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Grains have increasing impact on shipping market

AJOT | November 21, 2010 | Breakbulk & Projects

Grains trades have increased volatility in the global dry bulk shipping market and will start to support freight rates from 2012, ship broker Howe Robinson's joint chairman said.

Deliveries of new bulkers ordered before global turmoil in 2008 Read More »

Dry bulk shipping to stay pressured

AJOT | November 21, 2010 | Breakbulk & Projects

Expectations of slower Chinese commodity imports and fleet growth will keep the dry bulk market under pressure next year, while sluggish demand will weigh on the tanker sector, Citigroup's head of shipping said.

Freight players are watching for furthe Read More »

DryShips’ results beat as drilling bet pays off

AJOT | November 21, 2010 | Breakbulk & Projects

Over two years of funneling money into its relatively new drilling segment finally seems to be paying off for DryShips Inc , as strength at that segment propelled the company's third-quarter results.

DryShips also signaled rosy days for its d Read More »

China seen turning to more DDGs imports

AJOT | November 21, 2010 | Breakbulk & Projects

China, already the world's largest importer of distillers' dried grains, a by-product of ethanol, has the potential to take a lot more imports as more feed mills use it to replace corn and protein meals, industry officials said.

Imports of di Read More »

Diana Shipping announces delivery of the M/V Alcmene and time charter contract for M/V Aliki

AJOT | November 21, 2010 | Breakbulk & Projects

Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced that the Company has today taken delivery of the m/v "East Sunrise 88," renamed "Alcmene," a 93,193 dwt Post-Panamax dry bulk carrier built in 2010. Read More »

MOL starts Vietnam tugboat business

AJOT | November 21, 2010 | Ports & Terminals

Mitsui O.S.K. Lines, Ltd. announced that the company has established a joint venture with two local companies in Vietnam and started a tugboat business. Read More »

Port Administration launches twitter page for Port of Baltimore

AJOT | November 21, 2010 | Ports & Terminals

The Maryland Port Administration (MPA) has launched a Twitter page http://www.twitter.com/portofbalt for the Port of Baltimore. The site will be used to promote cargo, cruise, environmental and other news about the Port of Baltimore. Twitter is a social media Read More »

Toet to leave the Port of Rotterdam Authority

AJOT | November 21, 2010 | Ports & Terminals

AndrĂ© Toet, who has been Chief Operating Officer (COO) at the Port of Rotterdam Authority since January 2008, will be resigning as of 1January. The 47 year-old Toet started at the Port Authority three years ago. He is leaving because the Supervisory Board Read More »

Longoria reappointed to Port Commission

AJOT | November 21, 2010 | Ports & Terminals

The Houston City Council has approved reappointment of Houston attorney, businesswoman and civic leader Janiece Longoria to a fourth term as Port Commissioner of the Port of Houston Authority. Port Commissioners serve two-year terms without pay. Initially Read More »

Usiminas signs port deal with LLX to ship iron ore

AJOT | November 21, 2010 | Ports & Terminals

Brazilian steel maker Usiminas signed an accord with the port operator LLX to ship iron ore through the Southeast Port in Sepetiba, Rio de Janeiro, the company.

The deal will secure logistics for Usiminas' plan to expand the production chain Read More »

Port of Hamburg reports strong growth in seaborne cargo handling

AJOT | November 21, 2010 | Ports & Terminals

With a total of 5.9 million TEU handled, the container segment recorded double-digit growth of 10.7 per cent
After a somewhat subdued upward trend for the first three months of the year, the Port of Hamburg now reflects signs of significant Read More »

Savannah deepening project marks major milestone

AJOT | November 21, 2010 | Ports & Terminals

The Savannah Harbor Expansion Project (SHEP) reached a major milestone today when the U.S. Army Corps of Engineers released its Draft Environmental Impact Statement (EIS) to the public and agencies for review and comment. Read More »

Three % recovery rebate Rotterdam Harbor dues 2011

AJOT | November 21, 2010 | Ports & Terminals

In 2011, the Port of Rotterdam Authority (PoR) will give a once-only recovery rebate of 3% on the tariffs for sea and inland harbor dues. The rebate is intended to support the companies in their further recovery from the crisis and in this way to strength Read More »

Russia could list 10-15% of First Freight Co. in Q3 2011

AJOT | November 21, 2010 | Intermodal

Russia could sell 10 or 15 percent of the country's second-largest rail freight operator, First Freight Co, through an initial public offering in the third quarter 2011, Russia's transport minister said. Read More »

Union Pacific raises dividend by 15%

AJOT | November 21, 2010 | Intermodal

Union Pacific Corp the No. 1 U.S. railroad, increased its quarterly dividend for the second time this year, citing its growing free cash flow. Read More »

Russia Putin, Siemens CEO to talk rail transport

AJOT | November 21, 2010 | Intermodal

Russian Prime Minister Vladimir Putin will discuss joint projects in rail transport with the chief executive of Germany's Siemens, signalling new lucrative deals for the German firm in Russia.

The government said that Putin will inspect a new Read More »

TransCore’s N. American Freight Index reports 3rd consecutive month of record spot freight…

AJOT | November 21, 2010 | Intermodal

TransCore's North American Freight Index reported a 69 percent increase in spot market freight availability in October, compared to the previous year. This marks the third consecutive month when spot freight achieved the highest year-over-year levels sinc Read More »

CN train conductors in Canada ratify three-year labor contract agreements

AJOT | November 21, 2010 | Intermodal

CN announced that members of the Teamsters Canada Rail Conference - Conductors, Trainmen and Yardmen (TCRC-CTY) have ratified four new collective agreements with the Company.

The three-year labor contracts for approximately 2,700 CN conductor Read More »

Levelland Industrial Rail Park gets engines on track

AJOT | November 21, 2010 | Intermodal

Levelland City and Economic Development officials today got engines on track for an $8.6 million industrial rail park in the 12,866-population town just 30 miles west of Lubbock, Texas.

"We broke ground less than one year ago on this importan Read More »

Schneider National uses Vigillo to address shipper’s needs

AJOT | November 21, 2010 | Intermodal

Vigillo LLC, creators of data mining software products designed to aggregate, organize and deliver complex fleet safety information in an easy-to-read scorecard format, today announced at The National Industrial Transportation League's Annual Meeting & Tr Read More »

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