Vale ore fleet to drag freight rates lower

AJOT | October 24, 2010 | Breakbulk & Projects

Brazilian mining giant Vale's move to use its own fleet of 400,000 ton iron ore carriers will have a major effect on shipping and will push freight rates lower, a senior ship official said.

Vale will take delivery of the first of 36 Chinamax Read More »

Shipping firms buying smaller vessels

AJOT | October 24, 2010 | Breakbulk & Projects

Smaller dry cargo vessels are outperforming bigger capesizes, boosted by rising trade in minor bulks such as cement, grain and fertilizer. Read More »

Minor bulks trade puts wind in smaller vessels’ sails

AJOT | October 24, 2010 | Breakbulk & Projects

Buoyed by demand for so-called minor bulks from cement to fertilizer, smaller dry cargo vessels will outperform capesizes, the largest drybulk ships, which are being squeezed by ship oversupply and a volatile iron ore market.

Swings in iron o Read More »

Freight rates weak despite U.S. grain export push

AJOT | October 24, 2010 | Breakbulk & Projects

The fastest U.S. grain harvest on record is pushing large volumes of corn and soybeans to export terminals in the United States earlier than usual, but ocean freight rates remain sluggish due to vessel oversupply. Brokers had expected strong U.S. grain ex Read More »

Trans Ocean offer enhanced service options through new wider global network

AJOT | October 24, 2010 | Breakbulk & Projects

Trans Ocean, global leader in bulk liquid logistics, has completed the process of integration into the Hillebrand Group, meaning customers will benefit from enhanced services and a wider global network.

In 2007, Trans Ocean was acquired by th Read More »

Diana Shipping announces time charter contract for M/V Alcmene

AJOT | October 24, 2010 | Breakbulk & Projects

Diana Shipping Inc. a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for its Post-Panamax dry bulk carrier, the m/v Alcmen Read More »

US grain flow hits snags amid record harvest pace

AJOT | October 24, 2010 | Breakbulk & Projects

The record harvest pace of the corn and soybean crops in the U.S. Midwest was causing pockets of snags along the supply chain, backing up the movement of grains on barges and by rail, trade sources said.

There were concerns the bottlenecks in Read More »

Magdenli handles Turkish Heavy Lift of cranes and wind project

AJOT | October 24, 2010 | Breakbulk & Projects

Magdenli Transport and Trade Co, Member to the CEE network in Turkey, handled recently heavy components for various projects, such as 4 units cranes each; 3200 x 344 x 286 cm / 50 ton of crane beams and 2 units of 730 x 524 x 348 cm / 56 tons of over head Read More »

Abu Dhabi Ports awards $3 billion in contracts for new port

AJOT | October 24, 2010 | Ports & Terminals

Abu Dhabi Ports Co has awarded about 11 billion dirhams ($3 billion) in contracts so far to build the first phase of its new port and industrial zone, its chief executive said.

The first phase of Khalifa Port & Industrial Zone (KPIZ) in Abu D Read More »

PD Ports leads the way again as portcentric logistics moves into second phase

AJOT | October 24, 2010 | Ports & Terminals

PD Ports, which introduced portcentric logistics into the UK, says the concept is now well-established and moving into its second phase.

The port company, owners of Teesport, Hartlepool and various other port facilities, is once again showing Read More »

CN, Western Stevedoring and forest-products companies sign MOU at Port Metro Vancouver

AJOT | October 24, 2010 | Ports & Terminals

CN, Western Stevedoring Company Ltd. and several forest-products companies have reached a memorandum of understanding for seven-day-a-week unloading services at Western Stevedoring's Lynnterm Terminal at Port Metro Vancouver (PMV). Read More »

HHLA sees container shipping volumes picking up

AJOT | October 24, 2010 | Ports & Terminals

Container shipping volumes will grow more than 10 percent in 2010 at German port logistics company HHLA , HHLA Chief Financial Officer Roland Lappin told Reuter.

"We are seeing a stabilisation of the growth trend," Lappin said in an interview Read More »

Port of New Orleans set to break record for container vessel arrivals

AJOT | October 24, 2010 | Ports & Terminals

During the month of September, 43 container vessels worked cargo at the Napoleon Avenue Container Terminal. The figure set an all-time record for the number of container ships arriving at the Port within a given month.

“The better news is Oc Read More »

Port of Rotterdam recovery remains strong

AJOT | October 24, 2010 | Ports & Terminals

Goods throughput in the port of Rotterdam increased over the first nine months of 2010 by 13.4% to 321 million tonnes. Virtually all categories of goods showed a positive trend: iron ore and scrap (+112%), coal (+2%), other dry bulk (+31%), crude oil (+3% Read More »

Port of Houston, Government officials & General Electric partner to bring jobs, cleaner air to…

AJOT | October 24, 2010 | Ports & Terminals

A Port of Houston Authority public-private partnership announced October 19 could dramatically reduce pollution from multi-modal sources while producing thousands of jobs in the manufacturing, maritime and railroad industries in Texas, Pennsylvania and Mi Read More »

Port open as crews work to restore water service

AJOT | October 24, 2010 | Ports & Terminals

Shipping terminals at the Port of Long Beach are open and operational while crews work to determine the extent of contamination in a water line that runs through a limited portion of the Harbor area and take corrective action. Water service to the southea Read More »

Container traffic falls 6 pct at key ports

AJOT | October 24, 2010 | Ports & Terminals

Ship container volumes at the world's top nine ports fell by 6 percent in September from the previous month, an indication of weakening demand in global trade, said market intelligence provider Alphaliner.

Shanghai, Singapore, Hong Kong and s Read More »

Union Pacific hiring, buying on outlook

AJOT | October 24, 2010 | Intermodal

Union Pacific Corp, the No. 1 U.S. railroad, is hiring, buying locomotives and shopping for properties around the United States, spurred by signs of an economic recovery, the railroad's top executive said.

"My expectations are it will be a po Read More »

DB Schenker award goes to Dr. Petrick

AJOT | October 24, 2010 | Intermodal

The DB Schenker Award 2009, which carries a cash prize of EUR 10,000, goes to Dr. Anita Petrick from the Darmstadt University of Technology . The young female scientist beat competition from all over Europe with her dissertation entitled 'Multimodal produ Read More »

Werner Enterprises Q3 profit beats Wall Street view

AJOT | October 24, 2010 | Intermodal

Trucking and logistics company Werner Enterprises Inc posted a better-than-expected quarterly profit, helped by a stronger freight market. Read More »