AJOT Digital Edition
Issue #587

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Project Cargo / Heavy Lift Bi-Annial

South Carolina Ports

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2014 Media Kit

Liner Shipping

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TMT Chairman and CEO Hsin-Chi Su Files US$100 million IP suit over vessel sale

PR Newswire | August 20, 2014 | Liner Shipping

HONG KONG, Aug. 21, 2014 /PRNewswire/ -- Hsin-Chi Su, Chairman and CEO of Today Makes Tomorrow Group ("TMT") launched a suit inTexas federal court on July 28, 2014, alleging that a planned bankruptcy sale of three company ships, including M.V.D Whale, M.V.G Whale and M.V.H Whale, to Mega International Commercial Bank Co. Ltd. (Mega Bank) will strip him of intellectual property worth more than US$100 million for each ship. According to Ken Liang's deposition at the court, Mega Bank is the agent for vulture fund Oaktree Capital Group.

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UTi Worldwide and Ansell name Safmarine “Partner of the Year”

AJOT | August 20, 2014 | Liner Shipping | Transport Intermediaries

UTi Worldwide Inc. (Nasdaq: UTIW), a global supply chain services and solutions company, together with its client, Ansell Limited, named Safmarine their "Partner of the Year" for 2013-2014 during their annual Ocean carrier performance review  meeting in July. Read More »

Asia-US container lines recommend further freight rate increase for September 1

AJOT | August 18, 2014 | Liner Shipping

Member container shipping lines in the Transpacific Stabilization Agreement (TSA) are proposing an across-the board general rate increase (GRI) of at least US$600 per 40-foot container (FEU) to all destinations, effective September 1. Carriers had filed increases in their individual tariffs in late July and subsequently began notifying customers directly. Read More »

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