Liner Shipping

Safmarine appoints new Chief Process Officer (CPO)



AJOT | April 25, 2010 | Liner Shipping

Regional shipping line Safmarine has appointed Jan Van Dooren as its Chief Process Officer (CPO).

 Van Dooren, who has managed a number of high level projects during his 25 year career with Safmarine, is one of the company's most experienced Read More »

Shipping line builds on their success at the Port of Halifax with an upgraded weekly service

AJOT | April 25, 2010 | Liner Shipping

CMA CGM, the world's 3rd largest container shipping company, has announced plans to upgrade to a weekly service at the Port of Halifax. This revised service will shorten the transit time for import and export containerized cargo.


With Read More »

CMA CGM takes delivery of the CMA CGM FIGARO vessel

AJOT | April 25, 2010 | Liner Shipping

CMA CGM announced the delivery of the CMA CGM FIGARO, 8500 teus*containership built by Samsung Heavy Industry.

The CMA CGM FIGARO is registered in France and will sail under the French flag (RIF).

In compliance with CMA CGM's env Read More »

Maersk tycoon, age 96, going strong

AJOT | April 25, 2010 | Liner Shipping

Danish shipping magnate Maersk Mc-Kinney Moller, who will turn 97 this July, is in good health and shows up to work daily at the headquarters of A.P. Moller-Maersk his secretary said.

Moller did not attend Queen Margrethe's 70th birthday bash Read More »

Hamburg S’d defies crisis

AJOT | April 25, 2010 | Liner Shipping

Hamburg S'd, too, was gripped by the world economic and shipping crisis. At 2.3 billion TEU, shipment volume in the liner business was 13 per cent down on the previous year and freight rates dropped significantly. Turnover consequently fell 28 per cent to Read More »

China COSCO sees better 2010 after weak H2 results

AJOT | April 25, 2010 | Liner Shipping

Shipping conglomerate China COSCO Holdings said it expected its liners to have better operating results in 2010 after posted worse-than-expected second-half losses on weak shipping demand.

Container freight rates have been rising since the la Read More »

Maersk’s new Halifax line to serve lobster trade

AJOT | April 25, 2010 | Liner Shipping

The world's biggest container shipper, Maersk Line, has opened a route from Halifax in Nova Scotia to Rotterdam to meet growing demand for transport of live shellfish, Maersk and its partner Aqualife said. Since 2005 Maersk Line, which belongs to Danish o Read More »

Horizon Lines posts wider-than-expected Q1 loss

AJOT | April 25, 2010 | Liner Shipping

Container shipping company Horizon Lines Inc reported a wider-than-expected first-quarter loss hurt by high fuel costs and increased contractual labor expenses.

For the quarter, the company's net loss was $13.2 million, or 43 cents a share, c Read More »

Hamburg S’d announces general rate increase for pacific coast cargo shipments to Europe

AJOT | April 25, 2010 | Liner Shipping

Hamburg S'd announced that effective June 1, 2010, a General Rate Increase (GRI) will be applied to all cargo moving from U.S. West Coast ports and Vancouver to Europe. Read More »

Premium Article  OOCL makes adjustments to accommodate today’s world trade scene

Karen Thuermer | April 18, 2010 | Liner Shipping

The word from Orient Overseas Container Line (OOCL), based in Hong Kong, is that while the world economy is still tenuous, business is recovering.

In an interview at OOCL’s corporate office in Hong Kong in January, C.L. Ting, OOCL managing di Read More »

Premium Article  OCR 2010: Will increases to box ship fleets scuttle recovery?

George Lauriat | April 18, 2010 | Liner Shipping

There is an old saying about boats: ‘they’re just a hole in the ocean to pour money’. And with really big boats, say container ships, it’s not only the one huge hole in the ocean but also a couple of landside holes to boot. Which begs the question, wha Read More »

Premium Article  Getting paid for going green

Peter Buxbaum | April 18, 2010 | Liner Shipping | Ports & Terminals

Carrier calling on Seattle receive payments for burning cleaner fuels
Although volumes of cargo in international trade have been down lately, the trend line over the last decade or more as been strongly in the positive direction. This has le Read More »

INTTRA launches ocean freight electronic invoice presentment and payment with CMA CGM and . . .

AJOT | April 18, 2010 | Liner Shipping

As announced at Containerization International's Global Liner Shipping Conference, INTTRA, the leading global provider of e-commerce solutions to the ocean freight industry, confirmed the launching of the first ocean freight invoice transmitted via INTTRA Read More »

COSCO cautiously starts capacity restoration on CEN servive

AJOT | April 18, 2010 | Liner Shipping

COSCO Container Lines will restore capacity on their CEN service by bringing back six 7500 TEU vessels to replace the six current 5500 TEU vessels, starting April 24th; the phase in will be completed by the end of May. Along with restoring capacity on thi Read More »

OOIL says Q1 container shipping revenue up 18.9%

AJOT | April 18, 2010 | Liner Shipping

Orient Overseas (International) Ltd (OOIL) said revenue from its container shipping unit increased 18.9 percent in the first quarter of 2010 as global trade continued to recover. Read More »

‘K’ Line and Mitsui-OSK Line announce enhanced Asian service for Halifax

AJOT | April 18, 2010 | Liner Shipping

'K' Line, Hanjin Shipping, Yang Ming Line and COSCO Container Line, members of the CKYH Alliance, in cooperation with Mitsui O.S.K. Lines (MOL) will launch a Pearl River ' Southeast Asia ' Suez Canal express service in mid May with the Port of Halifax as Read More »

UASC Secures Multi-Currency Ship Financing of US$2

AJOT | April 18, 2010 | Liner Shipping

United Arab Shipping Company (UASC) has concluded a multi-currency US$275 million term loan facility on a 'club deal' basis. The funds have been secured to finance UASC's acquisition of three A13 type container vessel new buildings, each with a capacity o Read More »

PIL and Wan Hai resume Far East’Northern Europe service

AJOT | April 18, 2010 | Liner Shipping

The two container shipping companies PIL Pacific International Lines (Singapore) and Wan Hai Lines (Taiwan) have resumed operation of their FES scheduled container liner service from the Far East to northern Europe. Read More »

Maersk: 2010 freight rates at break-even at best

AJOT | April 18, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipping company, sees 2010 freight rates reaching break-even at best on the back of a slow recovery in demand, its chief operating officer said.

In presentation material for the 12th Global Liner Sh Read More »

MOL Announces Changes to Africa Trade Network

AJOT | April 18, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL, President: Akimitsu Ashida) announced changes in its services related to the Africa trade.
Aiming for more stable service and schedule integrity, Mozambique Zuid Africa Service (MZX) will cover Durban, which is currently c Read More »