AJOT Digital Edition | Issue #577

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Northeast Ports

Export-Import Bank

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2014 Media Kit

Liner Shipping

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Maersk’s P3 alliance wins U.S. regulatory approval

Reuters | March 21, 2014 | Liner Shipping

Maersk Line and two shipper partners have won approval for their P3 alliance from the U.S. Federal Maritime Commission (FMC), taking them a step closer to further approvals for the grouping widely opposed by Asian shippers. Read More »

TSA moves up scheduled May 1 rate increase to April 15

AJOT | March 20, 2014 | Liner Shipping

Member container shipping lines in the Transpacific Stabilization Agreement (TSA) have agreed to bring forward a previously announced May 1, 2014 general rate increase (GRI) to April 15, in an effort to mitigate rate erosion seen in February and early March. The increase, set at US$300 per 40-foot container (FEU) for all commodities and origin/destination pairs, follows similar recommended increases implemented on January 15 and March 15. Read More »

Fednav brings new icebreaker to the Canadian Arctic

PR Newswire | March 20, 2014 | Liner Shipping

Fednav brings new icebreaker to the Canadian Arctic

Fednav announces the arrival in Canada of its latest, highly specialized icebreaker, the MV Nunavik. Built at JMU’s Tsu Shipyard in Japan, the ship will be used to export the concentrates produced at the Canadian Royalties owned Nunavik Nickel mine at Deception Bay in northern Quebec. The vessel will also supply the mine with equipment and fuel, year round. Read More »

COSCO International Announces 2013 Annual Results

PR Newswire | March 20, 2014 | Liner Shipping

Gross profit grew by 1% to HK$694 million as a result of the revenue increase of some businesses with higher gross profit margins. However, as there were some one-off gains generated in 2012 annual results, together with YOY declines in finance income and the share of profits of joint ventures in 2013, profit attributable to equity holders of the Company dropped by 33% YOY to HK$242 million. Read More »

Crewtoo Social Media Site Launches Online Maritime Jobs Board

GlobeNewswire | March 18, 2014 | Liner Shipping

Crewtoo, the world’s largest online network dedicated to seafarers, has launched an online maritime jobs board as a direct response to requests from its members, who have continuously pinpointed recruitment as one of their main priorities. Crewtoo, which has more than 100,000 members and was founded by KVH Media Group, part of KVH Industries, Inc., premiered the service yesterday in Stamford, Connecticut, at Shipping 2014, the annual shipping conference and exhibition of the Connecticut Maritime Association. Read More »

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