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Great Lakes Dredge wins a $25.6 million contract for the Arthur Kill Channel Navigation project

AJOT | December 11, 2014 | Breakbulk & Projects | Projects | Ports & Terminals | Canal and Waterway | Ports | Wet Bulk Port | Dry Bulk Port | Break Bulk Port | Container Port

Great Lakes Dredge & Dock Co., LLC, from Oak Brook, Illinois, has won a $25.6 million firm-fixed-price contract for the Arthur Kill Channel Navigation project. This development program will include the following activities: dredging, blasting and disposal of rock. Read More »

Maersk Line announces Far East Asia to USA & Canada General Rate Increase & Peak Season Surcharge

AJOT | December 11, 2014 | Liner Shipping | Ports & Terminals | Ports | Container Port

Maersk Line will be implementing a Transpacific Eastbound (Far East Asia to United States & Canada) General Rate Increase (GRI) for all cargo transiting in this lane and a Peak Season Surcharge (PSS) for all dry and reefer shipments. Both GRI and PSS have an effective date of January 15th, 2015. Read More »

China Customs want to enforce advance manifest regulations

AJOT | December 11, 2014 | International Trade | Liner Shipping

According to a report from Maersk Line, China customs has articulated their intentions to enforce Chinese advance manifest regulations in March 2015. Read More »

Study finds two-thirds economic benefits from road/transit investment in non-construction sector

AJOT | December 11, 2014 | Breakbulk & Projects | Projects | Intermodal | Road | Rail

Two-thirds of the economic benefits and jobs created by federal highway and transit investment occur in non-construction sectors, according to a new study. The study also finds that every dollar invested through the federal Highway Trust Fund (HTF) in state highway, bridge and public transit infrastructure programs returns 74 cents in tax revenue. Read More »

The OPEC Reference Basket finished down $9.49 at $75.57/b in November

AJOT | December 11, 2014 | Energy | International Trade | Ports & Terminals | Terminals

The OPEC Reference Basket finished down $9.49 at $75.57/b in November, amid increasing supplies and sluggish global growth. ICE Brent fell $8.42 to $79.63/b, while Nymex WTI lost $8.53 to stand at $75.81/b. The Brent-WTI spread widened slightly to average $3.82/b in November. Read More »

Moody’s: Outlook for US ports changed to stable from negative on recovery of container volumes

AJOT | December 11, 2014 | Ports & Terminals | PT Finance News | Ports

Moody’s Investors Service has changed its outlook for the US ports to stable from negative as container volumes continue to recover. “Our new stable outlook is based on the view that the continuing recovery in US container-volume growth is sustainable and that business conditions for global shipping lines, which drive cargo volume, have stabilized,” says Myra Shankin, a Moody’s Analyst, in “2015 Outlook — US Ports.” Read More »

AAPA Notes Support For U.S. Seaports Continues In FY’15 ‘Cromnibus’ Bill Agreement

AJOT | December 11, 2014 | Ports & Terminals | Regulatory Issues

In reviewing the proposed $1.01 trillion Consolidated and Further Continuing Appropriations Act of 2015 hammered out in Congress late yesterday, the American Association of Port Authorities (AAPA) noted that there are significant increases for the U.S. Army Corps of Engineers’ Harbor Maintenance Tax (HMT) operations and maintenance (O&M) activities and construction budgets, Read More »

ICSID Negates Its Jurisdiction for Arbitrating Fraport’s Compensation Claim Against Philippines

AJOT | December 11, 2014 | Air Cargo

ICSID Again Negates Its Jurisdiction for Arbitrating Fraport’s Compensation Claim Against the Republic of the Philippines. Fraport Will Carefully Analyze the Decision – PIATCO and Fraport Continue to Pursue Their Shared Interests in the Philippines. Read More »

Exxon forecasts significant increase in energy demand by 2040

AJOT | December 11, 2014 | Energy

Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 percent increase in energy demand by 2040, according to a new report released today by ExxonMobil. Read More »

Conglomerate Libra ramps up container ship buying, bets on upturn

Reuters | December 11, 2014 | Liner Shipping

Global conglomerate Libra is snapping up container ships, betting on a sector recovery and lower oil prices which will cut costs and boost profitability, the group’s chief executive said. Read More »

Inchcape Shipping Services announces new Executive Vice President, North America

AJOT | December 11, 2014 | People | Appointments | Transport Intermediaries

Inchcape Shipping Services announces new Executive Vice President, North America

Inchcape Shipping Services (ISS), the world's leading maritime, cargo and supply chain solutions provider has announced a key hire to its senior management team with the appointment of Steve Schollaert as Executive Vice President for North America region. Read More »

International Trade Rises 6.8% at Port Everglades WorldCity Business Reports for First Nine Months

AJOT | December 11, 2014 | Ports & Terminals | Ports | Container Port

Port Everglades is experiencing a surge in international trade with a 11 percent increase in TEUs (20-foot equivalent units, the industry’s standard measurement for container volumes) and a 6.85 percent increase in the dollar value of all waterborne commerce during the first nine months of calendar year 2014 compared to same period in 2013, according Port statistics and a report released today by WorldCity. Read More »

Fraport Cargo Services honors AirBridgeCargo, their largest international cargo carrier

AJOT | December 11, 2014 | Air Cargo

Fraport Cargo Services (FCS) has acknowledged AirBridgeCargo Airlines (ABC) as its largest international air cargo carrier at Frankfurt Airport in 2014 in the company’s annual ceremony to honour its top cargo carriers. Read More »

Schiphol GDP conference looks at theory and practice

AJOT | December 11, 2014 | Air Cargo

A recent conference on GDP Practice in the Aviation Industry, held at Amsterdam Airport Schiphol, underscored the importance of data integrity for quality managers, highlighted the lack of data quality at some airports and concluded that correct bookings, comprehensive checking of shipments at export acceptance, and performance measurement are all essential in the pharma supply chain. Read More »

MHG In Talks with BASF Regarding A Series of Initiatives

AJOT | December 11, 2014 | Breakbulk & Projects | Projects

MHG, the manufacturer of one hundred percent biodegradable plastic, announced they met behind closed doors with BASF, the largest chemical company in the world. Dr. Paul Pereira, CEO and Executive Chairman of the Board of Directors, met with Johannes Becker, Vice President of Strategy in Brussels last week to discuss next steps in a series of initiatives. Read More »

duisport increases total handling volume to 65 million tons

AJOT | December 11, 2014 | Ports & Terminals | Ports | Container Port

duisport increases total handling volume to 65 million tons

The total handling volume in the ports of the duisport Group reaches a peak / Double-digit growth again expected in container handling / combined transport Read More »

LoBiondo Statement from Hearing on Unmanned Aircraft Systems

AJOT | December 11, 2014 | Air Cargo

Hearing on “U.S. Unmanned Aircraft Systems: Integration, Oversight, and Competitiveness” Read More »

Shuster welcomes new Transport and Infrastructure Committee members from 114th congress

AJOT | December 11, 2014 | People | Appointments | Breakbulk & Projects | Projects

Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA) welcomed the 12 Republican Members who will join the Committee in the 114th Congress, including two Members elected to their third terms in Congress and ten freshmen. Read More »

Ceva Logistics opens West Hub Logistics Center at Jalan Buroh in Singapore

AJOT | December 11, 2014 | Transport Intermediaries

CEVA Logistics, a leading global supply chain management company, announced it has expanded its presence in Singapore with a new West Hub Logistics Center at Jalan Buroh. The 48,000 sq m warehouse and office hub is the company’s largest facility in Singapore. Read More »

Port of Corpus Christi approves tariff increases effective January 1, 2015

AJOT | December 11, 2014 | Breakbulk & Projects | Breakbulk | Ports & Terminals | Ports | Break Bulk Port

Tariff increases approved during the Port of Corpus Christi Commission Meeting of December 9, 2014, Effective Jan 1, 2015: Read More »

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