Liner Shipping

G6 Alliance announces Asia - North America Service Enhancement

AJOT | July 03, 2015 | Liner Shipping

In response to market demand, members of the G6 Alliance today announced a service enhancement in the Asia – North America (East Coast) trade. Read More »

Asia - North Europe container freight rates jump 60%

AJOT | July 03, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

MOL announces new name for group ship management company

AJOT | July 02, 2015 | Liner Shipping

MOL announced that effective July 2, its ship management company for dry bulkers, New Asian Shipping Company, Limited, is renamed to MOL Ship Management Company, Limited. Read More »

Historical visit of the Chinese Prime Minister LI Keqiang at the CMA CGM Group’s headquarters

AJOT | July 02, 2015 | Liner Shipping

The CMA CGM Group was honored to receive the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation today Read More »

Statoil, Lithuania to develop Baltic Sea LNG supply business

Reuters | July 02, 2015 | Energy | Liner Shipping

Norway’s Statoil and Lithuania’s Lietuvos Energija plan to join forces to develop a small-scale liquefied natural gas (LNG) supply operation, competing with Finnish gas utility Gasum. Read More »

Asia Dry Bulk-Capesize rates likely to steady around current levels

Reuters | July 02, 2015 | Liner Shipping

Freight rates for capesize bulk carriers, which hit their highest level in nearly seven months last week, could remain stable next week on steady cargo volumes, ship brokers said. Read More »

Box Ships Inc. announces agreements with banks and the charter of two vessels

PR Newswire | July 01, 2015 | Liner Shipping

Box Ships Inc., a global shipping company specializing in the transportation of containers, today announced that it has agreed with ABN AMRO Bank N.V. to extend for a period of two years the secured loan facility dated June 27, 2012, which was originally scheduled to mature in July 2015. Read More »

The world’s first methanol-fueled low-rev diesel engine

AJOT | July 01, 2015 | Liner Shipping

MOL has ordered methanol carriers with the world’s first methanol burned dual-fueled low-speed diesel main engine. Read More »

Crowley strengthens relationship with U.S. Navy, completes turnover of Military Sealift Command T-AG

AJOT | July 01, 2015 | Liner Shipping

Crowley Maritime Corp.’s global ship management group recently completed the successful turnover of the Military Sealift Command’s (MSC) T-AGOS/T-AGM fleet and is now responsible for the operation and maintenance of the organization’s five T-AGOS vessels Read More »

Evergreen’s Penultimate L-type is Named

AJOT | June 30, 2015 | Liner Shipping

Evergreen Group held the naming ceremony for EVER LOVELY today, the ninth of its L-type vessels to be built by CSBC Corporation in Taiwan and the penultimate vessel in the thirty strong series. Read More »

French shipper CMA CGM to sign two Chinese deals as trade seen booming

Reuters | June 30, 2015 | Liner Shipping

France’s CMA CGM, the world’s third-largest container shipping group, will sign two deals with China that put it in line to benefit from a forecast surge in trade between Asia and Europe. Read More »

Maersk says no issue funding Greek operations, paid staff early

Reuters | June 30, 2015 | Liner Shipping

Oil and shipping conglomerate A.P. Moller-Maersk said on Tuesday it was experiencing no problems funding operations in Greece or getting paid by Greek customers despite the imposition of capital controls by Athens. Read More »

Davie welcomes new Quebec Maritime Strategy

PR Newswire | June 29, 2015 | Liner Shipping

As a leader in the North American maritime industry, Davie applauds the Government of Quebec for its commitment to the sector in its first-ever maritime strategy; which will lead to more jobs and economic prosperity. Read More »

Chinese Prime Minister Li Keqiang to visit the CMA CGM Group Headquarter on July 1st

AJOT | June 29, 2015 | Liner Shipping

The CMA CGM Group is honored to receive the Chinese Prime Minister Mr Li Keqiang in its Marseilles headquarters on July 1st. Read More »

India grants 1-year extension to Iranian ship insurers

Reuters | June 29, 2015 | Liner Shipping

India has extended approval to two Iranian insurers to cover container and tanker vessels calling at Indian ports by a year to June 25, a government notification said, in a move that will aid oil imports from Tehran. Read More »

CMA CGM: Suspension of TBL service to North Mali

AJOT | June 29, 2015 | Liner Shipping

BL traffics to North Mali (Kignan, Ségou, Mopti, Sevaré, Gao, Kidal, Menaka, Ansongou, Tessalit, Timbuktu) via Dakar are temporarily suspended. Read More »

Baltic Exchange ship futures platform examines move into commodities

Reuters | June 29, 2015 | Liner Shipping

London’s Baltic Exchange is studying a potential foray into commodities and is open to proposals on tie-ups as other exchanges attempt to boost volumes, its chief executive said. Read More »

Crowley acquires more than 4,300 additional pieces of liner services equipment

AJOT | June 29, 2015 | Liner Shipping

In response to continuing high customer demand, Crowley Maritime Corporation’s liner services group has placed orders for additional equipment, including hundreds of new chassis and containers for use in the company’s U.S., Puerto Rico, Caribbean and Central America trade lanes. Read More »

Illinois barge captain sent to prison for fatal 2005 explosion

Reuters | June 26, 2015 | Liner Shipping

In an uncommon maritime case, an Illinois man who was captain of a petroleum barge that exploded in a Chicago canal in 2005, killing a crew member, was sentenced to six months in prison on Friday, prosecutors said. Read More »

Five things you may not know yet about the marine industry

AJOT | June 25, 2015 | Liner Shipping

The marine industry is rapidly evolving. While new technology means that vessels are more efficient, the need to keep up with the demands of globalisation has also meant that we’re seeing faster and larger ships at sea. GE technology has been at the forefront of some of these developments. Read More »