Liner Shipping

APL introduces new service in the Americas

AJOT | May 20, 2015 | Liner Shipping

APL today introduced a new weekly service to enhance its network coverage in the Americas. The new America Caribbean Express (ACX) service, which links Central America and U.S. East Coast, is operated through a vessel sharing agreement with SeaLand. Read More »

Containership reliability reaches new high as congestion and alliance issues fade

AJOT | May 20, 2015 | Liner Shipping

Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Carrier Performance Insight Read More »

Iran cargo ship heads towards Red Sea amid fears of Yemen showdown

Reuters | May 20, 2015 | Liner Shipping

An Iranian cargo ship heading to Yemen is expected to cross into the Red Sea on Thursday, state news agency IRNA reported, amid fears of a showdown with Saudi-led forces enforcing restrictions on Yemeni ports. Read More »

Pentagon says Iran warships ‘linked up’ with cargo vessel

Reuters | May 19, 2015 | Liner Shipping

The Pentagon said on Tuesday that two Iranian warships have “linked up” with a cargo ship that Iran has said is carrying humanitarian aid to Yemen, as activists on board the vessel said it was due to arrive at the Yemeni port of Hodaida on Thursday. Read More »

Maersk Line to increase Asia-Europe rates by $800 TEU

Reuters | May 19, 2015 | Liner Shipping

Shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by $800 per 20-foot equivalent unit (TEU) from June 1, it said on Tuesday. Read More »

BP, Sinopec start Singapore-based bunker fuel joint venture

Reuters | May 19, 2015 | Liner Shipping

British oil major BP and China’s Sinopec Fuel Oil are starting a Singapore-based joint venture in ship fuel storage and sales, BP said in a statement on Tuesday. Read More »

Iran uses maritime confrontations to project power in Gulf

Reuters | May 19, 2015 | Liner Shipping

Iran is using its sea power in the Gulf to show it will not be cowed by Washington’s newly assertive Arab allies, prompting critics to accuse Tehran of destabilising the region. Read More »

MOL launches joint services between Asia and East Coast South America

AJOT | May 18, 2015 | Liner Shipping

Mitsui O.S.K. Lines (MOL) today announced the launch of new joint services with Maersk Line (ML) and Mediterranean Shipping Company (MSC) between the major trading hub of Asia and key ports in East coast of South America. Read More »

Australia to widen curbs on shipping around Great Barrier Reef

Reuters | May 18, 2015 | Liner Shipping

Australia will more than double an area near the Great Barrier Reef subject to special curbs on shipping in a bid to protect the environmentally sensitive region, the government said on Saturday. Read More »

Iranian warships begin escorting Yemen-bound cargo vessel

Reuters | May 18, 2015 | Liner Shipping

Two Iranian warships have begun escorting the Yemen-bound Iran Shahed cargo ship in the Gulf of Aden, the vessel’s captain said in remarks published by Iran’s Tasnim news agency on Monday. Read More »

Maersk Line to share vessels with MSC and MOL in Asia - South America

Reuters | May 18, 2015 | Liner Shipping

Maersk Line has entered into a vessel sharing agreement with Switzerland-based Mediterranean Shipping Company (MSC) and Japan’s Mitsui O.S.K Lines (MOL) on routes between Asia and the east coast of South America. Read More »

Asia - North Europe container freight rates fell 23.6% last week

Reuters | May 18, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 23.6 percent to $658 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. Read More »

Tanker attacked by Iranian craft collided with Iran oil platform in March

Reuters | May 15, 2015 | Energy | Maritime | Liner Shipping

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts have since been made to resolve the issue, the owner said on Friday. Read More »

Evergreen Line Launches China-Surabaya Service

AJOT | May 14, 2015 | Liner Shipping

In view of the increasing market demand resulting from significant trade growth between China and the ASEAN countries, Evergreen Line will partner with COSCO and China Shipping in launching a joint China-Surabaya Express (CSX) Service. This is Evergreen's latest initiative to enhance its service on the Intra-Asian trade. Read More »

Iranian ships fire warning shots at Singapore-flagged vessel in Gulf

Reuters | May 14, 2015 | Liner Shipping

Iran’s Revolutionary Guard Corps Navy fired warning shots over Singapore-flagged cargo vessel in international waters in the Gulf on Thursday, prompting the cargo vessel to flee into United Arab Emirates’ territorial waters, a U.S. official told Reuters, saying the account was based on preliminary information. Read More »

MOL Tabletop Drill prepares for major offshore incident

AJOT | May 14, 2015 | Liner Shipping

Scenario: Cruise ship collides with another vessel on Kanmon passage, engine room flooded Read More »

U.S. Kerry to take tough approach in China over South China Sea

Reuters | May 14, 2015 | Liner Shipping

U.S. Secretary of State John Kerry will leave China “in absolutely no doubt” about Washington’s commitment to ensuring freedom of navigation and flight in the South China Sea when he visits Beijing this weekend, a senior State Department official said on Wednesday. Read More »

Top Carriers - 1st Quarter Comparison in TEUS

AJOT | May 13, 2015 | Liner Shipping

Jan-Mar 15 vs. Jan-Mar 14 Read More »

Yemen war risk could strangle strategic sea trade routes

Reuters | May 13, 2015 | Liner Shipping

With Middle East giants Saudi Arabia and Iran squaring up on opposing sides in the Yemen war, the dangers to vital oil tanker and goods voyages are growing daily. Read More »

Danish shipper Torm posts first quarterly profit in five years

Reuters | May 13, 2015 | Liner Shipping

Debt-stricken Danish tanker operator Torm has posted its first quarterly net profit in five years thanks to higher freight rates. Read More »