Volga-Dnepr Group’s President says continuing to develop airport infrastructure

AJOT | October 24, 2010 | Air Cargo

Russia's fast-growing air cargo industry will play an increasingly important role in helping to develop a thriving economy as long as the country continues to develop its airport infrastructure to manage the growth in throughput, Volga-Dnepr Group's Presi Read More »

Glasgow Prestwick airlifts urgently needed crane to Abu Dhabi

AJOT | October 24, 2010 | Air Cargo

Glasgow Prestwick Airport Freight has just handled an unusual heavy lift for engineering and crane specialist Sparrows - a 120ft, 55-tonne monster crane bound for Abu Dhabi.

It was transported by another heavyweight - an Antonov 124, the worl Read More »

UPS sees slow economic growth ahead

AJOT | October 24, 2010 | Air Cargo

United Parcel Service Inc , the world's largest package delivery company, has become more cautious heading into one of its busiest periods -- the U.S. holiday shopping season.

November and December are a peak period for UPS and its main rival Read More »

DHL Express USA expands its International capabilities

AJOT | October 24, 2010 | Air Cargo

After successfully rebuilding its business to focus exclusively on its core international shipping competencies, DHL Express, the world's leading express and logistics company, is now focusing on targeted growth as it announces the launch of an entirely n Read More »

WFS is first ground handler in Paris to enter the IATA’s ISAGO registry

AJOT | October 24, 2010 | Air Cargo

Worldwide Flight Services (WFS) is the first ground handling company in Paris to enter the IATA Safety Audit for Ground Operations (ISAGO) registry.
WFS was awarded the ISAGO registration on September 26th following the successful completion of its Read More »

Garuda Indonesia to regain foothold in European air cargo market after flights resume

AJOT | October 24, 2010 | Air Cargo

Returning after a six-year gap in operations, Indonesia's national airline, Garuda Indonesia, has been quick to reestablish its foothold in the European air cargo market with the help of its GSA partner, European Cargo Services (ECS). Read More »

BA, Air France face cargo cartel fines

AJOT | October 24, 2010 | Air Cargo

British Airways (BA), Air France-KLM, and SAS are among several airlines set to be fined by European Union (EU) antitrust regulators next month for fixing cargo prices, several sources said.

The European Commission charged the carriers in Dec Read More »

Evergreen’s Hsieh says Intra-Asia trade may outpace TransPacific and Asia-Europe

AJOT | October 24, 2010 | Liner Shipping

Bronson Hsieh, Chairman of Evergreen Marine Corporation (Taiwan) t said: "Intra-Asia trade will be the focal point of container shipping industry in the future."

He said: "Our company anticipates that the intra-Asia market will continue to be Read More »

Best Buy names APL its Ocean Carrier of the Year

AJOT | October 24, 2010 | Liner Shipping

International consumer electronics retailer Best Buy has named APL its Ocean Carrier of the year for 2010. A leading global container carrier, Singapore-based APL was honored at a Best Buy logistics conference here recently. Read More »

Vietnam: a new direct call for CMA CGM

AJOT | October 24, 2010 | Liner Shipping

In order to provide its customers with optimum service and unique port coverage between Asia and Europe, CMA CGM is pleased to announce the introduction of a new direct call to Vietnam on the FAL3 service: Asia - Northern Europe as of November 9th, 2010. Read More »

Maersk sets Brazil port surcharge due to low Amazon

AJOT | October 24, 2010 | Liner Shipping

The world's biggest container shipping company, Maersk Line, said unusually low water in the Amazon was disrupting cargo traffic and it was putting a surcharge on shipments to the Brazilian port of Manaus. Read More »

The largest CMA CGM vessel ever to serve Canada makes maiden call in Vancouver

AJOT | October 24, 2010 | Liner Shipping

The largest CMA CGM vessel ever to call at a Canadian port, the 8,500-TEU CMA CGM FIGARO, arrived recently in Vancouver. On this occasion a ceremony in the presence of the Port Authorities will be held tomorrow onboard the vessel. Read More »

NOL’s Q3 profit beats forecasts

AJOT | October 24, 2010 | Liner Shipping

Neptune Orient Lines (NOL) , the world's fifth largest container shipping firm, reported better than expected third quarter profit, rebounding from a loss a year ago thanks to a recovery in cargo volumes and rates.

The company, around two-thi Read More »

Horizon Lines reports 3rd-quarter financial results

AJOT | October 24, 2010 | Liner Shipping

Horizon Lines, Inc. reported financial results for its fiscal third quarter ended September 19, 2010.

On a GAAP basis, third-quarter net income was $7.7 million, or $0.25 per diluted share, compared with $8.4 million, or $0.27 per diluted sha Read More »

Maersk Line to idle 10% of Asia-Europe service

AJOT | October 24, 2010 | Liner Shipping

The world's biggest container shipping company, Maersk Line, said it would suspend about 10 percent of its Asia-Europe service to adjust to weaker demand after the peak season.

Maersk Line, a unit of Danish shipping and oil group A.P. Moller- Read More »

DP World wins deal to expand terminal at Egypt port

AJOT | October 14, 2010 | Ports & Terminals

DP World has won a concession to double the size of its container operations at Sokhna Port on Egypt's Red Sea coast, the company said in a statement.

Sokhna, near the southern end of the Suez Canal, is Cairo's main port for cargo from the Fa Read More »

APM Terminals signs Monrovia concession

AJOT | October 14, 2010 | Ports & Terminals

APM Terminals has signed a 25-year concession agreement for the operation of the Port of Monrovia in Liberia, having been named the preferred bidder for the port management and modernization project last March. The now formalized agreement for the port’s Read More »

Congested Asian ports struggle to sate Chinese demand

AJOT | October 14, 2010 | Ports & Terminals

Australia, India and Indonesia are under the gun to expand port capacity so exporters can cash in on China's commodities boom or face losing billions of dollars in business to other markets.

China, already the top iron ore importer and coal u Read More »

Henry named Maritime Person of the Year by the International Propeller Club

AJOT | October 14, 2010 | Ports & Terminals

The International Propeller Club of the United States named James L. Henry the Maritime Person of the Year at its international convention in Tampa, Fla. Henry is Chairman and President of the Transportation Institute, a leading maritime industry associa Read More »

Lanier re-appointed to Port Commission of the Port of Houston Authority

AJOT | October 14, 2010 | Ports & Terminals

The Port of Houston Authority announced that Elyse Lanier has been re-appointed to serve as a member of the Port Commission, its governing body. The vote on October 12 by the Harris County Commissioners Court was unanimous. Commissioner Lanier was initial Read More »