Grindrod FY profit falls, shipping outlook grim

AJOT | February 23, 2011 | Breakbulk & Projects

Africa's biggest shipping company Grindrod posted a 12 percent fall in full-year profit as the stronger rand ate into its overseas earnings while increased competition depressed freight rates. Read More »

Dry bulk shipping could see oversupply problem through 2014-SSY

AJOT | February 23, 2011 | Breakbulk & Projects

Dry bulk freight could see oversupply problems linger through 2014 if shipowners do not cancel more newbuilding orders and send older vessels to scrap yards, an official with shipbroker SSY said.

Despite surging commodity prices, the Baltic Exchange's Read More »

Piracy premium hampers global fuel trade

AJOT | February 23, 2011 | Breakbulk & Projects

Pirate attacks are starting to distort world fuel trade, threatening supplies of jet fuel and diesel to Europe from Asia, because higher premiums for shipping make trade uneconomic.

While the two latest ships seized in the Indian Ocean this month were Read More »

WWL increases frequency on North America to Oceania trade

AJOT | February 23, 2011 | Breakbulk & Projects

Wallenius Wilhelmsen Logistics (WWL), a global leader in RoRo shipping and factory-to-dealer logistics, has increased the frequency of its North America to Oceania trade to a total of four sailings per month. Read More »

Steder Group moves heavy offshore crane from Malaysia to Belgium

AJOT | February 23, 2011 | Breakbulk & Projects

Steder Group b.v., a member of the Worldwide Project Consortium WWPC for The Netherlands, was awarded shipment of a complete off-shore installation crane from Malaysia to Belgium. Steder Group part-chartered the Heavy Lift vessel LENA from Port Kel Read More »

Grain cargoes being diverted from Libya

AJOT | February 23, 2011 | Ports & Terminals

Grain cargoes bound for Libya are being diverted because of port closures as a revolt against Muammar Gaddafi disrupts economic life in the North African country, shipping sources said.

Oil-rich Libya imports large quantities of grain. Prior to the cr Read More »

New Maersk South American service joins growing list of carriers calling at Packer Terminal in…

AJOT | February 23, 2011 | Ports & Terminals

Business at Packer Avenue Marine Terminal (PAMT) continues to grow with the arrival of a new container service to the Port of Philadelphia: Maersk Line and its new Spondylus service, which offers weekly ports of call between Philadelphia and the west coas Read More »

Vietnam rejects Indian corn, soymeal cargoes

AJOT | February 23, 2011 | Ports & Terminals

Vietnamese plant protection authorities have insisted that the owners of 50,000 tons of Indian corn and soymeal re-export the cargoes, which were found to be infested with insects, traders said.

The Plant Protection Department stood by its decision af Read More »

NZ’s Port of Tauranga H1 profit rises 23%

AJOT | February 23, 2011 | Ports & Terminals

New Zealand's Port of Tauranga reported a 23 percent rise in first half profit as cargo volumes picked up.

Port of Tauranga's net profit after tax was NZ$28.4 million ($21 million) for the six months to Dec. 31, compared with NZ$23.1 million a year ea Read More »

Dredging buoys CFE, sees steady 2011 turnover

AJOT | February 23, 2011 | Ports & Terminals

Belgian building company CFE forecast revenue this year would be similar to 2010 after its dredging operation helped boost earnings profit last year.

The company said its order book dropped to 1.94 billion euros ($2.67 billion) at the end of December Read More »

Australia’s Asciano H1 profit up 18.7% on coal, outlook mixed

AJOT | February 23, 2011 | Ports & Terminals

Australian rail and ports operator Asciano Ltd reported a 19 percent rise in first-half net profit, below some analysts' forecasts, following growth at its Queensland coal haulage operations despite the impact of severe weather.

Asciano, which appoint Read More »

ATA supports proposed ban on hand-held phone use by drivers

AJOT | February 23, 2011 | Intermodal

The American Trucking Associations announced its support of the Federal Motor Carrier Safety Administration's proposed prohibition on the use of hand-held mobile phones, though it urged the agency to allow the use of hands free devices, citing agency rese Read More »

Colombia truckers’ strike could affect food prices

AJOT | February 23, 2011 | Intermodal

Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in Colombia:

"The Colombian Truckers' Association is striking in protest of the government's efforts to eliminate their freight rate table, which will m Read More »

Mullen Q4 profit up on higher demand

AJOT | February 23, 2011 | Intermodal

Mullen Group , a trucking and logistics company that mostly serves the Canadian oilfield sector, posted a nearly threefold rise in its quarterly profit, helped by increased drilling for oil and gas and stronger demand for its transportation services. Read More »

Colombia Cerrejon says coal exports normal after bomb

AJOT | February 23, 2011 | Intermodal

Coal exports from major Colombian producer Cerrejon remained normal after a bombing halted a rail line in the second attack on its operations in around a month, police and the company.

Colombia, the world's No. 5 coal exporter, has seen a drop in viol Read More »

YRC Worldwide receives ‘STRONG’ Carrier of the Year Award from FreightCenter.com

AJOT | February 23, 2011 | Intermodal

FreightCenter.com, a nationwide provider of online freight and logistics software and services, has announced YRC Worldwide Inc., a leading transportation service provider, as the first recipient of its STRONG Certified Carrier of the Year Award. YRCW ear Read More »

Ohio trucking exec says traffic congestion is choking nation’s economy

AJOT | February 23, 2011 | Intermodal

Keith Tuttle, president of Motor Carrier Services Inc., Northwood, Ohio, told the House Transportation and Infrastructure Committee that congestion is choking the nation's supply chain and economy.

'As the owner of a small trucking company of 90 truck Read More »

ATA truck tonnage index surged 3.8% in January

AJOT | February 23, 2011 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 3.8 percent in January after rising a revised 2.5 percent in December 2010. The latest jump put the SA index at 117.1 (2000=100) in January, which Read More »

Trucking exec says investment needed to improve access to ports

AJOT | February 23, 2011 | Intermodal

Dick Coyle, president of Devine Intermodal, West Sacramento, Calif., told members of the House Transportation and Infrastructure Committee that Congress needed to invest in one of the biggest chokepoints in the nation's transportation system: ports. Read More »

Japan Jan exports slow but recovery still intact

AJOT | February 23, 2011 | International Trade

Japan's annual export growth slowed to its weakest pace in more than a year in January and the trade balance swung to a deficit for the first time in almost two years as shipments to China lost steam, but economists say the central bank's forecast for an Read More »