Liner Shipping

MOL’s ship calls at Cai Mep in start of direct service to North Europe

AJOT | January 23, 2011 | Liner Shipping

Mitsui O.S.K Lines Ltd MOL PRECISION made it's first call at Tan Cang-Cai Mep International Terminal (TCIT)* in Vietnam on January 15th,where a welcoming ceremony was held in commemoration of the event.

Attended by approximately 200 people, incl Read More »

Shippers weigh options to reduce sulphur emissions

AJOT | January 23, 2011 | Liner Shipping

Global efforts to drastically reduce toxic sulphur emissions in the shipping industry will likely be delayed for years due to the reluctance of refiners to invest billions of dollars to produce cleaner burning fuel.

The United Nations shipping agency Read More »

New World Alliance set to reduce ocean capacity

AJOT | January 23, 2011 | Liner Shipping

The New World Alliance said it will temporarily reduce capacity on selected Trans-Pacific Trade services to coincide with Lunar New Year factory shutdowns in Asia. The three container shipping lines in the alliance -- APL, Hyundai Merchant Marine (HMM) a Read More »

China Shipping Container sees profit in 2010, trading resumes

AJOT | January 23, 2011 | Liner Shipping

China Shipping Container Lines Co Ltd said it expected to post a profit for 2010 from a loss in the previous year thanks to a gradual recovery of the global economy and restorative growth in the shipping industry. Read More »

W’rtsil’ delivers a marine scrubber to Containerships Ltd.

AJOT | January 23, 2011 | Liner Shipping

The installation of scrubbers is a major step in the introduction of exhaust gas cleaning technology for maritime applications. The W'rtsil' scrubber will enable the vessel to meet future emission requirements in Sulphur Emission Control Areas (SECA) i Read More »

Global container demand to slow expansion by half after robust 2010

AJOT | January 23, 2011 | Liner Shipping

Demand growth in the container shipping industry will slow in 2011 to nearly half of last year's double-digit expansion as strong consumer buying eases in emerging markets, industry experts said.

The box shipping industry has rapidly recovered from th Read More »

CEOs of Safmarine and Antwerp Port Authority celebrate cooperation with a ship model at the…

AJOT | January 13, 2011 | Liner Shipping

At an unveiling ceremony held at the headquarters of the Antwerp Port Authority, Safmarine CEO Tomas Dyrbye presented a ship model of the Safmarine Kuramo to CEO Eddy Bruyninckx as a gesture of thanks for the many years of close cooperation between the tw Read More »

Crowley names Nickless VP
of Finance, Planning, Shipping & Logistics

AJOT | January 13, 2011 | Liner Shipping

Crowley Maritime Corporation announced that David Nickless has been promoted to vice president of finance and planning for Crowley's shipping and logistics business line. He will remain domiciled in the company's Jacksonville office and report to Steve Co Read More »

Hamburg S’d announces North American management changes

AJOT | January 13, 2011 | Liner Shipping

Hamburg Sud North America, Inc. announced a re-alignment of the company's management team:

  • Juergen Pump, Senior Vice President, will assume responsibility for all Trade Management, Sales and Customer Service/Documentation and Business Informat Read More »

Maersk chief says no doubt about long-term growth

AJOT | January 13, 2011 | Liner Shipping

Increasing population and incomes in developing countries and a tendency for world trade to expand faster than GDP point to long-term growth in the transport business, the head of Danish shipping and oil group A.P. Moller-Maersk said.

"In our world, t Read More »

Hamburg S’d internet relaunch in new design, with additional domain and CO2 calculator

AJOT | January 13, 2011 | Liner Shipping

Since January 10th, the Hamburg S'd Group has been presenting itself on the internet in a completely revised design and with an optimised information and service offering. The new internet presence features modern, user-friendly navigation and takes accou Read More »

Crowley names Otero VP
of Dominican Republic/Haiti and Cuba, Liner Services

AJOT | January 13, 2011 | Liner Shipping

Crowley Maritime Corporation announced that Tony Otero has been named vice president of Dominican Republic/Haiti and Cuba liner services. He will remain domiciled in the company's Jacksonville office and report to John Hourihan, senior vice president and Read More »

CSAV service adds new call at Port of Savannah

AJOT | January 11, 2011 | Liner Shipping

Georgia Ports Authority's (GPA) Executive Director Curtis J. Foltz announced that the CSAV America Express (AMEX) all-water service has added the Port of Savannah to its rotation.

'We appreciate CSAV's confidence in our ability to handle its container Read More »

Boxship profits seen hit by market share fight

AJOT | January 11, 2011 | Liner Shipping

A fight for market share between container shipping lines is denting rates and profits, and a lack of capacity discipline could knock earnings below current estimates, shipping consultants Drewry said.

The global shipping industry rebounded in 2010 fr Read More »

Shipping Corp to raise piracy surcharge to $80-$160

AJOT | January 11, 2011 | Liner Shipping

Shipping Corporation of India will increase piracy surcharge from $40-$80 to $80-$160 from Jan 15, 2011, it said in a statement.

The move is aimed at offsetting additional operational costs, it added. (Reuters) Read More »

Iran says seized ships freed in Singapore

AJOT | January 09, 2011 | Liner Shipping

Three Iranian cargo ships seized in Singapore several months ago due to a financial dispute linked to sanctions on the Islamic Republic have been released, officials said.

"After solving the problems created by Westerners, the Iranian ships which were Read More »

Maersk Line sees 2011 market fairly balanced

AJOT | January 04, 2011 | Liner Shipping

Maersk Line sees a well-balanced market, as global capacity is forecast to grow 9 percent this year, a senior executive said.

The Head of Maersk Line's route network, Jorgen Harling, told Reuters in an email that the shipping company sees demand in th Read More »

China COSCO sees significant growth in 2010 results

AJOT | January 04, 2011 | Liner Shipping

China COSCO Holdings Co Ltd , the country's top shipping conglomerate, expects to have a significant growth in 2010 results, thanks to the sustained recovery of world economy.

The company is expected to record a net profit for 2010 against a net loss Read More »

Maersk plans Q1 freight rate increases

AJOT | January 03, 2011 | Liner Shipping

Maersk Line plans to raise freight rates from the Middle East and the Indian subcontinent to northern Europe and the Mediterranean twice in the first quarter, it said on its website.

The company announced a $200 per 20-foot container (TEU) and a $400 Read More »

Diana Shipping to spin off containership unit

AJOT | January 03, 2011 | Liner Shipping

Greek drybulk carrier Diana Shipping Inc said it will spin off 80 percent of its current interest in its containership unit.

The Athens, Greece-based company, which has a 55 percent interest in Diana Containerships, said it will distribute about 2.7 m Read More »