Diana Containerships announces the acquisition of three Panamax container vessels

AJOT | April 14, 2011 | Liner Shipping

Diana Containerships Inc., a global shipping company specializing in the transportation of containers, announced that it has signed three Memoranda of Agreement (one with Maersk Line UK Ltd., and two with A.P. Moller Singapore Pte. Ltd.) for the purchase Read More »

CII seeks 2011 Connie Award nominations

AJOT | April 14, 2011 | Liner Shipping

With a successful first ever Connie Award event in Chicago in early April, Containerization & Intermodal Institute (CII) is seeking nominations for the prestigious annual Connie Awards in California and New Jersey.

Named for the container, the Connie Read More »

LDA to grow dry bulk fleet as ships stay cheap

AJOT | April 12, 2011 | Breakbulk & Projects

French shipping group Louis Dreyfus Armateurs (LDA) said it could acquire more vessels on top of a recent order with a Chinese builder as it seeks to profit from attractive prices.

LDA is pursuing a "counter-cyclical" strategy to expand its fleet duri Read More »

Kawasaki Kisen plans to boost drybulk fleet in 3 years

AJOT | April 12, 2011 | Breakbulk & Projects

Japan's third largest shipping company Kawasaki Kisen Kaisha plans to increase its drybulk fleet to 300 vessels in the next three years from 214 currently to tap into the growing demand of raw materials from China, Japan and India.

Chief Executive Ke Read More »

Somali pirates release Thai ship after ransom

AJOT | April 12, 2011 | Breakbulk & Projects

Somali pirates say they have received a multi-million dollar ransom and released the Thor Nexus, a Thai-owned bulk carrier they seized on Dec. 25.

The 20,377-dead weight bulk carrier was hijacked 350 miles off Oman with crew of 27 Thais on its way to Read More »

Kia production expanding with US arrival of major equipment

AJOT | April 12, 2011 | Ports & Terminals

The first major machinery for Kia Motors’ West Point manufacturing plant expansion arrived in the United States recently when the ship M/V Chongming Voyage 90 coasted into the Port of Savannah carrying state of the art automobile-making equipment. The shi Read More »

Celebrating green:  EPA selects MPA for environmental award

AJOT | April 12, 2011 | Ports & Terminals

The U.S. Environmental Protection Agency (EPA) Mid-Atlantic Region today honored the Maryland Port Administration (MPA) with a 2010 Environmental Achievement Award. The award recognized the MPA’s role in several environmental programs, including Dredged Read More »

Italy still neglecting ports

AJOT | April 12, 2011 | Ports & Terminals

Italy is neglecting its ports and failing to boost investments for rail and road links that are urgently needed to compete with European rivals, the head of ports association Assoporti said.

Francesco Nerli, president of the group that represents the Read More »

Ivory Coast’s main ports stay shut

AJOT | April 12, 2011 | Ports & Terminals

Ivory Coast's main ports of Abidjan and San Pedro remained shut as staffing and logistical issues meant operations could not resume, shipping sources said.

Economic activity in the world's top cocoa producer ground to a halt in recent months as the co Read More »

Increased hiring and rising turnover indicate economic recovery

AJOT | April 12, 2011 | Intermodal

Hiring in the trucking industry picked up in the fourth quarter of 2010, which coupled with an increase in the turnover rate for linehaul truckload drivers portend increased demand for drivers as the economy recovers.

According to ATA's quarterly truc Read More »

TransCore’s North American freight index sees 3rd straight month of record volume

AJOT | April 12, 2011 | Intermodal

TransCore's North American Freight Index records the highest spot market truckload freight volume for the month of March since the North American Freight Index was established in 1986. Similar records were set in January and February of this year. March t Read More »

UAE’s rail network on track, sees strong bidding

AJOT | April 12, 2011 | Intermodal

The United Arab Emirates' Etihad Rail will award the first contract to build a national rail network in the next three to four months, its CEO said, adding that regional unrest would not delay its plans.

The UAE has so far escaped pro-democracy protes Read More »

Train running late? Blame high copper prices

AJOT | April 12, 2011 | Intermodal

Thieves lured by surging copper prices are creating a nightmare for European railways, sparking large-scale disruption, eroding profits and damaging their reputations.

Operators are pouring money into high-tech security measures they hope will prevent Read More »

US would permit Mexico trucks in 3-year program

AJOT | April 12, 2011 | Intermodal

Long-haul trucks from Mexico would be allowed to operate throughout the United States for up to three years under a pilot plan aimed at reviving a politically sensitive trade program stalled for years.

The U.S. Transportation Department released a pro Read More »

CN, Earth Day Canada sign five-year partnership agreement

AJOT | April 12, 2011 | Intermodal

CN and Earth Day Canada (EDC) announced today a five-year partnership agreement under which EDC will support a CN program to encourage environmental values and initiatives among CN employees across North Arica.

Working at key North American CN offices Read More »

US trade gap falls in February as trade contracts

AJOT | April 12, 2011 | International Trade

The U.S. trade deficit shrank in February as imports fell more than exports, according to a government report that suggested a slowdown in global demand.

The monthly trade gap totaled $45.8 billion, down from an upwardly revised estimate of $47.0 bill Read More »

China says trade problems with Brazil limited

AJOT | April 12, 2011 | International Trade

China downplayed trade problems with fellow emerging giant Brazil, saying any challenges were limited and could be resolved through talks.

"The problems in China-Brazil trade and economic relations are limited and part of a phase," Foreign Ministry sp Read More »

Indian pharma in tough battle for generic riches

AJOT | April 12, 2011 | International Trade

Indian makers of generic drugs have a fight on their hands as they scramble for access to the $100 billion worth of drugs coming off patent over the next two years.

Fierce competition and lawsuits from rival generic firms, a stricter U.S. health regul Read More »

Embraer CEO says Chinese airlines order 35 190-model jets

AJOT | April 12, 2011 | International Trade

Chinese airlines have placed orders for 35 Embraer 190 jets with a combined value of $1.4 billion, Frederico Curado, chief executive of the Brazilian aircraft maker said.

Curado is part of a delegation of executives and officials accompanying Brazil's Read More »

Apple iPhone-maker Foxconn ponders big Brazil move

AJOT | April 12, 2011 | International Trade

iPhone maker Foxconn Technology Group is considering investing $12 billion in Brazil, a move that could help Apple Inc and other tech companies expand in the world's eighth largest economy.

Brazilian president Dilma Rousseff said on Tuesday her govern Read More »