Liner Shipping

Maersk 2010 profit seen meeting guidance

AJOT | February 21, 2011 | Liner Shipping

A.P. Moller Maersk is expected to report a swing back into profits for 2010 that will meet the company's guidance for net earnings of about $5 billion, a Reuters poll of analysts showed.

Net profit was estimated on average to be 27.72 billion Danish c Read More »

Two more Rickmers container giants named

AJOT | February 21, 2011 | Liner Shipping

The naming of two more 13,100 TEU container vessels for Rickmers Group took place in Ulsan, Korea. Leo Rickmers and Scorpio Rickmers will come into service for their charterer Maersk Line as Maersk Edmonton and Maersk Elba. Leo Rickmers was named by Manu Read More »

Hanjin sees growth in cargoes but falling profits

AJOT | February 21, 2011 | Liner Shipping

Hanjin Shipping , the world's ninth biggest container shipper, predicted global container shipments would grow up to 8 percent this year, supported by bright trans-Pacific trade prospects.

"(A) return to normalcy--that is our expectation and hope," ch Read More »

Hamburg S’d celebrates christening of a 7,100 TEU container ship

AJOT | February 21, 2011 | Liner Shipping

Hamburg S'd has christened the 'Santa Isabel' in Singapore. She is the second of ten identical container vessels with a capacity of 7,100 TEU each. This makes them not only the largest ships ever built for Hamburg S'd, but also, with their 1,600 reefer pl Read More »

OOCL announces re-introduction of the Atlantic Express Service (AES)

AJOT | February 17, 2011 | Liner Shipping

OOCL announced re-introduction of the Atlantic Express Shuttle (AES) with an additional port call to Hamburg.

Revised rotation will be: Hamburg-Antwerp-New York-Hamburg. Read More »

Sea Star Line reaches 10,000 load milestone

AJOT | February 17, 2011 | Liner Shipping

Sea Star Line, LLC, will soon mark one year of its weekly service to Puerto Rico from the Port of Philadelphia's Tioga Marine Terminal. After less than 10 months of operation, Sea Star Line's fleet of three vessels has moved a milestone 10,000 loads throu Read More »

NOL says Q4 net profit $177 mlllion

AJOT | February 17, 2011 | Liner Shipping

Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, reported on Wednesday better-than-expected fourth-quarter net profit, reversing from a loss the previous year as freight rates and cargo volumes soared. Read More »

Containerships implements IAS EquipmentRepair

AJOT | February 13, 2011 | Liner Shipping

European carrier Containerships has adopted the EquipmentRepairTM system from IAS to manage its entire container maintenance and repair programme. The Helsinki-based carrier provides door-to-door services Read More »

IICL elects new chairman

AJOT | February 13, 2011 | Liner Shipping

The Institute of International Container Lessors' (IICL) President, Steven Blust, announces that Peter Younger, Chief Executive Officer and President of Cronos Ltd. has been elected to the position of Chairman of the IICL for 2011, succeeding Joseph Kwok Read More »

MOL expands refrigerated cargo staff assignments

AJOT | February 13, 2011 | Liner Shipping

MOL announced another step in its expanded commitment to refrigerated cargo service capabilities with the restructuring of its refrigerated sales and trade team. MOL's three US Sales Regions now have assigned sales managers whose primary focus will be de Read More »

MOL selected for Global 100 Most Sustainable Corporations

AJOT | February 13, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company was named one of the Global 100 Most Sustainable Corporations in the World by Corporate Knights Inc.(*) of Canada on January 29 at the World Economic Forum in Davos. The selection was a first for Read More »

Safmarine announces improved Far East ’ Indian Subcontinent coverage

AJOT | February 13, 2011 | Liner Shipping

Shipping line Safmarine has upgraded its existing Far East - Indian Subcontinent portfolio by introducing a new direct service, which will connect the Far East and main ports in West India and Pakistan. The service commences on 17 February 2011, with the Read More »

Safmarine offers new 225 service with direct calls in WAF and MED


AJOT | February 13, 2011 | Liner Shipping

Safmarine has enhanced its '225' fully-containerized service between South Africa and West Africa by connecting West Africa via Dakar and Algeciras. The new weekly service, with high reefer capacity, will operate six vessels of 1100 teu (nominal) with dir Read More »

Shipco expands service coverage from Asia to Istanbul

AJOT | February 13, 2011 | Liner Shipping

Shipco Transport, one of the world's leading neutral consolidators, has over recent months launched a number of new direct services from the Far East to Turkey. The services link several Asia key origins - Shanghai, Shenzhen, Qingdao and Busan to one of t Read More »

Shipping lines see steady TransPacific growth, relative supply/demand balance in 2011

AJOT | February 13, 2011 | Liner Shipping

Cargo demand will continue to improve during 2011 as the U.S. economy recovers, roughly in line with new vessel capacity entering the Asia-U.S. trade lane over that period. With a traditional third quarter peak season now considered likely, container line Read More »

CMA CGM maintains call in Egypt

AJOT | February 03, 2011 | Liner Shipping

CMA CGM is following with great concern the events taking place in Egypt. The Group has set up an Emergency and Communication Response Team to follow the situation, 24/24, 7/7, keeping in close contact with its Egyptian teams in the country, assessing the Read More »

CMA CGM and YILDIRIM: $500-million equity note issuance finalized

AJOT | February 01, 2011 | Liner Shipping

In accordance with the agreements signed on November 25, 2010 between CMA CGM Group and the Yildirim Group, CMA CGM announced that it has issued $500 million in Redeemable bonds, all of which were subscribed by the Yildirim Group.

This investment ena Read More »

Hamburg S’d changing chassis provisioning model in Philadelphia

AJOT | February 01, 2011 | Liner Shipping

Hamburg Sud North America, Inc. has announced that effective February 1, 2011, the company will revise its policies on provisioning of chassis in the Philadelphia region.

Under present practices, Hamburg S'd sources chassis from the Metro Chassis Pool Read More »

Hanjin Shipping re-routes container ships due to Egypt unrest

AJOT | February 01, 2011 | Liner Shipping

Hanjin Shipping was re-routing some of its container vessels due to the unrest in Egypt that has disrupted drydock operations at several ports, its chief executive said.

Seaborne traffic through Egypt's Suez Canal continued to run smoothly, industry o Read More »

NOL carries 26% more cargo in 7 weeks

AJOT | February 01, 2011 | Liner Shipping

Neptune Orient Lines said its container shipping volumes for the seven weeks to Dec 31 rose 26 percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

NOL, the world's sixth largest container shipping firm, carried Read More »