Baltic index advances with rising dry commodity vessel demand

Reuters | March 19, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted on Thursday by higher demand across all vessel segments. Read More »

Lloyds, Natixis and RBS sell Dubai World debt before $14.6 billion deal

Reuters | March 19, 2015 | Ports & Terminals | Ports

Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion debt restructuring, according to sources familiar with the matter. Read More »

Baltic index rises on demand for panamax and smaller vessels

Reuters | March 19, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted on Wednesday by higher demand for panamax and smaller vessel segments. Read More »

Haier renews agreement with Encompass to be exclusive provider of comprehensive logistics service

AJOT | March 19, 2015 | Transport Intermediaries

Deal includes spare parts solutions for appliances, consumer electronics and hvac to support the world's largest appliance manufacturer Read More »

Penske Truck Leasing Co., L.P. Welcomes Mitsui & Co., Ltd. as New Investor

AJOT | March 19, 2015 | Intermodal | Road

Penske Truck Leasing Co., L.P. (“PTL”) today announced that Tokyo-based Mitsui & Co., Ltd. (“Mitsui”) has acquired a 20.0% limited partnership interest in PTL from General Electric Capital Corporation (“GECC”). Read More »

Woodland oils the wheels for Comma

AJOT | March 19, 2015 | Transport Intermediaries

Global freight forwarder Woodland Group has inked a new three-year deal with automotive aftermarket supplier Comma after winning a contract to distribute lubricants, chemicals and ancillaries following a competitive tendering process. Read More »

Clean Transportation & Energy Joins WTS as partner for Advancement of Women in Transportation

AJOT | March 19, 2015 | Transport Intermediaries

Gladstein, Neandross & Associates (GNA), a leading clean transportation and energy consulting firm, has committed to a partnership engagement with WTS International, the association for the global advancement of women in transportation. Read More »

Flower Shippers’ Forum finds more common ground than difference

AJOT | March 19, 2015 | Air Cargo

Flower growers, retailers and air cargo industry executives made good progress in identifying challenges and potential solutions in shipping flowers by air, at the Flower Shippers’ Forum organised by Schiphol Cargo, as part of the recent STAT Times Air Cargo Africa conference. Read More »

VOLGA-DNEPR moves Express AM7 and AM8 satellites to Baikonur Cosmodrome for launch

AJOT | March 19, 2015 | Air Cargo | Breakbulk & Projects | Projects

Volga-Dnepr Airlines delivered the Russian telecommunications satellites Express AM7 and Express AM8 to the Baikonur Cosmodrome launch site in Kazakhstan. Read More »

IAG CArgo extends Latin American Network

AJOT | March 19, 2015 | Air Cargo

From this summer, IAG Cargo is significantly boosting its Latin America network by launching a new route into Colombia and reopening its route into Cuba. Read More »

Lufthansa Cargo remains on course with its “Lufthansa Cargo 2020” program

AJOT | March 19, 2015 | Air Cargo

Lufthansa Cargo achieved an operating profit of EUR 100m last year. This represents a significant increase for the cargo airline when compared with the previous year. Read More »

AGCT opens COSCO regional service in Rijeka

AJOT | March 19, 2015 | Liner Shipping

Adriatic Gate Container Terminal (AGCT), ICTSI's container handling facility in the Port of Rijeka, Croatia, recently launched COSCO's AGT when COSCO selected AGCT as the first port of call of the service. Read More »

UK freight forwarders welcome potential export boost and duty freeze

AJOT | March 19, 2015 | Transport Intermediaries

BIFA also welcomed the freeze in fuel duty with the increase planned for September this year not now going ahead. Read More »

Project milestone reached in construction of JAXPORT’s new rail facility

AJOT | March 19, 2015 | Ports & Terminals | Ports

The new road, located just east of the old Dames Point Road, allows drivers to bypass the commercial traffic entering and leaving the new rail facility. Read More »

Coming off the rails? Safety risks in crude by rail

Reuters | March 19, 2015 | Intermodal | Rail

Trains carrying oil or ethanol have derailed and caught fire at more than a dozen locations across the United States and Canada in the last five years. Read More »

Colonial allocates Cycle 17 shipments on two distillate lines

Reuters | March 19, 2015 | Energy | Pipeline

Colonial Pipeline is allocating space for Cycle 17 shipments on Line 2, its main distillate line, and Line 20, according to a notice sent to shippers on Thursday. Read More »

South Korea’s Harim group to expand bulk carrier Pan Ocean by trading grains

Reuters | March 19, 2015 | Breakbulk & Projects | Breakbulk

South Korea’s Harim Group aims to grow sales at the country’s largest bulk shipper Pan Ocean Co Ltd, which it plans to acquire, seven times to more than 10 trillion won ($8.97 billion) annually within five to six years. Read More »

Maersk gives terms for sale of Danske Bank stake

Reuters | March 19, 2015 | Liner Shipping

Danish shipping and oil company A. P. Moller-Maersk on Thursday published the terms under which it will sell its 20 percent stake in Denmark’s largest bank Danske Bank, a sale announced in February. Read More »

China buys 450,000 tons of high-protein wheat, more imports expected

Reuters | March 19, 2015 | Breakbulk & Projects | Breakbulk

Chinese buyers purchased around 450,000 tonnes of high protein wheat over the last few days, with more imports expected due to a domestic shortage of high quality grades, traders and industry sources said. Read More »

Dubai’s DP World posts 11.8% rise in 2014 profit, margins firm

Reuters | March 19, 2015 | Ports & Terminals | Ports

Dubai’s DP World posted an 11.8 percent rise in 2014 net profit as profit margins grew in all its regions, the company said on Thursday. Read More »