Maersk seen rebounding to H1 profit

AJOT | August 15, 2010 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk is expected to report a rebound back into profits for the first half of 2010 from year-ago losses, a Reuters poll analysts showed.

The group, which owns the world's biggest container shipping c Read More »

ACL announces general rate increase on the North Atlantic

AJOT | August 15, 2010 | Liner Shipping

Atlantic Container Line sees the need for further rate improvement in the Transatlantic Container sector of their product and as such announces the following increase effective October 1, 2010 Read More »

NOL upbeat on growth after Q2 profit

AJOT | August 15, 2010 | Liner Shipping

Neptune Orient Lines (NOL), the world's fifth largest container shipping firm, reported its first profit in seven quarters and expects further improvement in earnings due to higher rates and volume. Read More »

Singapore’s SGX eyes container ship swap growth

AJOT | August 15, 2010 | Liner Shipping

Singapore Exchange , which recently launched clearing services for over-the-counter (OTC) container freight derivatives, is optimistic that the nascent market will grow over time, a senior SGX official said.

Last week SGX became the second cl Read More »

FuelWise’ option helps reduce gen set fuel consumption and emissions

AJOT | August 15, 2010 | Liner Shipping

New testing by Carrier Transicold suggests that the FuelWise' efficiency-boosting option for Carrier Transicold's PowerLINE' generator sets can help reduce fuel consumption by up to 37 percent. The trials demonstrate the potential impact for shipping comp Read More »

Wilhelmsen Ships Service moves 1500HP rig half way across the world

AJOT | August 09, 2010 | Breakbulk & Projects

In a dramatic demonstration of the global networking capabilities of Wilhelmsen Ships Service the company recently arranged transportation of an oil rig from Edmonton Canada, through the United States to Kuwait. The land based oil rig consisted of 3,675 c Read More »

WWL and ROLF SCS join forces for enhanced terminal services in Russia

AJOT | August 09, 2010 | Breakbulk & Projects

Wallenius Wilhelmsen Logistics, the leading independent provider of global factory-to-dealer transport logistics and ROLF SCS, the leading logistics business in Russia and part of the ROLF Group, Russia's leading automotive business, have confirmed that t Read More »

Brazil sugar industry sees port jams as one-off

AJOT | August 09, 2010 | Ports & Terminals

A senior Brazil sugar industry official rejected the notion that the country's congested ports needed to expand capacity to better handle export surges, saying current conditions were a one-time anomaly.

Unprecedented queues of vessels have d Read More »

Port of Quebec, terminals and CN work together to reduce Quebec City-Toronto transit

AJOT | August 09, 2010 | Ports & Terminals

The Port of Quebec, a terminal operator at the port, and CN announced a service arrangement that will reduce transit times for shipments destined to Toronto to 38 hours from 53 hours, an improvement of almost 30 per cent.

The improvement resu Read More »

Key figure of U.S. chemical demand rises

AJOT | August 09, 2010 | Intermodal

Chemical shipments on U.S. railroads rose 4.4 percent last week, the Association of American Railroads said.

Chemicals shipments on trains, called rail car loadings, are a measure of demand for products ranging from plastics to fertilizers. Read More »

Klinge Corp unveils new collapsible food storage bins ’ ideal storage solution for ISO containers

AJOT | August 09, 2010 | Intermodal

Transport refrigeration specialist Klinge Corporation has released their new collapsible storage bins for the transport and storage of perishable items. The Food Storage Bins, FSBs, are made of polypropylene and are extremely durable. The FSBs have passed Read More »

Coffee helps boost Ethiopia exports to $2 billion

AJOT | August 09, 2010 | International Trade

Resurgent coffee sales and diversification into other products lifted Ethiopia's exports to a record $2 billion in 2009/2010 from $1.5 billion in the previous year, the trade ministry told Reuters.

"Coffee has bounced back to $528 million thi Read More »

Solarfun plans to more than double US shipments in 2011

AJOT | August 09, 2010 | International Trade

Chinese photovoltaic cell maker Solarfun Power Holdings Co Ltd plans to more than double its shipments to the United States in 2011, as it expands its presence in North America. Read More »

MSC issues statement on Aug. 7th collision between MSC Chitra and Khalijia 3

AJOT | August 09, 2010 | Liner Shipping

A collision took place in the approaches to Mumbai at about 0935 hours local time on August 7, 2010, between the MSC container vessel MSC Chitra, and the bulk carrier Khalijia 3. MSC understands that the Khalijia 3 had recently been salvaged from a three Read More »

APL starts new direct US West Coast service at ICTSI Japanese terminal

AJOT | August 09, 2010 | Liner Shipping

Naha International Container Terminal, Inc. (NICTI), a subsidiary of International Container Terminal Services, Inc. (ICTSI) managing the international container terminal at the Port of Naha in Okinawa, Japan, welcomed a new US West Coast direct service b Read More »

Evergreen, OOCL and Simatech Shipping to launch Southeast Asia-Middle East Liner Service

AJOT | August 09, 2010 | Liner Shipping

Evergreen Line, Orient Overseas Container Line (OOCL) and Simatech Shipping have agreed to operate a new joint Southeast Asia-India-Middle East liner service beginning on August 20. Read More »

PRPA welcomes first Hyundai/Kia vessel to the Port of Philadelphia

AJOT | August 05, 2010 | Ports & Terminals

In what promises to be a busy month of August at the Packer Avenue Marine Terminal (PAMT), Philadelphia Regional Port Authority (PRPA) Chairman John H. Estey has hailed the arrival of the first of seven vessels scheduled to arrive this month, together exp Read More »

Six new cranes signal Massport’s move keep pace with long-term growth at container terminal

AJOT | August 05, 2010 | Ports & Terminals

The Massachusetts Port Authority (Massport) announced that Conley Container Terminal in South Boston is keeping pace with the Panama Canal expansion by acquiring a pair of pre-owned low-profile cranes and four rubber tired gantry yard cranes from the Port Read More »

Bidding opens for $350 million terminal in Chile port

AJOT | August 05, 2010 | Ports & Terminals

The operator of Chile's key Valparaiso port opened international bidding for the rights to build a second major terminal, which will require an investment of $350 million. Read More »

ICTSI 1H net income up 83% to US$42.4 million

AJOT | August 05, 2010 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) has reported consolidated unaudited financial results for the six months ended 30 June 2010, posting first half revenue from port operations of US$246.9 million, an increase of 31 percent over the US Read More »