Liner Shipping

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 »

Shipco enhances LCL service offering from Australia to the US

AJOT | March 01, 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 »

APL’s 2010 on-time record in Trans-Pacific ’ 95%

AJOT | March 01, 2011 | Liner Shipping

Container shipping leader APL's on-time performance in the all-important Trans-Pacific Trade was 95% last year. In its final report on 2010 vessel reliability, the Singapore-based carrier said today that APL ships missed their arrival window just 12 tim Read More »

Container rates may begin to rally in April on box shortages

AJOT | March 01, 2011 | Liner Shipping

The cost to ship goods on container ships could begin to spike as early as April due to an expected shortage of boxes and limited inland transportation capacity, a senior industry executive said.

Soaring oil prices above $110 a barrel have forced vess Read More »

Sea Star Line’s Colman elected to American Bureau of Shipping

AJOT | March 01, 2011 | Liner Shipping

Jim Colman, Assistant Vice President of vessel operations for Jacksonville, Fla.-based Sea Star Line, LLC, has been elected to a five-year term of membership to the American Bureau of Shipping (ABS).

Founded in 1862, ABS serves the marine, offshore an Read More »

Maersk Line introduces new Trans-Pacific coverage to answer customer need

AJOT | March 01, 2011 | Liner Shipping

Maersk Line announced deployment of an enhanced Trans-Pacific service network at the end of May 2011. The design of the network is geared to deliver comprehensive coverage of key markets in Asia and North America and continue to improve upon our industry Read More »

Rate increase for service between US and Australia/ NZ

AJOT | March 01, 2011 | Liner Shipping

Carriers providing service from the United States to Australia and New Zealand wish to advise their customers that they have adopted a guideline calling for a General Rate Increase of $100.00 US per 20ft container and $200.00 US per 40ft container to appl Read More »

CMA CGM strengthens its services from Asia to the West Coast of the US

AJOT | March 01, 2011 | Liner Shipping

CMA CGM Group announced the upgrading of its services between Asia and California, to meet the growing demand on the transpacific trade expected in 2011 and in the years to come.

As of May 2011, the consolidation of its partnerships will enable CMA CG Read More »

Chiquita expands investment in Carrier’s PrimeLINE’ refrigeration unit

AJOT | March 01, 2011 | Liner Shipping

Chiquita Brands increased its investment in Carrier Transicold PrimeLINE' container refrigeration units nearly fivefold in 2010, based on the solid performance track record and energy-savings of the PrimeLINE units, demonstrated through research. Carrier Read More »

Horizon Lines may breach financial covenant

AJOT | February 27, 2011 | Liner Shipping

Cargo shipper Horizon Lines LLC said it may breach its financial covenants as it expects weak first-quarter results due to the seasonality of its new trans-Pacific service between the U.S. West Coast and China.

The North Carolina-based company suspend Read More »

NOL endows scholarship to honor Lua Cheng Eng

AJOT | February 27, 2011 | Liner Shipping

NOL Group announced a $400,000 gift to Singapore Management University (SMU) to endow a scholarship commemorating the late Lua Cheng Eng.

Lua, who passed away last November at the age of 72, was CEO of the container shipping and logistics company for Read More »

CMA CGM reports excellent performance for 2010

AJOT | February 27, 2011 | Liner Shipping

The Board of Directors of France-based CMA CGM, the world's third largest container shipping group, met under the chairmanship of Jacques R. Saad' to review the financial statements for the year ended 31 December 2010. Read More »

Horizon Lines announces management changes

AJOT | February 27, 2011 | Liner Shipping

Horizon Lines, Inc. announced that the company's Board of Directors has named Alex J. Mandl to the position of Chairman and appointed Stephen H. Fraser as interim President and Chief Executive Officer (CEO), succeeding Chairman, President and Chief Execut Read More »