Liner Shipping

Premium Article  Consolidation in shipping to rise in 2011

AJOT | November 11, 2010 | International Trade | Liner Shipping | Transport Intermediaries

Acquisitions and joint ventures in the shipping sector are set to pick up next year as prospects improve for seaborne trade and optimism among freight players grows, a survey showed.

The poll by law firm Norton Rose of 679 international transport comp 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 »

Maersk lifts outlook as profit beats forecast

AJOT | November 11, 2010 | Liner Shipping

Shipping and oil group A.P. Moller-Maersk hiked its 2010 profit forecast to around $5 billion as it posted forecast-beating profits for nine months, driven by cost cuts and higher freight rates and oil prices.

The upgrade from the previous guidance fo Read More »

Goldenport eyes container ship acquisitions

AJOT | November 11, 2010 | Liner Shipping

Greek shipping group Goldenport Holdings will look at container ship acquisitions in the coming months, helped by an improving market and a war chest of over $150 million, its commercial director said.

Global turmoil in 2008 battered the container mar Read More »

China COSCO sees shipping recovery by 2015

AJOT | November 09, 2010 | Liner Shipping

The global shipping market will recover in three to five years, led by the container industry, which has already started to return to profit, a top executive said.

The shipping industry was seen returning to pre-crisis levels with the help of Read More »

Hamburg S’d christens the Cap Jervis in Callao

AJOT | November 09, 2010 | Liner Shipping

As part of a customer event, Hamburg S'd christened the 'Cap Jervis' in Callao (Peru). She is the first container vessel ever to have been christened in Callao and has a slot capacity of 4,600 TEU. Sponsor of the 'Cap Jervis' was Adelgunde Christmann, wif Read More »

Premium Article  Frangou and Ambrosov join UK P&I Club board

AJOT | November 07, 2010 | Liner Shipping

Two directors were elected to the Board of the UK P&I Club at the AGM in Shanghai. Angeliki Frangou is Chairman of the Board and CEO of Navios Maritime Holdings Inc, Athens and of its affiliates Navios Maritime Partners LP and Navios Maritime Acquisition Read More »

Premium Article  Choppy waters as shippers navigate shifting rates

AJOT | November 07, 2010 | Breakbulk & Projects | International Trade | Liner Shipping

Weak daily freight rates remain a headwind for tanker companies, while dry cargo operators will likely see some upside as minor bulks and coal drove up rates for smaller vessels in July-September.

The Baltic Exchange's main sea freight index -- which Read More »

New eco-containers trial for CMA CGM Group

AJOT | November 07, 2010 | Liner Shipping

CMA CGM was the first to launch in 2005 the Bamboo-floored eco-containers. The Group is currently running a test for new eco-containers manufactured with non-wood composite flooring, the Eko-Flor.

In line with its strong commitment to environmental pr Read More »

New North Europe-Mexico container service begins in Charleston

AJOT | November 07, 2010 | Liner Shipping

A new joint shipping service with coverage across North Europe and Mexico made its first U.S. stop in Charleston with the call of the Box Voyager. Read More »

Maersk Line named as ‘2010 Ocean Carrier of the Year’ by Home Depot

AJOT | November 07, 2010 | Liner Shipping

On September 22, Maersk Line was awarded the 'Ocean Carrier of the Year' by award was presented at the Executive Carrier Council meeting held in Atlanta, GA. Alan MacPherson, senior sales director, and Lauris Eglitis, key client manager for Maersk Line N Read More »

Hamburg S’d adopts IAS EquipmentRepair globally to manage container fleet M&R

AJOT | November 07, 2010 | Liner Shipping

Ocean carrier Hamburg S'd has announced it is adopting the EquipmentRepair system from International Asset Systems (IAS) to manage its global container M&R program. The German-headquartered carrier, a market leader on the north-south container trades and Read More »

MOL cooperates on ocean transport of medical and health Supplies to Thailand and Cambodia

AJOT | November 07, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced its cooperation with the non-profit organization (NPO) PH-Japan (PHJ*1) for ocean transport of medical and health supplies, including masks to prevent infection, to communities in Thailand and Cambodia. Read More »

CMA CGM adds a new call at Rotterdam on its FAL5 service

AJOT | October 31, 2010 | Liner Shipping

With the arrival of 13,800 teu-vessels in its fleet and in order to provide its customers with optimum services and unique port coverage, CMA CGM announced the strengthening of its FAL5 (French Asia Line) service. Read More »

New APL ocean route connects China and Southeast Asia

AJOT | October 31, 2010 | Liner Shipping

APL, the world's fifth-largest container shipping line, announced a new service linking China, Indonesia, Malaysia, Singapore and Thailand. Called the China Indonesia Straits Service, the weekly routing will densify APL's Intra-Asia network. Read More »

Maersk Line’s CO2 data verified

AJOT | October 31, 2010 | Liner Shipping

Maersk Line is the first shipping line to receive independent verification of its CO2 emissions data, vessel by vessel.

Maersk Line will now add the CO2 data - verified by Lloyd's Register - as one of eight performance measures in score cards that are Read More »

Angoco promoted to Senior VP of Matson Navigation Co.

AJOT | October 31, 2010 | Liner Shipping

Vic Angoco has been promoted to senior vice president of Matson Navigation Company. The appointment was approved today by the company's Board of Directors and announced by Matson President Matt Cox. Read More »

France sovereign fund mulls shipping firm investment

AJOT | October 27, 2010 | Liner Shipping

France's sovereign wealth fund is considering an investment in indebted French shipping company CMA CGM alongside Turkish conglomerate Yildirim, a spokesman for the fund said.

Marseille-based container shipping line CMA CGM, which began talks Read More »

China COSCO swings to black Q3 on shipping rebound

AJOT | October 27, 2010 | Liner Shipping

China COSCO Holdings, Asia's largest shipping firm, reversed year ago losses to post a quarterly profit, as global trade regained momentum and the firm lifted container shipping rates.

Container shipping has entered its low season in the four Read More »