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Hactl announces throughput for the first quarter of 2010

AJOT | April 18, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage throughput for March and the first quarter of 2010. A total of 244,087 tons were handled in March, representing a year-on-year growth of 30.8%. Tonnage throughput in the last week of Mar Read More »

INTTRA launches ocean freight electronic invoice presentment and payment with CMA CGM and . . .

AJOT | April 18, 2010 | Liner Shipping

As announced at Containerization International's Global Liner Shipping Conference, INTTRA, the leading global provider of e-commerce solutions to the ocean freight industry, confirmed the launching of the first ocean freight invoice transmitted via INTTRA Read More »

COSCO cautiously starts capacity restoration on CEN servive

AJOT | April 18, 2010 | Liner Shipping

COSCO Container Lines will restore capacity on their CEN service by bringing back six 7500 TEU vessels to replace the six current 5500 TEU vessels, starting April 24th; the phase in will be completed by the end of May. Along with restoring capacity on thi Read More »

OOIL says Q1 container shipping revenue up 18.9%

AJOT | April 18, 2010 | Liner Shipping

Orient Overseas (International) Ltd (OOIL) said revenue from its container shipping unit increased 18.9 percent in the first quarter of 2010 as global trade continued to recover. Read More »

‘K’ Line and Mitsui-OSK Line announce enhanced Asian service for Halifax

AJOT | April 18, 2010 | Liner Shipping

'K' Line, Hanjin Shipping, Yang Ming Line and COSCO Container Line, members of the CKYH Alliance, in cooperation with Mitsui O.S.K. Lines (MOL) will launch a Pearl River ' Southeast Asia ' Suez Canal express service in mid May with the Port of Halifax as Read More »

UASC Secures Multi-Currency Ship Financing of US$2

AJOT | April 18, 2010 | Liner Shipping

United Arab Shipping Company (UASC) has concluded a multi-currency US$275 million term loan facility on a 'club deal' basis. The funds have been secured to finance UASC's acquisition of three A13 type container vessel new buildings, each with a capacity o Read More »

PIL and Wan Hai resume Far East’Northern Europe service

AJOT | April 18, 2010 | Liner Shipping

The two container shipping companies PIL Pacific International Lines (Singapore) and Wan Hai Lines (Taiwan) have resumed operation of their FES scheduled container liner service from the Far East to northern Europe. Read More »

Maersk: 2010 freight rates at break-even at best

AJOT | April 18, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipping company, sees 2010 freight rates reaching break-even at best on the back of a slow recovery in demand, its chief operating officer said.

In presentation material for the 12th Global Liner Sh Read More »

MOL Announces Changes to Africa Trade Network

AJOT | April 18, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL, President: Akimitsu Ashida) announced changes in its services related to the Africa trade.
Aiming for more stable service and schedule integrity, Mozambique Zuid Africa Service (MZX) will cover Durban, which is currently c Read More »

Evergreen Marine to bolster box ship fleet

AJOT | April 18, 2010 | Liner Shipping

According to press reports, Taiwan's Evergreen Marine, the world's fourth largest shipping firm, said it plans to spend more than US$5 billion on newbuildings.
The company is planning on adding 100 container vessels to the group fleet of around 150 Read More »

Premium Article  Port of Albany gears up

George Lauriat | April 11, 2010 | Breakbulk & Projects | Ports & Terminals

In early February the MV Beluga SkySails called the Port of Albany to pick up a load of power generating equipment manufactured by General Electric (GE) in nearby Schenectady, New York. It was a significant call in a number of respects. In the first insta Read More »

Premium Article  Looking forward, Massport readies port for New England’s post-recession economy

George Lauriat | April 11, 2010 | International Trade | Ports & Terminals

“Objects in the rear view mirror may appear larger than they are.”

Financial pundits like former Federal Reserve Chief Alan Greenspan, Robert Hall, head honcho of the NBER’s (National Bureau of Economic Research) Business Cycle Dating Read More »

Premium Article  Rebuilding NE – Nova Scotia Marine Services

AJOT | April 11, 2010 | Liner Shipping | Ports & Terminals | Transport Intermediaries

Build it and the freight will come. John Hudson, President of Atlantic Maritime Transit Agency in Boston, is seeking to build a coalition of stakeholders to restore steamship service between New England and the Canadian Maritimes. The coalition made up of Read More »

Premium Article  NORAD invests in Quonset Point/Davisville

AJOT | April 11, 2010 | Ports & Terminals | Transport Intermediaries

North Atlantic Auto Distribution (NORAD) continues to make substantial investments at Quonset Point/Davisville. Mike Miranda, Owner and President of the company reports that business is much stronger this year. The company provides an array of services to Read More »

Premium Article  New York-New Jersey-New England Northeast is increasingly served by NYNJ

Peter Buxbaum | April 11, 2010 | International Trade | Liner Shipping | Ports & Terminals | Transport Intermediaries

United Liquors is an importer of alcoholic beverages headquartered in West Bridgewater, MA, distributing its products largely in Massachusetts, New Hampshire, and Vermont. The port of Boston is the closest and arguably most convenient port from which to d Read More »

Premium Article  Rail abandonment in Maine puts freight at risk

AJOT | April 11, 2010 | Intermodal

On February 5th 2010, the Montreal, Maine & Atlantic Railway (MMA) filed a "Notice of Intent " with the Surface Transportation Board (STB) to abandon certain of its lines in Maine. The notice, which is required by the STB, represented a preliminary step i Read More »

Premium Article  TIGER grant will expedite RI infrastructure improvements

AJOT | April 11, 2010 | Energy | International Trade | Ports & Terminals

In February, Rhode Island’s Governor Donald L. Carcieri announced that the Quonset Development Corporation (QDC), a subsidiary of the Rhode Island Economic Development Corporation (EDC) was awarded a $22.3 million Transportation Investment Generating Econ Read More »

Premium Article  Connecticut receives $40 Million for New-Haven-Hartford-Springfield Rail Corridor

AJOT | April 11, 2010 | Intermodal

Governor M. Jodi Rell announced that Connecticut has received $40 million in federal stimulus funding that will be used to add double-tracking to the New Haven-Hartford-Springfield rail line – the first step toward providing high-speed commuter rail servi Read More »

Premium Article  Multiple factors weigh on chemicals sector

Karen Thuermer | April 11, 2010 | International Trade

The chemicals industry has long been regarded stodgy, outmoded, and heavily weighed down by regulations and massive factories that limit its ability to act nimbly to market conditions.

By Karen E. Thuermer, AJOT Read More »

Shippers may gain from quarterly ore price switch

AJOT | April 11, 2010 | Breakbulk & Projects

A switch by major miners to quarterly pricing of iron ore contracts is likely to lift rates in the short-term for larger capesize ships with volatile freight activity expected, brokers and analysts said.
Rio Tinto became the latest miner on Friday Read More »

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