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 »

US senators urge pressure on China over rare earths

AJOT | March 14, 2011 | International Trade

Two U.S. senators urged President Barack Obama's administration "to step up its fight against China's hoarding of critical rare earth elements" by blocking funding for Chinese mining projects.

Democratic senators Charles Schumer and Debbie Stabenow sa Read More »

WTO top court backs China in US duties dispute

AJOT | March 14, 2011 | International Trade

The World Trade Organization's top court upheld some Chinese objections to a ruling that had backed the right of the United States to impose extra duties on Chinese goods that Washington said were unfairly priced and subsidized.

In particular, the app Read More »

Asia to test Japan food imports for radiation

AJOT | March 14, 2011 | International Trade

South Korea, Hong Kong, Singapore and the Philippines will test Japanese food imports for radiation, officials said, and other countries may also step up monitoring as Japan tries to contain a nuclear crisis.

"As far as radiation is concerned, I think Read More »

Evergreen integrating group’s resources to assist Japan’s rescue efforts for earthquake and Tsunami

AJOT | March 14, 2011 | Liner Shipping

Evergreen Group announced that the Group Chairman Dr. Yung-fa Chang has instructed that the Group's resources including but not limited to the marine and aviation business be used to assist the rescue work for the unspeakable tragedy of earthquake and Tsu Read More »

Post-quake situation concerning MOL-operated vessels

AJOT | March 14, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. reported that we are still gathering data concerning MOL-operated vessels that may have been affected by the Tohoku district - off the Pacific Ocean earthquake, but neither the quake itself nor the resultant tsunami caused any si Read More »

Support for victims of the Tohoku district - off the Pacific Ocean earthquake

AJOT | March 14, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. reported that MOL has begun the following support activities to help victims of the quake and to help restore their homes and cities.

  • MOL has decided to donate 50 million to help support and rescue victims of the quake Read More »

Diana Containerships announces direct continuation of time charter agreement with A.P. Moller-Maersk

AJOT | March 14, 2011 | Liner Shipping

Diana Containerships, Inc. a global shipping company specializing in the transportation of containers, announced that it has entered into a time charter contract with A.P. Moller-Maersk A/S for one of its container vessels, the m/v Sagitta, for a period o Read More »

Maersk suspends service to 3 Japan ports

AJOT | March 14, 2011 | Liner Shipping

Maersk Line, has suspended service to three tsunami-hit Japanese ports, it said.

Maersk Line, a unit of Danish shipping and oil group A.P. Moller-Maersk, said in a weekly news bulletin that it suspended service to Sendai, Onahama and Hachinohe. Read More »

CMA CGM takes action for Japan

AJOT | March 14, 2011 | Liner Shipping

Following the earthquake and tsunami that have severely hit Japan, CMA CGM takes action to support its teams on site and help in the delivery of emergency assistance.

CMA CGM Group has set up an Emergency and Communication Response Team that is closel Read More »

GAC helps deliver Goliath crane to Rosyth

AJOT | March 13, 2011 | Breakbulk & Projects

It took meticulous handling and perfect timing to sail the Goliath crane beneath the Forth Bridge on its way to Rosyth shipyard last week. But thanks to careful coordination by GAC Shipping UK's Leith office acting as port agent with all the parties invol Read More »

Trans Ocean receives HACCP certification for manufacturing

AJOT | March 13, 2011 | Breakbulk & Projects

Trans Ocean Liquid Technologies (TOLT), global leader in the manufacture of flexitanks, announced that its manufacturing plant in Malaysia has gained HACCP certification.

Hazard Analysis Critical Control Point (HACCP) is a systematic preventive approa Read More »

Clarkson profit up on dry bulk volumes; upbeat on ‘11

AJOT | March 13, 2011 | Breakbulk & Projects

Britain's leading ship broker Clarkson Plc reported a better-than-expected profit, driven by a recovery in dry bulk volumes and said it gained from higher trading volumes in the first few weeks of 2011 despite volatile freight rates.

Freight rates are Read More »