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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Hyundai Heavy loses $1.8 bln in quarter, braces for worst annual loss

Reuters | October 30, 2014 | Liner Shipping

South Korea’s Hyundai Heavy Industries Co Ltd, the world’s biggest shipbuilder, slid to a record quarterly loss of $1.8 billion and warned it’s heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders. Read More »

Soechi Lines plans IPO in early December

Reuters | October 29, 2014 | Liner Shipping

PT Soechi Lines, a marine transportation, shipyard industry and hotel firm, plans to raise up to 2.05 trillion rupiah ($168.86 million) in an initial public offering in early December, said CEO Go Darmadi. Read More »

ZIM resumes calls in Barcelona

AJOT | October 28, 2014 | Liner Shipping

Barcelona is again a port of call of the three ZIM services after the Israeli shipping company ZIM announced a restructuring of its services and partnerships worldwide. Read More »

Canada hasn’t set aside enough cash for Arctic fleet

Reuters | October 28, 2014 | Liner Shipping

Canada will fail to deliver a proposed fleet of six to eight Arctic patrol ships unless it spends significantly more than the C$2.8 billion ($2.51 billion) planned, the Canadian Parliament’s budget watchdog said on Tuesday. Read More »

Global Ship Lease Takes Delivery of 8,063 TEU Vessel

GlobeNewswire | October 28, 2014 | Liner Shipping

Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today that it took delivery of a 2005-built, 8,063 TEU containership, the OOCL Tianjin. Upon delivery, the vessel commenced a timecharter back to the seller, Orient Overseas Container Lines Limited (“OOCL”), for 36 to 39 months at a rate of $34,500 per day. With this addition, the Company’s fleet stands at 18 vessels with a total capacity of 74,412 TEU. Read More »

CIMC and Globe Tracker Collaborate to Accelerate Global Adoption of Supply Chain Tracking

AJOT | October 27, 2014 | Liner Shipping

CIMC and Globe Tracker Collaborate to Accelerate Global Adoption of Supply Chain Tracking

CIMC Internet of Mobile Things International Operation and Service Co., Ltd. (CIMC IOMT) and Globe Tracker International, ApS announce further collaboration through formation of a strategic partnership to supply the container shipping, trucking, railway and logistics industries with global tracking, monitoring and remote asset management services and equipment. Read More »

Asia-Europe container freight rates fall 1.1 percent

Reuters | October 27, 2014 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 1.1 percent to $697 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

Construction begins on Crowley’s new commitment class LNG-powered ConRo ships

AJOT | October 22, 2014 | Liner Shipping

A historic moment for Crowley as VT Halter Marine, Inc., a subsidiary of VT Systems, Inc., officially began construction on the first of two liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships for Crowley Maritime Corporation’s liner services group. VT Halter Marine and Crowley entered into a contract for the pair of ships in November 2013 and construction began with the first steel plate cutting in Pascagoula, Miss. Read More »

TSA carriers tackle sharply rising costs for low-sulfur fuel

AJOT | October 21, 2014 | Liner Shipping

Asia-U.S. container shipping lines in the Transpacific Stabilization Agreement (TSA), facing an average US$365 per ton low-sulfur fuel price differential at the beginning of 2015 – as environmental rules mandate a shift to cleaner marine gas oil (MGO) within North American coastal waters – have revised their recommended low-sulfur fuel charge to recover the added cost. Read More »

TransPacific Lines grapple with inland transport crisis

AJOT | October 20, 2014 | Liner Shipping

Congested U.S. port terminals, harbor and over-the-road truck and driver shortages, slower trains and longer rail terminal dwell times due to increased domestic rates have not only disrupted service but also driven intermodal rates and cargo handling costs up sharply. Read More »

MOL’s ACW Service to begin calling Philadelphia

AJOT | October 17, 2014 | Liner Shipping

MOL (America) Inc. has announced that the America’s Coast West (ACW) service will begin calling Philadelphia. The new port rotation will begin by departing Valparaiso on November 12, 2014. As a result of this strategic new port call designed especially for refrigerated cargo, customers will enjoy the following benefits: Read More »

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