Key dry freight index to edge up in Q1 on China demand

AJOT | December 20, 2010 | Breakbulk & Projects

The main global sea freight index will nudge up in the first quarter from the current level as strong Chinese demand offsets pressure from an oversupply of vessels that has weighed on the market for the past year.

Industry experts polled by Reuters th Read More »

JAXPORT Board of Directors approves Anderson for CEO

AJOT | December 20, 2010 | Ports & Terminals

The Jacksonville Port Authority (JAXPORT) Board of Directors voted unanimously to approve the commencement of contract negotiations with former Federal Maritime Commissioner A. Paul Anderson to fill the role of JAXPORT Chief Executive Officer. Read More »

GPA posts double-digit growth for November

AJOT | December 20, 2010 | Ports & Terminals

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced the GPA experienced growth in November 2010, which is consistent with the double-digit growth rates that have been experienced since December 2009

“The Port o Read More »

Konecranes receives RTG order from Slovenia

AJOT | December 20, 2010 | Ports & Terminals

In November Konecranes received a repeat order for two RTG (rubber tired gantry) cranes from Luka Koper in Slovenia. Luka Koper is Konecranes’ long-term customer, already having STS and RTG cranes, as well as grab unloaders delivered by Konecranes. The cr Read More »

Port of Baltimore cargo up in November

AJOT | December 20, 2010 | Ports & Terminals

General cargo, also known as key commodities, at the Port of Baltimore’s public marine terminals were up 15 percent in November compared to November 2009. General cargo is defined as containers, autos, forest products, and roll on/roll off (farm and const Read More »

Port dues: HPA plans change in charging system

AJOT | December 20, 2010 | Ports & Terminals

The Hamburg Port Authority (HPA) is planning to introduce a new port fee system in the summer of 2011. At the same time, the institution will not increase fees in January 2011; port dues will remain at the same level as they currently are. Beginning in th Read More »

South Carolina completes truck survey

AJOT | December 20, 2010 | Ports & Terminals

Continuing its efforts to reduce port-related air emissions, the South Carolina State Ports Authority (SCSPA) has completed the first truck survey in the Southeast and is collaborating on a regional program aimed at helping truck owners replace the oldest Read More »

Ports to test non-polluting fuel cell trucks

AJOT | December 20, 2010 | Ports & Terminals

Two new non-polluting trucks powered by zero-emission plug-in electric/hydrogen fuel cells will soon hit the road in the ports of Long Beach and Los Angeles in a demonstration of the cutting-edge green technology.

In an agreement with El Segundo-based Read More »

CMA CGM and DP WORLD take delivery of the first two gantry cranes for FOS 2XL

AJOT | December 20, 2010 | Ports & Terminals

As part of their investment in port terminals, PORTSYNERGY shareholders CMA CGM and DP World have just taken delivery of the first two gantry cranes for the “Terminal de la Méditerranée”. It is a symbolic step for their new container terminal at FOS2XL wh Read More »

TransCore’s North American Freight Index reports fourth consecutive month of near-record spot market

AJOT | December 20, 2010 | Intermodal

Since August, TransCore's spot market freight volume has exceeded same-month levels for every year since 2005, the peak year for truckload freight on the spot market. November was no exception, up 72 percent from a year ago, according to the TransCore Nor Read More »

YRC says ABF freight suit dismissed

AJOT | December 20, 2010 | Intermodal

YRC Worldwide Inc said that a U.S. District Court judge dismissed an ABF Freight System lawsuit, ruling ABF Freight does not have standing to sue YRC Worldwide or its workers' union.

ABF Freight, one of YRC's top competitors and the largest subsidiary Read More »

ATA truck tonnage index fell 0.1% in November

AJOT | December 20, 2010 | Intermodal

The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index edged 0.1 percent lower in November after increasing a revised 0.9 percent in October. In September and October, tonnage increased a total of 2.8 percent. Th Read More »

Meat, agriculture unresolved in Russia WTO bid

AJOT | December 20, 2010 | International Trade

Russia's 17-year bid to join the World Trade Organisation still hinges on agreements being reached on meat imports and agricultural subsidies, Moscow's WTO negotiator Maxim Medvedkov said.

Russia hopes to finally join the 153-member trade body next ye Read More »

EU Commission wins more power on trade tariff moves

AJOT | December 20, 2010 | International Trade

European Union lawmakers approved a voting reform that shifts power over decisions on import tariffs worth millions of euros away from national governments to EU institutions.

The move ends a year of divisive debate over whether to empower the executi Read More »

India Jan naphtha exports may rise 6% on higher output

AJOT | December 20, 2010 | International Trade

India's January naphtha exports are expected to rise about 6 percent versus December as overall refinery output is anticipated to increase, industry sources said.

Traders are expecting January exports to be around 850,000 tons, higher than the 800,000 Read More »

EU, Mercosur trade talks going well

AJOT | December 20, 2010 | International Trade

Trade talks between the European Union and South American trade bloc Mercosur to create the world's largest free trade zone are going well and could conclude by mid-2011, Brazil's foreign minister said.

In May the two sides re-launched talks that had Read More »

China rare earths exports double in November

AJOT | December 20, 2010 | International Trade

China's monthly exports of rare earth metals more than doubled in November to 2,090 tonnes, bouncing back after falling by more than three-quarters in October, data supplied by China Customs Statistics Information Centre (HK)

While the monthly volume Read More »

Hactl gives a warm welcome to Juneyao Airlines

AJOT | December 20, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced that Juneyao Airlines has appointed Hactl as its cargo ground handler at Hong Kong International Airport to support its new service between Hong Kong and Shanghai.

Juneyao Airlines (HO), a fast-g Read More »

China Eastern says stake in China Cargo falls

AJOT | December 20, 2010 | Air Cargo

China Eastern Airlines Corp Ltd said its stake in China Cargo Airlines would fall to 51 percent from 70 percent after a 1.55 billion yuan ($232.9 million) capital increase.

China Cargo Airlines, which had total assets of 4.6 billion yuan and net liabi Read More »

Emirates SkyCargo awards top UAE cargo agents

AJOT | December 20, 2010 | Air Cargo

Emirates SkyCargo's top cargo agents in the UAE have been recognized in style at the carrier's annual awards lunch in Dubai.

The agents ' representing 32 companies - were hosted by senior executives from Emirates SkyCargo ' including Ram Menen, Emirat Read More »