-owned containership Maersk Elba at the DCT Gdansk terminal on May 11th marked a new era in Baltic shipping. At 13,092TEU and carrying containers 17-wide below deck and 19-wide on the hatchcovers, she is the biggest c Read More »

Safmarine’s reefer express returns

AJOT | May 19, 2011 | Liner Shipping

The seasonal SAECS Reefer Express (REX) service, which was first launched three years ago to provide extra capacity during the South African peak fruit season, is back for the 2011 season.

According to Safmarine's South Africa-Europe trade manager, Ia Read More »

Hamburg S’d eminently sustainability-focused

AJOT | May 19, 2011 | Liner Shipping

A few days ago the Fraunhofer Working Group for Supply Chain Services SCS published the study 'Sustainability Index for Logistics Service Providers'. The study analyzed how transparently logistics service providers report on their activities in the area o Read More »

EU raids Asian shipping firms’ Europe offices in antitrust probe

AJOT | May 19, 2011 | Liner Shipping

European Union officials have raided the European offices of a number of Asian shipping firms as part of a probe into suspected price fixing in the sector, the firms said.

Neptune Orient Lines(NOL), Orient Overseas (International) Ltd (OOIL), Evergree Read More »

WSC comprehensive review concludes equipment supply will be tight

AJOT | May 17, 2011 | Liner Shipping

Recognizing that questions arise from time to time about the adequacy of the supply of containers, the World Shipping Council undertook an evaluation of whether the expected global container fleet size is sufficient to handle the expected cargo demand. T Read More »

NOL Group reports US$10 million first quarter net loss

AJOT | May 17, 2011 | Liner Shipping

NOL Group, the Singapore-based container shipping and logistics company, today reported a first quarter 2011 net loss of US$10 million compared to a net loss of US$98 million in the same period last year. Read More »

MOL raises Y55 million to assist rescue and relief efforts

AJOT | May 17, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. reported that it has donated a total of about \55 million to the Japan Red Cross Society and Central Community Chest for the Great East Japan Earthquake relief efforts. MOL raised the donation among MOL Group executives and emplo Read More »

EU watchdogs raid Maersk and other shippers

AJOT | May 17, 2011 | Liner Shipping

European Union regulators raided several liner shipping companies, including Danish group A.P. Moller-Maersk, on suspicion of price fixing, the Commission and Maersk said. Read More »

ACL to transport The Royal Shakespeare Company’s latest production for New York’s Lincoln Center…

AJOT | May 17, 2011 | Liner Shipping

Atlantic Container Line, an international transportation leader, is set to move The Royal Shakespeare Company's 90 containers of theatrical equipment and staging from Liverpool, New York City. In this rare U.S. appearance, the Company's six-week Read More »

Premium Article  Diana Shipping eyes more vessel purchases

AJOT | May 15, 2011 | Liner Shipping

Greek drybulk carrier Diana Shipping Inc said it is close to buying a vessel and is looking to add more to its fleet as slack demand and ship over supply has lowered asset prices.

Too many ships and a fragile global economy has skewed the demand-suppl Read More »

Premium Article  Norden faces tough dry cargo market in 2011

AJOT | May 15, 2011 | Liner Shipping

Danish shipper D/S Norden expects a challenging year in 2011 due to a difficult dry cargo market which contributed to a fall in first-quarter operating profits.

"The dry cargo market in the first quarter was exactly as difficult as one could have fear Read More »

Premium Article  Cargo ship with 24 Chinese onboard hijacked

AJOT | May 15, 2011 | Liner Shipping

A bulk cargo ship with 24 Chinese on board was hijacked by seven pirates in the central Arabian Sea, Xinhua news agency reported, citing the China sea rescue center.

It said the Panama-registered vessel, which it did not name, was hijacked at noon Bei Read More »

CMA CGM to launch a new service between Asia, Indian Ocean Islands and South Africa

AJOT | May 12, 2011 | Liner Shipping

CMA CGM Group announced the launching of a new service linking Asia, Indian Ocean Islands and South Africa, effective May 8th, 2011.

Called Shaka Express, this new weekly service will deploy 6 vessels between 4500 and 6500 TEU, and will allow CMA CGM Read More »

Zepol reports April vessel imports increase

AJOT | May 12, 2011 | Liner Shipping

Zepol Corporation, the leading trade intelligence company,reports that U.S. import shipment volume for April, measured in TEUs, increased 7.95% from March and 5.68% from April of 2010. The total number of shipments also increased 7.25% from March and near Read More »

OOIL says orders six container vessels from Samsung

AJOT | May 12, 2011 | Liner Shipping

Orient Overseas (International) Ltd said it has ordered four new container ships from Korean shipbuilder Samsung Heavy Industries Co Ltd for a total of $544 million. Read More »

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 »