Chinamax ships seen carrying India coal in few years

AJOT | March 13, 2011 | Breakbulk & Projects

Giant 400,000-ton dry bulk carriers being introduced by Brazilian miner Vale for iron ore could be used for coal in the next few years, India's biggest trader Adani and coal shipping companies said.

The 400,000-ton so-called Chinamax vessels are being Read More »

WWL unveils processing center at Port of Galveston

AJOT | March 13, 2011 | Ports & Terminals

Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics provider, has opened a heavy equipment processing facility at the Port of Galveston. This is one of 11 high and heavy processing facilities operated by WWL, serving the processing nee Read More »

Fire in Rotterdam port under control

AJOT | March 13, 2011 | Ports & Terminals

A fire in Rotterdam's port, Europe's largest for the import of crude oil, was under control and posed no threat to surrounding facilities or factories, Dutch police authorities said. Read More »

Maersk’s new Latin American service calls on Port of Savannah

AJOT | March 13, 2011 | Ports & Terminals

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced that Maersk has added the Port of Savannah to its newest all-water service, Spondylus. Named for the seashell that once was used as currency for trade by Andeans in Ecuador, the Read More »

US March retail container traffic seen up 11%

AJOT | March 13, 2011 | Ports & Terminals

Major U.S. retail container ports should see import cargo volume climb 11 percent in March, a monthly report by Global Port Tracker showed, in yet another sign that the U.S. economy is gaining strength.

The report, released by the National Retail Fede Read More »

New shipping line provides weekly link between Hamburg and the east coast of South America

AJOT | March 13, 2011 | Ports & Terminals

On March 6th, 2011, the container ship HANJIN CHENNAI docked in the Port of Hamburg for the first time within the scope of the new joint service shared by HANJIN, UASC, COSCO and CCNI between Northern Europe and the east coast of South America. Read More »

Sanctions kill off Libya’s vital shipping trade

AJOT | March 13, 2011 | Ports & Terminals

Western sanctions on Libya's government are already hurting shipping, and a virtual shutdown of its vital seaborne trade is on the cards as companies fear falling foul of the measures, shipping sources said.

Intense fighting between forces loyal to Li Read More »

India’s BPCL to cut oil loading at port for construction work

AJOT | March 13, 2011 | Ports & Terminals

Oil operations for India's state-controlled Bharat Petroleum Corp. will be disrupted for three days this month at the port of Jawaharlal Nehru due to planned construction work, shipping and logistics firm GAC said.

BPCL will restrict operations at its Read More »

ICTSI wins 30-year port concession in Croatia

AJOT | March 13, 2011 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) recently won a 30-year contract for the management, operations and development of a container terminal in the Port of Rijeka, Croatia's principal seaport. Read More »

Hutchison Port Holdings’ $5.8 bilion IPO oversubscribed

AJOT | March 13, 2011 | Ports & Terminals

Bankers are bringing an early close to the institutional book of Hong Kong tycoon Li Ka-shing's $5.8 billion ports unit's initial public offering in Singapore because it is oversubscribed, sources said.

Hutchison Port Holdings Trust, a unit of Li Ka-s Read More »

Guinea annuls port deal with France’s Getma

AJOT | March 13, 2011 | Ports & Terminals

Guinea's new president Alpha Conde has annulled an accord with France's Getma International to manage and expand a container port in the capital Conakry, according to a decree read out on state radio.

Getma International, a unit of the French transpor Read More »

ICTSI full year 2010 net income up 79% to US$98.3 million

AJOT | March 13, 2011 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) reported consolidated audited financial results for the year ended December 31, 2010 posting full-year revenue from port operations of US$527.1 million, an increase of 25 percent over the US$421.7 mi Read More »

Ship Philly First markets the Port of Philadelphia around the world

AJOT | March 13, 2011 | Ports & Terminals

More than a dozen companies involved in operating and servicing the Port of Philadelphia have joined together to form Ship Philly First, an organization created to exclusively promote the port and its service providers both domestically and internationall Read More »

Bollore confirms $640 mlllion Lome port expansion plan

AJOT | March 13, 2011 | Ports & Terminals

French logistics group Bollore said it was to build a third quay at Lome port in Togo for a cost of 300 billion CFA francs ($640 million), with a target of doubling container traffic within five years.

The project was launched at a ceremony with group Read More »

Shanghai Port’s delayed Belgium port JV starts operations

AJOT | March 13, 2011 | Ports & Terminals

Shanghai International Port's (SIPG) joint venture with Belgium container terminal Zeebrugge has begun operations, a senior Chinese executive said, following a delay during an industry downturn.

"The project had been postponed previously, but the vent Read More »

Brazil sugar port delays to recur

AJOT | March 13, 2011 | Ports & Terminals

Delays to sugar loadings at Brazilian ports, which hampered shipments last year, are likely to recur as harvesting proceeds this year, a senior sugar industry executive said.

"We anticipate some port congestion this year given that demand (for Brazili Read More »

Port of Oakland advances trade partnership with major public port in China

AJOT | March 13, 2011 | Ports & Terminals

The Port of Oakland and China Merchants Holdings International (CMHI) jointly hosted “Blueprint for China’s Shipping and Logistics Growth,” at the Waterfront Hotel in Oakland’s Jack London Square this past Friday, March 4. This half-day symposium brought Read More »

Iraq plans to tender Faw port by year end-minister

AJOT | March 13, 2011 | Ports & Terminals

Iraq plans to float a tender for building a multibillion-dollar port south of Basra by the end of this year, its transportation minister said.

Iraq is in talks with investors from Australia, France, Germany, Italy and the UAE to help finance the proje Read More »

UAE’s Union Railway issues tenders ahead of mid-2011 build

AJOT | March 13, 2011 | Intermodal

Union Railway, which plans to begin construction on the United Arab Emirates' rail network in mid-2011, said it has issued tenders for rolling stock for the Western region railway.

The firm plans to complete an $11 billion, 1,500 km railway project ac Read More »

Growing China, India to drive container leasing companies

AJOT | March 13, 2011 | Intermodal

Dahlman Rose upgraded the container leasing industry to a "buy" rating from "hold," as rising demand across the world, shortage in supply and higher pricing trends bode well for companies in the sector.

"The growth of the consumer classes in China, Br Read More »