Liner Shipping

Shipping Corp share sale covered nearly 5 times on last day

AJOT | December 05, 2010 | Liner Shipping

Indian state-run Shipping Corp of India's follow-on share sale of up to $259 million was subscribed nearly 5 times, the final day of the offer, marking the latest in a series of successful offerings by the federal government this fiscal year.

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MOL opens Ivory Coast office

AJOT | December 05, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL), one of the world's largest global multimodal transportation companies, opened its own office in Abidjan, Ivory Coast on 1st December 2010. Read More »

Shipping industry urges action to address overweight containers

AJOT | December 05, 2010 | Liner Shipping

The World Shipping Council (WSC) and the International Chamber of Shipping (ICS) urged the International Maritime Organization (IMO) to establish an international legal requirement that all loaded containers be weighed at the marine port facility before t Read More »

CMA CGM and YILDIRIM sign agreement

AJOT | December 05, 2010 | Liner Shipping

The agreement enables CMA CGM to strengthen its equity base and secure the financing of its investment plan.
Under its terms, YILDIRIM Group will invest $500 million in CMA CGM by acquiring five-year ORA equity notes giving access to 20% of CMA CGM Read More »

SeaFreight announces the inauguration of Costa Rica and Nicaragua service

AJOT | December 05, 2010 | Liner Shipping

Miami operated SeaFreight Line announced that it will begin a new weekly fixed day service calling on Costa Rica and Nicaragua via Puerto Limon in December. The new service will commence from Jacksonville Florida on December 6th and Port Everglades Dec 7t Read More »

Dole Ocean Cargo Express selects Descartes’ Customs Filings Solution

AJOT | December 05, 2010 | Liner Shipping

Descartes Systems Group announced that Dole Ocean Cargo Express, a division of Dole Food Company, has selected Descartes' Global Filer to manage its import and export customs filings for the upcoming European Union (EU) regulations on advanced entry (ICS) Read More »

Evergreen Line to vessel-share with MCC Transport on Malaysia-Bangladesh Service

AJOT | December 05, 2010 | Liner Shipping

Evergreen Line will be vessel sharing with MCC Transport on its Malaysia - Bangladesh Shuttle (MBS) service commencing December 16, 2010.

Evergreen Line has served transport cargo to and from the Bangladesh area by common feeder at Colombo Harbor. Due Read More »

Horizon Lines honored with Environmental Excellence Recognition by the Chamber of Shipping of…

AJOT | December 05, 2010 | Liner Shipping

Horizon Lines, Inc. the leading U.S. domestic ocean shipping and integrated logistics company, has been recognized for outstanding achievements in environmental excellence by the Chamber of Shipping of America (CSA) at a dinner ceremony in Washington, D.C Read More »

CMA CGM confirms its commitment to climate change initiatives

AJOT | December 05, 2010 | Liner Shipping

While CMA CGM has already reduced CO2 emissions by 35% since 2005, the Group continues to pursue actions taken to minimize the impact of its activities on the environment.

The reduction of CO2 emissions on a global level is an essential factor for th Read More »

Crowley vessels honored with CSA Environmental Achievement Awards

AJOT | November 23, 2010 | Liner Shipping

Crowley Maritime Corporation was recently honored with 85 Certificates of Environmental Achievement for 2010 during a Chamber of Shipping of America awards ceremony in Washington, DC. The certificates were awarded to Crowley-owned and -operated vessels fo Read More »

TSA recommended 2011-12 program focuses on revenue stability

AJOT | November 23, 2010 | Liner Shipping

After two quarters of healthy revenues, an early end to the transpacific peak season has left that trade lane lagging relative to other Asia container markets, while operating costs continue to rise. Member shipping lines in the Transpacific Stabilization Read More »

Matson’s 2011 Westbound Hawaii Service rates to increase

AJOT | November 23, 2010 | Liner Shipping

Matson Navigation Company announced today that it will raise its rates for the company's Hawaii service by $120 per westbound container and $60 per eastbound container, effective January 2, 2011. Matson estimates that this increase will raise rates by an Read More »

Maersk 500 mlllion euro bond pulls in 1.6 blllion euro orders

AJOT | November 21, 2010 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk sold 500 million euros ($698.5 million) of new seven-year bonds in an oversubscribed offering that was part of a policy to diversify its funding.

The 2017 bond, only Maersk's third corporate bo Read More »

CMA CGM extends its Black Pearl Service to the West Coast of South America

AJOT | November 21, 2010 | Liner Shipping

The CMA CGM Group is pleased to announce the extension of its Black Pearl service to the West Coast of South America (Ecuador, Peru, Panama and Chile). This upgrade comes as a response to a growing market demand for exports between the US and the West Coa Read More »

ECU LINE starting a new direct service ex Warchau to Far East

AJOT | November 21, 2010 | Liner Shipping

In line with the expectations of ECU LINE POLAND to become a leading NVOCC in the Polish market in the next two years , ECU LINE POLAND has taken the necessary steps to secure its presence on the market for future developments.

ECU LINE POLA Read More »

Maersk hires banks for possible bond issue

AJOT | November 15, 2010 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk is considering a new offering of bonds and has engaged banks to advise it.

Investor relations chief Henrik Lund said on Friday the group had hired Barclays, BNP Paribas, Danske Bank, HSBC and R Read More »

Horizon Lines to launch US inland express network for Five Star Express Trans-Pacific Liner Service

AJOT | November 15, 2010 | Liner Shipping

Horizon Lines, the leading U.S. domestic ocean shipping and integrated logistics company, announced it will launch express intermodal container service to key inland U.S. cities when it begins the new Five Star Express (FSX) trans-Pacific liner service in Read More »

Crowley names new General Manager of Puerto Rico Operations

AJOT | November 15, 2010 | Liner Shipping

Crowley Maritime Corporation announced that Jose "Pache" Ayala has been promoted to general manager of operations for the company's liner services group in Puerto Rico. In this role, he will direct port operations, equipment control, information technolog Read More »

Evergreen Line supports new low sulfur program at ports of Hong Kong and New York/New Jersey

AJOT | November 11, 2010 | Liner Shipping

Evergreen Line has announced the implementation of Hong Kong's "Fair Winds Charter" (Voluntary Clean Fuels Initiative for ocean-going vessels calling at Hong Kong) and the Port of New York/New Jersey's "Ocean-Going Vessel Low-Sulfur Fuel Program" pursuing Read More »

Maersk Line CEO sees strong container market in 2011

AJOT | November 11, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipper, is optimistic for next year on strong demand growth from emerging markets and stable freight rates, its chief executive said.

"We do see the (industry) growth next year could be 7 to 8 perce Read More »