CMA CGM maintains call in Egypt

AJOT | February 03, 2011 | Liner Shipping

CMA CGM is following with great concern the events taking place in Egypt. The Group has set up an Emergency and Communication Response Team to follow the situation, 24/24, 7/7, keeping in close contact with its Egyptian teams in the country, assessing the Read More »

Eagle Bulk Shipping issues statement regarding Korea Lines

AJOT | February 01, 2011 | Breakbulk & Projects

Eagle Bulk Shipping, Inc. issued the following statement in response to the decision by Korea Lines to file for protective receivership: Read More »

Korea Line seeks receivership as freight rates tumble

AJOT | February 01, 2011 | Breakbulk & Projects

South Korea's Korea Line Corp said it had filed for receivership, squeezed by a sharp drop in dry-bulk rates and growing global vessel deliveries ordered before the economic turmoil of 2008.

Korea Line, which is 20.5 percent owned by its chief executi Read More »

Dry bulk rates pressured as coal slowdown bites

AJOT | February 01, 2011 | Breakbulk & Projects

Dry bulk freight rates, already at their lowest levels in nearly two years, are likely to fall further due to a glut of ships and as coal buyers struggle with high prices and thin margins and hold off booking cargoes.

In recent days the Baltic Exchang Read More »

Grains turmoil to lift smaller dry bulk ship rates

AJOT | February 01, 2011 | Breakbulk & Projects

Rising demand for Australian, U.S. and South American grains due to global supply disruptions is set to provide modest earnings support for smaller ships at a time when the dry bulk market is struggling with oversupply.

Fears of food inflation and tig Read More »

Diana Shipping announces time charter contract for M/V Thetis

AJOT | February 01, 2011 | Breakbulk & Projects

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the Read More »

Ships supply woes weigh on Baltic index outlook

AJOT | February 01, 2011 | Breakbulk & Projects

The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, slid to its lowest in nearly two years as weak sentiment and rising fleet growth continued to bite. Read More »

B’nte joins Rickmers Group

AJOT | February 01, 2011 | Breakbulk & Projects

Frank B'nte has joined the Management Board of the Rickmers Group as Chief Treasury and Risk Officer. Previously he was with HSH Nordbank AG, where he was latterly responsible for the bank's entire domestic shipping company business.

'Acting in concer Read More »

GAC and TransAtlantic sign agency agreement to support Arctic exploration

AJOT | February 01, 2011 | Breakbulk & Projects

GAC Norway has welcomed the TransAtlantic ice-breaking Anchor Handling Tug Supply (AHTS) 'Tor Viking II' to Hammerfest after its transit of the ice-bound North East Passage, under a new agency agreement that brings together two companies with plans for Ar Read More »

Leo Global Logistics manages shipments for refinery expansion & upgrading project plant

AJOT | February 01, 2011 | Breakbulk & Projects

Leo Global Logistics Co.,Ltd., a member of the WWPC in Thailand, recently moved 66 enormous packages which comprised of a soot blower, ducting support, drum platform, silencer support, wind box support and others refinery equipment. The shipment went fr Read More »

JAXPORT confirms plan to amend Hanjin Terminal timeline

AJOT | February 01, 2011 | Ports & Terminals

The Jacksonville Port Authority (JAXPORT) announced an amended timeline for construction of a new container terminal in North Jacksonville for Hanjin Shipping Co. of South Korea. The schedule adjustment will permit enough time for improvement of the Jacks Read More »

Fog, winds slow shipping at big oil port of Houston

AJOT | February 01, 2011 | Ports & Terminals

Fog and winds slowed ship traffic at the major oil port of Houston, creating twice the normal queue of vessels waiting to enter and leave, a U.S. Coast Guard spokesman said.

"We've got about twice the normal number of vessels waiting," the Coast Guard Read More »

DP World volumes up, CEO silent on asset sales

AJOT | February 01, 2011 | Ports & Terminals

DP World, the world's third-largest port operator, gave no clues on any new asset sale plans as it reported a rise in container shipping volumes for last year fuelled by growth in Asia, Australia and the Americas.

DP World, one of the more profitable Read More »

Konecranes’ third RTG delivery to Mexican terminal

AJOT | February 01, 2011 | Ports & Terminals

In November 2010, Konecranes received an order for three RTG (rubber tired gantry) cranes from Altamira Terminal Portuario (ATP Altamira) in Mexico. This is Konecranes’ third RTG delivery to ATP Altamira: when the recently ordered cranes have been deliver Read More »

Port Metro Vancouver Board elects Neeser as Chair

AJOT | February 01, 2011 | Ports & Terminals

Port Metro Vancouver (PMV) Board of Directors elected Craig Neeser as its incoming Chair effective March 1, 2011. Mr. Neeser joined the Port Metro Vancouver Board in August 2009, and is serving his first term of three years, ending August 30, 2012. He ser Read More »

Port Metro Vancouver delivers record breaking 2010

AJOT | February 01, 2011 | Ports & Terminals

Port Metro Vancouver has released its 2010 year-end results. In a busy year for Canada's Pacific Gateway, Port Metro Vancouver achieved record-breaking volumes in key sectors and a total tonnage increase of 16 per cent, delivering 118.4 million tons overa Read More »

Suez Canal Container Terminal upgrades terminal operating system

AJOT | February 01, 2011 | Ports & Terminals

With 12 super post-Panamax cranes, the most modern equipment, state-of-the-art technology and the most advanced operating procedures, the Suez Canal Container Terminal (SCCT) has become one of the best performing container terminals in the prestigious glo Read More »

Cargo disruptions choke Egypt ports

AJOT | February 01, 2011 | Ports & Terminals

Cargo operations at Egypt's Alexandria and Damietta ports have come to a virtual standstill as widespread unrest keeps key staff from work and throws the economy into turmoil, shipping sources said.

At least a million people rallied across Egypt clamo Read More »

Strong year end performance for the Port of Houston

AJOT | February 01, 2011 | Ports & Terminals

Chief Executive Officer Alec G. Dreyer reported to the Port Commission of the Port of Houston Authority at its January 25 meeting that December was a good month for the Port Authority in steel and containers, with improvements in other cargo categories as Read More »

Metro Ports promotes Johnson to VP Business Development

AJOT | February 01, 2011 | Ports & Terminals

Metro Ports, a holding of Nautilus International Holding Corp., recently announced the promotion of Brian Johnson to vice president of business development from director of strategic analysis and contracts.

In his new position, Johnson will focus mai Read More »