Halifax Stanfield International Airport receives funding for runway enhancements

AJOT | February 21, 2011 | Air Cargo

The Halifax Port Authority sees continued investment in the transportation sector in Nova Scotia. The funding announced this morning by the Federal Government and the Provincial Government for the extension of the Halifax Stanfield International Airport's Read More »

China air growth to lead global market

AJOT | February 21, 2011 | Air Cargo

Hong Kong is the world's fastest-growing air cargo market, with growth seen at an average of 12.2 percent per year, said International Air Transport Association (IATA) Director General Giovanni Bisignani.

"Asia is the most profitable region in the wor Read More »

Envirotainer’s new e-technology container RAP e2 carries first commerical shipment

AJOT | February 21, 2011 | Air Cargo

Envirotainer's new RAP e2, the next generation of e-technology air cargo containers for highly sensitive healthcare products, has successfully delivered its first commercial shipment.

The milestone first shipment ' which followed airworthiness certifi Read More »

Hapag-Lloyd to be worth as much as $4.75 blllion

AJOT | February 21, 2011 | Liner Shipping

Hapag-Lloyd, the world's fifth-largest container shipping line, aims to be valued at between 3 billion and 3.5 billion euros ($4.07 billion-$4.75 billion) when it lists on the German stock exchange on April 15, a newspaper reported.

Citing an analyst Read More »

Daewoo wins up to $5.7 blllion Maersk ship order

AJOT | February 21, 2011 | Liner Shipping

Daewoo Shipbuilding & Marine Engineering has landed a $1.9 billion order from A.P. Moller-Maersk to build 10 huge container ships, with options to deliver another 20 similar vessels.

At a cost of $190 million per vessel, Maersk said the total contract Read More »

Maersk likely to use first half of Daewoo option

AJOT | February 21, 2011 | Liner Shipping

Maersk Line said it is likely to exercise the first half of a 20-vessel option for additional ships under a $5.4 billion deal with shipbuilder Daewoo.

Maersk confirmed that it placed an order with Daewoo Shipbuilding & Marine Engineering for 10 large Read More »

Maersk 2010 profit seen meeting guidance

AJOT | February 21, 2011 | Liner Shipping

A.P. Moller Maersk is expected to report a swing back into profits for 2010 that will meet the company's guidance for net earnings of about $5 billion, a Reuters poll of analysts showed.

Net profit was estimated on average to be 27.72 billion Danish c Read More »

Two more Rickmers container giants named

AJOT | February 21, 2011 | Liner Shipping

The naming of two more 13,100 TEU container vessels for Rickmers Group took place in Ulsan, Korea. Leo Rickmers and Scorpio Rickmers will come into service for their charterer Maersk Line as Maersk Edmonton and Maersk Elba. Leo Rickmers was named by Manu Read More »

Hanjin sees growth in cargoes but falling profits

AJOT | February 21, 2011 | Liner Shipping

Hanjin Shipping , the world's ninth biggest container shipper, predicted global container shipments would grow up to 8 percent this year, supported by bright trans-Pacific trade prospects.

"(A) return to normalcy--that is our expectation and hope," ch Read More »

Hamburg S’d celebrates christening of a 7,100 TEU container ship

AJOT | February 21, 2011 | Liner Shipping

Hamburg S'd has christened the 'Santa Isabel' in Singapore. She is the second of ten identical container vessels with a capacity of 7,100 TEU each. This makes them not only the largest ships ever built for Hamburg S'd, but also, with their 1,600 reefer pl Read More »

Premium Article  US spending shortfalls on inland waterways undermine US exports

Stas Margaronis | February 17, 2011 | Ports & Terminals

New shipping restrictions on the lower Mississippi River reflect a long-term failure to properly maintain the nation’s waterways causing a crisis for farmers, shippers and exporters. As growing delays and higher costs and undermine commerce, according to Read More »

Premium Article  Infill versus greenfield

Peter Buxbaum | February 17, 2011 | Energy | Intermodal | International Trade | Ports & Terminals

In reversal of former trend, distribution, logistics, and industrial sites are increasingly being located in built up areas
Trends in the location of industrial sites and logistics centers have seen a reversal since the 1990s. Back then, low Read More »

Premium Article  Inland ports offer muscle to moving America’s freight

Karen Thuermer | February 17, 2011 | Ports & Terminals

Inland waterways already play a significant role in the commerce of the United States by moving a wide host of commodities as well as containerized freight throughout its 12,000-miles navigable system. That system spans the Mississippi River, the Ohio Riv Read More »

Premium Article  Spectacular renewal of Canada’s inland fleet

Leo Ryan | February 17, 2011 | Liner Shipping

The long-awaited decision last fall by Canada’s federal government to eliminate a three-decade old 25% duty on imported vessels has sparked a flurry of orders to renew Canada’s aging inland fleet. The strong appreciation of the Canadian dollar has also fa Read More »

Premium Article  General Electric sales to China generate U.S. jobs and U.S. concerns

Stas Margaronis | February 17, 2011 | International Trade

General Electric plans new agreements with Chinese partners in strategic sectors such as clean energy, aviation and rail transportation, which are expected to generate more than $1 billion in exports from the United States and create or support 4,500 U.S. Read More »

Premium Article  Nucor Steel is heavy weight on Mississippi River

Karen Thuermer | February 17, 2011 | Breakbulk & Projects | International Trade

Good news for transportation providers and seaports such as the Port of New Orleans, a major transshipment port for steel. Plans for another steel mill to be built along the Mississippi River are underway – this one for Nucor Steel.

- By Karen E. Read More »

Premium Article  Bucyrus digs global logistics

Karen Thuermer | February 17, 2011 | Breakbulk & Projects | International Trade

One only needs to identify where today’s major mining projects are taking place to understand where Bucyrus International, Inc., a world leader in the design and manufacture of mining equipment, is shipping its equipment. After all, Bucyrus has a goal of Read More »

Premium Article  J.M. Smucker’s Folgers sets sites for uncommon grounds

Karen Thuermer | February 17, 2011 | International Trade

Wake up and smell the coffee! That’s what folks in New Orleans are saying these days. Not only is the National Coffee Association of USA, Inc. (NCAUSA) holding its Centennial Convention on March 16-19 in New Orleans, last year J.M. Smucker Co. announced t Read More »

Premium Article  Strong recovery in Great Lakes/Seaway traffic

Leo Ryan | February 17, 2011 | International Trade | Liner Shipping | Ports & Terminals

Thanks to a recovery notably in the steel and automobile industries, cargo movements through the bi-national inland waterway of the Great Lakes/ St. Lawrence System are bouncing back from the 2008-2009 recession. Another important factor has been surging Read More »

Premium Article  Change in Rickmers Group executive board after successful financing

AJOT | February 17, 2011 | Liner Shipping

Following 10 years with the Rickmers Group and after the successful conclusion of financing agreements for the Rickmers Group’s newbuilding program consisting of container and multi-purpose vessels, Dr Moritz Mittelbach has stepped down as CFO and Managin Read More »