Incheon and Schiphol join hands in e-freight drive

AJOT | March 13, 2011 | Air Cargo

Amsterdam Airport Schiphol and Korea's Incheon International Airport have today signed a Memorandum of Understanding (MoU), in which the two major cargo gateways will cooperate in the promotion of 'e-freight' (paperless air cargo transportation) as a mean Read More »

Cathay Pacific posts record profit but oil a 2011 risk

AJOT | March 13, 2011 | Air Cargo

Cathay Pacific Airways, Asia's No.5 carrier by market value, said it bought 15 Airbus A330-300 and 10 Boeing 777-300ER aircraft in March with a combined catalogue price of about $6 billion. The order followed December's purchase of two Airbus A350-900 air Read More »

Maersk, Dubai to invest in Qingdao Port expansion

AJOT | March 13, 2011 | Liner Shipping

A.P. Moeller-Maersk and other foreign investors will invest in Qingdao Port Group's $4.6 billion expansion scheme in the next five years, a senior Chinese executive said.

Qingdao Port is joining Shanghai International Port (Group) Co (SIPG) and other Read More »

Evergreen Line will launch Intra-Asia new HBI route

AJOT | March 13, 2011 | Liner Shipping

Continuously optimistic about the Intra-Asia market development, Evergreen Line will launch a new ocean route from Northern China to Jakarta, which is called the HBI service, to provide prompt and convenient service between the regions. Read More »

Maersk Line zero SOx program prompts new fuel switch solution

AJOT | March 13, 2011 | Liner Shipping

As part of Maersk Line's drive to cut sulphur emissions from its fleet towards zero, the shipping line continues to expand on its fuel-switch implementations. Today the program is implemented in New Zealand.

Switching from bunker to low-sulphur fuel i Read More »

NSCSA signs new shipbuilding contracts for general cargo vessels

AJOT | March 13, 2011 | Liner Shipping

The National Shipping Company of Saudi Arabia (NSCSA) signed 4 shipbuilding contracts + 2 additional optional contracts, the 06th March, 2011 with Hyundai MIPO of South Korea. The contracts' value including the 2 optional contracts amounts to 1,543 Millio Read More »

NOL carries 5% more cargo in 6 weeks to Feb 11

AJOT | March 13, 2011 | Liner Shipping

Neptune Orient Lines (NOL) said its container shipping volumes for the six weeks to Feb 11 rose five percent from a year ago, helped by higher traffic on the intra-Asia and Asia-Europe routes.

NOL carried 321,600 forty-foot equivalent units (FEUs) dur Read More »

American Feeder Lines service to resurrect feeder ship services in the Northeast and beyond

AJOT | March 13, 2011 | Liner Shipping

Earlier this month, New York City-based American Feeder Lines announced that the company would launch a feeder ship service linking Boston, Portland, Maine and Halifax in the 2nd quarter of this year. The service is not a new idea. Services have come a Read More »

Crowley announces new service between the Dominican Republic, Puerto Rico & St. Thomas, USVI

AJOT | March 13, 2011 | Liner Shipping

Crowley Maritime Corporation's liner services group will launch a new Ro/Ro (Roll-on/Roll-off) liner cargo service March 17 between Santo Domingo, Dominican Republic; San Juan, Puerto Rico; and St. Thomas, USVI.

The fixed weekly schedule will not on Read More »

Hamburg S’d announces North America East Coast to Europe general rate increase

AJOT | March 13, 2011 | Liner Shipping

Hamburg S'd announced a General Rate Increase (GRI) to be applied on all cargo moving from the East Coast of the U.S.and Canada to Europe, effective April 15, 2011. Read More »

CMA CGM Group launches its eco-calculator

AJOT | March 13, 2011 | Liner Shipping

Measuring the environmental impact of their supply chain has become an increasingly important issue for many companies. To meet this demand, the CMA CGM Group will be making available to customers a new service starting in April 2011: the eco-calculator. Read More »

Horizon Lines successfully amends credit agreement

AJOT | March 13, 2011 | Liner Shipping

Horizon Lines, Inc. announced that it has entered into a credit agreement amendment with its lender group, effective March 9, 2011, providing the company with additional flexibility as it moves forward with its overall debt refinancing efforts.

The am Read More »

MOL Chairman Ashida delivers keynote speech at Japan Securities Summit in New York

AJOT | March 13, 2011 | Liner Shipping

Mitsui O.S.K. Lines announced that its Chairman Akimitsu Ashida delivered the keynote speech at the Japan Securities Summit in New York on March 1st, co-sponsored by the Japan Securities Dealers Association (JSDA) and the Securities Financial Markets Asso Read More »

Eagle Bulk Q4 tops estimates

AJOT | March 03, 2011 | Breakbulk & Projects

Eagle Bulk Shipping Inc posted higher-than-expected quarterly profit helped by higher fleet utilization rates, and the dry bulk carrier said it re-chartered its vessels that were hired by Korea Line Corp in the spot market.

Eagle Bulk said in January Read More »

Thoresen Thai under a cloud in 2011

AJOT | March 03, 2011 | Breakbulk & Projects

Thoresen Thai Agencies Pcl , Thailand's top dry bulk shipper, said its 2010/11 profit could be lower than market forecasts, hurt by falling freight rates.

The shipper, which has diversified in recent years when the shipping business was hit by a globa Read More »

Zepol releases “US Containerized Import Ports Report” for 2010

AJOT | March 03, 2011 | Ports & Terminals

Zepol Corporation, the leading trade intelligence company, announced the release of a report today analyzing the top 25 ports in the United States for containerized imports. This report provides detailed information for each port and compares trends to th Read More »

PSA said 2010 net profit up 21%

AJOT | March 03, 2011 | Ports & Terminals

Singapore port operator, PSA International, said its 2010 net profit rose 21 percent helped by recovery in global economic recovery and container shipping industry, but its chairman highlighted concerns about the slowdown in China.

The company, contro Read More »

Port of San Francisco issues request for interest for Pier 96 Bulk Cargo Marine Terminal

AJOT | March 03, 2011 | Ports & Terminals

The Port of San Francisco is soliciting interest from qualified respondents for developing and operating a bulk marine cargo handling terminal at the Port’s Pier 96. Read More »

Harwich International Port signs new wind deal

AJOT | March 03, 2011 | Ports & Terminals

Harwich International Port has announced a new contract with Aarsleff Bilfinger Berger Joint Venture (ABJV) to act as their UK installation port for Phase 1 of the London Array Offshore Wind Farm.

ABJV are the project’s installation contractor and wer Read More »

Port of NY/NJ 2010 stats

AJOT | March 03, 2011 | Ports & Terminals

During 2010, the Port of New York and New Jersey reported that total container traffic in the port was 5,292,020 loaded and empty TEUs (20-foot equivalent units), compared to 4,561,527 in 2009, up 16 percent. The number of TEUs is slightly below the 5,29 Read More »