Liner Shipping

Shipco enhances LCL service offering from Australia to the US

AJOT | March 01, 2011 | Liner Shipping

Shipco Transport, one of the world's leading neutral consolidators, has launched a fortnightly direct less-than-container-load service between Adelaide, Australia and Los Angeles, California. The new offering provides a competitive and economical option f Read More »

APL’s 2010 on-time record in Trans-Pacific ’ 95%

AJOT | March 01, 2011 | Liner Shipping

Container shipping leader APL's on-time performance in the all-important Trans-Pacific Trade was 95% last year. In its final report on 2010 vessel reliability, the Singapore-based carrier said today that APL ships missed their arrival window just 12 tim Read More »

Container rates may begin to rally in April on box shortages

AJOT | March 01, 2011 | Liner Shipping

The cost to ship goods on container ships could begin to spike as early as April due to an expected shortage of boxes and limited inland transportation capacity, a senior industry executive said.

Soaring oil prices above $110 a barrel have forced vess Read More »

Sea Star Line’s Colman elected to American Bureau of Shipping

AJOT | March 01, 2011 | Liner Shipping

Jim Colman, Assistant Vice President of vessel operations for Jacksonville, Fla.-based Sea Star Line, LLC, has been elected to a five-year term of membership to the American Bureau of Shipping (ABS).

Founded in 1862, ABS serves the marine, offshore an Read More »

Maersk Line introduces new Trans-Pacific coverage to answer customer need

AJOT | March 01, 2011 | Liner Shipping

Maersk Line announced deployment of an enhanced Trans-Pacific service network at the end of May 2011. The design of the network is geared to deliver comprehensive coverage of key markets in Asia and North America and continue to improve upon our industry Read More »

Rate increase for service between US and Australia/ NZ

AJOT | March 01, 2011 | Liner Shipping

Carriers providing service from the United States to Australia and New Zealand wish to advise their customers that they have adopted a guideline calling for a General Rate Increase of $100.00 US per 20ft container and $200.00 US per 40ft container to appl Read More »

CMA CGM strengthens its services from Asia to the West Coast of the US

AJOT | March 01, 2011 | Liner Shipping

CMA CGM Group announced the upgrading of its services between Asia and California, to meet the growing demand on the transpacific trade expected in 2011 and in the years to come.

As of May 2011, the consolidation of its partnerships will enable CMA CG Read More »

Chiquita expands investment in Carrier’s PrimeLINE’ refrigeration unit

AJOT | March 01, 2011 | Liner Shipping

Chiquita Brands increased its investment in Carrier Transicold PrimeLINE' container refrigeration units nearly fivefold in 2010, based on the solid performance track record and energy-savings of the PrimeLINE units, demonstrated through research. Carrier Read More »

Horizon Lines may breach financial covenant

AJOT | February 27, 2011 | Liner Shipping

Cargo shipper Horizon Lines LLC said it may breach its financial covenants as it expects weak first-quarter results due to the seasonality of its new trans-Pacific service between the U.S. West Coast and China.

The North Carolina-based company suspend Read More »

NOL endows scholarship to honor Lua Cheng Eng

AJOT | February 27, 2011 | Liner Shipping

NOL Group announced a $400,000 gift to Singapore Management University (SMU) to endow a scholarship commemorating the late Lua Cheng Eng.

Lua, who passed away last November at the age of 72, was CEO of the container shipping and logistics company for Read More »

CMA CGM reports excellent performance for 2010

AJOT | February 27, 2011 | Liner Shipping

The Board of Directors of France-based CMA CGM, the world's third largest container shipping group, met under the chairmanship of Jacques R. Saad' to review the financial statements for the year ended 31 December 2010. Read More »

Horizon Lines announces management changes

AJOT | February 27, 2011 | Liner Shipping

Horizon Lines, Inc. announced that the company's Board of Directors has named Alex J. Mandl to the position of Chairman and appointed Stephen H. Fraser as interim President and Chief Executive Officer (CEO), succeeding Chairman, President and Chief Execut Read More »

Horizon Lines reaches resolution with Department of Justice and moves forward on debt refinancing ef

AJOT | February 27, 2011 | Liner Shipping

Horizon Lines, Inc. confirmed that it has entered into a plea agreement with the Antitrust Division of the U.S. Department of Justice (DOJ). Under the agreement, which is subject to court approval, Horizon Lines will plead guilty to a charge of violating Read More »

Maersk guides for lower 2011 after record profit

AJOT | February 23, 2011 | Liner Shipping

A.P. Moller-Maersk said it will not repeat last year's record earnings in 2011 due to expected lower oil output combined with uncertainty about freight rates and oil prices.

The shipping and oil group beat 2010 forecasts on the back of a container shi Read More »

UPS expands throughout Asia its expedited ocean freight service

AJOT | February 23, 2011 | Liner Shipping

On the heels of a successful rollout in Japan, UPS announced the expansion of its UPS Preferred LCL (less-than-container-load) Ocean Freight service to 10 additional Asian ports. The service provides up to 40 percent faster port-to-door delivery to the U Read More »

NOL to boost orders to address freight shortage

AJOT | February 23, 2011 | Liner Shipping

Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, will order more vessels to address an expected shortage in the global freight market within a few years, its chief executive said.

The remarks come three days after A.P. Read More »

Royan named Director, Business Information Management & Corporation Documentation by Hamburg S’d…

AJOT | February 23, 2011 | Liner Shipping

Hamburg S'd North America, Inc. announced that effective March 1, 2011, Tawab Royan will assume the post of Director, Business Information Management and Corporate Documentation, based at the firm's North American main offices in Morristown, NJ. Read More »

Hapag-Lloyd to be worth as much as $4.75 blllion

AJOT | February 21, 2011 | Liner Shipping

Hapag-Lloyd, the world's fifth-largest container shipping line, aims to be valued at between 3 billion and 3.5 billion euros ($4.07 billion-$4.75 billion) when it lists on the German stock exchange on April 15, a newspaper reported.

Citing an analyst Read More »

Daewoo wins up to $5.7 blllion Maersk ship order

AJOT | February 21, 2011 | Liner Shipping

Daewoo Shipbuilding & Marine Engineering has landed a $1.9 billion order from A.P. Moller-Maersk to build 10 huge container ships, with options to deliver another 20 similar vessels.

At a cost of $190 million per vessel, Maersk said the total contract Read More »

Maersk likely to use first half of Daewoo option

AJOT | February 21, 2011 | Liner Shipping

Maersk Line said it is likely to exercise the first half of a 20-vessel option for additional ships under a $5.4 billion deal with shipbuilder Daewoo.

Maersk confirmed that it placed an order with Daewoo Shipbuilding & Marine Engineering for 10 large Read More »