Breakbulk & Projects

United Yacht Transport adds vessels for higher than expected demand in North America

AJOT | March 01, 2015 | Breakbulk & Projects | Projects

With three confirmed vessels so far in March, United Yacht Transport is continuing to grow its position as the leader in North American yacht transport. Read More »

Golden Ocean posts Q4 net loss hit by impairments

Reuters | February 27, 2015 | Breakbulk & Projects | Breakbulk

Dry bulk shipping firm Golden Ocean posted a wider fourth-quarter net loss than expected hit by impairments, and said the weak market conditions would continue to affect its earnings. Read More »

Commodities shipping crisis adds to loan woes for Greek banks

Reuters | February 26, 2015 | Breakbulk & Projects | Breakbulk

The global slump in demand for dry freight commodities is adding more pain to Greece's already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. Read More »

Asia Dry Bulk-Capesize rates could improve but tonnage glut weighs on market

Reuters | February 26, 2015 | Breakbulk & Projects | Breakbulk

Rates for capesize bulk carriers, which are close to six-year lows, could show only slight improvement next week as the glut of available tonnage may outweigh any uptick in chartering after the end of the Lunar New Year holiday in China, brokers said. Read More »

WesPac Midstream signs construction contract to build LNG bunker barge In North America for TOTE

AJOT | February 25, 2015 | Breakbulk & Projects | Breakbulk

WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and liquefied natural gas (LNG) solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance, announced today a construction contract with Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC, to build the first dedicated LNG bunker barge for the marine market in North America. Read More »

Successful year end for Terex® Gottwald mobile harbour cranes

AJOT | February 23, 2015 | Breakbulk & Projects | Projects

December orders include cranes for terminal operators from all over the world - Terex Port Solutions to deliver G HMK 7608 to Roberto Bucci S.p.A.’s Terminal in Naples Read More »

Louis Berger JV awarded $79 million project management contract for Doha Metro

GlobeNewswire | February 22, 2015 | Breakbulk & Projects | Projects

The Louis Berger Egis Rail Joint Venture has been commissioned by Qatar Railways Company to provide project management consultancy services for all elevated and at-grade sections of the Doha Metro project. The contract is valued at $79 million. Read More »

Recycling Industry’s response to West Coast Ports agreement

GlobeNewswire | February 21, 2015 | Breakbulk & Projects

In response to the tentative agreement between the International Longshore and Warehouse Union and the Pacific Maritime Association, Robin Wiener, president of the Institute of Scrap Recycling Industries (ISRI), released the following statement: Read More »

Weak vessel demand keeps Baltic index at record lows

Reuters | February 18, 2015 | Breakbulk & Projects | Breakbulk

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, hit another record low as demand for vessels fell ahead of the Lunar New Year holiday. Read More »

Second dry-bulk shipper files for bankruptcy as rates tumble

Reuters | February 18, 2015 | Breakbulk & Projects | Breakbulk

A second dry cargo shipper has filed for bankruptcy following a collapse in freight rates that has forced many companies to idle vessels used to haul iron ore, coal and grain rather than hire out the ships at a loss. Read More »

Aal Bolsters Pacific expansion plans with industry award win in Canada

AJOT | February 17, 2015 | Breakbulk & Projects | Projects

The award win follows a sustained two-year period of investment and development for AAL in the Pacific region, which has seen the establishment of its AAL Pacific Service, overseeing a unique combination of regular liner shipping and tailor-made tramp solutions for cargo transportation to destinations worldwide. Read More »

Drewry: Dry bulk shipping set to recover in late 2015

AJOT | February 17, 2015 | Breakbulk & Projects | Breakbulk

Strong trade growth, moderating fleet development and deployment of new fuel efficient vessels are expected to lead to a recovery in dry bulk shipping rates later in 2015, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry. Read More »

South Africa aims to boost gas import infrastructure

Reuters | February 17, 2015 | Breakbulk & Projects | Projects | Energy

South Africa plans to improve infrastructure such as pipelines and ports to boost gas imports for use in power generation, the acting director general of the department of energy said on Tuesday. Read More »

Transportation group Ceo says cutting Highway Trust Fund shortsighted

AJOT | February 16, 2015 | Breakbulk & Projects | Energy | Maritime | Rail and Road

American Public Transportation Association (APTA) President and CEO Michael Melaniphy says eliminating public transit funding from the Highway Trust Fund would be shortsighted. Read More »

China rule change paves way for Vale’s mega-ships official entry

Reuters | February 12, 2015 | Breakbulk & Projects | Breakbulk | Ports & Terminals

China has amended rules around ships it will allow to berth at mainland ports, paving the way for Brazilian miner Vale to ship iron ore in its giant 400,000 deadweight tons (DWT) carriers. Read More »

Sinking of ship carrying Malaysian bauxite raises moisture concerns

Reuters | February 12, 2015 | Breakbulk & Projects | Breakbulk

Marine insurers have issued warnings about the risk of shipping bauxite in case excess moisture liquefies the cargo and makes it unstable after a ship carrying a Malaysian shipment of the ore sank last month. Read More »

Dry bulk shippers set up combined chartering venture

Reuters | February 12, 2015 | Breakbulk & Projects | Breakbulk

Five dry bulk shipping firms, including shipping tycoon John Fredriksen's Golden Ocean will form a new venture to coordinate chartering services, hoping to reduce costs in a fragmented market, the firms said in a joint statement. Read More »

House sends Keystone Pipeline Bill to President

AJOT | February 12, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) released the following statement after the House voted to send a measure approving construction of the Keystone XL Pipeline project to the President Read More »

UK P&I Club and Allianz Global Corporate & Specialty publish guide on heavy-lift and project cargo

AJOT | February 11, 2015 | Breakbulk & Projects | Projects

The UK P&I Club (“the Club”) has joined forces with leading marine cargo insurer Allianz Global Corporate & Specialty (AGCS) to publish new practical guidance for shipowners and operators on how to carry heavy-lift and project cargo safely at sea. Read More »

Port Manatee handling massive generators for expansion of Tampa Electric power plant

AJOT | February 10, 2015 | Breakbulk & Projects | Projects | Ports & Terminals | Ports | Container Port

Demonstrating its outstanding capabilities for moving massive project cargos, Port Manatee is handling imports of several heat recovery steam generators, commonly referred to as HSRGs, and other related oversized units destined for expansion of a nearby power plant. Read More »