Lufthansa invests in passenger and freighter fleet

AJOT | March 16, 2011 | Air Cargo

The Lufthansa Supervisory Board approved orders for 35 new aircraft at its meeting today. Thirty of the aircraft from the Airbus A320neo family are for the Passenger Business, the other five orders are for Boeing 777 freighters for the business segment Lo Read More »

Planemakers win as oil price fuels airline upgrades

AJOT | March 16, 2011 | Air Cargo

For planemakers, rising jet fuel costs are proving a boon as airlines are forced to splash scarce cash on fuel-efficient aircraft to offset oil prices.

Aircraft orders totalling $31 billion across three continents last week show how much airlines, man Read More »

Cargoitalia targets higher yields with extra Shanghai and Hong Kong flights

AJOT | March 16, 2011 | Air Cargo

From late March, Cargoitalia will operate four times weekly to Hong Kong - on Tuesday, Thursday, Friday and Saturday. The Tuesday and (new) Friday services will operate via Sharjah, while the Thursday and Saturday flights will continue to route via Dubai. Read More »

Committee approves extension of FAA programs & 2012 budget priorities

AJOT | March 16, 2011 | Air Cargo

The Transportation and Infrastructure Committee approved a short-term extension of Federal Aviation Administration programs, as well as its priorities for federal spending reductions and views and estimates on the budget for the next fiscal year.

The Read More »

Lufthansa Cargo transports artworks for Sino-German exhibition

AJOT | March 16, 2011 | Air Cargo

Lufthansa Cargo has transported 287 works of art from Germany to Beijing as a partner of the Sino-German exhibition 'The Art of the Enlightenment'. The exhibits from the National Museums in Berlin, the Dresden State Art Collections and the Bavarian State Read More »

Founding members sign basic principles for new global air cargo advisory group

AJOT | March 16, 2011 | Air Cargo

Air cargo security and e-commerce will be the priorities of the newly-formed Global Air Cargo Advisory Group (GACAG) after its four founding member associations finalized and signed the basic principles of the Group at the IATA World Cargo Symposium in Is Read More »

Larkin rejoins Crowley as VP, Sales and Customer Care

AJOT | March 16, 2011 | Liner Shipping

Frank Larkin has rejoined Crowley Maritime Corporation as vice president of sales and customer care for the company's liner services and logistics groups. He is domiciled in Jacksonville and reports to Steve Collar, senior vice president and general manag Read More »

Post-quake update on MOL-operated vessels

AJOT | March 16, 2011 | Liner Shipping

Bulker C.S. Victory safe after grounding during tsunami 
Mitsui O.S.K. Lines, Ltd. reported that all the crew have returned to the MOL-chartered bulker C.S. Victory, which was carried toward a breakwater by the tsunami and grounded in the shallow ha Read More »

Evergreen Line to launch JTS direct service from Japan to South China region

AJOT | March 16, 2011 | Liner Shipping

In a further expansion of its intra-Asia regional network, Evergreen Line is set to launch a weekly Japan-Taiwan-South China Sea (JTS) service from March 17. Read More »

Hamburg S’d expands North America West Coast service to include Hamburg

AJOT | March 16, 2011 | Liner Shipping

At the end of a one-month journey, the CAP PALMERSTON was the first ship in the expanded North America West Coast (WAMS) service operated by Hamburg S'd to reach the Port of Hamburg yesterday. The vessel was handled and cleared at the HHLA Container Termi Read More »

Carlyle, Tiger to invest $5 blllion in shipping

AJOT | March 14, 2011 | Breakbulk & Projects

Carlyle Group has formed a joint venture with maritime investment firm Tiger Group to buy more than $5 billion worth of vessels with a group of other investors to tap growing shipping demand in the region.

The joint venture will commence operations im Read More »

Oslo shippers up demand view post Japan quake

AJOT | March 14, 2011 | Breakbulk & Projects

Oslo-listed shipping firms expect demand for shipping services to rise following last week's devastating earthquake and tsunami in Japan, top executives said.

Frontline, the world's largest independent oil tanker firm, and dry bulk shipper Golden Ocea Read More »

Torm calls bottom of shipping cycle as losses deepen

AJOT | March 14, 2011 | Breakbulk & Projects

Danish shipping group Torm believes the shipping market had reached the bottom of a cycle as it reported deepening losses for 2010 and predicted a similar loss for this year.

Torm shares slid to stand 12.7 percent lower at 33.16 crowns at 1110 GMT, re Read More »

InterMax from Shanghai operate complex import of heavy steel structures

AJOT | March 14, 2011 | Breakbulk & Projects

InterMax Logistics Solution (ITM), a member of the Cargo Equipment Experts CEE network in Shanghai, recently signed a long term contract with a customer to handle their supply chain management to import spare parts as well as main sections/components to t Read More »

Transnet may spend $14.6 blllion on new port

AJOT | March 14, 2011 | Ports & Terminals

South Africa's logistics group Transnet plans to spend at least 100 billion rand ($14.6 billion) to build a new port in Durban, the Business Report newspaper.

Quoting Mafika Mkwanazi, Transnet's board chairman, the paper said it was not known how much Read More »

Rains halt truck, rail access to Brazil grain port

AJOT | March 14, 2011 | Ports & Terminals

The flow of soy and other goods to Brazil's main No. 2 port of Paranagua is suspended for trucks and railway due to damage from heavy rains, risking a shortage of grain for exports, authorities said.

The descending leg of the BR-277 highway leading ov Read More »

Bahrain ports operating, but hit by unrest

AJOT | March 14, 2011 | Ports & Terminals

Growing unrest in Bahrain has led to staff shortages at the island's ports and slower operations although terminals were open, shipping sources said.

Bahrain declared martial law on Tuesday, looking to end weeks of protests by its Shi'ite Muslim major Read More »

All Japanese ports shut after huge quake

AJOT | March 14, 2011 | Ports & Terminals

All Japanese ports are closed, and discharging operations stopped after the country was hit by its biggest earthquake on record and a 10-metre tsunami, shippers said.

The 8.9 magnitude quake was the fifth most powerful to hit the world in the past cen Read More »

Japanese seaports damaged by quake

AJOT | March 14, 2011 | Ports & Terminals

At least six Japanese ports were damaged by last week's massive earthquake and tsunami, with four potentially out of operation for months, if not years, industry officials and experts said.

Japan was assessing the damage to ports north of Japan's capi Read More »

TransCore’s North American Freight Index reports record truckload volume for the month of February

AJOT | March 14, 2011 | Intermodal

TransCore's North American Freight Index shows the highest spot market truckload freight volume for the month of February since the company established the North American Freight Index in 1986. January's freight volume set a similar record. Read More »