Golden Ocean Q3 beats forecasts, rates hold up

AJOT | November 23, 2010 | Breakbulk & Projects

Dry bulk shipping company Golden Ocean Group Ltd. beat forecasts for third-quarter core profit and said rates had held up surprisingly well despite new ships entering the global market.

Operating profit fell 37 percent to $47 million, reflect Read More »

Ellenberg to join South Carolina Ports as VP, Cargo Development

AJOT | November 23, 2010 | Ports & Terminals

The South Carolina State Ports Authority (SCSPA) has hired an accomplished industry recruiter to increase port-related business and development in the state.

Jack Ellenberg will join the SCSPA in January as Vice President, Cargo Development. Read More »

Konecranes CEO says Demag merger makes sense

AJOT | November 23, 2010 | Ports & Terminals

The chief executive officer of Finland's Konecranes said a merger with German rival Demag Cranes AG makes sense, but the maker of industrial lifting gear does not need a large deal to grow in a fragmented market.

"There would be an industrial Read More »

APM Terminals eyes acquisitions, industry crisis over

AJOT | November 23, 2010 | Ports & Terminals

The port operating arm of Danish shipping giant A.P. Moller-Maersk is considering several acquisition opportunities in Asia as the industry recovers from its crisis, executives said.

The economic downturn in the box shipping industry has ende Read More »

Employment peaking at Great Lakes Shipyards

AJOT | November 23, 2010 | Ports & Terminals

When the 1,000-foot-long Great Lakes freighter EDWIN H. GOTT arrives at Bay Shipbuilding Company in Sturgeon Bay, Wisconsin, today, it will mark the beginning of the busiest time of year for Great Lakes shipyards. This project and other annual winter mai Read More »

San Pedro Bay Ports Clean Air Action Plan update approved

AJOT | November 23, 2010 | Ports & Terminals

Reaffirming their commitment to slash air pollution from the nation’s two busiest seaports, harbor commissioners from Los Angeles and Long Beach came together for a special joint session on November 22, and unanimously approved a new, improved version of Read More »

South Korea port traffic unaffected by North Korea shelling

AJOT | November 23, 2010 | Ports & Terminals

Ports in South Korea remained open and shipping lanes were not impacted by artillery fire from North Korea, maritime agents and shipbrokers said. Read More »

Officials launch of $950 million bridge project at Port of Long Beach

AJOT | November 23, 2010 | Ports & Terminals

Marking the start of a nearly $1 billion project to replace the aging Gerald Desmond Bridge in the Port of Long Beach, elected officials, federal and state transportation leaders and port authorities gathered Monday to formally launch the project and reco Read More »

Longistics’ Long named VC of ATA

AJOT | November 23, 2010 | Intermodal

Longistics, a full-service provider of global logistics solutions, has announced that Duane Long, chairman, has been elected vice chairman for the American Trucking Associations (ATA). Currently chair of ATA's Insurance Task Force, Long received the posit Read More »

ATA truck tonnage index rose 0.8%in October

AJOT | November 23, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 0.8 percent in October after increasing a revised 1.8 percent in September. The latest gain put the SA index at 109.7 (2000=100) in October from 108.9 i Read More »

Southeastern Freight Lines’ commitment to employees enables strong rebound from recession

AJOT | November 23, 2010 | Intermodal

Southeastern Freight Lines, a regional less-than-truckload (LTL) transportation services provider, has emerged from the recession with a strong foundation intact due to maintaining its no-layoff policy and is now hiring more than 900 employees in 2010 as Read More »

New feature allows Old Dominion’s odfl4me.com users to customize reports

AJOT | November 23, 2010 | Intermodal

Users of Old Dominion Freight Line's odfl4me.com can now customize their reports and receive them via e-mail. Odfl4me.com is a secured website that allows customers to manage their accounts with Old Dominion and control transactions, including scheduling Read More »

Brazil orange juice giants squeeze small farmers

AJOT | November 23, 2010 | International Trade

After 40 years of growing citrus in Bebedouro, a town nicknamed Brazil's orange capital, farmer Laerte de Souza Barbaro last year pulled out his 80,000 trees and replanted his entire 200 hectares with sugar cane.

Thousands of other farmers ha Read More »

Emerging economies have wind in their sails, for now

AJOT | November 23, 2010 | International Trade

Developing economies now account for about half of global growth. Thanks to a brisk recovery from the financial crisis, their import demand is growing twice as fast as that of advanced markets.

In a powerful symbol of such shifts in the world Read More »

Russia says in final stage of WTO accession talks

AJOT | November 23, 2010 | International Trade

Russia has entered the final stage of its 17-year-bid to join the World Trade Organization and outstanding issues should be resolved in the coming months, Economy Minister Elvira Nabiullina said.

The comments indicate that the largest economy Read More »

Canada gets duty-free beef quota to EU

AJOT | November 23, 2010 | International Trade

Canada has gained duty-free access to the European Union for a 20,000-ton annual quota of beef, Canada's agriculture and trade ministers said, in a move that slightly opens the meat trade amid talks on a broad free trade agreement.

The quota Read More »

Ex-Soviet customs union members agree economic policy

AJOT | November 23, 2010 | International Trade

Russia, Belarus and Kazakhstan signed on Friday a macroeconomic policy coordination agreement, a key part of their drive to create a free trade zone in 2012.

Government sources told Reuters that the agreement between the customs union members Read More »

Logwin and Chapman Freeborn demonstrate heavy lift expertise with 360 ton project

AJOT | November 23, 2010 | Air Cargo

The logistics service provider Logwin managed a gigantic transportation project in collaboration with Chapman Freeborn in October 2010 when it flew pipe systems weighing a total of 360 tonnes 13,000 kilometers from G'teborg in Sweden to Santiago de Chile Read More »

Hainan taps ANS for NY and Chicago

AJOT | November 23, 2010 | Air Cargo

Airline Network Services has assumed cargo sales and booking activities in the New York and Chicago markets for Hainan Airlines' China-bound operation out of Toronto.

Jens Tubbesing chief executive of the cargo service agency, who issued the Read More »

Crowley vessels honored with CSA Environmental Achievement Awards

AJOT | November 23, 2010 | Liner Shipping

Crowley Maritime Corporation was recently honored with 85 Certificates of Environmental Achievement for 2010 during a Chamber of Shipping of America awards ceremony in Washington, DC. The certificates were awarded to Crowley-owned and -operated vessels fo Read More »