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Maritime

2765 posts

Maersk ends freeze on Europe-Asia bookings

Maersk Line has resumed booking shipments on the North Europe-Asia sling after a suspension of almost a month. The world’s largest ocean container line…
  • April 20, 2012
  • 1 minute read

Drewry to unveil new container analytics

Drewry Maritime Research and CargoSmart Limited have partnered to introduce a wider range of container key performance indicators (KPIs) to help importers and exporters…
  • April 18, 2012
  • 2 minute read

Maersk Mc-Kinney Moller dies at age 98

Maersk Mc-Kinney Moller, partner and shipowner of the world’s largest container shipping company, died on April 16, 2012 at the age of 98. “On…
  • April 18, 2012
  • 2 minute read

2012 still a year of loss for Maersk Line

Maersk Line, the container shipping arm of Danish oil and shipping conglomerate A.P. Moller-Maersk, still expects losses in 2012 despite gaining global market share…
  • April 16, 2012
  • 1 minute read

NYK upgrades Asia-Latin America service

Japanese carrier NYK said it is upgrading its weekly Asia-Latin America Express (ALEX) service linking Asia to Mexico and the west coast of South…
  • April 13, 2012
  • 2 minute read

Tung is new OOCL chief executive officer

Orient Overseas Container Line (OOCL) announced the appointment of Andy Tung, chief operating officer of OOCL, as new chief executive officer of the Hong…
  • April 11, 2012
  • 1 minute read

Container lines propose new round of US-Asia rate adjustments

Oakland, CA / April 9, 2012 – Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) are recommending a further round of incremental…
  • April 10, 2012
  • 1 minute read

Asia-Europe box rates make second large surge

Container freight rates in the westbound Asia-Europe corridor increased by 28 percent last week, only one month after the previous large rate increases, according…
  • April 9, 2012
  • 1 minute read

Carrier profit uncertain despite successful rate hikes—Drewry

Ocean carriers have successfully implemented a series of general rate increases (GRIs) recently, but a number of threats could still derail their return to…
  • April 4, 2012
  • 2 minute read

ZIM closes 2011 with $397-M net loss

Zim Integrated Shipping Services ended 2011 in the red, reporting a net loss of US$397 million from a net profit of $54 million in…
  • April 2, 2012
  • 2 minute read

Maersk plans GRIs on Asia-US cargo

Maersk Line, the world’s biggest shipping container line, announced it will implement general rate increases (GRIs) on its Far East-United States service effective May…
  • April 2, 2012
  • 1 minute read

Hapag-Lloyd to impose freight rate hike on Far East-Europe corridor in May

Germany’s Hapag-Lloyd announced a rate increase of US$400 per 20-foot equivalent unit (TEU) on the Far East westbound trade effective May 1. The Hamburg-based…
  • March 30, 2012
  • 1 minute read

Vietnam shipping sector facing bleak future?

Vietnamese shipping lines have been losing out to international rivals in recent years, and the industry will remain in distress this year and the…
  • March 30, 2012
  • 1 minute read

Cebu 2011 cargo throughput up 5.4%

Philippine ports under the Cebu Port Authority (CPA) registered a throughput of 25.365 million metric tons (mmt) in 2011, up 5.4% from 24.056 mmt…
  • March 29, 2012
  • 2 minute read

Maersk CEO goes on extended sick leave

A.P. Moller-Maersk, the Danish shipping and energy conglomerate, said CEO Nils Smedegaard Andersen has extended his sick leave for six to eight weeks more,…
  • March 28, 2012
  • 1 minute read

MOL beefs up Asia-South Africa service

Mitsui O.S.K. Lines (MOL) announced on March 27 two enhancements to its Asia-South Africa network that it said will widen its port coverage. From…
  • March 28, 2012
  • 1 minute read

Maersk holds all North Europe-Asia cargo bookings

Maersk Line, the world’s biggest container shipper, has ceased all bookings on its North Europe-to-Asia lanes amid a backlog of shipments that has European…
  • March 26, 2012
  • 1 minute read

CMA CGM to apply rate hikes, surcharges from April

Marseilles-based shipping giant CMA CGM announced on March 21 its new rate restoration program. The world’s third largest container shipping group will implement general…
  • March 26, 2012
  • 1 minute read

‘K’ Line bolsters intra-Asia service with additional China calls

Japanese shipping line Kawasaki Kisen Kaisha (“K” Line) said on March 23 it will add two new China calls on its intra-Asia services JABCO-1…
  • March 26, 2012
  • 1 minute read

Hapag-Lloyd registers $38-M net loss

German ocean carrier Hapag-Lloyd recorded a net loss of US$38 million in 2011 after registering a $565 million profit the previous year. “2011 was…
  • March 23, 2012
  • 2 minute read