Liner Shipping

The CMA CGM Group to improve its West African offer by launching its WAZZAN service

AJOT | June 01, 2015 | Liner Shipping

The CMA CGM Group announced the launching of a new service. The WAZZAN service will join Morocoo to North West Africa, and improve its Intra African coverage. Read More »

Saudi regulator approves shipper Bahri’s sukuk issue

Reuters | June 01, 2015 | Liner Shipping

Saudi Arabia’s Capital Market Authority has granted approval to National Shipping Company of Saudi Arabia (Bahri) to issue a sukuk, the market regulator said in a bourse filing on Monday. Read More »

Crowley selected to manage 4 Jones Act ships for the Pasha Group

AJOT | June 01, 2015 | Liner Shipping

Crowley Maritime Corp.’s global ship management group has been awarded a new contract with Sunrise Operations LLC, a subsidiary of The Pasha Group, of San Rafael, Calif., for the operation, crewing and maintenance of four Jones Act ships operating between the U.S. West Coast and Hawaii. Read More »

Matson completes Alaska acquisition for $469 Million

AJOT | June 01, 2015 | Liner Shipping

Separately and immediately preceding the completion of the Transaction, Horizon completed the sale of its Hawaii trade lane assets and liabilities to The Pasha Group for $141.5 million. Read More »

Asia - North Europe freight rates at lowest since 2009

Reuters | May 29, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 23 percent to $342 per 20-foot container (TEU) in the week ending on Friday, traders with access to Shanghai Containerized Freight Index data told Reuters. Read More »

Raytheon Anschutz expands U.S. operations

PR Newswire | May 29, 2015 | Liner Shipping

Raytheon Company (NYSE: RTN) announces the launch of its new subsidiary, Raytheon Anschuetz USA LLC, located in San Diego, Calif. Read More »

Egypt’s GASC buys 240,000 tonnes Russian, Romanian wheat

Reuters | May 28, 2015 | Liner Shipping

Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had bought 240,000 tonnes of Russian and Romanian wheat in a tender for July 1-10 shipment. Read More »

Maritime disputes test China’s peaceful rise

Reuters | May 28, 2015 | Liner Shipping

SOUTHCHINASEA-MARITIME/DIPLOMACY-KEMP (COLUMN)=2:COLUMN-Maritime disputes test China's peaceful rise: Kemp Read More »

Bahri signed an agreement to build 5 crude carriers with Hyundai Samho Heavy Industries Co. Ltd.

AJOT | May 28, 2015 | Energy | Maritime | Liner Shipping

The National Shipping Company of Saudi Arabia (Bahri) signed with Hyundai Samho Heavy Industries (HSHI) today, May 21, 2015, an agreement to build 5 VLCCs plus 5 more optional VLCCs. Read More »

Construction Begins on Crowley’s Second Commitment Class, LNG-Powered ConRo Ship for Use in the Puer

AJOT | May 28, 2015 | Liner Shipping

Another landmark moment has taken place in Crowley Maritime Corp.’s history today as VT Halter Marine, Inc. officially began construction on Taíno, the second of two liquefied natural gas (LNG)-powered, combination container - Roll-On/Roll-Off (ConRo) ships for the company’s liner services group. Read More »

Two new shipping lines coming to Packer Avenue Marine Terminal

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

Holt Logistics Corp. has announced it has secured two separate but related business agreements that will bring two additional weekly shipments from South and Central America to the Packer Avenue Marine Terminal in South Philadelphia.  Read More »

CMA CGM to launch complete container shipping offering between North America and North Europe

AJOT | May 26, 2015 | Liner Shipping

The CMA CGM Group, one of the world’s leading container shipping companies, has announced that it will launch the market’s most complete container shipping offering between North America and North Europe at the end of May 2015. Read More »

Shipping freight rates drop as operators wrestle with overcapacity

Reuters | May 26, 2015 | Liner Shipping

Shipping freight rates on the world’s busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility in the market as vessel operators continue to wrestle with overcapacity. Read More »

MOL Liner announces April 2015 KPI results for Americas region

AJOT | May 26, 2015 | Liner Shipping

MOL Liner Ltd. announces the April 2015 results of Regional Key Performance Indicators (KPI) in the Americas in the following categories: operations, customer service, and electronic data interchange (EDI). Read More »

Pacific Maritime Association statement on final contract approvals

AJOT | May 26, 2015 | Liner Shipping

PMA President and CEO Jim McKenna issued the following statement about the International Longshore and Warehouse Union’s approval of the new five-year contact. Read More »

GB Group reaches agreement with Evergreen and King Ocean for cargo transportation to Port Lafito

AJOT | May 26, 2015 | Liner Shipping

GB Group, a diversified group of industrial and trading companies, today announced that Evergreen Marine and King Ocean Services will be adding Port Lafito, a world-class modern container port in Haiti, as a port of call. Read More »

Activists damage habitat in Seattle bay during Shell oil protests

Reuters | May 22, 2015 | Energy | Maritime | Liner Shipping

Environmental activists who fanned out in small boats across a Seattle bay over the weekend in a protest over Royal Dutch Shell ‘s plans for Arctic oil exploration in the have damaged “precious habitat” on the sea floor, a state official said on Friday. Read More »

Asia - North Europe container freight rates in biggest weekly percent drop

Reuters | May 22, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe plunged 32.5 percent to $444 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

Crowley Honored with Second Consecutive “Elite Vessel Award” by Marathon Petroleum

AJOT | May 21, 2015 | Liner Shipping

Crowley Maritime Corporation’s petroleum services division has once again been honored by Marathon Petroleum Company (MPC) with its annual Elite Vessel Award, which is given to tank vessel operators who demonstrate a commitment to safety, environmental stewardship and operational excellence. Read More »

Heniff Transportation Systems, LLC acquires Horizon Tank Lines

PR Newswire | May 21, 2015 | Liner Shipping

Heniff Transportation Systems, LLC. Headquartered in Oakbrook, IL has announced that it has acquired Horizon Tank Lines, a leading Southeastern bulk chemical hauler. Horizon Tank Lines is headquartered in Durham, NC with terminals located in Wilmington, NC and Hamlet, NC. Read More »