Liner Shipping

Saudi shipper Bahri hopes to issue sukuk this quarter

Reuters | May 06, 2015 | Liner Shipping

National Shipping Company of Saudi Arabia (Bahri) plans to make a debut sukuk issue worth up to 3.9 billion riyals ($1.04 billion) this quarter, the company’s vice chief executive officer for finance Mohammad Alotaibi said on Wednesday. Read More »

Diana Containerships Inc. Announces Time Charter Contract for M/V Pamina With Zim

GlobeNewswire | May 05, 2015 | Liner Shipping

Diana Containership entered into a time charter contract with Zim Integrated Shipping Services Ltd, for one of its Panamax container vessels, the m/v Pamina Read More »

Specialty Motors Keep Shipping Industry Afloat

AJOT | May 04, 2015 | Liner Shipping

When large specialty motors catastrophically fail at sea, finding a suitable replacement within days – not months – is critical to bring production back online and minimize loss of revenue Read More »

Matson reports net income of $25 million for quarter

AJOT | May 04, 2015 | Liner Shipping

Matson, Inc. reported net income of $25.0 million, or $0.57 per diluted share for the quarter ended March 31, 2015. Net income for the quarter ended March 31, 2014 was $3.4 million, or $0.08 per diluted share. Consolidated revenue for the first quarter 2015 was $398.2 million compared with $392.5 million reported for the first quarter 2014. Read More »

NYK annual profit soars 44% to US$352 million on 7.4% revenue rise

AJOT | May 04, 2015 | Liner Shipping

Nippon Yusen Kaisha (NYK), posted a 44% year-on-year increase in net profit in FY 2014 to ¥47.5 billion (US$395.4 million) drawn on revenues of ¥2.4 trillion, an increase of 7.4 per cent. Read More »

MOL profits up on improved revenues

AJOT | May 04, 2015 | Liner Shipping

Mitsui OSK Lines (MOL) annual profit rose 35.5% to US$352 million on 5% revenue increase. Read More »

OOCL withdraws Asia-Europe sailing in response to tepid Labor Day demand

AJOT | May 04, 2015 | Liner Shipping | Ports & Terminals

OOCL cancels Asia-Europe sailing in response to tepid Labor Day demand Read More »

Christening ceremony for the OOCL Utah in Shanghai

AJOT | May 04, 2015 | Liner Shipping

At a christening ceremony for the naming of the OOCL Utah in Shanghai today, OOCL was honored to celebrate the occasion with business partners, distinguished guests, and friends representing the State of Utah that brought special meaning to the event. Read More »

CMA CGM agent in Pointe Noire (Congo) has moved

AJOT | May 04, 2015 | Liner Shipping

CMA CGM agent, DELMAS CONGO (Pointe Noire), has moved to the following address: DELMAS CONGO 15 avenue du Général de Gaulle Immeuble IMMOCO - 2ème étage BP 884 POINTE NOIRE CONGO Please note that phone numbers remain unchanged. Read More »

Kristian Morch to leave Clipper Group

AJOT | May 04, 2015 | Liner Shipping

Clipper Group's partner and co-CEO Kristian Morch, has accepted a position as CEO of Oddfjell SE and will therefore leave Clipper Group. Gary Vogel will take on the responsibility as sole CEO of Clipper Group. Read More »

May 9th start to container service linking India and Middle East

AJOT | May 04, 2015 | Liner Shipping | Ports & Terminals | Ports | Container Port

Evergreen Line and Simatech Shipping will launch a new container service connecting the Indian subcontinent and the Middle East according to the Oman International Container Terminal (OICT) Read More »

Hamburd Süd announces GRI from US to Australia and New Zealand

AJOT | May 04, 2015 | Liner Shipping

Effective June 15, 2015, a General Rate Increase (GRI) will be applied to all cargo moving from the United States East, West and Gulf Coast to Australia & New Zealand Read More »

SeaLand Introduces South Atlantic Express (SAE) Service Enhancements

AJOT | May 04, 2015 | Liner Shipping | Ports & Terminals | Ports | Container Port

SeaLand Introduces service enhancements under the South Atlantic Express (SAE) Service, bringin improved coverage of the east coast of the United States to Central America, the Caribbean and Colombia. These improvements include an additional call to Philadelphia and improved service reliability with an additional 5th vessel rotation. Read More »

CMA CGM to improve connections between Asia and West Africa North range

AJOT | May 04, 2015 | Liner Shipping | Ports & Terminals | Ports | Container Port

CMA CGM Group is continuing to improve its services to Africa. Read More »

Maersk Line implements TransPac GRI

AJOT | May 04, 2015 | Liner Shipping

Maersk Line will be implementing a Transpacific Eastbound (Far East Asia to United States & Canada) General Rate Increase (GRI) for all dry cargo transiting in this lane. This GRI will be effective on June 1st, 2015. Read More »

Maersk meets Iranian officials over seized vessel

Reuters | May 04, 2015 | Liner Shipping

Maersk Line said on Monday it had met again with the Ports & Maritime Organization (PMO) in Iran regarding the seizure of the vessel Maersk Tigris but has yet to receive any official documents from Iranian authorities. Read More »

Dongkuk Steel considers suspending output at shipbuilding steel plant

Reuters | May 04, 2015 | Liner Shipping

South Korea’s Dongkuk Steel Mill said on Monday that it was considering suspending production at a factory making steel used by shipbuilders in the city of Pohang. Read More »

U.S. Navy might accompany other nations’ ships in Strait of Hormuz

Reuters | May 01, 2015 | Liner Shipping

The U.S. military signaled on Friday it may allow warships to accompany other nations’ vessels through the Strait of Hormuz, after Iran’s seizure of a container ship this week prompted the Navy to start accompanying U.S.-flagged vessels. Read More »

Baltic index down on lower rates for panamax and smaller vessels

Reuters | May 01, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday, pulled down by a fall in rates for panamax and smaller vessels. Read More »

U.S. Navy starts to accompany U.S. ships passing through Strait of Hormuz

Reuters | April 30, 2015 | Liner Shipping

U.S. Navy ships started accompanying U.S.-flagged commercial vessels passing through the Strait of Hormuz on Thursday, seeking to ensure freedom of navigation two days after Iran seized a cargo ship, U.S. defense officials said. Read More »