Liner Shipping

Hapag-Lloyd IPO decision postponed

AJOT | March 24, 2011 | Liner Shipping

The owners of Hapag-Lloyd AG have postponed a decision on floating the container shipping group, its majority owner said.

"There will be no decision on an IPO (initial public offering) today," a spokesman for the Albert Ballin consortium, which owns 5 Read More »

Sea Star Line boosts 53’ container fleet by 25%;

AJOT | March 24, 2011 | Liner Shipping

Sea Star Line, LLC, has placed an order for 100 brand-new 53-foot cargo containers to serve customers at its Jacksonville and Philadelphia ports. The containers will be available for immediate use in the third quarter of 2011 ' just in time to accommodate Read More »

Maersk expects Q2 freight rate rebound

AJOT | March 24, 2011 | Liner Shipping

Container shipping will shake off an array of risks from Japan to the Middle East and rates will begin a seasonal recovery in the second quarter, the head of the world's biggest container shipper said.

Maersk Line, which carries 15 percent of all seab Read More »

China, Europe container rates drop below $1,000

AJOT | March 24, 2011 | Liner Shipping

Spot rates for shipping containers from Shanghai to Europe have dropped below $1,000 per twenty-foot unit for the first time since March 2009 due to low volumes and fierce competition, shipping body BIMCO said.

The global shipping industry recovered i Read More »

Evergreen Line to launch weekly TMI service between Thailand, Malaysia and Indonesia

AJOT | March 24, 2011 | Liner Shipping

Evergreen Line has launched a weekly Thailand-Malaysia-Indonesia (TMI) service, the carrier announced today. The new trade route will enhance Evergreen Line's Southeast Asia service network and replace the existing Indonesia-Malaysia (IS1) service. Read More »

Maersk Line to cut stops in HK, divert to Nansha

AJOT | March 24, 2011 | Liner Shipping

Maersk Line will cut the number of ship calls at Hong Kong by about a quarter from April, one of the biggest changes for the world's third-busiest port in years.

Maersk Line confirmed a newspaper report that it would cut the number of ships calling at Read More »

Maersk Line celebrates 5th anniversary of fuel switch

AJOT | March 24, 2011 | Liner Shipping

Maersk Line's SINE M'RSK changed the course of low-sulfur distillate fuel use when she called Los Angeles. Five years later, this fuel switch has resulted in a 3700 ton savings in air emissions benefiting those who live and work in California. A 4100 to Read More »

MOL upgrades North Europe - West Africa service

AJOT | March 24, 2011 | Liner Shipping

MOL is upgrading its current ARN product to a fixed day weekly service between Europe and West Africa, with excellent connections via Antwerp for Asian and North American cargo.

The new service will launch from Hamburg on 6 April, calling Thamesport, Read More »

Hyundai Heavy says wins $711 mlllion order from Germany

AJOT | March 24, 2011 | Liner Shipping

South Korea's Hyundai Heavy Industries said on Monday that it had won an 800 billion won ($711 million) order to build six (corrects from nine) container ships for German shipping line Hamburg Sud Group. Read More »

Providing MOL containership to transport aid supplies from overseas

AJOT | March 24, 2011 | Liner Shipping

Mitsui O.S.K. Lines is determined to provide containerships to transport aid supplies from overseas. As the damages of the earthquake set in, MOL has received many calls from voices desired to transport aid supplies to Japan from overseas.

'We express Read More »

SFL acquires two container vessels for $342 mlllion

AJOT | March 24, 2011 | Liner Shipping

Ship Finance International Ltd , which owns and operates ships, said it would acquire two container vessels from French container shipping company CMA CGM for $342 million. Read More »

MOL Group companies transport aid supplies to quake-stricken areas

AJOT | March 24, 2011 | Liner Shipping

Mitsui O.S.K. Lines reported that the group companies listed below purchased food, water, and other daily necessities, and took them to the Ohi Logistics Center, Tokyo, where they were loaded into a 40-foot container and delivered by truck to the logistic Read More »

Larkin rejoins Crowley as VP, Sales and Customer Care

AJOT | March 16, 2011 | Liner Shipping

Frank Larkin has rejoined Crowley Maritime Corporation as vice president of sales and customer care for the company's liner services and logistics groups. He is domiciled in Jacksonville and reports to Steve Collar, senior vice president and general manag Read More »

Post-quake update on MOL-operated vessels

AJOT | March 16, 2011 | Liner Shipping

Bulker C.S. Victory safe after grounding during tsunami 
Mitsui O.S.K. Lines, Ltd. reported that all the crew have returned to the MOL-chartered bulker C.S. Victory, which was carried toward a breakwater by the tsunami and grounded in the shallow ha Read More »

Evergreen Line to launch JTS direct service from Japan to South China region

AJOT | March 16, 2011 | Liner Shipping

In a further expansion of its intra-Asia regional network, Evergreen Line is set to launch a weekly Japan-Taiwan-South China Sea (JTS) service from March 17. Read More »

Hamburg S’d expands North America West Coast service to include Hamburg

AJOT | March 16, 2011 | Liner Shipping

At the end of a one-month journey, the CAP PALMERSTON was the first ship in the expanded North America West Coast (WAMS) service operated by Hamburg S'd to reach the Port of Hamburg yesterday. The vessel was handled and cleared at the HHLA Container Termi Read More »

Evergreen integrating group’s resources to assist Japan’s rescue efforts for earthquake and Tsunami

AJOT | March 14, 2011 | Liner Shipping

Evergreen Group announced that the Group Chairman Dr. Yung-fa Chang has instructed that the Group's resources including but not limited to the marine and aviation business be used to assist the rescue work for the unspeakable tragedy of earthquake and Tsu Read More »

Post-quake situation concerning MOL-operated vessels

AJOT | March 14, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. reported that we are still gathering data concerning MOL-operated vessels that may have been affected by the Tohoku district - off the Pacific Ocean earthquake, but neither the quake itself nor the resultant tsunami caused any si Read More »

Support for victims of the Tohoku district - off the Pacific Ocean earthquake

AJOT | March 14, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. reported that MOL has begun the following support activities to help victims of the quake and to help restore their homes and cities.

  • MOL has decided to donate 50 million to help support and rescue victims of the quake Read More »

Diana Containerships announces direct continuation of time charter agreement with A.P. Moller-Maersk

AJOT | March 14, 2011 | Liner Shipping

Diana Containerships, Inc. a global shipping company specializing in the transportation of containers, announced that it has entered into a time charter contract with A.P. Moller-Maersk A/S for one of its container vessels, the m/v Sagitta, for a period o Read More »