Liner Shipping

China COSCO sees better 2010 after weak H2 results

AJOT | April 25, 2010 | Liner Shipping

Shipping conglomerate China COSCO Holdings said it expected its liners to have better operating results in 2010 after posted worse-than-expected second-half losses on weak shipping demand.

Container freight rates have been rising since the la Read More »

Maersk’s new Halifax line to serve lobster trade

AJOT | April 25, 2010 | Liner Shipping

The world's biggest container shipper, Maersk Line, has opened a route from Halifax in Nova Scotia to Rotterdam to meet growing demand for transport of live shellfish, Maersk and its partner Aqualife said. Since 2005 Maersk Line, which belongs to Danish o Read More »

Horizon Lines posts wider-than-expected Q1 loss

AJOT | April 25, 2010 | Liner Shipping

Container shipping company Horizon Lines Inc reported a wider-than-expected first-quarter loss hurt by high fuel costs and increased contractual labor expenses.

For the quarter, the company's net loss was $13.2 million, or 43 cents a share, c Read More »

Hamburg S’d announces general rate increase for pacific coast cargo shipments to Europe

AJOT | April 25, 2010 | Liner Shipping

Hamburg S'd announced that effective June 1, 2010, a General Rate Increase (GRI) will be applied to all cargo moving from U.S. West Coast ports and Vancouver to Europe. Read More »

INTTRA launches ocean freight electronic invoice presentment and payment with CMA CGM and . . .

AJOT | April 18, 2010 | Liner Shipping

As announced at Containerization International's Global Liner Shipping Conference, INTTRA, the leading global provider of e-commerce solutions to the ocean freight industry, confirmed the launching of the first ocean freight invoice transmitted via INTTRA Read More »

COSCO cautiously starts capacity restoration on CEN servive

AJOT | April 18, 2010 | Liner Shipping

COSCO Container Lines will restore capacity on their CEN service by bringing back six 7500 TEU vessels to replace the six current 5500 TEU vessels, starting April 24th; the phase in will be completed by the end of May. Along with restoring capacity on thi Read More »

OOIL says Q1 container shipping revenue up 18.9%

AJOT | April 18, 2010 | Liner Shipping

Orient Overseas (International) Ltd (OOIL) said revenue from its container shipping unit increased 18.9 percent in the first quarter of 2010 as global trade continued to recover. Read More »

‘K’ Line and Mitsui-OSK Line announce enhanced Asian service for Halifax

AJOT | April 18, 2010 | Liner Shipping

'K' Line, Hanjin Shipping, Yang Ming Line and COSCO Container Line, members of the CKYH Alliance, in cooperation with Mitsui O.S.K. Lines (MOL) will launch a Pearl River ' Southeast Asia ' Suez Canal express service in mid May with the Port of Halifax as Read More »

UASC Secures Multi-Currency Ship Financing of US$2

AJOT | April 18, 2010 | Liner Shipping

United Arab Shipping Company (UASC) has concluded a multi-currency US$275 million term loan facility on a 'club deal' basis. The funds have been secured to finance UASC's acquisition of three A13 type container vessel new buildings, each with a capacity o Read More »

PIL and Wan Hai resume Far East’Northern Europe service

AJOT | April 18, 2010 | Liner Shipping

The two container shipping companies PIL Pacific International Lines (Singapore) and Wan Hai Lines (Taiwan) have resumed operation of their FES scheduled container liner service from the Far East to northern Europe. Read More »

Maersk: 2010 freight rates at break-even at best

AJOT | April 18, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipping company, sees 2010 freight rates reaching break-even at best on the back of a slow recovery in demand, its chief operating officer said.

In presentation material for the 12th Global Liner Sh Read More »

MOL Announces Changes to Africa Trade Network

AJOT | April 18, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL, President: Akimitsu Ashida) announced changes in its services related to the Africa trade.
Aiming for more stable service and schedule integrity, Mozambique Zuid Africa Service (MZX) will cover Durban, which is currently c Read More »

Evergreen Marine to bolster box ship fleet

AJOT | April 18, 2010 | Liner Shipping

According to press reports, Taiwan's Evergreen Marine, the world's fourth largest shipping firm, said it plans to spend more than US$5 billion on newbuildings.
The company is planning on adding 100 container vessels to the group fleet of around 150 Read More »

MOL completes concept for series of new generation vessels

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the completion of the concept for its third in a series of next-generation vessels, which will be technically practical in the near future. The latest concept is for an environment-friendly, large-scale iron ore carrier Read More »

Diana Shipping announces completion of investment in new containership project

AJOT | April 11, 2010 | Liner Shipping

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has completed its investment of US$50 million in the previously announced new project involving a company formed for the purpose of in Read More »

MOL technology research center starts operation

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the completion of its new technology research center in the Kurigi District(*1) of Kawasaki Micom City. Read More »

MOL announces launch of new Asia-USEC Service

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced a new all-water service to expedite cargo moving from major Asian ports to key destinations on the U.S. East Coast, via the Suez Canal. 
From May 15, the 'SVE' (South China/Vietnam ' the US East Coast) service wil Read More »

Evergreen realigns its sailings in the U.S. West Coast, Asia and Mediterranean trades

AJOT | April 11, 2010 | Liner Shipping

Evergreen Line will enhance coverage of the U.S. West Coast-Asia-Mediterranean trade routes by reintroducing a 20-port pendulum service for the region that will range from Tacoma to Valencia, Spain, via the Far East, Middle East and Suez Canal. Read More »

MOL starts safety campaign

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the launch of the semiannual Safety Campaign aboard all of its operated vessels and those of its group companies. Read More »

Mitsui O.S.K. Lines, Ltd. announces revision of FY2009 outlook

AJOT | April 01, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (the Company; President: Akimitsu Ashida) announced a revision of its consolidated business outlook for FY2009, ending March 31, 2010 (April 1, 2009 - March 31, 2010), announced on January 29, 2010, as follows: Read More »