Concor may sell 51% in logistics parks

AJOT | January 11, 2011 | Breakbulk & Projects

State-run logistics firm Container Corporation of India (Concor) may hive off its upcoming logistics parks and offload up to 51 percent equity in each of them to a partner from among customers, landowners or logistics players, a senior executive said. Read More »

Australia floods close more coal mines, rail line

AJOT | January 11, 2011 | Breakbulk & Projects

Australia's flood-stricken coal sector suffered more setbacks as monsoon rains flooded out another rail line and forced more collieries to close.

New Hope Corp -- until now untouched by the flooding that affected the operations of more than 40 coal mi Read More »

QualaWash purchases PSC Container

AJOT | January 11, 2011 | Breakbulk & Projects

QualaWash Holdings, LLC, the largest independently owned provider of services for commercial and industrial portable liquid and dry bulk containers in North America, announced it has signed a definitive stock purchase agreement with PSC to acquire 100 per Read More »

Freight futures volume unchanged in 2010 at around 1.2 mlllion

AJOT | January 11, 2011 | Breakbulk & Projects

The volume of freight derivatives traded for dry bulk commodities in 2010 was estimated at around 1.2 million lots, near the same level as the previous year, broker SSY Futures Ltd. said.

The freight forward agreement (FFA) dry commodities market has Read More »

Project Professionals Group starts year strongly

AJOT | January 11, 2011 | Breakbulk & Projects

Heavy-lift freight forwarding network the Project Professionals Group has started the new year strongly with the appointment of two new Project Support Members and one project forwarder.

PPG general manger Kevin Stephens said Super Rack was the new Pr Read More »

Baltic index stays pressured, ships supply builds

AJOT | January 11, 2011 | Breakbulk & Projects

The Baltic Exchange's main sea freight index which tracks rates to ship dry commodities is at a 20 month low as growing vessel supply hit sentiment.

Brokers said floods in Australia continued to disrupt coal shipments, compounding pressure from growin Read More »

Albacor Shipping cross US states with heavy transformer

AJOT | January 11, 2011 | Breakbulk & Projects

Albacor Shipping USA, a member of the Worldwide Project Consortium WWPC, through their Los Angeles branch, handled the transport of one transformer, 19'9' L x 12'4' W x 15'1' H and weighing 368,172 lbs. from the Port of Houston to Tempe, AZ. The transform Read More »

China Communications to build Sri. Lanka port expansion

AJOT | January 11, 2011 | Ports & Terminals

China Communications Construction Company has been given an $810 million contract to build the second phase of Sri Lanka's new port, the ports authority said.

Hambantota, which opened in November, is set to be Sri Lanka's biggest port once completed Read More »

Long Beach Board approves expansion of Clean Trucks Program

AJOT | January 11, 2011 | Ports & Terminals

The Long Beach Board of Harbor Commissioners approved the inclusion of smaller 'Class 7' trucks to the landmark Clean Trucks Program and penalties for "dray-offs" - the practice of switching cargo from a “clean” to a “dirty” - within the Harbor District. Read More »

Maryland environmental restoration project wins another national award

AJOT | January 11, 2011 | Ports & Terminals

The Maryland Port Administration’s (MPA) Masonville Cove Environmental Restoration Project has received a Special Recognition award by the Coastal America Partnership. The award recognizes the efforts to transform one of Baltimore Harbor’s most contamina Read More »

New RoRo processing facility to open in Port Jurong, Singapore

AJOT | January 11, 2011 | Ports & Terminals

New Processing Center in Singapore Caters to Heavy Equipment Manufacturers
This past month, Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics provider, signed a long term lease agreement with Singapore’s Jurong Port to Read More »

Shanghai says becomes world’s busiest container port

AJOT | January 11, 2011 | Ports & Terminals

Shanghai overtook Singapore as the world's busiest container port in 2010, helped by continuing growth in Chinese trade and the business generated by the World Expo it hosted last year, the city government said.

Shanghai's port handled 29.05 million t Read More »

Ships idle at Australia’s flood-hit coal port

AJOT | January 11, 2011 | Ports & Terminals

Australia's key coal port of Gladstone said devastating floods have left it so short of coal that a queue of ships waiting to load would likely be diverted elsewhere.

A deluge in Queensland state has flooded mines and damaged roads and railways, cutti Read More »

CN to launch EcoRide, the first environmentally friendly container chassis in the N. American interm

AJOT | January 11, 2011 | Intermodal

CN will launch EcoRide in April 2011. EcoRide is a new container chassis expected to reduce fuel consumption in CN's trucking of containers to and from its intermodal terminals by eight to 10 per cent. Read More »

Trans Eurasia Logistics and InterRail services GmbH enter into ‘Ostwind’ operations partnership

AJOT | January 11, 2011 | Intermodal

At the beginning of January, Trans Eurasia Logistics (TEL) took over transport services for the 'Ostwind' container block trains which run between Germany and the Commonwealth of Independent States (CIS). The company has established a common operations pl Read More »

Russia rail freight up 8.8% in 2010

AJOT | January 11, 2011 | Intermodal

Russian rail freight, a barometer for broad economic health in the vast country where trains are a key means of transport, rose 8.8 percent in 2010, broadly in line with expectations, Russian Railways said. Read More »

Union Pacific is on the right track in 2011

AJOT | January 11, 2011 | Intermodal

Union Pacific Corp , the third-largest U.S. railroad is poised to report one of its best years in its more than 140-year history, and could enjoy a stronger 2011 as the economy picks up, according to an article in Barron's.

With oil prices rising, mak Read More »

Train crash halts Dutch-German freight line

AJOT | January 11, 2011 | Intermodal

A collision between a passenger train with 146 people on board and an empty goods train in the east of the Netherlands halted rail transport on an important freight route to Germany. Police said the Germany-bound ICE international passenger train operated Read More »

Kazakhstan rail firm sees profit rise in 2011

AJOT | January 11, 2011 | Intermodal

Kazakhstan's state rail company, Kazakhstan Temir Zholy, expects a rise in net profits this year of at least 5.9 percent as it transports more goods across Central Asia's largest economy, the head of the company said. Read More »

East EU trade balances improve, Czech jobless jumps

AJOT | January 11, 2011 | International Trade

November trade data from Hungary, Romania and Slovakia beat market forecasts, but a jump in Czech unemployment and prices signalled the potential headwinds to growth for governments implementing austerity measures.

The data confirmed the trend of a do Read More »