Liner Shipping

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 »

Asia Dry Bulk - Capesize rates face mixed outlook on cargo uncertainty

Reuters | May 21, 2015 | Liner Shipping

Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come under pressure next week if charterers hold back cargoes, ship brokers said. Read More »

Containership reliability reaches new high as congestion and alliance issues fade

AJOT | May 20, 2015 | Liner Shipping

Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Carrier Performance Insight (http://cpi.drewry.co.uk), the online schedule reliability tool provided by Drewry Supply Chain Advisors. Read More »

SeaLand expands service network with North Atlantic Express Service

AJOT | May 20, 2015 | Liner Shipping

SeaLand, the intra-Americas regional ocean carrier of the Maersk Group, has announced the addition of the North Atlantic Express (NAE) service to its comprehensive North-South network. Read More »

LPG coaster shipping market to remain weak in 2015 - Drewry

AJOT | May 20, 2015 | Liner Shipping

The LPG coaster shipping market continues to be plagued by excess vessel supply with rates remaining stubbornly below pre-financial crisis levels, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry. Read More »

APL introduces new service in the Americas

AJOT | May 20, 2015 | Liner Shipping

APL today introduced a new weekly service to enhance its network coverage in the Americas. The new America Caribbean Express (ACX) service, which links Central America and U.S. East Coast, is operated through a vessel sharing agreement with SeaLand. Read More »

Containership reliability reaches new high as congestion and alliance issues fade

AJOT | May 20, 2015 | Liner Shipping

Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Carrier Performance Insight Read More »

Iran cargo ship heads towards Red Sea amid fears of Yemen showdown

Reuters | May 20, 2015 | Liner Shipping

An Iranian cargo ship heading to Yemen is expected to cross into the Red Sea on Thursday, state news agency IRNA reported, amid fears of a showdown with Saudi-led forces enforcing restrictions on Yemeni ports. Read More »

Pentagon says Iran warships ‘linked up’ with cargo vessel

Reuters | May 19, 2015 | Liner Shipping

The Pentagon said on Tuesday that two Iranian warships have “linked up” with a cargo ship that Iran has said is carrying humanitarian aid to Yemen, as activists on board the vessel said it was due to arrive at the Yemeni port of Hodaida on Thursday. Read More »

Maersk Line to increase Asia-Europe rates by $800 TEU

Reuters | May 19, 2015 | Liner Shipping

Shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by $800 per 20-foot equivalent unit (TEU) from June 1, it said on Tuesday. Read More »

BP, Sinopec start Singapore-based bunker fuel joint venture

Reuters | May 19, 2015 | Liner Shipping

British oil major BP and China’s Sinopec Fuel Oil are starting a Singapore-based joint venture in ship fuel storage and sales, BP said in a statement on Tuesday. Read More »

Iran uses maritime confrontations to project power in Gulf

Reuters | May 19, 2015 | Liner Shipping

Iran is using its sea power in the Gulf to show it will not be cowed by Washington’s newly assertive Arab allies, prompting critics to accuse Tehran of destabilising the region. Read More »

MOL launches joint services between Asia and East Coast South America

AJOT | May 18, 2015 | Liner Shipping

Mitsui O.S.K. Lines (MOL) today announced the launch of new joint services with Maersk Line (ML) and Mediterranean Shipping Company (MSC) between the major trading hub of Asia and key ports in East coast of South America. Read More »

Australia to widen curbs on shipping around Great Barrier Reef

Reuters | May 18, 2015 | Liner Shipping

Australia will more than double an area near the Great Barrier Reef subject to special curbs on shipping in a bid to protect the environmentally sensitive region, the government said on Saturday. Read More »

Iranian warships begin escorting Yemen-bound cargo vessel

Reuters | May 18, 2015 | Liner Shipping

Two Iranian warships have begun escorting the Yemen-bound Iran Shahed cargo ship in the Gulf of Aden, the vessel’s captain said in remarks published by Iran’s Tasnim news agency on Monday. Read More »

Maersk Line to share vessels with MSC and MOL in Asia - South America

Reuters | May 18, 2015 | Liner Shipping

Maersk Line has entered into a vessel sharing agreement with Switzerland-based Mediterranean Shipping Company (MSC) and Japan’s Mitsui O.S.K Lines (MOL) on routes between Asia and the east coast of South America. Read More »

Asia - North Europe container freight rates fell 23.6% last week

Reuters | May 18, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 23.6 percent to $658 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. Read More »

Tanker attacked by Iranian craft collided with Iran oil platform in March

Reuters | May 15, 2015 | Energy | Maritime | Liner Shipping

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts have since been made to resolve the issue, the owner said on Friday. Read More »

Evergreen Line Launches China-Surabaya Service

AJOT | May 14, 2015 | Liner Shipping

In view of the increasing market demand resulting from significant trade growth between China and the ASEAN countries, Evergreen Line will partner with COSCO and China Shipping in launching a joint China-Surabaya Express (CSX) Service. This is Evergreen's latest initiative to enhance its service on the Intra-Asian trade. Read More »