South Korea Q2 exports seen weighed down by uncertainty

AJOT | March 28, 2011 | International Trade

As uncertainties driven by high oil prices and Japan's devastating earthquake raise anxiety, South Korean exporters see their businesses turn bearish in the second quarter, private sector data showed.

The findings by the country's top association of f Read More »

UPS, Fedex add direct Asia air freight flights

AJOT | March 28, 2011 | Air Cargo

Package delivery companies United Parcel Service and FedEx added freight flights to Asia, tapping into growth in Asia shipments.

UPS said it began direct next-day delivery from Hong Kong to Europe and could expand between Europe and other parts of Asi Read More »

Lone Star Overnight celebrates 20th Anniversary

AJOT | March 28, 2011 | Air Cargo

Lone Star Overnight (LSO) opened its doors for business, servicing just a handful of metropolitan areas and transporting seven packages on its first day of operation. In the 20 years since that humble beginning, the Austin, Texas-based regional overnight Read More »

AirBridgeCargo Airlines wins ‘Wings of Russia’ national award

AJOT | March 28, 2011 | Air Cargo

AirBridgeCargo Airlines (ABC) has won the 'Wings of Russia' national aviation award for the third year in a row for 'Cargo Airline of the Year on Domestic and International Routes.'

More than 600 guests, including top executives of most Russian airlin Read More »

bmi Cargo selects Descartes for EU Customs security filings

AJOT | March 28, 2011 | Air Cargo

Descartes Systems Group announced that bmi Cargo has selected Descartes' Global Filer to support compliance with European safety and security regulations on advanced entry declarations to the EU's Import Control System (ICS).

Global Filer is part of D Read More »

Mideast unrest hits air traffic growth in February

AJOT | March 28, 2011 | Air Cargo

Growing unrest in the Middle East and North Africa stifled air passenger traffic in February, reducing growth sharply from January levels, International Air Transport Association figures showed.

Air freight -- an important measure of world trade -- wa Read More »

Japan shipper mulls future of vessel with

AJOT | March 28, 2011 | Liner Shipping

Mitsui O.S.K. Lines has not yet decided what it will do with its container ship when it returns to Japan, a company official said, after China rejected the vessel for "abnormal" radiation levels.

The MOL Presence is the first ship barred from unloadin Read More »

China COSCO posts H2 profit, slightly above forecasts

AJOT | March 28, 2011 | Liner Shipping

China COSCO Holdings Co Ltd., the country's top shipping conglomerate, a net profit in the second half of 2010, reversing year ago losses as the shipping market regained strength amid a global economic recovery. Read More »

Darka for Trading & Services gets heavy cargo delivered in Sudan

AJOT | March 24, 2011 | Breakbulk & Projects

Darka for Trading & Services Co., Ltd, a member of the Worldwide Project Consortium WWPC, recently the handled and delivered heavy machinery from Port Sudan to Abuhebeira (Wjite Nile State in central Sudan)- Read More »

PD Ports and Rickmers-Linie find mining Joy at Teesport

AJOT | March 24, 2011 | Breakbulk & Projects

Teesport was temporarily transformed into a scene resembling a science fiction film earlier this month when more than 180 futuristic-looking mine arches, each weighing in excess of 27 tonnes, were loaded onto a Rickmers-Linie vessel bound for China. Read More »

Eagle Bulk Shipping reaches agreement with Korea Lines

AJOT | March 24, 2011 | Breakbulk & Projects

Eagle Bulk Shipping Inc. announced that it has reached a comprehensive agreement with the Receivers of Korea Line Corporation ("KLC") regarding twelve time-chartered vessels impacted by KLC's decision to file for protective receivership earlier this year. Read More »

Intermarine revises BSC

AJOT | March 24, 2011 | Breakbulk & Projects

Intermarine, the agent for Industrial Maritime Carriers and West Coast Industrial Express announces that the carriers will revise the bunker surcharges on all their services to/from South America, Mexico and the Caribbean effective May 6, 2010. Read More »

Capesizes to ease on Japan uncertainty, weak China demand

AJOT | March 24, 2011 | Breakbulk & Projects

Rates for capesize carriers on key Asian freight routes are expected to ease due to weak Chinese iron ore demand and uncertainty over Japan's import needs in the wake of this month's devastating earthquake.

For the panamax and supramax market, rates Read More »

Japan’s rebuilding to offer little to distressed freight market

AJOT | March 24, 2011 | Breakbulk & Projects

Japan's reconstruction efforts will do little to boost global freight rates near two-year lows as fleet expansion overshadows any demand surge from the world's third-largest economy.

The benchmark index for seaborne trade, an indicator of world econom Read More »

MOL ferry helps transport JSDF personnel, vehicles

AJOT | March 24, 2011 | Breakbulk & Projects

Mitsui O.S.K. Lines, Ltd. reported that MOL Ferry Co., Ltd., a MOL Group company, transported about 2,700 Japan Self-Defense Forces (JSDF) personnel and about 930 emergency vehicles from Tomakomai in Hokkaido to Aomori, the capital of Aomori prefecture, o Read More »

32,000-pound gas turbine ships through Savannah’s Ocean Terminal

AJOT | March 24, 2011 | Ports & Terminals

Last week, a more than 332,000-pound gas turbine was offloaded shipside directly onto a super trailer at the Georgia Ports Authority’s (GPA) Ocean Terminal. This oversized or “project cargo” was one of five heavy-lift pieces in the shipment that also incl Read More »

Japan seeks to ease radiation fears in shipping community

AJOT | March 24, 2011 | Ports & Terminals

Japan's transport ministry sought to ease growing fears among global shipping lines on the safety and insurance issues of operating in Tokyo Bay, saying radiation at the country's largest ports were at "very safe" levels.

At least two German shipping Read More »

Good results for Port of Rotterdam Authority important for investments

AJOT | March 24, 2011 | Ports & Terminals

The Port Authority’s results for 2010 amount to € 154 million. That is € 10 million more than the results for 2009, excluding the one-off proceeds of a sale during that year. The increase in the results is thanks, among other things, to the strong recover Read More »

Tanzania container traffic seen up 10% in 2011

AJOT | March 24, 2011 | Ports & Terminals

Container volumes handled by Tanzania's Dar es Salaam port are expected to rise by 10 percent this year after the port operator invested in new cargo handling equipment.

Tanzania International Container Terminal Services (TICTS), a unit of Hutchison P Read More »

Hutchison Port may see weak debut, hurt by Japan woes

AJOT | March 24, 2011 | Ports & Terminals

Hong Kong billionaire Li Ka-shing's Hutchison Port Holdings Trust's $5.5 billion initial public offering is expected to make a weak debut in Singapore, as ongoing concerns about Japan's nuclear crisis spook global markets.

Hutchison Port, a unit of Hu Read More »