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Dry cargo rates seen recovering in Q2

AJOT | February 21, 2011 | Breakbulk & Projects

Dry cargo freight rates are likely to recover in the second quarter of 2011 as Brazilian exports of grains and sugar pick up, but rates are expected to move sideways in the second half, a senior freight executive said.

"The last few days have seen a m Read More »

Korea Line says in court receivership

AJOT | February 21, 2011 | Breakbulk & Projects

Korea Line Corp said it has started restructuring after a local court approved placing the financially-strapped dry bulk group in receivership.

"The main reason for receivership was charter payments. If the market situation improves, we can graduate f Read More »

Express Transport in India busy with projects

AJOT | February 21, 2011 | Breakbulk & Projects

Express Transport Pvt Ltd (ETPL), a member of the Worldwide Project Consortium WWPC in India, has executed a COA for exports of 66,000frt of pipes from Mundra port recently and is currently negotiating for another movement in excess of 1 million frt of co Read More »

Guimet appointed CEE Sales Representative

AJOT | February 21, 2011 | Breakbulk & Projects

Representing Multitrade Spain, as one of the first CEE members, the CEE management announced the appointment of Carlos Guimet from Barcelona, Spain as sales representative for the CEE. He will focus on developing the network relations in South America in Read More »

Damco opens new office in Le Havre port

AJOT | February 21, 2011 | Ports & Terminals

Damco has opened a new office in Le Havre port in France, a development that gives it a good chance of competing against other freight forwarding companies in the area. The new office in Le Havre port is Damco’s third office in France aside from its main Read More »

Holt Logistics announces 10% increase in container volume at Packer Terminal in 2010

AJOT | February 21, 2011 | Ports & Terminals

Led by the new Black Pearl Service Line, Packer Avenue Marine Terminal (PAMT) continues to compete successfully for container cargo, as evidenced by statistics released today showing a 10 percent increase in container volumes over the last 12 months. Read More »

Konecranes acquires Indian WMI Cranes LTD.

AJOT | February 21, 2011 | Ports & Terminals

Konecranes announced that it had entered into an agreement to acquire the Indian crane company WMI Cranes Ltd. (“WMI”). Konecranes has now received the required regulatory approvals, and WMI will be consolidated into Konecranes’ financial reporting from F Read More »

PD Ports wins ASDA’s UK Container Carrier Award 2011

AJOT | February 21, 2011 | Ports & Terminals

PD Ports has been recognized at the ASDA Carrier Awards for the second year in succession, winning the UK Container Carrier Award 2011 for the combination of its Logical Link and PD Logistics services.

Alex Linton, ASDA Supply Chain Operations Manager Read More »

Port Vancouver key to smoothing Canada grain system

AJOT | February 21, 2011 | Ports & Terminals

Greater efficiency at Canada's biggest port, Port Metro Vancouver, is crucial for improving the country's grain transportation system, the head of Canadian National Railway Co said .

CN, Canada's biggest railway, began last year a grain-loading schedu Read More »

Fog halts ships at Houston-Texas City

AJOT | February 21, 2011 | Ports & Terminals

Fog halted ship piloting to and from the key oil ports of Houston and Texas City, building a queue of 74 vessels inbound and outbound, the U.S. Coast Guard said.

Pilots on Monday afternoon stopped boarding vessels for transit into and out of Houston, Read More »

Less harmful substances due to Friends of the Earth Netherlands – Port Authority agreement

AJOT | February 21, 2011 | Ports & Terminals

Friends of the Earth Netherlands (Milieudefensie) and the Port of Rotterdam Authority agree on a package of measures by means of which the emission of harmful substances in the port will be reduced. The two organisations entered into an agreement in Febr Read More »

Libyan cargo ports close due to violence

AJOT | February 21, 2011 | Ports & Terminals

Operations at Libyan cargo ports have shut down because of violence in the country, shipping sources said.

Sources said operations at Benghazi, Tripoli and Misurata Mediterranean ports, which handle general cargo and container shipping, had closed. Read More »

Zero emissions terminal embarks on world tour

AJOT | February 21, 2011 | Ports & Terminals

It is the ocean cargo terminal of the future - powered by the sun and wind. WWL’s futuristic Castor Green Terminal & Processing Center will require no conventional power, forego fossil fuels and release no harmful emissions into the atmosphere. WWL hopes Read More »

Marram grass on Maasvlakte 2 soft sea defences

AJOT | February 21, 2011 | Ports & Terminals

Maasvlakte 2, the port of Rotterdam expansion, is taking on more shape all the time. 190 million m3 of sand have now been sprayed on. Shortly, the new land will be protected on the western side against the sea by around six kilometres of dunes. Between Fe Read More »

DWS sees Chinese rail steering infrastructure boom

AJOT | February 21, 2011 | Intermodal

Europe's fifth-biggest fund manager, DWS, sees China's rail sector as offering major growth opportunities for investors within the infrastructure sector, a manager of its infrastructure-themed fund said.

The Chinese government plans to spend $120 bill Read More »

Vitran completes Milan Express LTL acquisition

AJOT | February 21, 2011 | Intermodal

Vitran Corporation Inc., a North American LTL transportation and supply chain firm, today announced that it has closed its purchase of the assets of Milan Express' LTL division ("Milan"), a regional less-than-truckload (LTL) freight carrier with operation Read More »

Russian Rail seeks direct buyer for freight unit

AJOT | February 21, 2011 | Intermodal

Russia's state railways would prefer a strategic buyer for its First Freight unit than an IPO as it seeks to raise cash quickly before its own privatisation, Chief Executive Vladimir Yakunin told Reuters Insider.

Yakunin said he hoped to raise $5-$6.5 Read More »

Mongolia to build railway link to Russian port

AJOT | February 21, 2011 | Intermodal

Land-locked Mongolia will build a 1,000 km (620 mile) railway to enable it to export its vast but largely untapped mineral wealth via a Russian port, China's Xinhua news agency reported late on Monday, citing local media.

Construction of the rail link Read More »

PECO Pallet announces acquisition by The Pritzker Group

AJOT | February 21, 2011 | Intermodal

PECO Pallet Inc. has announced that the company has been acquired by The Pritzker Group, a private investment firm owned and controlled by J.B. Pritzker and Tony Pritzker. The acquisition provides PECO Pallet with substantial equity capital to fund the co Read More »

Celadon Group tells Congress to increase investments in highway infrastructure

AJOT | February 21, 2011 | Intermodal

The United States needs to increase its investments in highway infrastructure, funding that can be obtained by raising the fuel tax, Celadon Group Inc. Chairman and CEO Steve Russell told members of Congress during a Feb. 19 listening session. Read More »

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