AJOT Digital Edition
Issue #591

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Terminal Operators

Air Cargo Quarterly

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2014 Media Kit

Liner Shipping

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Asia-Europe container freight rates drop 20.5 percent

Reuters | November 16, 2014 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 20.5 percent to $934 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

SA-West Africa multi-purpose trade expected to grow in 2015

AJOT | November 12, 2014 | Breakbulk & Projects | Projects | Liner Shipping

SA-West Africa multi-purpose trade expected to grow in 2015

Shipping line SafmarineMPV expects the multi-purpose trade between South Africa and West Africa to grow in 2015 as South African companies strengthen their foothold in the West African market and become more globally competitive. Read More »

Matson To Acquire Horizon’s Alaska Operations

AJOT | November 11, 2014 | Liner Shipping

Matson, Inc. and Horizon Lines, Inc. announced that they have entered into a definitive merger agreement pursuant to which Matson will acquire the stock of Horizon, which will include its Alaska operations and the assumption of all non-Hawaii business liabilities Read More »

The Pasha Group Announces Agreement to Acquire Horizon’s Hawaii Business

AJOT | November 11, 2014 | Liner Shipping

The Pasha Group, a family-owned global logistics and transportation company, today announced an agreement to acquire the Hawaii trade-lane business of Horizon Lines, Inc., a Jones Act container shipping and integrated logistics company, for approximately $141.5 million. The transaction will greatly expand and complement Pasha’s current offerings for shipping between the mainland United States and Hawaii. Read More »

Horizon Lines Terminating Puerto Rico Operations

PR Newswire | November 11, 2014 | Liner Shipping

Horizon Lines, Inc. announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability. Read More »

General Dynamics NASSCO Celebrates Start of Construction for Three SEA-Vista Commercial Product Tank

PR Newswire | November 11, 2014 | Liner Shipping

SAN DIEGO, Nov. 11, 2014 /PRNewswire/ -- General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (NYSE: GD), signaled the start of construction for three 50,000 deadweight ton, 330,000 barrel cargo capacity product tankers for SEA-Vista LLC, a joint venture between SEACOR Holdings Inc. and Avista Capital Partners (SEA-Vista). Each LNG-conversion ready product tanker will be constructed at the NASSCO shipyard in San Diego under Jones Act requirements and will continue to provide and support well-paying jobs in the local economy.

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Maersk Line raises 2014 profit forecast after Q3

Reuters | November 11, 2014 | Liner Shipping

Container shipping company Maersk Line, a unit of A.P. Moller-Maersk, said on Tuesday it had increased its 2014 full-year net profit forecast to above $2 billion from a previous forecast of “significantly” above $1.5 billion. Read More »

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