Liner Shipping

Shipping industry faces shake up as private equity unwinds bets

Reuters | March 03, 2015 | Liner Shipping

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Read More »

Maersk: Mediterranean to United States General Rate Increase

AJOT | March 03, 2015 | Liner Shipping

Maersk Lines announced a General Rate Increase for Mediterranean to United States with an effective date of April 1, 2015. Read More »

Vessels for the Future - new research association to spur maritime transport’s competitiveness

AJOT | March 03, 2015 | Liner Shipping

Launched in November 2014, over 50 companies, research institutes, academic organizations and interested associations have already signed up to take part in the initiative to work towards a more sustainable European transport system. Read More »

MOL expands large-scale containership fleet

AJOT | March 02, 2015 | Liner Shipping

Building and chartering six 20,000 TEU containerships for more competitive services Read More »

Hapag Lloyd revises Export Reefer Connection Tariff to Italy

AJOT | March 01, 2015 | Liner Shipping

Hapag-Lloyd will revise the export reefer connection charge effective April 1, 2015. Read More »

Asia-Europe container freight rates fell 6.5%

Reuters | February 27, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5% to $938 per TEU in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

JAXPORT welcomes all-new 2015 Jeep Renegade

AJOT | February 26, 2015 | Liner Shipping | Ports & Terminals

FCA US LLC has selected JAXPORT to import its all-new 2015 Jeep® Renegade, the first Jeep ever to be built exclusively outside of the United States. AMPORTS will handle vehicle processing at JAXPORT’s Blount Island Marine Terminal and the SUVs will be shipped via Grimaldi Lines. Read More »

Maersk Line CEO says company will order mega-vessels in second quarter

Reuters | February 26, 2015 | Liner Shipping

Maersk Line will place an order for a number of new mega-container vessels, each with a capacity to hold around 18,000 20-foot containers, in the second quarter despite an imbalance between supply and demand in the industry. Read More »

Navios Maritime Partners L.P announces acquisition of option to acquire 13,100 TEU container vessel

AJOT | February 26, 2015 | Liner Shipping

Navios Maritime Partners L.P., an international owner and operator of container and drybulk vessels, has announced that it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party. Read More »

India to raise some freight rates from April 1st

Reuters | February 26, 2015 | Liner Shipping

India will increase some freight rates in the 2015/16 fiscal year that begins in April, the government said on Thursday. Read More »

North Korea shipping firm skirts sanctions by renaming ships

Reuters | February 25, 2015 | Liner Shipping

A U.N.-blacklisted North Korean shipping company has renamed most of its vessels in a bid to disguise their origin and continues its illicit shipments in violation of United Nations sanctions, according to a U.N. experts report seen by Reuters on Wednesday. Read More »

TSA Lines recommend April GRI to help address ongoing costs

AJOT | February 25, 2015 | Liner Shipping

Container shipping lines have begun the slow work of repairing their networks as U.S. West Coast congestion difficulties ease. Read More »

AMU and Rutgers CCICADA Center to Co-Sponsor First National Maritime Cybersecurity Symposium

AJOT | February 25, 2015 | Liner Shipping

Event Will Focus on Awareness and Best Practices in Cybersecurity Read More »

Maersk to hand $6.6 billion to investors after selling Danske stake

Reuters | February 25, 2015 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk will hand shareholders a $6.6 billion windfall in dividends this year after it sells its 20 percent stake in Denmark’s biggest bank Danske. Read More »

Crowley receives first wave of new container equipment

AJOT | February 24, 2015 | Liner Shipping

In response to high customer demand Crowley Maritime Corporation’s liner services group is deploying an influx of new equipment, including hundreds of chassis, ISO tanks and high-cube containers, for use in the company’s services between the U.S., Puerto Rico, the Caribbean and Central America. Read More »

Matson, Inc. announces fourth quarter EPS and provides 2015 outlook

PR Newswire | February 24, 2015 | Liner Shipping

HONOLULU, Feb. 24, 2015 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today reported net income of $27.8 million, or $0.63 per diluted share for the quarter ended December 31, 2014 compared with $7.3 million, or $0.17 per diluted share in 2013. The fourth quarter 2013 was negatively impacted by a litigation charge of $0.14 per share. Consolidated revenue for the fourth quarter 2014 was $443.5 million compared with $410.9 million reported for the fourth quarter 2013.

Read More »

CMA CGM RHONE enters the CMA CGM fleet

AJOT | February 23, 2015 | Liner Shipping

The CMA CGM Group has announced that the maiden voyage of the CMA CGM RHONE started in China on February 20th, 2015. Read More »

Liberty One receives two ISO certificates from DNV GL

AJOT | February 20, 2015 | Liner Shipping

Classification society DNV GL has certified maritime services provider Liberty One under ISO 9001 and ISO 14001 for its quality and environment management system. Read More »

DNV GL welcomes MSC Oscar, world’s largest boxship, to fleet

AJOT | February 19, 2015 | Liner Shipping

The world’s leading ship and offshore classification society DNV GL welcomes the world’s largest containership into class – the MSC Oscar. Delivered by Daewoo Shipbuilding & Marine Engineering (DSME) in Geoje, South Korea, in January the 19,224TEU vessel is already plying its trade on the new East-West service. Read More »

CMA CGM Group inaugurates new logistics platform in Douala, Cameroon and the creation of CCIS

AJOT | February 19, 2015 | Liner Shipping

The CMA CGM Group has announced the inauguration of its new logistics platform, the 3CTC Terminal (CMA CGM Cameroon Container Terminal), on February 19th, 2015. Read More »