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 »

Ships looking at avoiding Japan risk areas

AJOT | March 16, 2011 | Ports & Terminals

A number of ship owners are considering avoiding high risk areas in Japan and could re-route their vessels due to fears over the potential spread of radiation, shipping sources said on Wednesday. Japan's nuclear crisis appeared to be spinning out of contr Read More »

Japan-bound grain ships unable to unload

AJOT | March 16, 2011 | Ports & Terminals

At least nine vessels carrying grain bound for Japan are unable to discharge their cargoes due to problems at the country's ports hit by last week's earthquake and tsunami, trade sources said.

Japanese ports have sustained damage, disrupting supply ch Read More »

Southeastern Freight Lines meets the needs of 3PL providers

AJOT | March 16, 2011 | Intermodal

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, has long recognized that third-party logistics companies (3PLs) are performing valuable services for customers and has developed technology sol Read More »

Forklift group Manitou sees Japan risks

AJOT | March 16, 2011 | Intermodal

French forklift and crane trucks group Manitou faces risks from the disaster in Japan, where it buys parts such as engines, though it is too early to assess any impact on sales, its chief executive said.

Business during the first quarter ending March Read More »

CN disappointed in court decision on EJ& E grade separation projects

AJOT | March 16, 2011 | Intermodal

CN expressed disappointment with the decision of the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C. denying the company's request to reverse the Surface Transportation Board's (STB) order requiring the railroad pay for the Read More »

Greenbrier may post Q2 loss

AJOT | March 16, 2011 | Intermodal

Railroad equipment supplier Greenbrier Cos Inc May continue to post a quarterly loss, even as it forecast better-than expected revenue on increased orders.

The company said it expects results to be close to analysts' expectation of a loss of 1 cent a Read More »