Liner Shipping

Cleartrade, Drewry to launch container index

AJOT | July 18, 2011 | Liner Shipping

Drewry Shipping Consultants and Cleartrade Exchange will launch a Europe-based container index in September, providing weekly freight rates that shippers can use to hedge against future risk, though top companies will likely not participate. Read More »

Consolidation surges to record high in liner industry

AJOT | July 14, 2011 | Liner Shipping

Consolidation in the liner industry has surged to a record high as small start-up carriers find it increasingly difficult to compete against Maersk Line and other majors, an industry consultancy group said.

Industry leaders have placed multi-billion d Read More »

Maersk Line Ltd. wins US Navy prepositioning operation and maintenance contract

AJOT | July 14, 2011 | Liner Shipping

Maersk Line, Limited (MLL) has been awarded a multi-year contract for the operation and maintenance of five container and roll-on/roll-off ships in support of the Military Sealift Command's (MSC) and the Marine Corps Prepositioning Program. Read More »

WSC & MLIT submit proposal for new design and implementation of the Vessel Efficiency Incentive…

AJOT | July 13, 2011 | Liner Shipping

The World Shipping Council (WSC) and Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in February 2011 submitted a joint proposal to the International Maritime Organization (IMO) to consider a new Vessel Efficiency Incentive Scheme ( Read More »

Hamburg S’d rationalizes its North Europe ’ Eastern Mediterranean services

AJOT | July 13, 2011 | Liner Shipping

In response to unfavourable trading conditions, Hamburg S'd will rationalize its services between North Europe and the Eastern Mediterranean. From the first week of August onwards, the existing two-sling concept is to be reconfigured with the aim to ensur Read More »

Zepol reports June vessel imports decrease 4.57%

AJOT | July 13, 2011 | Liner Shipping

Zepol Corporation, the leading trade intelligence company, reports that U.S. import shipment volume for June, measured in TEUs, decreased 4.57% from May and 7.38% from June of 2010. The total number of shipments also decreased 4.79% from May and more than Read More »

New World Alliance to suspend Transpacific Service (PSW)

AJOT | July 13, 2011 | Liner Shipping

The New World Alliance (TNWA) ' APL Co. Pte Ltd (APL), Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) today announced suspension of the PSW Transpacific service (Pacific Southwest Service). Read More »

CMA CGM Group offers new railroad shuttle 
between Zeebrugge and Duisburg

AJOT | July 10, 2011 | Liner Shipping

The CMA CGM Group has announced the reinforcement of its intermodal offer with the introduction of a railroad service, connecting Zeebrugge's port and Duisburg's tri-modal hub, which started mid-June.

This fifth shuttle, the only one on the market, co Read More »

Maersk Group has joined the World Ocean Council to support global leadership and collaboration…

AJOT | July 10, 2011 | Liner Shipping

Through its signatory to the World Ocean Council, Maersk supports the efforts to promote sustainable development and stewardship through collaboration across private sector industries.

The World Ocean Council is the only international organization bri Read More »

Hamburg S’d's Santa Rita is christened in Sepetiba

AJOT | July 10, 2011 | Liner Shipping

On July 6, 2011, as part of a customer event, Hamburg S'd christened the container ship 'Santa Rita' in Sepetiba (Brazil). Sponsor of the 'Santa Rita' was Hayfa Konrad, wife of Joachim A Konrad, Deputy Chairman of the Executive Board of Hamburg S'd. Read More »

CMA CGM to launch a new service between Asia, Fiji Islands and New Zealand

AJOT | July 04, 2011 | Liner Shipping

CMA CGM Group is pleased to announce the launch of a new service connecting Asia, Fiji Islands and New Zealand, effective July 18th, 2011.

Named ANZEX, this new weekly service will deploy 7 ships of 1 800 TEU and will allow the Group to provide its cu Read More »

The CMA CGM Group expands its eco-container fleet

AJOT | July 04, 2011 | Liner Shipping

A pioneer in the development and provision of eco-containers for its customers, the CMA CGM Group has just acquired another 18,000 new units, bringing its eco-container fleet to nearly 140,000 teus.

Protecting the environment is one of the company's c Read More »

Alexander & Baldwin and Matson revised to stable

AJOT | July 04, 2011 | Liner Shipping

Standard & Poor's Ratings Services said it revised its outlook on Honolulu-based Alexander & Baldwin Inc. (A&B) and its ocean cargo carrier subsidiary Matson Navigation Co. Inc. (Matson) to stable from negative. We also affirmed our 'BBB+' long-term corpo Read More »

MOL enhances Asia-East Coast South America Service

AJOT | June 29, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd has announced an upgrade to its Asia-East Coast South America Service (CSW). From July 2011 through 2012, MOL will launch a total of 10 new 5,600 TEU containerships and replace with our currently-operated vessels. The newbuilding Read More »

NOL joint venture container terminal in Qingdao begins operations

AJOT | June 29, 2011 | Liner Shipping

NOL Group opened its new terminal at the Port of Qingdao with the arrival of the APL Dubai. Originally expected to open in the second half of 2011, the joint venture container terminal opened for business well ahead of schedule.

'We are happy that we Read More »

Maersk Line suspends some Iran ops over sanctions

AJOT | June 29, 2011 | Liner Shipping

Maersk Line suspended operations at several Iranian ports, potentially disrupting critical food shipments as it complies with tightening U.S. sanctions.

Maersk manages several refrigerated ships and container vessels that transport food to the country Read More »

Maersk Line N. America names new V.P. Global Contract Execution of US Military & Gov’t Cargo Service

AJOT | June 29, 2011 | Liner Shipping

Maersk Line North America has named Gordon Dorsey as Vice President of Global Contract Execution for U.S. Military and Government Cargo Services effective July 1, 2011. In his new role, he will be responsible for Read More »

German shippers see no let-up in piracy

AJOT | June 29, 2011 | Liner Shipping

German shippers are increasingly turning to private security suppliers to combat the threat of piracy, a study showed.

Somali pirates are making millions of dollars in ransoms from seizing ships in the Indian Ocean and Gulf of Aden, despite attempts b Read More »

Ship industry confidence hits 2-year low

AJOT | June 29, 2011 | Liner Shipping

Confidence in the shipping industry has fallen to its lowest level in two years as vessel oversupply issues and rising bunker fuel costs have taken their toll, a survey showed.

The latest quarterly shipping survey by accountancy and advisory firm Moor Read More »

China shipping exchange launches first forward freight

AJOT | June 29, 2011 | Liner Shipping

The Shanghai Shipping Freight Exchange Co (SSEFC) has launched China's first forward freight container contract, allowing local exporters and shipping companies to manage growing volatility in freight rates.

The forward contracts are based on shipping Read More »