Russia Railways restricts grain shipments to Novorossiysk

AJOT | August 30, 2011 | Intermodal

Russian Railways said that it has restricted grain shipments to the Black Sea port of Novorossiysk, Russia's leading grain exporter, due to congestion on the rail lines as traders move to bring this year's crop to international markets.

It said that r Read More »

Railserve acquires assets of Spring Ridge Rail Services

AJOT | August 30, 2011 | Intermodal

Railserve, Inc., the leading North American provider of in-plant rail switching and associated services, has acquired inventory and production equipment from Spring Ridge Rail Services of Hughes Springs, Texas. With these additional resources, Railserve Read More »

TransCore special report: broker rates exceed shippers’ in 24% of US lanes in Q2

AJOT | August 30, 2011 | Intermodal

Trucking companies received the highest truckload rates from freight brokers and other intermediaries in 24 percent of routes in the U.S. throughout the second quarter, according to a new report released today by 'Spot Market Rates vs. Contract Rates,' is Read More »

Congress should move forward with critical 21st century transportation infrastructure investments

AJOT | August 30, 2011 | Intermodal

President Obama has called on Congress to extend the Surface Transportation Bill and the Federal Aviation Administration Reauthorization. The BlueGreen Alliance released the following statement from Executive Director David Foster:

'President Obama ca Read More »

Philippines, China look beyond sea dispute at trade

AJOT | August 30, 2011 | International Trade

Philippines President Benigno Aquino and his Chinese counterpart Hu Jintao have sought on to cast aside months of hostility over territorial disputes as Aquino embarked on a state visit intended to boost economic cooperation.

Highlighting the emphasis Read More »

China yuan could challenge dollar role in a decade

AJOT | August 30, 2011 | International Trade

Here's a bold prediction to feed Western worries that power is shifting inexorably to the East: China's yuan could overtake the U.S. dollar as the world's principal reserve currency as soon as next decade.

Beijing has been promoting the use of the yua Read More »

Less than meets the eye in South.Korea’s strong exports

AJOT | August 30, 2011 | International Trade

South Korea's exports may be less resilient than they appear.

The country has posted healthy export growth in recent months even though it is one of Asia's most heavily exposed to the United States and Europe, where growth is fading. But those Read More »

Heinz says Brazil, China deals exceed expectations

AJOT | August 30, 2011 | International Trade

H J Heinz Co's recent acquisitions in Brazil and China are doing better than expected as the food maker works on boosting its business around the globe, Chairman and Chief Executive William Johnson said.

During the ketchup maker's annual shareholders Read More »

Top economies saw trade growth dwindle in Q2-OECD

AJOT | August 30, 2011 | International Trade

A sharp slowdown in merchandise trade growth hit major world economies in the second quarter of 2011, affecting both imports and exports, the Organization for Economic Cooperation and Development said.

The deceleration in import and export growth affe Read More »

Hamburg S’d: mobility at sea and on the Web

AJOT | August 30, 2011 | Liner Shipping

Since the beginning of August 2011 Hamburg S'd has offered its customers and others interested in its portfolio of products and services a mobile website for smartphones. Under the domain users can now also very easily access all the Read More »

Maersk Line says to resume service to Libya port

AJOT | August 30, 2011 | Liner Shipping

Maersk Line will resume its cargo service to Libya on Sept. 8 in its first shipment since February, a spokesman said.

Maersk Line, a unit of Danish shipping and oil group A.P. Moller-Maersk, said it would only call at the east Libyan port of Benghazi Read More »

GT Nexus Shipper Council takes action to support Maersk Line’s call for radical change in the…

AJOT | August 30, 2011 | Liner Shipping

The GT Nexus Shipper Council, a customer community of the world's biggest importers and exporters, has announced that is has engaged Maersk Line in response to the ocean carrier's recently announced 'Manifesto', which calls for changes in the way carriers Read More »

TSA publishes revenue index

AJOT | August 30, 2011 | Liner Shipping

The Transpacific Stabilization Agreement (TSA) has published a revenue index that tracks average revenue per FEU levels (base rate plus non-fuel ancillary charges, spot and contract rates, BCO and third-party shipments) for TSA member lines across the ent Read More »

Golden Ocean sees long-term bulk ship upswing

AJOT | August 29, 2011 | Breakbulk & Projects

Norwegian bulk shipper Golden Ocean posted core second-quarter earnings that beat forecasts and announced a share buy-back as it rides out a weak spot market, sending its shares up 6.5 percent.

"In dry bulk we do not share the view that shipping is in Read More »

Tanzania police seize poached elephant tusks

AJOT | August 29, 2011 | Ports & Terminals

Tanzanian authorities have seized more than 1,000 elephant tusks hidden in sacks of dried fish at Zanzibar port which were destined for Malaysia, officials said.

Like other countries across sub-Saharan Africa rich with wildlife, Tanzania has suffered Read More »

Sri Lanka’s new port gets $610 mlllion investment

AJOT | August 29, 2011 | Ports & Terminals

Sri Lanka's ports authority said it has approved $610 million investment in large warehousing projects for sugar, fertiliser, and bottle manufacturing at its new port in Hambantota, due to start commercial operations this year.

The $1.4 billion port o Read More »

Cerrejon to invest $300 mlllion on port, rail

AJOT | August 29, 2011 | Ports & Terminals

Colombia's largest coal exporter, Cerrejon, plans to spend $100 million on its railroad and $200 million on port improvements for its $1.3 billion expansion plan, the company said.

Cerrejon is owned by BHP Billiton, Anglo American and Xstrata and want Read More »

US Transportation Secretary LaHood names Maritime Industry Advisory Panel

AJOT | August 29, 2011 | Ports & Terminals

U.S. Secretary of Transportation Ray LaHood has announced the appointment of 29 members to the new Marine Transportation System National Advisory Council (MTSNAC), established to advise the Department on matters relating to marine transportation.
&# Read More »

India’s overseas drive to slow home port plans

AJOT | August 29, 2011 | Ports & Terminals

India's desire to spend billions of dollars on overseas infrastructure could undermine efforts to ease major domestic port congestion that has hindered trade in Asia's third largest economy.

New Delhi plans to create a state-owned firm, India Ports Gl Read More »

DP World H1 profit surges on Australia sale

AJOT | August 29, 2011 | Ports & Terminals

DP World's first-half profit grew four-fold as it booked a gain from the sale of its Australian operations last year, and the port operator said its emerging market focus would help it deliver on full-year goals.

The company, one of the more profitabl Read More »