Liner Shipping

Maersk beats forecasts, loses shipping market share

Reuters | May 13, 2015 | Liner Shipping

Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said A.P. Moller-Maersk’s forecast-beating results on Wednesday had been helped by one-offs. Read More »

Paraguayan Embassy Thanks MOL for Transporting Wheelchairs for Children in Paraguay

AJOT | May 13, 2015 | Liner Shipping

Implementing Social Contribution Program, Unique to MOL, Drawing upon its Global Network Read More »

Maersk and Valspar Complete Waterborne Conversion at Southern China Facility

PR Newswire | May 13, 2015 | Liner Shipping

After extensive line trials, Maersk Container Industry's factory in Dongguan has begun full production of dry containers coated with Valspar Aquaguard®, a zinc-free waterborne coating solution that provides industry-leading protection against corrosion. Read More »

Maersk says lower oil prices compensate for weak freight rates

Reuters | May 13, 2015 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk said lower oil prices that translated into low fuel costs for its vessels more than compensated for a drop in container freight spot rates. Read More »

Maersk Q1 beats forecasts, lifts 2015 forecast slightly

Reuters | May 13, 2015 | Liner Shipping

Danish oil and shipping group A.P. Moller-Maersk reported first-quarter net earnings above forecasts on Wednesday as the decline in shipping fuel costs more than offset a drop in freight rates. Read More »

Hapag Lloyd swings to Q1 profit

Reuters | May 13, 2015 | Liner Shipping

German shipper Hapag-Lloyd swung to a first-quarter profit thanks to the stronger U.S. dollar, lower bunker fuel prices and first effects from its merger with Chilean shipper CSAV. Read More »

U.S. calls on Iran to redirect Yemen-bound cargo ship

Reuters | May 12, 2015 | Liner Shipping

The United States called on Iran on Tuesday to send humanitarian relief for Yemen to a U.N. distribution center in Djibouti and criticized plans, reported by Iranian state media, for Iranian warships to escort a cargo vessel directly to Yemen. Read More »

Troy Container Line announces retirement of Vice President, celebrates 20 years of service

AJOT | May 12, 2015 | People | Appointments | Liner Shipping

NVOCC Says Farewell to Valued Team Member Read More »

Christening in Le Havre of the CMA CGM Kerguelen happening today

AJOT Administrator | May 12, 2015 | Liner Shipping

Being the third world containership operator, CMA CGM has chosen HAROPA - Port of Le Havre to christen its new sea giant vessel, the Kerguelen. A choice which proves the confidence that the major world ship-owners have placed in the professionalism of HAROPA, the leading container port for the external trade of France. Read More »

Iranian warships will escort Yemen-bound cargo ship

Reuters | May 12, 2015 | Liner Shipping

Iranian warships will accompany a cargo ship bound for the Yemeni port of Hodaida, held by Iran-allied Houthi fighters, a naval commander was quoted as saying by state news agency IRNA on Tuesday. Read More »

Danish shipper D/S Norden’s shares jump as Q1 profit tops forecast

Reuters | May 12, 2015 | Liner Shipping

Danish shipping company D/S Norden beat first-quarter operating profit forecasts on Tuesday, boosting its shares by as much as 9 percent. Read More »

Gold Star Line to Launch a New China-Korea-Philippine Service

PR Newswire | May 11, 2015 | Liner Shipping

Gold Star Line is pleased to announce the new China-Korea-Philippine Service (CKP), offering best-in-market transit time and convenient calls suited to customers’ needs. Read More »

Higher capesize rates perks up Baltic index

Reuters | May 11, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday, supported by increased demand for capesize vessels. Read More »

Libyan military shells Turkish cargo ship, crew member killed

Reuters | May 11, 2015 | Liner Shipping

Forces loyal to Libya’s internationally recognised government said on Monday they shelled a Turkish ship off the Libyan coast after it was warned not to approach, and one crew member was killed in what Turkey described as a “contemptible attack”. Read More »

Naming of UASC containership Barzan sees first vessel with DNV GL’s new GAS READY class notation hit

AJOT | May 11, 2015 | Liner Shipping

Barzan, the first in a series of six 18,800 TEU container vessels ordered by UASC, was recently named at Hyundai Samho Heavy Industries (HSHI) in Mokpo, South Korea. Read More »

OOCL announces new China East Coast Express 2 Service

AJOT | May 11, 2015 | Liner Shipping | Ports & Terminals

OOCL announces the introduction of a new product, the China East Coast Express 2 (CEC2), to supplement our existing CEC service and enhance our product portfolio covering the Asia - U.S. East Coast markets. Read More »

Libyan military shells Turkish cargo ship, crew member killed

Reuters | May 11, 2015 | Liner Shipping

Forces loyal to Libya’s internationally recognised government said on Monday they shelled a Turkish ship off the Libyan coast after it was warned not to approach, and one crew member was killed in what Turkey described as a “contemptible attack”. Read More »

South Korea’s Daewoo Shipbuilding in talks with Maersk unit for container ships order

Reuters | May 11, 2015 | Liner Shipping

South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) is in talks with a unit of A.P. Moller-Maersk for a potential order to build ultra-large container ships, a DSME spokesman said on Monday. Read More »

Call to expand joint patrols in piracy hot spots

Reuters | May 10, 2015 | Liner Shipping

After keeping pirates at bay in the Malacca Strait, Singapore and its neighbours want to expand their joint patrols in new piracy hot spots in the South China Sea, the Straits Times reported. Read More »

Iran to send cargo ship to Yemen as truce takes effect

Reuters | May 10, 2015 | Liner Shipping

An Iranian cargo ship will set sail for the rebel-held Yemeni port of Hodeida on Sunday evening, Iran’s Tasnim news agency said, in a move likely to fan further tensions with Saudi-led forces blockading the country. Read More »