SENTRY 400 FlightSafe’ accepted for use by Southwest Airlines Cargo

AJOT | July 25, 2011 | Air Cargo

OnAsset Intelligence, a leading provider of machine-to-machine (M2M) wireless asset tracking solutions, announced that Southwest Airlines Co. (NYSE: LUV) is now accepting cargo shipments containing OnAsset's SENTRY 400 FlightSafe' device, to provide locat Read More »

Embraer picks IAE as engine supplier for cargo plane

AJOT | July 25, 2011 | Air Cargo

Embraer, the world's biggest maker of regional aircraft, chose International Aero Engines as engine supplier for its military transport plane KC-390, signaling that the company is moving ahead in its venture into defense within schedule.

Sao Jose dos Read More »

Ruslan International loads 6.74 meter diameter bearing ring into An-124

AJOT | July 25, 2011 | Air Cargo

The Antonov An-124, best known for its long history of transporting challenging heavy- and outsize loads, has just carried a 6.74 meter bearing ring.

The bearing ring, for a mining machine, weighed in at only 12 tons including its steel transport crad Read More »

Southern Air signs an agreement with Saudi Arabia Airlines

AJOT | July 25, 2011 | Air Cargo

Southern Air and Saudi Arabian Airlines have signed a definitive agreement under which Southern Air will operate one Boeing 747 freighter on behalf of Saudi Airlines Cargo Co. Ltd. on an ACMI basis (aircraft, crew, maintenance and insurance). The aircraf Read More »

UPS profit up, keeps outlook despite economy

AJOT | July 25, 2011 | Air Cargo

United Parcel Service Inc , the world's largest package delivery company, reported higher second-quarter profit and reaffirmed its 2011 outlook despite a sputtering economic rebound.

International shipment volume escalated while domestic deliveries st Read More »

MOL adopts low-friction ship-bottom paint

AJOT | July 25, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. Has announced the adoption of a new low-friction ship-bottom paint 'Seaflo Neo' developed by Chugoku Marine Paint, Ltd. After analyzing the results of an onboard test with a newbuilding vessel, the company confirmed that the new Read More »

Hamburg S’d to announce change in chassis provisioning model in Oakland, CA

AJOT | July 25, 2011 | Liner Shipping

Hamburg S'd will implement a revised policy on chassis provision in the Oakland area effective September 15, 2011. Today, Hamburg S'd sources chassis out of Ports America Outer Harbor, for both merchant haulage as well as carrier conducted intermodal move Read More »

Crowley names Cosgrove VP of Marine Operations for Liner Services

AJOT | July 25, 2011 | Liner Shipping

Crowley Maritime Corp. has announced that Cole Cosgrove has assumed the role of vice president of marine operations for Crowley's liner services groups. Cosgrove will continue to work out of the company's Jacksonville office while reporting to John Hourih Read More »

TUI struggling to divest Hapag-Lloyd

AJOT | July 25, 2011 | Liner Shipping

TUI AG is pushing back the deadline for the planned divestment of a stake in Hapag-Lloyd again as it struggles to find a buyer, five people familiar with the process said.

"We need a more stable market environment. At the moment it is impossible to ge Read More »

NOL carries 5% more cargo in 4 weeks to July 1

AJOT | July 25, 2011 | Liner Shipping

Singapore's Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, reported a 5 percent rise in its cargo in the four weeks period to July 1 from a year ago but weakness in Asia-Europe rates pushed its average revenue lower by 1 Read More »

Hamburg S’d christens Santa Cruz in Shanghai

AJOT | July 25, 2011 | Liner Shipping

On July 23, 2011, as part of a customer event, Hamburg S'd christened the container ship Santa Cruz in Shanghai. Sponsor of the Santa Cruz was Heike Schmidt, wife of Dr Heino Schmidt, Member of the Executive Board of Hamburg S'd. Read More »

Russia aims to return to top grain shippers club

AJOT | July 24, 2011 | Breakbulk & Projects

Russia expects to reprise its role as a leading grain exporter this season thanks to a good harvest after last year's severe drought forced it to impose an export embargo, the Agriculture Minister said.

Russia sees grain exports of 18 million tons in Read More »

Drybulk weakness may lead to covenant pressure

AJOT | July 24, 2011 | Breakbulk & Projects

Fundamental weakness will likely drive continual cash flow erosion and covenant pressure within the dry bulk shippers, Wells Fargo Securities said, and lowered its rating on four stocks.

The shipping sector has been hit hard in the last two years as d Read More »

Berge Bulk to charter out 4 mega bulk carriers to Vale

AJOT | July 24, 2011 | Breakbulk & Projects

Privately-held shipping firm Berge Bulk will receive four 388,000-ton mega ore carriers over the next year and will charter them out to Brazilian mining giant Vale, its chief executive told Reuters.

China's Bohai Shipbuilding Heavy Industry is expecte Read More »

Chambal Fert to list shipping business by end

AJOT | July 24, 2011 | Breakbulk & Projects

Chambal Fertilisers and Chemicals, a diversified company from the K.K. Birla Group, expects to list its unit India Steamship by March 2012, after it transfers its shipping business into the subsidiary, a senior official said.

Chambal Fertilisers had s Read More »

China Bohai Shipbuilding to soon deliver 1st mega dry bulk ship

AJOT | July 24, 2011 | Breakbulk & Projects

China's Bohai Shipbuilding Heavy Industry will soon deliver its first mega bulk carrier to Berge Bulk, local media reported, a move that could put further pressure on the weak shipping sector grappling with overcapacity and depressed freight rates.

Th Read More »

Charleston moves largest container ship

AJOT | July 24, 2011 | Ports & Terminals

South Carolina welcomed the largest container ship to ever call the Port of Charleston when the MSC BRUXELLES docked at the Wando Welch Terminal recently.

The 109,000-ton ship is more than 1,100 feet long and 150 feet wide. It can carry the equivalen Read More »

Judge rules Long Beach Clean Truck Program settlement in violation of CA Environmental Law

AJOT | July 24, 2011 | Ports & Terminals

"This Court decision is a victory for Long Beach residents. The ruling affirms concerns from clean air advocates that have long declared the Long Beach Portʼs backroom deal nothing short of caving in to industry polluters at the expense of residents Read More »

DP World buys controlling stake in two Suriname firms

AJOT | July 24, 2011 | Ports & Terminals

Port operator DP World has bought controlling interest in two port services companies in Suriname, cashing in on an expected increase rise in trade volumes in the South American country, the company said in a statement.

DP World did not disclose the f Read More »

Paranagua port plans major expansion

AJOT | July 24, 2011 | Ports & Terminals

Paranagua port plans a $1.6 billion expansion that will increase its capacity by 55 percent, responding to growing demand for Brazilian foods and goods as No. 1 port Santos bursts at the seams.

Port officials declined to estimate how long it will take Read More »