NOL Group reports US$10 million first quarter net loss

AJOT | May 17, 2011 | Liner Shipping

NOL Group, the Singapore-based container shipping and logistics company, today reported a first quarter 2011 net loss of US$10 million compared to a net loss of US$98 million in the same period last year. Read More »

MOL raises Y55 million to assist rescue and relief efforts

AJOT | May 17, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. reported that it has donated a total of about \55 million to the Japan Red Cross Society and Central Community Chest for the Great East Japan Earthquake relief efforts. MOL raised the donation among MOL Group executives and emplo Read More »

EU watchdogs raid Maersk and other shippers

AJOT | May 17, 2011 | Liner Shipping

European Union regulators raided several liner shipping companies, including Danish group A.P. Moller-Maersk, on suspicion of price fixing, the Commission and Maersk said. Read More »

ACL to transport The Royal Shakespeare Company’s latest production for New York’s Lincoln Center…

AJOT | May 17, 2011 | Liner Shipping

Atlantic Container Line, an international transportation leader, is set to move The Royal Shakespeare Company's 90 containers of theatrical equipment and staging from Liverpool, U.K.to New York City. In this rare U.S. appearance, the Company's six-week Read More »

Diana Shipping eyes more vessel purchases

AJOT | May 12, 2011 | Breakbulk & Projects

Greek drybulk carrier Diana Shipping Inc said it is close to buying a vessel and is looking to add more to its fleet as slack demand and ship over supply has lowered asset prices.

Too many ships and a fragile global economy has skewed the demand-suppl Read More »

US to be a top coal exporter again

AJOT | May 12, 2011 | Breakbulk & Projects

The United States could vault back into the top rank of coal exporters for good this year thanks to Asia's fuel demand -- just as surging gas output and tougher environmental laws threaten mainstay domestic sales.

Leading U.S. producers, with wallets Read More »

Norden faces tough dry cargo market in 2011

AJOT | May 12, 2011 | Breakbulk & Projects

Danish shipper D/S Norden expects a challenging year in 2011 due to a difficult dry cargo market which contributed to a fall in first-quarter operating profits.

"The dry cargo market in the first quarter was exactly as difficult as one could have fear Read More »

Cargo ship with 24 Chinese onboard hijacked

AJOT | May 12, 2011 | Breakbulk & Projects

A bulk cargo ship with 24 Chinese on board was hijacked by seven pirates in the central Arabian Sea, Xinhua news agency reported, citing the China sea rescue center. Read More »

‘Unprecedented’ waterfront pact galvanizes Canada’s Pacific Gateway ambitions

AJOT | May 12, 2011 | Ports & Terminals

Talk about a sleeper. For many weeks this past winter and spring, the waterfront negotiations in British Columbia were going through the usual scenario of every three or four years - with continued deadlock forcing the entry of a federal mediator and port Read More »

Virginia ports going green

AJOT | May 12, 2011 | Ports & Terminals

The Virginia Port Authority (VPA) says that it has succeeded in reducing truck emissions in the port by 17% thanks to its green truck program initiated in 2009.

Heather Wood, director of environmental affairs for the VPA told the AJOT that the program Read More »

Kalmar celebrates delivery of 50,000th terminal tractor

AJOT | May 12, 2011 | Ports & Terminals

Back in 1958, when the first Ottawa terminal tractor was produced at a 30,000-square-foot plant amidst the fields of Kansas, the Interstate highway program and the modern age of intermodalism were each just two years old.

Since that time, the Kansas f Read More »

ACP signs partnership agreement with soy transportation coalition

AJOT | May 12, 2011 | Ports & Terminals

Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and Soy Transportation Coalition (STC) Chairman Ed Ulch signed a Memorandum of Understanding (MOU) to foster the growth of global commerce.

During a luncheon sponsored by the STC i Read More »

Container, breakbulk volumes increase at NC ports

AJOT | May 12, 2011 | Ports & Terminals

The NC State Ports Authority announced a 16 percent fiscal year-to-date growth in container volume at the Port of Wilmington. This is on the heels of 29 percent growth in fiscal year 2010. 
“The growth in container volume is a direct result of NC Po Read More »

Governor O’Malley announces Port of Baltimore bounces back with strong recovery in 2010

AJOT | May 12, 2011 | Ports & Terminals

Governor Martin O’Malley announced that the Port of Baltimore rebounded from a down 2009 calendar year caused by the economic downturn with a strong performance in calendar year 2010. In recently released maritime cargo statistics, the amount of foreign Read More »

ICTSI 1Q income up 25% to US$28.5 million

AJOT | May 12, 2011 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) yesterday reported consolidated unaudited financial results for the quarter ended 31 March 2011, posting revenue from port operations of US$154.9 million, an increase of 28 percent over the US$120.7 Read More »

Mundra Port earmarks 32 blllion rupees to grow across India

AJOT | May 12, 2011 | Ports & Terminals

Port operator Mundra Port and Special Economic Zone intends to invest as much as 32 billion rupees to expand port operations across India over the next two to three years, a senior official told Reuters.

The company, part of the diversified Adani grou Read More »

Mundra Port Q4 net jumps, sees 5-fold capacity rise

AJOT | May 12, 2011 | Ports & Terminals

Mundra Port and Special Economic Zone reported a 74 percent jump in the March quarter net profit as revenue rose on higher cargo and container volumes, and also forecast a five-fold growth in its port handling capacity by 2013.

India's largest private Read More »

NASSTRAC opposes port drayage owner-operator ban

AJOT | May 12, 2011 | Ports & Terminals

NASSTRAC, an industry association that represents the interests of freight shippers in all modes of transportation, has joined nearly 30 other industry associations in expressing its opposition to the AB 950 (Perez and Swanson) Port Drayage Owner-Operator Read More »

All commodities strong at the Port of Houston in March

AJOT | May 12, 2011 | Ports & Terminals

In his monthly report at the April 26 Port Commission meeting, Port of Houston Authority Chief Executive Officer Alec G. Dreyer said March was strong in all commodity categories, calling it the best month since he joined the Port Authority in September 20 Read More »

Kiel cargo handling rises by more than 25%

AJOT | May 12, 2011 | Ports & Terminals

Cargo handling in the Port of Kiel is gaining momentum again. In the first four months of this year about 2.2 million tons were handled, an increase of 25% over the same period of last year. The ferry lines in particular – to and from Scandinavia, Russia Read More »