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Issue #583 | Forest Products

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2014 Media Kit

Liner Shipping

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TSA Lines finalize August 1 guide line rate increase

AJOT | July 16, 2014 | Liner Shipping

Member container shipping lines in the Transpacific Stabilization Agreement (TSA), seeing sustained third-quarter cargo demand across major commodity segments, are recommending a general rate increase (GRI) from all Asia origins to all U.S. destinations, of at least US$600 per 40-foot container (FEU). Read More »

Hamburg Süd upgrades West Coast/Mediterranean Service

AJOT | July 16, 2014 | Liner Shipping

Hamburg Süd upgrades West Coast/Mediterranean Service

Hamburg Süd has phased in the 4600 teu vessel “Cap Jackson”, shown here docking at APM Terminals in the port of Los Angeles. The “Cap Jackson” will be part of an eleven ship fleet in the West Coast/Mediterranean service that is operated in a vessel sharing agreement with Hapag-Lloyd. Read More »

Pirates attack Malaysian oil tanker in South China Sea

Reuters | July 16, 2014 | Energy | Maritime | Liner Shipping

Pirates attacked a Malaysian oil tanker in the Malacca Straits and siphoned off its load, the Malaysian navy and officials said on Wednesday, the latest in a series of hijackings raising tension in Southeast Asia’s busy sea lanes. Read More »

Nicaragua Approves Canal Route

Reuters | July 14, 2014 | International Trade | Liner Shipping | Ports & Terminals

Nicaragua Approves Canal Route

A Nicaraguan committee approved a proposed route for a $40 billion shipping channel across the Central American country that would compete with the Panama Canal Read More »

Maersk Tankers continues exit from crude transportation

Reuters | July 14, 2014 | Energy | Maritime | Liner Shipping

Maersk Tankers, a unit of A.P. Moller-Maersk, said on Thursday it had quit four unprofitable crude oil charter contracts by buying out supertankers and selling them onwards, continuing its exit from crude oil transportation. Read More »

Maersk Line announces cooperation on the East-West trades with MSC

AJOT | July 10, 2014 | Liner Shipping

Maersk Line announces cooperation on the East-West trades with MSC

Today, Maersk Line has announced a 10 year Vessel Sharing Agreement (VSA) with Mediterranean Shipping Company (MSC) on the Asia-Europe, Transatlantic and Transpacific trades. The VSA will be referred to as 2M. It replaces all existing VSAs and slot purchase agreements that Maersk Line has in these trades. Read More »

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