Breakbulk & Projects

CMB Q1 helped by forex gains, upbeat on 2010

AJOT | April 25, 2010 | Breakbulk & Projects

Belgian shipping group CMB expressed confidence for the rest of the year as fleet bookings were high and a foreign exchange gain limited the fall in its first-quarter net profit. CMB, which specialises in dry bulk transport, said its net profit was 10 per Read More »

Breakbulk shows split in activity

AJOT | April 25, 2010 | Breakbulk & Projects

Break bulk activity is showing a split between smaller shipments; those that can fit in open containers or on flat racks, and those "big shoulder" items like power generators, energy equipment and other large items. Smaller shipments are growing in volume Read More »

Essar Shipping to invest 5 blllion rupees in Paradip port

AJOT | April 25, 2010 | Breakbulk & Projects

Essar Shipping Ports and Logistics said it has signed a license agreement with Paradip Port Trust to invest 5 billion rupees in a dry bulk cargo berth. Read More »

Russia March coal exports from major ports up

AJOT | April 25, 2010 | Breakbulk & Projects

Russia's coal exports from leading domestic ports as well as Ukrainian and Latvian terminals were largely higher in March as weather conditions continued to improve, figures compiled by Reuters showed. Read More »

Wilhelmsen Ships Service acquires full ownership in Japan

AJOT | April 25, 2010 | Breakbulk & Projects

Wilhelmsen Ships Service announced that it has purchased the remaining 49% of Aall & Company's interest in Wilhelmsen Aall Ships Service Pte Ltd, in Japan. The move establishes Wilhelmsen Ships Service's complete 100% ownership of Wilhelmsen Aall Ships Se Read More »

Shippers see boon from Russia sugar import push

AJOT | April 25, 2010 | Breakbulk & Projects

A surge of raw sugar shipments into Russia before an expected import duty cut in May is set to lift freight rates for smaller vessels and support raw sugar futures, but the window will be short.

Russia, the world's No. 3 raw sugar importer, i 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 »

Premium Article  Port of Albany gears up

George Lauriat | April 11, 2010 | Breakbulk & Projects | Ports & Terminals

In early February the MV Beluga SkySails called the Port of Albany to pick up a load of power generating equipment manufactured by General Electric (GE) in nearby Schenectady, New York. It was a significant call in a number of respects. In the first insta Read More »

Shippers may gain from quarterly ore price switch

AJOT | April 11, 2010 | Breakbulk & Projects

A switch by major miners to quarterly pricing of iron ore contracts is likely to lift rates in the short-term for larger capesize ships with volatile freight activity expected, brokers and analysts said.
Rio Tinto became the latest miner on Friday Read More »

Greek shippers set to grow despite crisis at home

AJOT | April 11, 2010 | Breakbulk & Projects

Greek ship owners are gearing up for expansion despite the economic turmoil at home and aim to capitalise on a downturn in the seaborne sector by snapping up vessel assets at lower prices. Read More »

Rickmers appoints Telemar for its fleet

AJOT | April 11, 2010 | Breakbulk & Projects

The Telemar Group through its German subsidiary Telemar GmbH is to provide broadband satellite communication for the entire Rickmers fleet. The Rickmers Group, operating a fleet of 102 vessels, is a diversified group with activities in the business fields Read More »

Dockwise secures $40 million in near-term contracts and variation commitments

AJOT | April 11, 2010 | Breakbulk & Projects

Dockwise Ltd. announced seven near-term contract wins for the transportation of four jack-up rigs, jack-up construction vessels, supply boats and a floating crane barge, to be transported to Rio de Janeiro, Brazil; Egypt; Sharjah, UAE; Singapore; Rotterda Read More »

Volkswagen awards WWL contract for Chattanooga faciltity

AJOT | April 11, 2010 | Breakbulk & Projects

Wallenius Wilhelmsen Logistics (WWL), a global leader in factory-to-dealer logistics, has been awarded the vehicle processing and yard management business at Volkswagen Group of America, Chattanooga Operations new plant in Chattanooga, Tennessee. Read More »

Intermarine revises BSC

AJOT | April 11, 2010 | Breakbulk & Projects

Intermarine, the agent for the Industrial Maritime Carriers and West Coast Industrial Express announces that the carriers will revise the bunker surcharges on all services to/from South America, Mexico and the Caribbean effective May 6, 2010. Read More »