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NOL to boost orders to address freight shortage

AJOT | February 23, 2011 | Liner Shipping

Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, will order more vessels to address an expected shortage in the global freight market within a few years, its chief executive said.

The remarks come three days after A.P. Read More »

Royan named Director, Business Information Management & Corporation Documentation by Hamburg S’d…

AJOT | February 23, 2011 | Liner Shipping

Hamburg S'd North America, Inc. announced that effective March 1, 2011, Tawab Royan will assume the post of Director, Business Information Management and Corporate Documentation, based at the firm's North American main offices in Morristown, NJ. Read More »

UK P&I Club gets to grips with nickel ore and iron ores fines cargoes

AJOT | February 21, 2011 | Breakbulk & Projects

Marine insurers are determined to keep the subject of dangerous bulk cargoes, and in particular nickel ores and iron ore fines, high on the Loss Prevention agenda. The UK Club's latest initiative is an aide-m'moire for shipowners and shipmanagers in the f Read More »

Golden Ocean sailing steady in

AJOT | February 21, 2011 | Breakbulk & Projects

Golden Ocean said it would hold its own in a potentially "rotten and tough market" this year and sharply raised its dividend after net earnings positively surprised in the fourth quarter.

Net profit came in at $24 million, 17 percent above the mean fo Read More »

Dry cargo rates seen recovering in Q2

AJOT | February 21, 2011 | Breakbulk & Projects

Dry cargo freight rates are likely to recover in the second quarter of 2011 as Brazilian exports of grains and sugar pick up, but rates are expected to move sideways in the second half, a senior freight executive said.

"The last few days have seen a m Read More »

Korea Line says in court receivership

AJOT | February 21, 2011 | Breakbulk & Projects

Korea Line Corp said it has started restructuring after a local court approved placing the financially-strapped dry bulk group in receivership.

"The main reason for receivership was charter payments. If the market situation improves, we can graduate f Read More »

Express Transport in India busy with projects

AJOT | February 21, 2011 | Breakbulk & Projects

Express Transport Pvt Ltd (ETPL), a member of the Worldwide Project Consortium WWPC in India, has executed a COA for exports of 66,000frt of pipes from Mundra port recently and is currently negotiating for another movement in excess of 1 million frt of co Read More »

Guimet appointed CEE Sales Representative

AJOT | February 21, 2011 | Breakbulk & Projects

Representing Multitrade Spain, as one of the first CEE members, the CEE management announced the appointment of Carlos Guimet from Barcelona, Spain as sales representative for the CEE. He will focus on developing the network relations in South America in Read More »

Damco opens new office in Le Havre port

AJOT | February 21, 2011 | Ports & Terminals

Damco has opened a new office in Le Havre port in France, a development that gives it a good chance of competing against other freight forwarding companies in the area. The new office in Le Havre port is Damco’s third office in France aside from its main Read More »

Holt Logistics announces 10% increase in container volume at Packer Terminal in 2010

AJOT | February 21, 2011 | Ports & Terminals

Led by the new Black Pearl Service Line, Packer Avenue Marine Terminal (PAMT) continues to compete successfully for container cargo, as evidenced by statistics released today showing a 10 percent increase in container volumes over the last 12 months. Read More »

Konecranes acquires Indian WMI Cranes LTD.

AJOT | February 21, 2011 | Ports & Terminals

Konecranes announced that it had entered into an agreement to acquire the Indian crane company WMI Cranes Ltd. (“WMI”). Konecranes has now received the required regulatory approvals, and WMI will be consolidated into Konecranes’ financial reporting from F Read More »

PD Ports wins ASDA’s UK Container Carrier Award 2011

AJOT | February 21, 2011 | Ports & Terminals

PD Ports has been recognized at the ASDA Carrier Awards for the second year in succession, winning the UK Container Carrier Award 2011 for the combination of its Logical Link and PD Logistics services.

Alex Linton, ASDA Supply Chain Operations Manager Read More »

Port Vancouver key to smoothing Canada grain system

AJOT | February 21, 2011 | Ports & Terminals

Greater efficiency at Canada's biggest port, Port Metro Vancouver, is crucial for improving the country's grain transportation system, the head of Canadian National Railway Co said .

CN, Canada's biggest railway, began last year a grain-loading schedu Read More »

Fog halts ships at Houston-Texas City

AJOT | February 21, 2011 | Ports & Terminals

Fog halted ship piloting to and from the key oil ports of Houston and Texas City, building a queue of 74 vessels inbound and outbound, the U.S. Coast Guard said.

Pilots on Monday afternoon stopped boarding vessels for transit into and out of Houston, Read More »

Less harmful substances due to Friends of the Earth Netherlands – Port Authority agreement

AJOT | February 21, 2011 | Ports & Terminals

Friends of the Earth Netherlands (Milieudefensie) and the Port of Rotterdam Authority agree on a package of measures by means of which the emission of harmful substances in the port will be reduced. The two organisations entered into an agreement in Febr Read More »

Libyan cargo ports close due to violence

AJOT | February 21, 2011 | Ports & Terminals

Operations at Libyan cargo ports have shut down because of violence in the country, shipping sources said.

Sources said operations at Benghazi, Tripoli and Misurata Mediterranean ports, which handle general cargo and container shipping, had closed. Read More »

Zero emissions terminal embarks on world tour

AJOT | February 21, 2011 | Ports & Terminals

It is the ocean cargo terminal of the future - powered by the sun and wind. WWL’s futuristic Castor Green Terminal & Processing Center will require no conventional power, forego fossil fuels and release no harmful emissions into the atmosphere. WWL hopes Read More »

Marram grass on Maasvlakte 2 soft sea defences

AJOT | February 21, 2011 | Ports & Terminals

Maasvlakte 2, the port of Rotterdam expansion, is taking on more shape all the time. 190 million m3 of sand have now been sprayed on. Shortly, the new land will be protected on the western side against the sea by around six kilometres of dunes. Between Fe Read More »

DWS sees Chinese rail steering infrastructure boom

AJOT | February 21, 2011 | Intermodal

Europe's fifth-biggest fund manager, DWS, sees China's rail sector as offering major growth opportunities for investors within the infrastructure sector, a manager of its infrastructure-themed fund said.

The Chinese government plans to spend $120 bill Read More »

Vitran completes Milan Express LTL acquisition

AJOT | February 21, 2011 | Intermodal

Vitran Corporation Inc., a North American LTL transportation and supply chain firm, today announced that it has closed its purchase of the assets of Milan Express' LTL division ("Milan"), a regional less-than-truckload (LTL) freight carrier with operation Read More »

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