Aeroframe announces expansion at Chennault International Airport

AJOT | March 24, 2011 | Air Cargo

Gov. Bobby Jindal and Aeroframe Services President and CEO Roger Porter announced Aeroframe will further expand its presence at Chennault International Airport, exceeding its previously projected job creation levels.

In February 2010, Gov. Jindal and Read More »

LufthansaCargo says Japan volumes haven’t dropped

AJOT | March 24, 2011 | Air Cargo

Disruptions to production in Japan following this month's catastrophe have so far not had a major impact on the amount of freight leaving the country by air, the head of Lufthansa Cargo said.

"On the cargo side, we have not seen any dramatic decline i Read More »

Korean Air delays 787 Dreamliners delivery to 2016

AJOT | March 24, 2011 | Air Cargo

Korean Air Lines Co Ltd said it had revised a purchase agreement with Boeing to take delivery of 10 787 Dreamliner aircraft starting from 2016, five years later than previously scheduled. Read More »

New President to lead Express Delivery & Logistics Association

AJOT | March 24, 2011 | Air Cargo

Scott Cannon, CEO of MNX, was recently elected president of the Express Delivery and Logistics Association (XLA). He commenced his term as president on March 11 after nomination and approval at the 2011 XLA annual membership meeting held at AirCargo 2011 Read More »

Hapag-Lloyd IPO decision postponed

AJOT | March 24, 2011 | Liner Shipping

The owners of Hapag-Lloyd AG have postponed a decision on floating the container shipping group, its majority owner said.

"There will be no decision on an IPO (initial public offering) today," a spokesman for the Albert Ballin consortium, which owns 5 Read More »

Sea Star Line boosts 53’ container fleet by 25%;

AJOT | March 24, 2011 | Liner Shipping

Sea Star Line, LLC, has placed an order for 100 brand-new 53-foot cargo containers to serve customers at its Jacksonville and Philadelphia ports. The containers will be available for immediate use in the third quarter of 2011 ' just in time to accommodate Read More »

Maersk expects Q2 freight rate rebound

AJOT | March 24, 2011 | Liner Shipping

Container shipping will shake off an array of risks from Japan to the Middle East and rates will begin a seasonal recovery in the second quarter, the head of the world's biggest container shipper said.

Maersk Line, which carries 15 percent of all seab Read More »

China, Europe container rates drop below $1,000

AJOT | March 24, 2011 | Liner Shipping

Spot rates for shipping containers from Shanghai to Europe have dropped below $1,000 per twenty-foot unit for the first time since March 2009 due to low volumes and fierce competition, shipping body BIMCO said.

The global shipping industry recovered i Read More »

Evergreen Line to launch weekly TMI service between Thailand, Malaysia and Indonesia

AJOT | March 24, 2011 | Liner Shipping

Evergreen Line has launched a weekly Thailand-Malaysia-Indonesia (TMI) service, the carrier announced today. The new trade route will enhance Evergreen Line's Southeast Asia service network and replace the existing Indonesia-Malaysia (IS1) service. Read More »

Maersk Line to cut stops in HK, divert to Nansha

AJOT | March 24, 2011 | Liner Shipping

Maersk Line will cut the number of ship calls at Hong Kong by about a quarter from April, one of the biggest changes for the world's third-busiest port in years.

Maersk Line confirmed a newspaper report that it would cut the number of ships calling at Read More »

Maersk Line celebrates 5th anniversary of fuel switch

AJOT | March 24, 2011 | Liner Shipping

Maersk Line's SINE M'RSK changed the course of low-sulfur distillate fuel use when she called Los Angeles. Five years later, this fuel switch has resulted in a 3700 ton savings in air emissions benefiting those who live and work in California. A 4100 to Read More »

MOL upgrades North Europe - West Africa service

AJOT | March 24, 2011 | Liner Shipping

MOL is upgrading its current ARN product to a fixed day weekly service between Europe and West Africa, with excellent connections via Antwerp for Asian and North American cargo.

The new service will launch from Hamburg on 6 April, calling Thamesport, Read More »

Hyundai Heavy says wins $711 mlllion order from Germany

AJOT | March 24, 2011 | Liner Shipping

South Korea's Hyundai Heavy Industries said on Monday that it had won an 800 billion won ($711 million) order to build six (corrects from nine) container ships for German shipping line Hamburg Sud Group. Read More »

Providing MOL containership to transport aid supplies from overseas

AJOT | March 24, 2011 | Liner Shipping

Mitsui O.S.K. Lines is determined to provide containerships to transport aid supplies from overseas. As the damages of the earthquake set in, MOL has received many calls from voices desired to transport aid supplies to Japan from overseas.

'We express Read More »

SFL acquires two container vessels for $342 mlllion

AJOT | March 24, 2011 | Liner Shipping

Ship Finance International Ltd , which owns and operates ships, said it would acquire two container vessels from French container shipping company CMA CGM for $342 million. Read More »

MOL Group companies transport aid supplies to quake-stricken areas

AJOT | March 24, 2011 | Liner Shipping

Mitsui O.S.K. Lines reported that the group companies listed below purchased food, water, and other daily necessities, and took them to the Ohi Logistics Center, Tokyo, where they were loaded into a 40-foot container and delivered by truck to the logistic Read More »

Panamax rates to come under pressure after Japan quake

AJOT | March 16, 2011 | Breakbulk & Projects

Rates for panamax carriers on key Asian freight routes are expected to be mixed this week with intra-regional routes pressured by declining Japanese coal demand following last week's earthquake, while transpacific rates should rise on strong Chinese deman Read More »

Flow of grains to Brazil No. 2 port improves

AJOT | March 16, 2011 | Ports & Terminals

The flow of newly harvested soy and corn to Brazil's main grain port as the principal railway and road to the port again allowed bulk cargoes to pass, after access was shut off due to rain.

Trucks carrying grains were being sent down the Serra do Mar Read More »

VPA orders cassette system from TTS Port Equipment

AJOT | March 16, 2011 | Ports & Terminals

TTS Port Equipment AB, will supply 10 translifters and 220 cassettes, with delivery commencing February 2011.The equipment will be used to move containers between rail-mounted gantry crane stacks and the on-dock rail at the terminal. Read More »

Shippers see Japan ports able to keep cargo flowing

AJOT | March 16, 2011 | Ports & Terminals

Shipping companies are confident of keeping goods moving through Japan's ports, using spare capacity at the largest ones to deal with cargo displaced from those devastated in last week's earthquake and tsunami.

The automotive and technology industries Read More »