Liner Shipping

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 »

Maersk Line awarded Navy contract for energy conservation project

AJOT | October 27, 2010 | Liner Shipping

Maersk Line, Limited (MLL) has been awarded a contract by the U.S. Naval Surface Warfare Center, Carderock Division (NSWCCD), to assess and apply Advanced Waste Heat Recovery (AWHR) technology to Military Sealift Command (MSC) ships. The contract involves Read More »

Maersk sees Africa trade outpacing mature markets

AJOT | October 27, 2010 | Liner Shipping

The world's biggest container shipping company, Maersk Line, expects volume on African routes to grow faster than shipping in mature markets, though underperform other emerging markets such as Brazil and China. Read More »

NSCSA cuts transit time between Baltimore and Jeddah in half

AJOT | October 26, 2010 | Liner Shipping

Beginning with the Saudi Abha v.151, NSCSA is adding a second port call at Baltimore, MD, reducing delivery time from Baltimore to all Middle East and Indian Subcontinent destinations by fifteen days. Read More »

Horizon Lines to take delivery of 12,500 new containers

AJOT | October 26, 2010 | Liner Shipping

Horizon Lines, Inc, the nation's leading domestic ocean shipping and integrated logistics company, announced it will add approximately 12,500 new containers to its international and domestic shipping network to support existing customers and the carrier's Read More »

APL joins clean air program in New York Harbor

AJOT | October 26, 2010 | Liner Shipping

Shipping leader APL volunteered to burn cleaner fuel in every vessel calling at the ports of New York and New Jersey.

The agreement is part of a Port Authority program designed to curb emissions in New York Harbor. Under the plan, APL vesse Read More »

Hamburg S’d and Alian’a support voluntary initiative on pollutant reduction in Hong Kong

AJOT | October 26, 2010 | Liner Shipping

As part of their commitment to environmental stewardship, Hamburg S'd and Alian'a have decided to extend their tests with low-sulphur fuels to include Asia. Together with other shipping companies, they are participating in the Fair Winds Charter initiativ Read More »

Crowley transforms refrigerated container fleet
with 355 PrimeLINE Units…

AJOT | October 26, 2010 | Liner Shipping

When Crowley Maritime Corporation's liner services group takes delivery of 355 new 40-foot high-cube refrigerated containers later this year, it will mark an important milestone on the path to world-class environmental stewardship: conversion of nearly a Read More »

Evergreen’s Hsieh says Intra-Asia trade may outpace TransPacific and Asia-Europe

AJOT | October 24, 2010 | Liner Shipping

Bronson Hsieh, Chairman of Evergreen Marine Corporation (Taiwan) t said: "Intra-Asia trade will be the focal point of container shipping industry in the future."

He said: "Our company anticipates that the intra-Asia market will continue to be Read More »

Best Buy names APL its Ocean Carrier of the Year

AJOT | October 24, 2010 | Liner Shipping

International consumer electronics retailer Best Buy has named APL its Ocean Carrier of the year for 2010. A leading global container carrier, Singapore-based APL was honored at a Best Buy logistics conference here recently. Read More »

Vietnam: a new direct call for CMA CGM

AJOT | October 24, 2010 | Liner Shipping

In order to provide its customers with optimum service and unique port coverage between Asia and Europe, CMA CGM is pleased to announce the introduction of a new direct call to Vietnam on the FAL3 service: Asia - Northern Europe as of November 9th, 2010. Read More »

Maersk sets Brazil port surcharge due to low Amazon

AJOT | October 24, 2010 | Liner Shipping

The world's biggest container shipping company, Maersk Line, said unusually low water in the Amazon was disrupting cargo traffic and it was putting a surcharge on shipments to the Brazilian port of Manaus. Read More »

The largest CMA CGM vessel ever to serve Canada makes maiden call in Vancouver

AJOT | October 24, 2010 | Liner Shipping

The largest CMA CGM vessel ever to call at a Canadian port, the 8,500-TEU CMA CGM FIGARO, arrived recently in Vancouver. On this occasion a ceremony in the presence of the Port Authorities will be held tomorrow onboard the vessel. Read More »

NOL’s Q3 profit beats forecasts

AJOT | October 24, 2010 | Liner Shipping

Neptune Orient Lines (NOL) , the world's fifth largest container shipping firm, reported better than expected third quarter profit, rebounding from a loss a year ago thanks to a recovery in cargo volumes and rates.

The company, around two-thi Read More »

Horizon Lines reports 3rd-quarter financial results

AJOT | October 24, 2010 | Liner Shipping

Horizon Lines, Inc. reported financial results for its fiscal third quarter ended September 19, 2010.

On a GAAP basis, third-quarter net income was $7.7 million, or $0.25 per diluted share, compared with $8.4 million, or $0.27 per diluted sha Read More »

Maersk Line to idle 10% of Asia-Europe service

AJOT | October 24, 2010 | Liner Shipping

The world's biggest container shipping company, Maersk Line, said it would suspend about 10 percent of its Asia-Europe service to adjust to weaker demand after the peak season.

Maersk Line, a unit of Danish shipping and oil group A.P. Moller- Read More »

CMA CGM upgrades its service between North Europe, US South Atlantic, Mexico and the US Gulf

AJOT | October 14, 2010 | Liner Shipping

CMA CGM is pleased to announce the launch of its New Victory Bridge service linking North Europe to US South Atlantic, Mexico and the US Gulf, effective October 17th, 2010.

Launched in partnership with CSAV, this service previously operated in coopera Read More »

Toys’R'Us names APL its Ocean Carrier of the Year

AJOT | October 14, 2010 | Liner Shipping

Toys'R'Us, Inc., the world's leading dedicated toy and juvenile products retailer, has named APL its 2010 Ocean Carrier of the Year. A container shipping leader, APL was honored at concurrent ceremonies in Hong Kong and Union, New Jersey. Read More »