Liner Shipping

GE Maritime Milestones: How GE Made Its Mark On Modern Marine History

AJOT | April 30, 2015 | Liner Shipping

From steering to speed, navigation and power supply, the marine industry has seen great progress since the start of the twentieth century. Read More »

Maersk insists on release of ship and crew seized by Iran

Reuters | April 30, 2015 | Liner Shipping

Denmark’s Maersk shipping said on Thursday it insisted on the release of a vessel and crew seized by Iran, adding it assumed the incident was related to a 2005 court case over uncollected cargo. Read More »

COSCO Corp uncertain on offshore market recovery as Q1 profit falls

Reuters | April 30, 2015 | Liner Shipping

Shipbuilder COSCO Corporation Singapore Ltd on Thursday posted a 94 percent slide in first-quarter profit, and said weak oil prices makes a recovery in the offshore marine market uncertain. Read More »

Asia - North Europe container freight rates drop 1.7% to new low

Reuters | April 30, 2015 | Liner Shipping

Freight rates for the shipping of containers from Asia to Northern Europe fell by 1.7 percent to a record low $343 per 20-foot container (TEU) in the week ended Thursday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

Big data helps shipping lines cut fuel bills and emissions

Reuters | April 29, 2015 | Liner Shipping

By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Read More »

Iran says respects navigation freedom, day after ship is seized in Gulf

Reuters | April 29, 2015 | Liner Shipping

Iran’s foreign minister told a New York City audience on Wednesday that Tehran respects freedom of navigation in the Gulf, a day after Iranian patrol boats seized a Danish container ship in one of the world’s busiest oil shipping lanes. Read More »

Baltic sea freight index down on weak vessel rates

Reuters | April 29, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday on lower vessel rates. Read More »

White House concerned about impact of Iran vessel seizure

Reuters | April 29, 2015 | Liner Shipping

The White House said on Wednesday it was concerned about the impact on navigation caused by Iranian authorities’ seizure of the Maersk Tigris container ship in the Strait of Hormuz and said it was monitoring the situation. Read More »

U.S., Marshall Islands discuss way ahead after Iran detains ship

Reuters | April 29, 2015 | Liner Shipping

Officials from the United States and the Marshall Islands are discussing “the way ahead” after Iranian patrol boats forcibly diverted a cargo ship flying a Marshall Islands flag into an anchorage in Iranian waters, the Pentagon said on Wednesday. Read More »

Maersk says Iran tells it of cargo dispute but cannot confirm it

Reuters | April 29, 2015 | Liner Shipping

Maersk said on Wednesday Iranian authorities had told it the Maersk Tigris vessel had been seized over an unresolved claim, but as it had not received any documents it could not confirm this had been the reason for Iran’s actions. Read More »

The CMA CGM Group obtains the Kingston Containers Terminal concession

AJOT | April 29, 2015 | Liner Shipping

With CMA CGM, Kingston becomes one of the major transshipment hub port in the Caribbean Read More »

Ternvag Most Sustainable Vessel in Rotterdam in 2014

AJOT | April 29, 2015 | Liner Shipping

The Ternvag, a oil/product tanker owned by the Danish company Terntank, was the most sustainable vessel to dock in Rotterdam in 2014, according to the Environmental Ship Index (ESI). Last year 1413 ships with a high entry in the Environmental Ship Index arrived in Rotterdam. In total, the Port Authority paid out €1.2 million on these sustainable vessels. Read More »

Maersk says crew of container vessel seized by Iran are safe

Reuters | April 29, 2015 | Liner Shipping

Danish shipping company Maersk said on Wednesday the crew of the Maersk Tigris container ship were safe and “in good spirits” after Iranian authorities seized the vessel in the Strait of Hormuz the previous day. Read More »

Iranian Revolutionary Guards seize cargo ship in Gulf

Reuters | April 28, 2015 | Liner Shipping

Iranian patrol boats intercepted a cargo ship in the Strait of Hormuz on Tuesday and forced it into Iranian territorial waters by firing shots across its bow, prompting the U.S. Navy to send a destroyer and reconnaissance plane to monitor the situation. Read More »

Maersk Tigris Statement on Behalf of Rickmers Shipmanagement

PR Newswire | April 28, 2015 | Liner Shipping

Rickmers Shipmanagement would like to report that today at approximately 1255 hours local time its managed container vessel Maersk Tigris was approached in the Persian Gulf by Iranian Navy and forced for inspection at a rendezvous position in Iranian waters. Read More »

Iranian Revolutionary Guards seize cargo ship in Gulf

Reuters | April 28, 2015 | Liner Shipping | Ports & Terminals

Iranian Revolutionary Guards forces boarded a Marshall Islands-flagged cargo ship in the Gulf on Tuesday after patrol boats fired warning shots across its bow and ordered it deeper into Iranian waters, U.S. officials said. Read More »

Seized ship being escorted to Iran’s Bandar Abbas

Reuters | April 28, 2015 | Liner Shipping

A cargo ship seized by Iran’s Revolutionary Guards forces is being escorted to the Iranian port of Bandar Abbas after it was approached in international waters, the shipping line which is hiring the vessel said on Tuesday. Read More »

Maersk Tigris ship management says concerned for 24 crew after Iran fires shots

Reuters | April 28, 2015 | Liner Shipping

Rickmers Shipmanagement, the Singapore-based company that has chartered the Maersk Tigris, said Iranian officials fired warning shots at the container ship and boarded it on Tuesday. Read More »

Iran interception of cargo vessel appears ‘provocative’

Reuters | April 28, 2015 | Liner Shipping

The Pentagon on Tuesday said Iran’s interception of a Marshall Islands-flagged cargo vessel appeared to be a “provocative” act, but U.S. officials did not have all the facts surrounding the incident. Read More »

Ship incident in Gulf does not have political dimension - Iranian agency

Reuters | April 28, 2015 | Liner Shipping

An incident involving a cargo vessel in the Gulf on Tuesday has no military or political dimension, Iran’s semi-official Tasnim news agency reported an unidentified source as saying. Read More »