Liner Shipping

Hamburg S’d and Germanischer Lloyd join forces to develop emission management system

AJOT | September 14, 2011 | Liner Shipping

Hamburg S'd and the classification society Germanischer Lloyd are jointly developing an innovative data management system for systematically capturing all environmentally relevant ship operation information. The future 'GL Emission Manager' will permit de Read More »

Horizon Lines closes on $25.0 million bridge loan

AJOT | September 14, 2011 | Liner Shipping

Horizon Lines, Inc. announced that it has closed on a bridge loan facility of up to $25.0 million from certain of its 4.25% convertible note holders, as part of the comprehensive refinancing agreement between the company and its note holders announced lat Read More »

CMA CGM improves the US East Coast port coverage of its CAGEMA service

AJOT | September 14, 2011 | Liner Shipping

The CMA CGM Group is pleased to announce the reshuffling of its CAGEMA Main Liner service, linking the United States East Coast and the Caribbean, effective 9th September 2011. Read More »

Maersk throws down challenge on Asia-Europe routes

AJOT | September 11, 2011 | Liner Shipping

Maersk Line, the world's biggest container shipping company, threw out a challenge to rivals by introducing a more streamlined and frequent service without a premium surcharge on its key Asia-Europe routes.

With freight rates under pressure, Maersk's Read More »

Evergreen named as a top supplier for Sear Holdings

AJOT | September 11, 2011 | Liner Shipping

Evergreen has been named a 2010 Partner in Progress for Sears Holdings Corporation. Evergreen received the award for the ocean carrier's unique dedication to service commitment, quality and innovation.

It was based on "space protection" that Evergreen Read More »

Somalia pirates free MV Panama after $7 mlllion ransom paid

AJOT | September 11, 2011 | Liner Shipping

Somali pirates freed the Liberian-flagged container ship MV Panama seized last December after receiving a $7 million ransom, pirates holding the ship told Reuters.

The vessel was hijacked on Dec. 10 en route from Tanzania to Mozambique with a crew of Read More »

Maersk Line says container sector to stay depressed

AJOT | September 11, 2011 | Liner Shipping

Conditions in the overall ship container industry will remain depressed in the coming months due to a glut of ships on order, the chief executive of Maersk Line said.

Prospects for a recovery in the global container shipping industry could be derailed Read More »

Hamburg S’d: mobility at sea and on the Web

AJOT | August 30, 2011 | Liner Shipping

Since the beginning of August 2011 Hamburg S'd has offered its customers and others interested in its portfolio of products and services a mobile website for smartphones. Under the domain m.hamburgsud-line.com users can now also very easily access all the Read More »

Maersk Line says to resume service to Libya port

AJOT | August 30, 2011 | Liner Shipping

Maersk Line will resume its cargo service to Libya on Sept. 8 in its first shipment since February, a spokesman said.

Maersk Line, a unit of Danish shipping and oil group A.P. Moller-Maersk, said it would only call at the east Libyan port of Benghazi Read More »

GT Nexus Shipper Council takes action to support Maersk Line’s call for radical change in the…

AJOT | August 30, 2011 | Liner Shipping

The GT Nexus Shipper Council, a customer community of the world's biggest importers and exporters, has announced that is has engaged Maersk Line in response to the ocean carrier's recently announced 'Manifesto', which calls for changes in the way carriers Read More »

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 »