Liner Shipping

TSA publishes revenue index

AJOT | August 30, 2011 | Liner Shipping

The Transpacific Stabilization Agreement (TSA) has published a revenue index that tracks average revenue per FEU levels (base rate plus non-fuel ancillary charges, spot and contract rates, BCO and third-party shipments) for TSA member lines across the ent Read More »

CMA CGM Corporate Foundation mobilizes alongside the World Food Program to help Somalia

AJOT | August 29, 2011 | Liner Shipping

The CMA CGM Corporate Foundation has joined forces with the World Food Program (WFP), the United Nations agency at the forefront in the fight against hunger, to transport aid to the Horn of Africa, which is suffering its worst drought and famine for decad Read More »

China COSCO posts H1 loss on falling freight rates

AJOT | August 29, 2011 | Liner Shipping

China COSCO Holdings, flagship of the country's premier shipping firm, posted a higher-than-expected net loss of 2.76 billion yuan ($430 million) for the first six months of the year due to falling freight rates and high oil prices.

China COSCO , whic Read More »

China COSCO says ship seizures in disputes are common

AJOT | August 29, 2011 | Liner Shipping

China COSCO Holdings said that vessel seizures during contract disputes are common as it is embroiled in disagreements with several shipowners over payments.

China COSCO's President Zhang Liang told a news conference that the company had the ability t Read More »

CMA CGM confident in a fluctuating, difficult environment

AJOT | August 29, 2011 | Liner Shipping

CMA CGM, the world's third largest container shipping company, has reported revenue of $7.3 billion for the first six months of 2011, an increase of 8% compared with the year-earlier period. Business benefited from an increase in volumes carried and stabl Read More »

MOL earns commendation from Cambodian government for role in transport of medical vehicles and equip

AJOT | August 29, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. has announced that it has received a commendation from the government of Cambodia for its support of a project to supply the nation with medical vehicles and equipment in Phnom Penh.

MOL cooperated with non-profit organizatio Read More »

China COSCO says resolved some lease disputes, shipowners hopeful

AJOT | August 29, 2011 | Liner Shipping

China COSCO Holdings Co Ltd's president said the company has resolved lease disputes with shipowners on 18 vessels, and at least two Greece-based shipowners said they hope to reach a settlement soon.

Zhang Liang told a video conference in Hong Kong th Read More »

Evergreen Line boosts refrigerated fleet with energy efficient PrimeLINE’ units from Carrier Transic

AJOT | August 24, 2011 | Liner Shipping

With its latest order for 4,000 PrimeLINE' refrigeration units from Carrier Transicold, Evergreen Line, one of the world's largest container shipping companies, has tripled its initial investment in a unit that leads the industry in energy efficiency. Car Read More »

China COSCO seeks to reassure shipowners over unpaid bills

AJOT | August 24, 2011 | Liner Shipping

China COSCO Holdings, the country's top shipping company, sought to reassure investors that negotiations with shipowners over unpaid bills would be resolved and its business remained strong.

COSCO's decision to halt payments to several shipowners in t Read More »

Safmarine enhances its Europe - West Africa service portfolio

AJOT | August 24, 2011 | Liner Shipping

Safmarine has reshuffled a number of its existing West Africa shipping services and introduced three new services - the WAF11, WAF12 and WAF13 ' as part of its revised West Africa service portfolio.

According to Dirk Geens, Safmarine's Africa Trade Di Read More »

NOL carries 7% more cargo in 4 weeks to July 29

AJOT | August 22, 2011 | Liner Shipping

Singapore's Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, reported a 7 percent rise in its cargo in the four weeks to July 29 from a year ago, but weaker Asia-Europe and intra-Asia rates pushed its average revenue lower Read More »

Daewoo Shipbuilding wins $678 mlllion Hyundai Merchant order

AJOT | August 22, 2011 | Liner Shipping

South Korea's Daewoo Shipbuilding and Marine Engineering Co Ltd said that it has won a 734.5 billion won ($677.7 million) deal to build five container vessels for Hyundai Merchant Marine Co Ltd

Daewoo said delivery was scheduled for September 2014. Read More »

Evergreen Group Chairman Dr Y F Chang is honored in Rotterdam with Commander in the Order of Orange-

AJOT | August 22, 2011 | Liner Shipping

Evergreen Group Chairman Dr. Chang Yung-Fa was presented the honor of Commander in the Order of Orange-Nassau in recognition of his contribution to the port of Rotterdam and the development of Dutch economy. The award was presented on behalf of Beatrix Wi Read More »

Maersk cuts shipping view as container growth slows

AJOT | August 21, 2011 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk cut 2011 guidance for its core container business, as growth in demand for container shipping slowed amid the global economic slowdown and freight rates came under pressure.

The group, whose Maersk Line Read More »

Horizon Lines promotes Kazura to position of VP International Services

AJOT | August 21, 2011 | Liner Shipping

Horizon Lines, Inc., the nation's leading domestic ocean shipping company, has announced that Alherd Kazura has been appointed to the new position of Vice President of International Services. Kazura will report to Brian Taylor, Executive Vice President, C Read More »

CMA CGM signs a MOU for the expansion in Kingston of its future central hub in the Caribbean

AJOT | August 21, 2011 | Liner Shipping

The CMA CGM Group has announced the signing of a Memorandum of Understanding (MOU) for the operation, equipment and expansion of the Gordon Cay Container Terminal in the Jamaican port of Kingston, for a minimum period of 35 years. The project to develop t Read More »

LeanLogistics partners with Aberdeen Group to release industry benchmark report

AJOT | August 11, 2011 | Liner Shipping

LeanLogistics, a global solutions provider of transportation management system (TMS) applications and supply chain services, has partnered with Aberdeen Group to sponsor research for the Aberdeen Group benchmark report, "Integrated Transportation in a Cap Read More »

NOL Group reports US$67 million loss in first half of 2011

AJOT | August 11, 2011 | Liner Shipping

Global container shipping and logistics group Neptune Orient Lines (NOL) has reported a net loss of US$67 million for the first half of 2011 compared to a US$1 million net profit in the same period a year ago. The Group said it lost US$57 million in the Read More »

Pasha Hawaii cuts steel for second vessel

AJOT | August 11, 2011 | Liner Shipping

Honolulu-based Pasha Hawaii has announced the MV Marjorie C's first steel plate was cut, launching the official start of construction for the company's second vessel. The steel was cut at VT Halter Marine's shipyard in Pascagoula, MS. The Marjorie C Read More »

Matson to discontinue CLX2 Service; commitment to CLX1 reaffirmed

AJOT | August 11, 2011 | Liner Shipping

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