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CMA CGM takes delivery of the CMA CGM FIGARO vessel

AJOT | April 25, 2010 | Liner Shipping

CMA CGM announced the delivery of the CMA CGM FIGARO, 8500 teus*containership built by Samsung Heavy Industry.

The CMA CGM FIGARO is registered in France and will sail under the French flag (RIF).

In compliance with CMA CGM's env Read More »

Maersk tycoon, age 96, going strong

AJOT | April 25, 2010 | Liner Shipping

Danish shipping magnate Maersk Mc-Kinney Moller, who will turn 97 this July, is in good health and shows up to work daily at the headquarters of A.P. Moller-Maersk his secretary said.

Moller did not attend Queen Margrethe's 70th birthday bash Read More »

Hamburg S’d defies crisis

AJOT | April 25, 2010 | Liner Shipping

Hamburg S'd, too, was gripped by the world economic and shipping crisis. At 2.3 billion TEU, shipment volume in the liner business was 13 per cent down on the previous year and freight rates dropped significantly. Turnover consequently fell 28 per cent to Read More »

China COSCO sees better 2010 after weak H2 results

AJOT | April 25, 2010 | Liner Shipping

Shipping conglomerate China COSCO Holdings said it expected its liners to have better operating results in 2010 after posted worse-than-expected second-half losses on weak shipping demand.

Container freight rates have been rising since the la Read More »

Maersk’s new Halifax line to serve lobster trade

AJOT | April 25, 2010 | Liner Shipping

The world's biggest container shipper, Maersk Line, has opened a route from Halifax in Nova Scotia to Rotterdam to meet growing demand for transport of live shellfish, Maersk and its partner Aqualife said. Since 2005 Maersk Line, which belongs to Danish o Read More »

Horizon Lines posts wider-than-expected Q1 loss

AJOT | April 25, 2010 | Liner Shipping

Container shipping company Horizon Lines Inc reported a wider-than-expected first-quarter loss hurt by high fuel costs and increased contractual labor expenses.

For the quarter, the company's net loss was $13.2 million, or 43 cents a share, c Read More »

Hamburg S’d announces general rate increase for pacific coast cargo shipments to Europe

AJOT | April 25, 2010 | Liner Shipping

Hamburg S'd announced that effective June 1, 2010, a General Rate Increase (GRI) will be applied to all cargo moving from U.S. West Coast ports and Vancouver to Europe. Read More »

Premium Article  OOCL makes adjustments to accommodate today’s world trade scene

Karen Thuermer | April 18, 2010 | Liner Shipping

The word from Orient Overseas Container Line (OOCL), based in Hong Kong, is that while the world economy is still tenuous, business is recovering.

In an interview at OOCL’s corporate office in Hong Kong in January, C.L. Ting, OOCL managing di Read More »

Premium Article  OCR 2010: Will increases to box ship fleets scuttle recovery?

George Lauriat | April 18, 2010 | Liner Shipping

There is an old saying about boats: ‘they’re just a hole in the ocean to pour money’. And with really big boats, say container ships, it’s not only the one huge hole in the ocean but also a couple of landside holes to boot. Which begs the question, wha Read More »

Premium Article  Getting paid for going green

Peter Buxbaum | April 18, 2010 | Liner Shipping | Ports & Terminals

Carrier calling on Seattle receive payments for burning cleaner fuels
Although volumes of cargo in international trade have been down lately, the trend line over the last decade or more as been strongly in the positive direction. This has le Read More »

Dry bulk ship consolidation set to gather pace

AJOT | April 18, 2010 | Breakbulk & Projects

Growing oversupply in dry bulk shipping is creating buying opportunities for companies to pick up vessels at lower prices with fleet consolidation set to gather pace, a senior ship industry official said. Read More »

Diana Shipping signs shipbuilding contracts for the purchase of two newcastlemax dry bulk carriers

AJOT | April 18, 2010 | Breakbulk & Projects

Diana Shipping Inc. a global shipping transportation company specializing in dry bulk cargoes, announced that it has signed, through its 100% owned subsidiaries, two shipbuilding contracts with China Shipbuilding Trading Company, . . . Read More »

WWL awarded vehicle processing contract for Honda Alabama facility

AJOT | April 18, 2010 | Breakbulk & Projects

Wallenius Wilhelmsen Logistics (WWL), a global leader in finished vehicle logistics, has been awarded the contract to manage vehicle processing and outbound yard management at Honda's plant in Lincoln, Alabama. This is the third such contract that WWL hol Read More »

New iron ore pricing system seen boosting dry bulkers

AJOT | April 18, 2010 | Breakbulk & Projects

As the world's top iron-ore producers shift to a quarterly pricing model, analysts feel this could give a much-needed boost to dry bulk shippers, which earn a large chunk of their revenue ferrying the commodity.

Recently, the top three iron o Read More »

MEC may expand railway in Indonesia’s East Kalimantan

AJOT | April 18, 2010 | Breakbulk & Projects

The UAE's MEC Holdings said it is interested in expanding its planned railway project in Indonesia and wants to find more domestic buyers for its coal.

MEC, previously known as Middle East Coal, has a coal mine project in East Kalimantan and Read More »

Holleman moves large industrial tanks through Bulgarian winter

AJOT | April 18, 2010 | Breakbulk & Projects

During harsh winter conditions earlier this year Holleman Bulgaria O.O.D., Member of the Worldwide Project Consortium WWPC and the Cargo Equipment Experts CEE, operated a total of six transportations for a project to move 6 pcs large tanks for a chemical Read More »

Transy first move heavy turbine runner from Ukraine to China container carrier

AJOT | April 18, 2010 | Breakbulk & Projects

Transport Systems TRANSY, member to the Worldwide Project Consortium WWPC in Russia and Ukraine, handled the difficult movement of an 80 ton heavy turbine runner from the Ukraine Port of Illychevsk with destination Tianjin Port in China.

Due Read More »

APM Terminals sees opportunities for port and shipping industry in 2010

AJOT | April 18, 2010 | Ports & Terminals

The “new normal” creates opportunities if you know where to look

APM Terminals’ Chief Commercial Officer Richard Mitchell spoke April 12th at the opening session of the Twelfth Annual Global Liner Conference in London about the contain Read More »

Taiwan city, Asian export barometer, seeks reforms

AJOT | April 18, 2010 | Ports & Terminals

Taiwan's industrial hub city Kaohsiung, a barometer for Asian export-reliant economies, has seen mild recovery from a year ago but its mayor says it faces a tough future without new industry.

Mayor Chen Chu says the city's traditional heavy i Read More »

Singapore March container traffic up 10% from Feb

AJOT | April 18, 2010 | Ports & Terminals

Singapore port terminals handled 10.4 percent more containers in March than in February, and traffic was also 10 percent higher than a year earlier, government data showed.

The numbers from the Maritime and Port Authority of Singapore show tr Read More »

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