Maersk sees bumper growth in Asia-Africa commods trade

AJOT | June 16, 2011 | Liner Shipping

Maersk Line, the world's top container shipping firm, sees double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year as demand for food commodities surges in frontier markets, an executive said.

Maersk, CMA CGM, Nippo Read More »

Eagle Bulk says suit filed against officers, directors

AJOT | June 14, 2011 | Breakbulk & Projects

Eagle Bulk Shipping Inc , a U.S. dry cargo transporter, said a lawsuit has been filed against certain of its present and former officers and directors alleging breach of fiduciary duty.

The New York City-headquartered company said the complaint involv Read More »

Change at the top at Rickmers-Linie in North America

AJOT | June 14, 2011 | Breakbulk & Projects


After eight years at the helm of Rickmers in the United States, Jerry Nagel has been appointed Chairman of the Board of Rickmers-Linie (America) Inc. In this position he will continue to participate and contribute with his experience to the activit Read More »

More ships at US ports

AJOT | June 14, 2011 | Ports & Terminals

A report released from the U.S. Maritime Administration shows more ships are stopping at U.S. ports. The stops, or vessel calls, rebounded by 13 percent in 2010, after an eight percent decline in 2009. Oceangoing vessel calls reflect waterborne trade be Read More »

Port Everglades moves toward public/private partnership with FEC for rail to transport cargo

AJOT | June 14, 2011 | Ports & Terminals

The Broward County Board of County Commissioners unanimously approved action authorizing the Port Everglades Department staff to negotiate a Memorandum of Understanding (MOU) with the Florida East Coast Railway Read More »

Portek says yet to decide on ICTSI takeover offer

AJOT | June 14, 2011 | Ports & Terminals

The head of Singapore's port operator Portek International said the company has not yet decided on a takeover bid from the Philippines' International Container Terminal Services Inc (ICTSI) .

ICTSI has offered S$1.20 for each Portek share, valuing the Read More »

Congestion hits Thai ports, sugar exports still flow

AJOT | June 14, 2011 | Ports & Terminals

Congestion in Thai ports and problems with river transportation forced trading houses to find alternative routes to ship sugar, allaying fears of a build up in stocks as domestic output hits record this year, industry sources said.

Cargo clearance at Read More »

Lease agreement with PNCT and MSC guarantees increased cargo volume port-wide

AJOT | June 14, 2011 | Ports & Terminals

The Port Authority Board of Commissioners approved a restructured lease with Port Newark Container Terminal (PNCT) that will provide $500 million in private capital investment to upgrade the existing facility into a state-of-the-art terminal. The restruc Read More »

India’s Mundra Port boosts coal imports, plans LNG expansion

AJOT | June 14, 2011 | Ports & Terminals

India's Mundra Port, the country's largest private port, expects to import 40 percent more coal this year and open a liquefied natural gas terminal by 2015 to meet the growing power demands of Asia's third largest economy.

Mundra will handle more than Read More »

Port signs lease with Sapa Extrusions

AJOT | June 14, 2011 | Ports & Terminals

The Port of Vancouver announced the signing of a long-term lease with Sapa Extrusions, North America‚Äôs largest provider of extruded aluminum profiles, for a 142,800 square foot building located at 2001 Kototbuki Way. The 15-year lease, with two five-year Read More »

South Korea’s main port to handle 15% more cargo this year

AJOT | June 14, 2011 | Ports & Terminals

South Korea's Busan container port, the world's fifth busiest, expects to handle around 15 percent more cargo this year than last due to strong imports from China and regional transhipments, a port executive said.

Increased activity at South Korea's m Read More »

Transnet mulls new cargo line

AJOT | June 14, 2011 | Intermodal

South African freight logistics group Transnet said it may build a new rail line to the port at Richards Bay via Swaziland to free up capacity on its main coal export line.

Coal miners in South Africa have been unable to ship all their coal destined f Read More »

Transport Corp FY12 capex at 1.1 blllion rupees

AJOT | June 14, 2011 | Intermodal

Transport Corp of India has earmarked about 1.1 billion rupees in FY12 to expand its fleet of trucks and ships as also its warehousing facility, a top official said at an analyst meeting. Read More »

CN to start construction of Calgary Logistics Park in summer 2011

AJOT | June 14, 2011 | Intermodal

CN has announced that construction of its new Calgary Logistics Park, an investment of approximately C$200 million, will start this summer with target completion by year-end 2012. The project was first announced in February 2010.

Claude Mongeau, presi Read More »

ATRI releases updated operational costs of trucking report

AJOT | June 14, 2011 | Intermodal

The American Transportation Research Institute (ATRI), the trucking industry's not-for-profit research organization, today released the findings of its 2011 update to An Analysis of the Operational Costs of Trucking. The research, which identified trucki Read More »

CP Rail stresses long-term view after weather woes

AJOT | June 14, 2011 | Intermodal

Canadian Pacific Railway will have to work to earn back customer confidence lost because of recent weather woes, but it expects any drop in market share is temporary, its chief executive said.

Flooding and other weather disruptions on CP's network in Read More »

Con-way Inc. names 2011 CEO Constellation Award recipients

AJOT | June 14, 2011 | Intermodal

Con-way Inc. announced that it has honored five outstanding employees with its fifth annual CEO Constellation Awards. Winners were selected from throughout the enterprise as those who best exemplify the company's core values of integrity, commitment and e Read More »

WTO warns of rising global protectionism

AJOT | June 14, 2011 | International Trade

The world's trading nations are succumbing to protectionism in the wake of the global financial crisis, limiting exports of food and raw materials and installing new import barriers, the WTO warned.

Commodities export restrictions from Indian cotton a Read More »

US Senate panel urges China help in counterfeit probe

AJOT | June 14, 2011 | International Trade

The U.S. Senate Armed Services Committee urged China to let it investigate on the spot widespread reports that Chinese-made counterfeit parts are making their way into multibillion-dollar U.S. weapons systems and other electronics. Read More »

Colombia says trade surplus jumps in April vs year ago

AJOT | June 14, 2011 | International Trade

Colombia's trade surplus jumped in April to $696.6 million, widening from the surplus posted in the same month last year, the government's DANE statistics agency said.

Colombia registered a trade surplus of $485 million in April 2010, DANE said in a s Read More »