Liner Shipping

Crowley equipment acquisitions $21 million in 2008

AJOT | September 24, 2008 | Liner Shipping

Crowley Maritime Corporation's liner services equipment fleet is continuing to grow this year with the acquisition of $21 million worth of containers, chassis, refrigerated containers, trailers and generator sets. Read More »

Aries Maritime Transport, Ltd. Q2 results

AJOT | September 24, 2008 | Liner Shipping

Aries Maritime Transport, Limited reported its financial results for the three and six months ended June 30, 2008. The following financial review discusses the results for the three months ended June 30, 2008 compared with the results for the three months Read More »

Arcade Acquisition Corp. to purchase 10 container vessels

AJOT | September 24, 2008 | Liner Shipping

Arcade Acquisition Corp. announced that it has entered into a series of agreements pursuant to which it has agreed to acquire ten (10) feeder service containerships (with a total capacity of 21,135 teu) for an aggregate purchase price of $261.7 million (t Read More »

Capital Product Partners L.P. extends time charters with BP Shipping Ltd.

AJOT | September 18, 2008 | Liner Shipping

Capital Product Partners L.P. announced that it had reached agreement with BP Shipping Limited to extend two of its existing time charters. The time charters for two of the Partnership's 37,000 dwt, 2006 built, MR product tankers, the Agisilaos and the Ar Read More »

Evergreen Line, Wan Hai Lines commence Japan-Taiwan-Philippine Islands service

AJOT | September 10, 2008 | Liner Shipping

Evergreen Line and Wan Hai Lines have announced a joint service agreement covering ports in Japan, Taiwan and the Philippine Islands. Commencing September 12 from Hong Kong. Read More »

CSCL Montevideo delivered to Seaspan

AJOT | September 10, 2008 | Liner Shipping

Seaspan Corporation announced that it has accepted delivery of the CSCL Montevideo, a 2,500 teu newbuild vessel constructed by Jiangsu Yangzijiang Shipbuilding Co., Ltd. The CSCL Montevideo was delivered on September 2, 2008, approximately five months ahe Read More »

Maersk chooses DCT Gdansk

AJOT | September 10, 2008 | Liner Shipping

The world's largest container operator Maersk Line has announced that with effect from December 1, 2008, it will switch its Polish operations from BCT in Gdynia to the new deepwater container terminal DCT Gdansk. Read More »

Grimaldi secures EUR 81 million loan

AJOT | September 10, 2008 | Liner Shipping

The EIB and UniCredit Corporate Banking have signed a EUR 81m loan agreement with Italy's Atlantica SpA di Navigazione (Grimaldi Group) aimed at expanding its fleet for the motorways of the sea in the Mediterranean. Read More »

Maersk commercial cargo to and from Iraq reopened

AJOT | September 01, 2008 | Liner Shipping

Maersk Line announced that as of September 1, 2008 Maersk has reopened the acceptance of commercial cargo to and from Iraq. This move is in response to the growing demand from our customers and the increased number of projects and volumes in and out of Ir Read More »

Grand Alliance enhances Med-Asia service

AJOT | August 28, 2008 | Liner Shipping

The Grand Alliance (GA) has enhanced its service between the Mediterranean and Asia (EUM) to proactively cater to our customers' needs. Valencia has been added as a port of call in the service, and the enhanced service began in the second week of August 2 Read More »

FESCO’s launches of FESCO VITIM

AJOT | August 28, 2008 | Liner Shipping

FESCO announced that the Polish shipyard, Stocznia Szczecinska Nowa, held a ceremony last week to launch its latest boxship of series B170-V/1 named the FESCO VITIM as part of its fleet renovation program. Read More »

Fuel surcharge hits record level in September, based on July prices

AJOT | August 26, 2008 | Liner Shipping

Container lines in the Transpacific Stabilization Agreement (TSA) have confirmed that their floating bunker fuel surcharge, adjusted monthly according to a formula that tracks world fuel prices at key loading locations, will spike to a record level effect Read More »

Intermarine reduces fuel surcharge

AJOT | August 26, 2008 | Liner Shipping

Intermarine, the agent for Industrial Maritime Carriers and West Coast Industrial Express announces that the carriers will adjust down the bunker surcharges on all their services to/from South America, Mexico and the Caribbean effective September 21, 2008 Read More »

NYK vessel to be added to IEX

AJOT | August 26, 2008 | Liner Shipping

NYK Line announced that an NYK vessel will be added to the Indian Subcontinent East Coast Express Service (IEX) from August 2008. Read More »

Seaspan takes delivery of new containership

AJOT | August 24, 2008 | Liner Shipping

Seaspan Corporation announced that it has accepted delivery of its 31st vessel, the CSCL Sao Paulo. The 2,500-teu newbuilding, which was constructed by Jiangsu Yangzijiang Shipbuilding Co., Ltd., is the second of its size in Seaspan's fleet. The CSCL Sao Read More »

NYK restructures USEC-ECSA service

AJOT | August 24, 2008 | Liner Shipping

NYK announced the restructuring of its USEC-ECSA service ANS (Atlantic North-South Express Service). The service will commence in September as an independent service of six NYK operated vessels, covering the main ports of East Coast of South America, Vene Read More »

CMA CGM & CSCL launch container service in Hamburg

AJOT | August 24, 2008 | Liner Shipping

In the new joint service of the French-Asia-Line 4 (FAL-4) / Asia-Europe-Express- Service 8 (AEX-8), the shipping companies CMA CGM and China Shipping (CSCL) now have a cooperative venture. Read More »

Horizon lines completes marine fire exercise in Guam

AJOT | August 20, 2008 | Liner Shipping

Horizon Lines, Inc. has completed a containership fire-fighting exercise in Guam in cooperation with the Guam Fire Department, the US Coast Guard, the Port Authority of Guam and the Port Police Department. Read More »

Sino-Global & Monson Agencies Australia sign agency agreement

AJOT | August 12, 2008 | Liner Shipping

Sino-Global Shipping America, Ltd., a non-state-owned provider of shipping agency services operating primarily in China, announced it has signed an agency agreement with Monson Agencies Australia Pty. Ltd. (''Monson Agencies Australia''). Read More »

Portland, OR celebrates return of ‘K’ Line, service to Japan

AJOT | August 10, 2008 | Liner Shipping

For farmers, business owners and port officials alike, it was great news when the first 'K' Line ship since December 2004 arrived in Portland Oregon recently. Along with it came the return of direct export service to Japan. Port officials boarded the vess Read More »