Liner Shipping

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 »

Safmarine upgrades Far East-East Africa network

AJOT | January 03, 2011 | Liner Shipping

Safmarine's Far East - East Africa network has been further upgraded with the introduction of a direct service connecting Tanjung Pelepas and the South Chinese ports of Nansha and Yantian with Mombasa (Kenya) and Dar Es Salaam (Tanzania). Read More »

Kuehne + Nagel names Montrone Senior VP of Seafreight for North America

AJOT | December 20, 2010 | Liner Shipping

Kuehne + Nagel has named Paolo Montrone Senior Vice President, Seafreight for North America, effective January 1, 2011.

Since 2008, Paolo Montrone has served as Senior Vice President, Seafreight for South West Europe, with responsibilities across Fran Read More »

MSC’s California Express extends to Pacific Northwest

AJOT | December 20, 2010 | Liner Shipping

Mediterranean Shipping Company SA of Geneva, Switzerland announced the opening of a new direct service extension to the Pacific Northwest.

Commencing with the sailing of the MSC Vienna V.34A from Gioia Tauro on the 29th of December 2010 and with the a Read More »

Five Star Express sails from China

AJOT | December 20, 2010 | Liner Shipping

Horizon Lines, Inc., the nation's leading domestic ocean shipping and integrated logistics company, announced that the HORIZON HAWK made its inaugural voyage of the company's new trans-Pacific Five Star Express (FSX) service.

The HORIZON HAWK, which c Read More »

MSC’s California Express extends to Pacific Northwest

AJOT | December 16, 2010 | Liner Shipping

Mediterranean Shipping Company SA of Geneva, Switzerland announced the opening of a new direct service extension to the Pacific Northwest.

Commencing with the sailing of the MSC Vienna V.34A from Gioia Tauro on the 29th of December 2010 and with the a Read More »

Ocean World Lines moves famous sculptures worth
 $40 million from Spain to Florida

AJOT | December 16, 2010 | Liner Shipping

Ocean World Lines (OWL), a global door-to-door and end-to-end NVOCC, announced today that it has moved seven sculpture pieces, weighing more than 117,000 pounds, from the Port of Barcelona to the Port of Savannah for consignment at a major New York galler Read More »

Crowley expands terminal complex at Port Everglades

AJOT | December 16, 2010 | Liner Shipping

Crowley Liner Services is expanding at Port Everglades with a new 10-year terminal lease that calls for additional acreage and increased container guarantees. The Broward County Commission, the governing board for Port Everglades, approved the new lease t Read More »

Bruner and Newsome receive 2010 Connie Awards from 
Containerization & Intermodal…

AJOT | December 13, 2010 | Liner Shipping

The Containerization & Intermodal Institute (CII) presented 2010 Connie Awards to J. Russell Bruner, Chairman and CEO of Maersk Inc., and James I. Newsome III, President and CEO of the South Carolina State Ports Authority, at The Newark Club that also com Read More »

TNWA offers direct Vietnam-to-North Europe Service

AJOT | December 13, 2010 | Liner Shipping

The New World Alliance (TNWA), which includes Mitsui O.S.K. Lines (MOL), APL, and Hyundai Merchant Marine (HMM), will introduce a direct Vietnam-to-North Europe service for the first time.

Alliance partners said today they will create the new route by Read More »

Pagan to lead Sea Star Line’s Puerto Rico operations

AJOT | December 12, 2010 | Liner Shipping

Sea Star Line, LLC has announced that Eduardo L. Pagan has joined the company as VP and General Manager of Puerto Rico operations, and will report directly to company President, Steve Hastings.

Prior to joining Sea Star Line, Pagan led his own consult Read More »

Independent Container Line (ICL) is announcing a restructuring of their US sales team

AJOT | December 12, 2010 | Liner Shipping

Effective January 3rd, Scott Tawney will assume the position of Vice President of Sales ' Northern Region and will be responsible for the North East, Mid West and Mid East sales territories. Scott has been with ICL for over 20 years and has been a consis Read More »

CMA CGM includes Vietnam in Hamburg-Far East port rotation

AJOT | December 12, 2010 | Liner Shipping

On 2 December 2010, the container ship CMA CGM OTELLO called at the Port of Hamburg as part of the expanded 'French'Asia Line 3' scheduled liner service. The CMA CGM OTELLO is one of a fleet of ten container ships with a slot capacity of between 8,500 and Read More »

Kuehne to raise stake in Hapag-Lloyd

AJOT | December 12, 2010 | Liner Shipping

A group of German investors aims to retain its grip on Hapag-Lloyd after TUI AG floats its stake in the container shipping company next year, several people familiar with the matter said.

The move may include finding a new anchor investor for Hapag-Ll Read More »