India’s ballooning trade deficit unsustainable

AJOT | February 23, 2011 | International Trade

The Indian government raised "serious concern" about a trade deficit that could more than double to $278.5 billion in three years and may cause an unsustainable current account deficit.

The trade deficit of Asia's third-largest economy could widen to Read More »

New contract with OAG Cargo helps AMI
‘work like an integrator

AJOT | February 23, 2011 | Air Cargo

Air Menzies International (AMI) has signed a contract with OAG Cargo for a series of new web-based strategic and tactical information and management tools that will enable AMI and its freight forwarding, courier and express customers to receive and provid Read More »

TIACA names Allaz as 2011 recipient
 of ‘Hall of Fame’ honor

AJOT | February 23, 2011 | Air Cargo

Camille Allaz, former Executive Vice President Cargo for Air France and one of the industry's leading historians is the latest industry leader to be honored with a place in The International Air Cargo Association's (TIACA) Hall of Fame.
Mr Allaz joi Read More »

Maersk guides for lower 2011 after record profit

AJOT | February 23, 2011 | Liner Shipping

A.P. Moller-Maersk said it will not repeat last year's record earnings in 2011 due to expected lower oil output combined with uncertainty about freight rates and oil prices.

The shipping and oil group beat 2010 forecasts on the back of a container shi Read More »

UPS expands throughout Asia its expedited ocean freight service

AJOT | February 23, 2011 | Liner Shipping

On the heels of a successful rollout in Japan, UPS announced the expansion of its UPS Preferred LCL (less-than-container-load) Ocean Freight service to 10 additional Asian ports. The service provides up to 40 percent faster port-to-door delivery to the U Read More »

NOL to boost orders to address freight shortage

AJOT | February 23, 2011 | Liner Shipping

Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, will order more vessels to address an expected shortage in the global freight market within a few years, its chief executive said.

The remarks come three days after A.P. Read More »

Royan named Director, Business Information Management & Corporation Documentation by Hamburg S’d…

AJOT | February 23, 2011 | Liner Shipping

Hamburg S'd North America, Inc. announced that effective March 1, 2011, Tawab Royan will assume the post of Director, Business Information Management and Corporate Documentation, based at the firm's North American main offices in Morristown, NJ. Read More »

UK P&I Club gets to grips with nickel ore and iron ores fines cargoes

AJOT | February 21, 2011 | Breakbulk & Projects

Marine insurers are determined to keep the subject of dangerous bulk cargoes, and in particular nickel ores and iron ore fines, high on the Loss Prevention agenda. The UK Club's latest initiative is an aide-m'moire for shipowners and shipmanagers in the f Read More »

Golden Ocean sailing steady in

AJOT | February 21, 2011 | Breakbulk & Projects

Golden Ocean said it would hold its own in a potentially "rotten and tough market" this year and sharply raised its dividend after net earnings positively surprised in the fourth quarter.

Net profit came in at $24 million, 17 percent above the mean fo Read More »

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 »