Liner Shipping

Not All Smooth Sailing Ahead for Container Shipping Carriers

GlobeNewswire | March 24, 2015 | Liner Shipping

The study notes that demand seems to continue to lag, as evidenced by weekly container pricing remaining relatively flat or down in the past 12 months for several transpacific trade routes, whereas critical Asia-Europe routes are down 15% or more. Read More »

EU set to re-impose sanctions on more Iranian shipping companies

Reuters | March 24, 2015 | Liner Shipping

The European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic’s transport sector which has sought an easing of trade restrictions, letters sent from the EU showed. Read More »

The CMA CGM VOLGA, 8th of the 28 vessels named after famous rivers series, enters the CMA CGM fleet

AJOT | March 24, 2015 | Liner Shipping

The CMA CGM Group is pleased to announce that the CMA CGM VOLGA entered the CMA CGM fleet on March 17th, and started her first rotation in Dalian, China, on March 20th. Read More »

Knightsbridge Shipping Limited application approved for the Oslo Stock Exchange

AJOT | March 23, 2015 | Liner Shipping

Knightsbridge Shipping Limited has announced that, in connection with the previously announced merger between Knightsbridge and Golden Ocean Group Limited its shares have been approved for a secondary listing on the Oslo Stock Exchange Read More »

Baltic index up with rising capesize and smaller vessel rates

Reuters | March 23, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued to rise on Monday, supported by positive capesize and smaller vessel rates. Read More »

Higher rates across all vessel segments propels Baltic index

Reuters | March 23, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday, propelled by higher rates across all vessel segments. Read More »

EU regulators order Cosco, Piraeus port operator to pay back state aid

Reuters | March 23, 2015 | Liner Shipping

European Union state aid regulators have ordered Greece to recover certain illegal fiscal benefits granted to Piraeus Container Terminal (PCT) and its parent company Cosco Pacific Ltd. Read More »

Wallenius Wilhelmsen Logistics earns recognition as John Deere “Partner-level Supplier”

AJOT | March 20, 2015 | Liner Shipping

Wallenius Wilhelmsen Logistics has earned recognition as a Partner-level supplier for 2014 in the John Deere Achieving Excellence Program. Read More »

Diana Containerships Inc. Announces Agreement to Acquire Two Panamax Container Vessels

GlobeNewswire | March 20, 2015 | Liner Shipping

Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Panamax container vessels, the m/v YM Los Angeles and the m/v YM New Jersey. Read More »

Asia - North Europe container freight rates drops 12.4%

Reuters | March 20, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 12.4 percent to $620 per 20-foot container (TEU) in the week ended on Friday Read More »

Asia Tankers-Ample tonnage, few cargoes weigh on VLCC rates

Reuters | March 20, 2015 | Energy | Maritime | Liner Shipping

Rates for very large crude carriers (VLCCs) on key Asian routes will face further pressure next week even as owners resist attempts to push rates lower, brokers said. Read More »

Dry bulk shippers: Rise in Baltic index boosts shares

Reuters | March 19, 2015 | Liner Shipping

Shares of dry bulk shippers go up as Baltic Exchange’s main sea freight index rise Read More »

Baltic index advances with rising dry commodity vessel demand

Reuters | March 19, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted on Thursday by higher demand across all vessel segments. Read More »

Baltic index rises on demand for panamax and smaller vessels

Reuters | March 19, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted on Wednesday by higher demand for panamax and smaller vessel segments. Read More »

AGCT opens COSCO regional service in Rijeka

AJOT | March 19, 2015 | Liner Shipping

Adriatic Gate Container Terminal (AGCT), ICTSI's container handling facility in the Port of Rijeka, Croatia, recently launched COSCO's AGT when COSCO selected AGCT as the first port of call of the service. Read More »

Maersk gives terms for sale of Danske Bank stake

Reuters | March 19, 2015 | Liner Shipping

Danish shipping and oil company A. P. Moller-Maersk on Thursday published the terms under which it will sell its 20 percent stake in Denmark’s largest bank Danske Bank, a sale announced in February. Read More »

Largest vessel ever calls on Savannah

AJOT | March 18, 2015 | Liner Shipping | Ports & Terminals | Ports | Container Port

The ZIM vessel Tianjin transits the Savannah River channel on March 18. At a capacity of 10,062 twenty-foot equivalent container units, the Tianjin is the largest ship ever to call on the Port of Savannah. Read More »

MOL Group establishes “MOL Project & Heavy Cargo” as Unified Brand

AJOT | March 18, 2015 | Breakbulk & Projects | Projects | Liner Shipping

MOL announced the establishment of a unified brand — “MOL Project & Heavy Cargo” — highlighting the MOL Group’s capabilities in the rapidly growing plant and heavyweight cargo transport sector. Read More »

US Coast Guard completes LNG bunkering regulations with reference to DNV GL’s Recommended Practice

AJOT | March 18, 2015 | Liner Shipping

Responding to the industry’s need for more guidance on procedures related to liquefied natural gas (LNG) bunkering, the US Coast Guard (USCG) has published two new Policy Letters on LNG Bunkering, Personnel Training and Waterfront Facilities. v Read More »

AAL strengthens its Tramp & Projects division with new vessel addition

AJOT | March 18, 2015 | Liner Shipping

AAL, one of the world’s leading global breakbulk, project cargo and heavy lift shipping operators, today announced that AAL Galveston will join its fleet on long-term time charter and add capacity to its Tramp and Projects division; providing worldwide trade for customers, with a specific focus on EU and US trades. Read More »