Liner Shipping

Post-quake situation concerning MOL-operated vessels

AJOT | March 14, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. reported that we are still gathering data concerning MOL-operated vessels that may have been affected by the Tohoku district - off the Pacific Ocean earthquake, but neither the quake itself nor the resultant tsunami caused any si Read More »

Support for victims of the Tohoku district - off the Pacific Ocean earthquake

AJOT | March 14, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. reported that MOL has begun the following support activities to help victims of the quake and to help restore their homes and cities.

  • MOL has decided to donate 50 million to help support and rescue victims of the quake Read More »

Diana Containerships announces direct continuation of time charter agreement with A.P. Moller-Maersk

AJOT | March 14, 2011 | Liner Shipping

Diana Containerships, Inc. a global shipping company specializing in the transportation of containers, announced that it has entered into a time charter contract with A.P. Moller-Maersk A/S for one of its container vessels, the m/v Sagitta, for a period o Read More »

Maersk suspends service to 3 Japan ports

AJOT | March 14, 2011 | Liner Shipping

Maersk Line, has suspended service to three tsunami-hit Japanese ports, it said.

Maersk Line, a unit of Danish shipping and oil group A.P. Moller-Maersk, said in a weekly news bulletin that it suspended service to Sendai, Onahama and Hachinohe. Read More »

CMA CGM takes action for Japan

AJOT | March 14, 2011 | Liner Shipping

Following the earthquake and tsunami that have severely hit Japan, CMA CGM takes action to support its teams on site and help in the delivery of emergency assistance.

CMA CGM Group has set up an Emergency and Communication Response Team that is closel Read More »

Maersk, Dubai to invest in Qingdao Port expansion

AJOT | March 13, 2011 | Liner Shipping

A.P. Moeller-Maersk and other foreign investors will invest in Qingdao Port Group's $4.6 billion expansion scheme in the next five years, a senior Chinese executive said.

Qingdao Port is joining Shanghai International Port (Group) Co (SIPG) and other Read More »

Evergreen Line will launch Intra-Asia new HBI route

AJOT | March 13, 2011 | Liner Shipping

Continuously optimistic about the Intra-Asia market development, Evergreen Line will launch a new ocean route from Northern China to Jakarta, which is called the HBI service, to provide prompt and convenient service between the regions. Read More »

Maersk Line zero SOx program prompts new fuel switch solution

AJOT | March 13, 2011 | Liner Shipping

As part of Maersk Line's drive to cut sulphur emissions from its fleet towards zero, the shipping line continues to expand on its fuel-switch implementations. Today the program is implemented in New Zealand.

Switching from bunker to low-sulphur fuel i Read More »

NSCSA signs new shipbuilding contracts for general cargo vessels

AJOT | March 13, 2011 | Liner Shipping

The National Shipping Company of Saudi Arabia (NSCSA) signed 4 shipbuilding contracts + 2 additional optional contracts, the 06th March, 2011 with Hyundai MIPO of South Korea. The contracts' value including the 2 optional contracts amounts to 1,543 Millio Read More »

NOL carries 5% more cargo in 6 weeks to Feb 11

AJOT | March 13, 2011 | Liner Shipping

Neptune Orient Lines (NOL) said its container shipping volumes for the six weeks to Feb 11 rose five percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

NOL carried 321,600 forty-foot equivalent units (FEUs) dur Read More »

American Feeder Lines service to resurrect feeder ship services in the Northeast and beyond

AJOT | March 13, 2011 | Liner Shipping

Earlier this month, New York City-based American Feeder Lines announced that the company would launch a feeder ship service linking Boston, Portland, Maine and Halifax in the 2nd quarter of this year. The service is not a new idea. Services have come a Read More »

Crowley announces new service between the Dominican Republic, Puerto Rico & St. Thomas, USVI

AJOT | March 13, 2011 | Liner Shipping

Crowley Maritime Corporation's liner services group will launch a new Ro/Ro (Roll-on/Roll-off) liner cargo service March 17 between Santo Domingo, Dominican Republic; San Juan, Puerto Rico; and St. Thomas, USVI.

The fixed weekly schedule will not on Read More »

Hamburg S’d announces North America East Coast to Europe general rate increase

AJOT | March 13, 2011 | Liner Shipping

Hamburg S'd announced a General Rate Increase (GRI) to be applied on all cargo moving from the East Coast of the U.S.and Canada to Europe, effective April 15, 2011. Read More »

CMA CGM Group launches its eco-calculator

AJOT | March 13, 2011 | Liner Shipping

Measuring the environmental impact of their supply chain has become an increasingly important issue for many companies. To meet this demand, the CMA CGM Group will be making available to customers a new service starting in April 2011: the eco-calculator. Read More »

Horizon Lines successfully amends credit agreement

AJOT | March 13, 2011 | Liner Shipping

Horizon Lines, Inc. announced that it has entered into a credit agreement amendment with its lender group, effective March 9, 2011, providing the company with additional flexibility as it moves forward with its overall debt refinancing efforts.

The am Read More »

MOL Chairman Ashida delivers keynote speech at Japan Securities Summit in New York

AJOT | March 13, 2011 | Liner Shipping

Mitsui O.S.K. Lines announced that its Chairman Akimitsu Ashida delivered the keynote speech at the Japan Securities Summit in New York on March 1st, co-sponsored by the Japan Securities Dealers Association (JSDA) and the Securities Financial Markets Asso Read More »

Changes in NYK NA executives

AJOT | March 03, 2011 | Liner Shipping

Effective April 1, 2011, the appointment of William F. (Bill) Payne as President of NYK Line (North America) Inc. will be made. Bill joined NYK NA in 1989. For the past two years he served as Executive Vice President & Chief Operating Officer. Prior to Read More »

TUI AG board approves possible Hapag-Lloyd IPO

AJOT | March 03, 2011 | Liner Shipping

TUI AG's supervisory board gave the go-ahead for a possible initial public offering (IPO) of container shipping group Hapag-Lloyd, as TUI aims to sharpen its focus on tourism.

A partial IPO could reportedly involve the sale of shares worth about 1 bil Read More »

Horizon Lines nears covenant relief

AJOT | March 03, 2011 | Liner Shipping

Cargo shipping and logistics company Horizon Lines LLC said it is in the final stages of obtaining covenant relief from its lenders and expects to complete the refinancing in the second or third quarter.

Horizon Lines said it pleaded guilty to violati Read More »

Shipco enhances LCL service offering from Australia to the US

AJOT | March 03, 2011 | Liner Shipping

Shipco Transport, one of the world's leading neutral consolidators, has launched a fortnightly direct less-than-container-load service between Adelaide, Australia and Los Angeles, California. The new offering provides a competitive and economical option f Read More »