Liner Shipping

Evergreen Line Launches China-Surabaya Service

AJOT | May 14, 2015 | Liner Shipping

In view of the increasing market demand resulting from significant trade growth between China and the ASEAN countries, Evergreen Line will partner with COSCO and China Shipping in launching a joint China-Surabaya Express (CSX) Service. This is Evergreen's latest initiative to enhance its service on the Intra-Asian trade. Read More »

Iranian ships fire warning shots at Singapore-flagged vessel in Gulf

Reuters | May 14, 2015 | Liner Shipping

Iran’s Revolutionary Guard Corps Navy fired warning shots over Singapore-flagged cargo vessel in international waters in the Gulf on Thursday, prompting the cargo vessel to flee into United Arab Emirates’ territorial waters, a U.S. official told Reuters, saying the account was based on preliminary information. Read More »

MOL Tabletop Drill prepares for major offshore incident

AJOT | May 14, 2015 | Liner Shipping

Scenario: Cruise ship collides with another vessel on Kanmon passage, engine room flooded Read More »

U.S. Kerry to take tough approach in China over South China Sea

Reuters | May 14, 2015 | Liner Shipping

U.S. Secretary of State John Kerry will leave China “in absolutely no doubt” about Washington’s commitment to ensuring freedom of navigation and flight in the South China Sea when he visits Beijing this weekend, a senior State Department official said on Wednesday. Read More »

Top Carriers - 1st Quarter Comparison in TEUS

AJOT | May 13, 2015 | Liner Shipping

Jan-Mar 15 vs. Jan-Mar 14 Read More »

Yemen war risk could strangle strategic sea trade routes

Reuters | May 13, 2015 | Liner Shipping

With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily. Read More »

Danish shipper Torm posts first quarterly profit in five years

Reuters | May 13, 2015 | Liner Shipping

Debt-stricken Danish tanker operator Torm has posted its first quarterly net profit in five years thanks to higher freight rates. Read More »

Maersk beats forecasts, loses shipping market share

Reuters | May 13, 2015 | Liner Shipping

Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk’s forecast-beating results on Wednesday had been helped by one-offs. Read More »

Paraguayan Embassy Thanks MOL for Transporting Wheelchairs for Children in Paraguay

AJOT | May 13, 2015 | Liner Shipping

Implementing Social Contribution Program, Unique to MOL, Drawing upon its Global Network Read More »

Maersk and Valspar Complete Waterborne Conversion at Southern China Facility

PR Newswire | May 13, 2015 | Liner Shipping

After extensive line trials, Maersk Container Industry's factory in Dongguan has begun full production of dry containers coated with Valspar Aquaguard®, a zinc-free waterborne coating solution that provides industry-leading protection against corrosion. Read More »

Maersk says lower oil prices compensate for weak freight rates

Reuters | May 13, 2015 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk said lower oil prices that translated into low fuel costs for its vessels more than compensated for a drop in container freight spot rates. Read More »

Maersk Q1 beats forecasts, lifts 2015 forecast slightly

Reuters | May 13, 2015 | Liner Shipping

Danish oil and shipping group A.P. Moller-Maersk reported first-quarter net earnings above forecasts on Wednesday as the decline in shipping fuel costs more than offset a drop in freight rates. Read More »

Hapag Lloyd swings to Q1 profit

Reuters | May 13, 2015 | Liner Shipping

German shipper Hapag-Lloyd swung to a first-quarter profit thanks to the stronger U.S. dollar, lower bunker fuel prices and first effects from its merger with Chilean shipper CSAV. Read More »

U.S. calls on Iran to redirect Yemen-bound cargo ship

Reuters | May 12, 2015 | Liner Shipping

The United States called on Iran on Tuesday to send humanitarian relief for Yemen to a U.N. distribution center in Djibouti and criticized plans, reported by Iranian state media, for Iranian warships to escort a cargo vessel directly to Yemen. Read More »

Troy Container Line announces retirement of Vice President, celebrates 20 years of service

AJOT | May 12, 2015 | People | Appointments | Liner Shipping

NVOCC Says Farewell to Valued Team Member Read More »

Christening in Le Havre of the CMA CGM Kerguelen happening today

AJOT Administrator | May 12, 2015 | Liner Shipping

Being the third world containership operator, CMA CGM has chosen HAROPA - Port of Le Havre to christen its new sea giant vessel, the Kerguelen. A choice which proves the confidence that the major world ship-owners have placed in the professionalism of HAROPA, the leading container port for the external trade of France. Read More »

Iranian warships will escort Yemen-bound cargo ship

Reuters | May 12, 2015 | Liner Shipping

Iranian warships will accompany a cargo ship bound for the Yemeni port of Hodaida, held by Iran-allied Houthi fighters, a naval commander was quoted as saying by state news agency IRNA on Tuesday. Read More »

Danish shipper D/S Norden’s shares jump as Q1 profit tops forecast

Reuters | May 12, 2015 | Liner Shipping

Danish shipping company D/S Norden beat first-quarter operating profit forecasts on Tuesday, boosting its shares by as much as 9 percent. Read More »

Gold Star Line to Launch a New China-Korea-Philippine Service

PR Newswire | May 11, 2015 | Liner Shipping

Gold Star Line is pleased to announce the new China-Korea-Philippine Service (CKP), offering best-in-market transit time and convenient calls suited to customers’ needs. Read More »

Higher capesize rates perks up Baltic index

Reuters | May 11, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday, supported by increased demand for capesize vessels. Read More »