Liner Shipping

Stronger panamaxes drive up Baltic sea freight index

Reuters | March 05, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, made minor gains on Thursday on higher rates for the panamax and smaller vessel segments. Read More »

Egypt sees Suez Canal zone making up 30-35% of economy

Reuters | March 05, 2015 | Liner Shipping | Ports & Terminals | Canal and Waterway

Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt’s economy, the country’s investment minister said on Thursday. Read More »

MOL Liner Announces January 2015 KPI Results for Americas Region

AJOT | March 05, 2015 | Liner Shipping

MOL Liner Ltd. announces the January 2015 results of Regional Key Performance Indicators (KPI) in the Americas Read More »

Evergreen named recipient Of LOG-NET’s E-Commerce Excellence Award for 2015

AJOT | March 05, 2015 | Liner Shipping

Evergreen Line was named the recipient of the 2015 LOG-NET E-Commerce Excellence Award presented Tuesday, March 3, in Long Beach, CA, at the Trans Pacific Maritime conference. Read More »

Port Hedland iron ore exports to China up in February

Reuters | March 04, 2015 | Breakbulk & Projects | Breakbulk | Liner Shipping

Exports of iron ore to China through Australia’s Port Hedland terminal rose 0.3 percent in February from January, official figures show, though the month had fewer shipping days. Read More »

Conrad Orange Shipyard Receives Order for First Dedicated LNG Bunker Barge for Marine Market

PR Newswire | March 04, 2015 | Energy | Maritime | Liner Shipping

Conrad Industries, Inc. announced today that its subsidiary Conrad Orange Shipyard, Inc. has entered into a contract to construct the first LNG bunker barge to be built for the marine market in North America. The contract signing was hosted at the residence of the French Consulate General Sujiro Seam in Houston, TX. Read More »

Sri Lanka threatens Chinese firm with legal action to stop project

Reuters | March 04, 2015 | Breakbulk & Projects | Projects | Liner Shipping

Sri Lanka will take legal action against a Chinese firm for not halting work on a $1.5 billion luxury real estate project until a probe is completed, a government minister said on Wednesday. Read More »

Access to Brazil’s Itajai port to open as truck protest ends

Reuters | March 04, 2015 | Liner Shipping | Ports & Terminals | Ports | Dry Bulk Port

Protesters have agreed to open access to Brazil’s main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering flashpoint after a two-week truck drivers’ protest. Read More »

MSC Oscar Arrival of the world’s largest container ship in Rotterdam

AJOT | March 04, 2015 | Liner Shipping

On Tuesday afternoon, 3 March, the MSC Oscar will arrive at the APM1 terminal in Rotterdam. With a capacity of 19,224 TEU (20-foot containers), the 396 meters long and 59 meters wide ship is the largest container ship in the world. Read More »

Should carriers speed up again?

AJOT | March 04, 2015 | Liner Shipping

Over the last seven months oil prices have fallen more than most people had thought possible a year ago. As bunker prices are closely correlated with oil prices, a similarly large drop has been seen here. Read More »

Evergreen Line enhances Southeast Asia service

AJOT | March 04, 2015 | Liner Shipping

In light of the strong growth potential of the Intra-Asia trades, Evergreen Line is implementing service enhancements for its services to/from the Southeast Asian markets. The carrier will launch its new Taiwan-Shekou-Malacca Strait Service (TSS) later in March and will also introduce a dedicated Taiwan - Hong Kong Service (THK). Read More »

Saudi shipper Bahri plans 3.9 billion riyal, 10-year sukuk issue

Reuters | March 04, 2015 | Liner Shipping

National Shipping Company of Saudi Arabia (Bahri) plans to sell ten-year sukuk worth 3.9 billion riyals ($1.04 billion) by the end of March to repay debt and for general business purposes, a company executive said on Wednesday. Read More »

China says detained ship involved in “normal trade cooperation”

Reuters | March 04, 2015 | Liner Shipping

China’s foreign ministry said on Wednesday that a ship detained in Colombia for illegally transporting arms and operated by China’s largest shipping group was involved in “normal trade cooperation”. Read More »

Shipping industry faces shake up as private equity unwinds bets

Reuters | March 03, 2015 | Liner Shipping

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Read More »

Maersk: Mediterranean to United States General Rate Increase

AJOT | March 03, 2015 | Liner Shipping

Maersk Lines announced a General Rate Increase for Mediterranean to United States with an effective date of April 1, 2015. Read More »

Vessels for the Future - new research association to spur maritime transport’s competitiveness

AJOT | March 03, 2015 | Liner Shipping

Launched in November 2014, over 50 companies, research institutes, academic organizations and interested associations have already signed up to take part in the initiative to work towards a more sustainable European transport system. Read More »

MOL expands large-scale containership fleet

AJOT | March 02, 2015 | Liner Shipping

Building and chartering six 20,000 TEU containerships for more competitive services Read More »

Hapag Lloyd revises Export Reefer Connection Tariff to Italy

AJOT | March 01, 2015 | Liner Shipping

Hapag-Lloyd will revise the export reefer connection charge effective April 1, 2015. Read More »

Asia-Europe container freight rates fell 6.5%

Reuters | February 27, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.5% to $938 per TEU in the week ended Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

JAXPORT welcomes all-new 2015 Jeep Renegade

AJOT | February 26, 2015 | Liner Shipping | Ports & Terminals

FCA US LLC has selected JAXPORT to import its all-new 2015 Jeep® Renegade, the first Jeep ever to be built exclusively outside of the United States. AMPORTS will handle vehicle processing at JAXPORT’s Blount Island Marine Terminal and the SUVs will be shipped via Grimaldi Lines. Read More »