Goldenport eyes container ship acquisitions

AJOT | November 11, 2010 | Liner Shipping

Greek shipping group Goldenport Holdings will look at container ship acquisitions in the coming months, helped by an improving market and a war chest of over $150 million, its commercial director said.

Global turmoil in 2008 battered the container mar Read More »

China steel demand to face headwinds in 2011

AJOT | November 09, 2010 | Breakbulk & Projects

China's steelmakers face falling prices in the next few months as property market curbs begin to bite, in a trend that could spread to upstream sectors such as spot iron ore, coking coal and seaborne shipping rates.

After four years of double Read More »

Shipping faces tough year despite strong China demand

AJOT | November 09, 2010 | Breakbulk & Projects

China's expanding appetite for foreign iron ore, coal and grains will not be enough to lift the world's maritime industry out of its doldrums as it faces a flood of new vessels next year.

The global fleet of dry bulk carriers is expected to o Read More »

MOL adopts low-friction ship bottom paint on a new PCTC

AJOT | November 09, 2010 | Breakbulk & Projects

Mitsui O.S.K. Lines, Ltd. Has announced the adoption of the low-friction ship bottom paint named 'LF-Sea' developed by Nippon Paint Marine Coatings Co., Ltd. (headquarters: Kobe City, Hyogo; President: Nobuhiro Sasaki) on a new building PCTC(Pure Car and Read More »

Pakistan may nix port deal with PSA, China to benefit?

AJOT | November 09, 2010 | Ports & Terminals

The head of Pakistan's Baluchistan province pledged to challenge in the courts what he said was a "one-sided" deal with a Singapore company to run a strategic harbor in Gwadar port.

Authorities dismissed any notion that the port would be hand Read More »

China Merchants to buy Nigeria port operator stake

AJOT | November 09, 2010 | Ports & Terminals

China Merchants Holdings International has agreed to form a joint venture that will buy a 47.5 percent stake in a container-terminal operator in Nigeria from Israel's Zim Integrated Shipping for $154 million. Read More »

Pinto Steel Terminal handles first shipment of Brazilian made steel slab

AJOT | November 09, 2010 | Ports & Terminals

The Alabama State Port Authority offloaded through its Pinto Steel Terminal the first shipment of Brazilian made steel slab bound for the ThyssenKrupp Steel USA multi-billion dollar steel processing facility at Calvert, Ala. Just over 50,000 metric tons o Read More »

CN improves supply chain efficiencies for European vehicle imports

AJOT | November 09, 2010 | Ports & Terminals

CN said new supply chain efficiencies have reduced dwell times for European import vehicles handled by CN's Autoport Terminal in Halifax by approximately 25 per cent since implementation last spring.

The Autoport facility - one of the largest Read More »

Kalmar introduces new hydraulic hybrid drive terminal tractor

AJOT | November 09, 2010 | Ports & Terminals

As emission regulations grow stricter and the price of diesel fuel continues to rise, Cargotec is the first to launch a hydraulic hybrid drive terminal tractor offering customers improved performance, significant savings in fuel costs and even greater red Read More »

Transformer for St. Lucie Nuclear Power Plant arrives at Port of Palm Beach

AJOT | November 09, 2010 | Ports & Terminals

On November 4, the multipurpose ship BCC Delaware arrived at the Port of Palm Beach with a transformer for the St. Lucie Nuclear Power Plant. The transformer weights 489,000 lbs. is designed to replace an aging transformer currently in use at the nuclear Read More »

Old Dominion announces rate increase

AJOT | November 09, 2010 | Intermodal

Todd Polen, Vice President of Pricing for Old Dominion Freight Line, Inc., announced from the less-than-truckload carrier's Thomasville, N.C. headquarters that the organization would be increasing its base rates effective November 15, 2010 Read More »

Russia rail freight up 6.7% in October

AJOT | November 09, 2010 | Intermodal

Russian rail freight -- a key indicator of broader economic health -- rose 6.7 percent in October from a year ago, extending its recovery trend to a full 12 months. Read More »

Southeastern Freight Lines named LTL Carrier of the Year by Home Depot

AJOT | November 09, 2010 | Intermodal

Southeastern Freight Lines, a leader in regional less-than-truckload (LTL) transportation services, has been named LTL Carrier of the Year for 2010 by The Home Depot', the nation's largest home improvement retailer. Read More »

Transnet mulls more iron ore line expansion

AJOT | November 09, 2010 | Intermodal

South African logistics group Transnet said it was studying an expansion of its ore export line to transport up to 80 million tonnes of iron ore and 12 million tons of manganese per year.

Transnet Freight Rail (TFR), the group's freight unit, Read More »

Fesco buys into TransContainer for $139 mllion

AJOT | November 09, 2010 | Intermodal

Russian shipping company FESCO said it paid $138.5 million for 12.5 percent of Russian Railways unit TransContainer during the rail group's initial public offering. Read More »

Swift Holdings raises max value of IPO by 43.8%

AJOT | November 09, 2010 | Intermodal

Swift Holdings Corp, the largest truckload carrier in North America, raised the maximum size of its initial public offering by 43.8 percent.

The company now plans to raise a maximum of just over $1 billion, it said in a regulatory filing. It Read More »

TransContainer prices IPO at bottom of range

AJOT | November 09, 2010 | Intermodal

State-owned Russian Railways unit TransContainer priced its IPO near the bottom of the range to raise $400 million in London and Moscow, giving investors exposure to its vast rail network.

TransContainer , which counts aluminium giant UC RUSA Read More »

Growth in intra-Asia trade to drive freight-industry execs

AJOT | November 09, 2010 | International Trade

Intra-Asia trade will be the lynchpin for the global shipping industry in the near term as the West slowly recovers from the financial crisis, senior maritime executives.

Led by growing consumer consumption in China and India, intra-Asia trad Read More »

Germany’s Merkel warns on protectionism

AJOT | November 09, 2010 | International Trade

A return to trade protectionism is the greatest danger facing the global economy, German Chancellor Angela Merkel was quoted as saying. Read More »

EU should be flexible to reach trade deal with Gulf

AJOT | November 09, 2010 | International Trade

Gulf Arab oil producing countries would sign a long-delayed free trade agreement with the European Union immediately if the bloc shows flexibility over export duties, a Gulf Cooperation Council official said.

Both camps started negotiating a Read More »