Liner Shipping

Maersk lifts outlook as profit beats forecast

AJOT | November 11, 2010 | Liner Shipping

Shipping and oil group A.P. Moller-Maersk hiked its 2010 profit forecast to around $5 billion as it posted forecast-beating profits for nine months, driven by cost cuts and higher freight rates and oil prices.

The upgrade from the previous guidance fo Read More »

Goldenport eyes container ship acquisitions

AJOT | November 11, 2010 | Liner Shipping

Greek shipping group Goldenport Holdings will look at container ship acquisitions in the coming months, helped by an improving market and a war chest of over $150 million, its commercial director said.

Global turmoil in 2008 battered the container mar Read More »

China COSCO sees shipping recovery by 2015

AJOT | November 09, 2010 | Liner Shipping

The global shipping market will recover in three to five years, led by the container industry, which has already started to return to profit, a top executive said.

The shipping industry was seen returning to pre-crisis levels with the help of Read More »

Hamburg S’d christens the Cap Jervis in Callao

AJOT | November 09, 2010 | Liner Shipping

As part of a customer event, Hamburg S'd christened the 'Cap Jervis' in Callao (Peru). She is the first container vessel ever to have been christened in Callao and has a slot capacity of 4,600 TEU. Sponsor of the 'Cap Jervis' was Adelgunde Christmann, wif Read More »

New eco-containers trial for CMA CGM Group

AJOT | November 07, 2010 | Liner Shipping

CMA CGM was the first to launch in 2005 the Bamboo-floored eco-containers. The Group is currently running a test for new eco-containers manufactured with non-wood composite flooring, the Eko-Flor.

In line with its strong commitment to environmental pr Read More »

New North Europe-Mexico container service begins in Charleston

AJOT | November 07, 2010 | Liner Shipping

A new joint shipping service with coverage across North Europe and Mexico made its first U.S. stop in Charleston with the call of the Box Voyager. Read More »

Maersk Line named as ‘2010 Ocean Carrier of the Year’ by Home Depot

AJOT | November 07, 2010 | Liner Shipping

On September 22, Maersk Line was awarded the 'Ocean Carrier of the Year' by award was presented at the Executive Carrier Council meeting held in Atlanta, GA. Alan MacPherson, senior sales director, and Lauris Eglitis, key client manager for Maersk Line N Read More »

Hamburg S’d adopts IAS EquipmentRepair globally to manage container fleet M&R

AJOT | November 07, 2010 | Liner Shipping

Ocean carrier Hamburg S'd has announced it is adopting the EquipmentRepair system from International Asset Systems (IAS) to manage its global container M&R program. The German-headquartered carrier, a market leader on the north-south container trades and Read More »

MOL cooperates on ocean transport of medical and health Supplies to Thailand and Cambodia

AJOT | November 07, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced its cooperation with the non-profit organization (NPO) PH-Japan (PHJ*1) for ocean transport of medical and health supplies, including masks to prevent infection, to communities in Thailand and Cambodia. Read More »

CMA CGM adds a new call at Rotterdam on its FAL5 service

AJOT | October 31, 2010 | Liner Shipping

With the arrival of 13,800 teu-vessels in its fleet and in order to provide its customers with optimum services and unique port coverage, CMA CGM announced the strengthening of its FAL5 (French Asia Line) service. Read More »

New APL ocean route connects China and Southeast Asia

AJOT | October 31, 2010 | Liner Shipping

APL, the world's fifth-largest container shipping line, announced a new service linking China, Indonesia, Malaysia, Singapore and Thailand. Called the China Indonesia Straits Service, the weekly routing will densify APL's Intra-Asia network. Read More »

Maersk Line’s CO2 data verified

AJOT | October 31, 2010 | Liner Shipping

Maersk Line is the first shipping line to receive independent verification of its CO2 emissions data, vessel by vessel.

Maersk Line will now add the CO2 data - verified by Lloyd's Register - as one of eight performance measures in score cards that are Read More »

Angoco promoted to Senior VP of Matson Navigation Co.

AJOT | October 31, 2010 | Liner Shipping

Vic Angoco has been promoted to senior vice president of Matson Navigation Company. The appointment was approved today by the company's Board of Directors and announced by Matson President Matt Cox. Read More »

France sovereign fund mulls shipping firm investment

AJOT | October 27, 2010 | Liner Shipping

France's sovereign wealth fund is considering an investment in indebted French shipping company CMA CGM alongside Turkish conglomerate Yildirim, a spokesman for the fund said.

Marseille-based container shipping line CMA CGM, which began talks Read More »

China COSCO swings to black Q3 on shipping rebound

AJOT | October 27, 2010 | Liner Shipping

China COSCO Holdings, Asia's largest shipping firm, reversed year ago losses to post a quarterly profit, as global trade regained momentum and the firm lifted container shipping rates.

Container shipping has entered its low season in the four Read More »

Maersk Line awarded Navy contract for energy conservation project

AJOT | October 27, 2010 | Liner Shipping

Maersk Line, Limited (MLL) has been awarded a contract by the U.S. Naval Surface Warfare Center, Carderock Division (NSWCCD), to assess and apply Advanced Waste Heat Recovery (AWHR) technology to Military Sealift Command (MSC) ships. The contract involves Read More »

Maersk sees Africa trade outpacing mature markets

AJOT | October 27, 2010 | Liner Shipping

The world's biggest container shipping company, Maersk Line, expects volume on African routes to grow faster than shipping in mature markets, though underperform other emerging markets such as Brazil and China. Read More »

NSCSA cuts transit time between Baltimore and Jeddah in half

AJOT | October 26, 2010 | Liner Shipping

Beginning with the Saudi Abha v.151, NSCSA is adding a second port call at Baltimore, MD, reducing delivery time from Baltimore to all Middle East and Indian Subcontinent destinations by fifteen days. Read More »

Horizon Lines to take delivery of 12,500 new containers

AJOT | October 26, 2010 | Liner Shipping

Horizon Lines, Inc, the nation's leading domestic ocean shipping and integrated logistics company, announced it will add approximately 12,500 new containers to its international and domestic shipping network to support existing customers and the carrier's Read More »

APL joins clean air program in New York Harbor

AJOT | October 26, 2010 | Liner Shipping

Shipping leader APL volunteered to burn cleaner fuel in every vessel calling at the ports of New York and New Jersey.

The agreement is part of a Port Authority program designed to curb emissions in New York Harbor. Under the plan, APL vesse Read More »