Liner Shipping

‘K’ Line and Mitsui-OSK Line announce enhanced Asian service for Halifax

AJOT | April 18, 2010 | Liner Shipping

'K' Line, Hanjin Shipping, Yang Ming Line and COSCO Container Line, members of the CKYH Alliance, in cooperation with Mitsui O.S.K. Lines (MOL) will launch a Pearl River ' Southeast Asia ' Suez Canal express service in mid May with the Port of Halifax as Read More »

UASC Secures Multi-Currency Ship Financing of US$2

AJOT | April 18, 2010 | Liner Shipping

United Arab Shipping Company (UASC) has concluded a multi-currency US$275 million term loan facility on a 'club deal' basis. The funds have been secured to finance UASC's acquisition of three A13 type container vessel new buildings, each with a capacity o Read More »

PIL and Wan Hai resume Far East’Northern Europe service

AJOT | April 18, 2010 | Liner Shipping

The two container shipping companies PIL Pacific International Lines (Singapore) and Wan Hai Lines (Taiwan) have resumed operation of their FES scheduled container liner service from the Far East to northern Europe. Read More »

Maersk: 2010 freight rates at break-even at best

AJOT | April 18, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipping company, sees 2010 freight rates reaching break-even at best on the back of a slow recovery in demand, its chief operating officer said.

In presentation material for the 12th Global Liner Sh Read More »

MOL Announces Changes to Africa Trade Network

AJOT | April 18, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL, President: Akimitsu Ashida) announced changes in its services related to the Africa trade.
Aiming for more stable service and schedule integrity, Mozambique Zuid Africa Service (MZX) will cover Durban, which is currently c Read More »

Evergreen Marine to bolster box ship fleet

AJOT | April 18, 2010 | Liner Shipping

According to press reports, Taiwan's Evergreen Marine, the world's fourth largest shipping firm, said it plans to spend more than US$5 billion on newbuildings.
The company is planning on adding 100 container vessels to the group fleet of around 150 Read More »

MOL completes concept for series of new generation vessels

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the completion of the concept for its third in a series of next-generation vessels, which will be technically practical in the near future. The latest concept is for an environment-friendly, large-scale iron ore carrier Read More »

Diana Shipping announces completion of investment in new containership project

AJOT | April 11, 2010 | Liner Shipping

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has completed its investment of US$50 million in the previously announced new project involving a company formed for the purpose of in Read More »

MOL technology research center starts operation

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the completion of its new technology research center in the Kurigi District(*1) of Kawasaki Micom City. Read More »

MOL announces launch of new Asia-USEC Service

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced a new all-water service to expedite cargo moving from major Asian ports to key destinations on the U.S. East Coast, via the Suez Canal. 
From May 15, the 'SVE' (South China/Vietnam ' the US East Coast) service wil Read More »

Evergreen realigns its sailings in the U.S. West Coast, Asia and Mediterranean trades

AJOT | April 11, 2010 | Liner Shipping

Evergreen Line will enhance coverage of the U.S. West Coast-Asia-Mediterranean trade routes by reintroducing a 20-port pendulum service for the region that will range from Tacoma to Valencia, Spain, via the Far East, Middle East and Suez Canal. Read More »

MOL starts safety campaign

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the launch of the semiannual Safety Campaign aboard all of its operated vessels and those of its group companies. Read More »

Mitsui O.S.K. Lines, Ltd. announces revision of FY2009 outlook

AJOT | April 01, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (the Company; President: Akimitsu Ashida) announced a revision of its consolidated business outlook for FY2009, ending March 31, 2010 (April 1, 2009 - March 31, 2010), announced on January 29, 2010, as follows: Read More »

Med trade strengthened with reintroduction of Safmarine ME 3 service

AJOT | April 01, 2010 | Liner Shipping

Safmarine announces the reintroduction of the ME 3 shipping service between the Mediterranean and West Central Asia.

According to Safmarine Liner Director, Jan Scheck, the reintroduction of the service is aligned with Safmarine's plans to str Read More »

Sea Star and the American Shipping Group realign leadership team

AJOT | April 01, 2010 | Liner Shipping

American Shipping Group, Inc. announces the following organizational changes. Frank Peake will join the American Shipping Group (ASG) as Vice President, focusing on strategic planning for all ASG companies operating in the Puerto Rico and Alaskan markets Read More »

Maersk Line adds direct S. Vietnam call with largest vessels to date Direct from Ho Chi Minh City…

AJOT | April 01, 2010 | Liner Shipping

Maersk Line announces it will adjust its Trans-Pacific 6 service (TP6) to add a direct, all water call from South Vietnam to the US West Coast. With the direct TP6 call, Maersk Line becomes the first carrier to introduce the 'Post-Panamax' class (9000 TEU Read More »

Crowley receives prestigious Toyota Logistics Service Award for Excellence

AJOT | April 01, 2010 | Liner Shipping

Toyota Logistics Services recently presented Crowley's Puerto Rico/Caribbean liner services group with its prestigious Award for Excellence in Quality in the marine division for 2009. It was the eighth consecutive year the company has received recognition Read More »

Evergreen, Wan Hai Lines and Simatech Shipping to launch East Africa joint service

AJOT | April 01, 2010 | Liner Shipping

Evergreen Line, Wan Hai Lines Ltd (WHL), and Simatech Shipping have agreed to operate an East Africa Service (EAF) with three ships of 1,200 TEU capacity. Evergreen, WHL, and SSF will each operate one vessel. Read More »

Asia-U.S. container lines reaffirm commitment to 2010 revenue program

AJOT | March 28, 2010 | Liner Shipping

Member carriers in the Transpacific Stabilization Agreement (TSA) concluded CEO-level meetings in Taipei with a positive but cautious assessment of the Asia-U.S. freight market going forward support for the recommended TSA guideline rate increases of US$8 Read More »

Hamburg S’d invests in service enhancements for customers

AJOT | March 28, 2010 | Liner Shipping

The recent call of Hamburg S'd's containership 'Cap Bon' at San Francisco/Oakland is a visible sign of the company's continued commitment to meeting the needs of customers for vessel and schedule integrity and access to a widening array of major markets w Read More »