Port of Santos sees more strong growth

AJOT | August 29, 2011 | Ports & Terminals

Brazil's dominance on world commodities markets over the centuries was built on the flow of ships through Santos, which is expected to triple movement of cargo over the next 15 years as it has over the past 20, the port authority said.

Latin America's Read More »

Arshiya Intl to spend 1.5 blllion rupees to hike rail capacity

AJOT | August 29, 2011 | Transport Intermediaries

Logistics firm Arshiya International expects to spend 1.5 billion rupees to double its rail capacity to 30 rakes by the end of fiscal year ending March 2012, Sajal Mittra, chief executive of its unit Arshiya Rail, said.

The rakes will be used primaril Read More »

IJS Global establishes head office at Schiphol

AJOT | August 29, 2011 | Transport Intermediaries

IJS Global, a major provider of global logistics services, has signed a lease with Schiphol Real Estate for approximately 2,000 m2 of office space and 5,400 m2 of business accommodation at Schiphol-South. The premises at Schiphol will be IJS Global's new Read More »

Transnet says proposed split needs debate

AJOT | August 29, 2011 | Intermodal

The head of South Africa's logistics group Transnet said that it was "inappropriate" to speak about a split of the freight rail unit from the group at this time and that the matter needed more debate before a decision is made.

Quoting proposals by the Read More »

Ukraine says to seek trade compromise with Russia

AJOT | August 29, 2011 | International Trade

Ukraine will seek a compromise trade deal with ex-Soviet overlord Russia, Ukrainian President Viktor Yanukovich said after Moscow told Kiev to either join its regional customs union or risk a trade war.

Russian President Dmitry Medvedev ruled out a sp Read More »

German electronics sector slows after record exports

AJOT | August 29, 2011 | International Trade

Germany's electronics industry growth is expected to slow down after exports grew by a record 11 percent in the first six months of the year thanks to strong demand in China and the United States.

"Speed and dynamics of growth will normalise in the se Read More »

US steel imports fall in July over June

AJOT | August 29, 2011 | International Trade

US steel imports declined in July compared to June by 4.5 percent according to preliminary government data. 'Imports from Canada and semifinished imports declined in July compared to June reflecting weakening conditions in July as prices softened in resp Read More »

Chicago groups sound alarm on Pacific trade pact

AJOT | August 29, 2011 | International Trade

An umbrella group of activists opposed to a proposed U.S. trade deal with eight countries in the Asia Pacific region said they aim to raise public awareness of its potential effects on jobs and the environment when negotiators meet next month in Chicago. Read More »

Another Customs first for Cargoitalia

AJOT | August 29, 2011 | Air Cargo

Cargoitalia ' Italy's all-cargo flag carrier ' has been uniquely approved by Italian Customs to submit electronic T1 forms from September 1st. The move will enable the airline to cut transit times for inbound cargo whose final delivery is by road.

The Read More »

CMA CGM Corporate Foundation mobilizes alongside the World Food Program to help Somalia

AJOT | August 29, 2011 | Liner Shipping

The CMA CGM Corporate Foundation has joined forces with the World Food Program (WFP), the United Nations agency at the forefront in the fight against hunger, to transport aid to the Horn of Africa, which is suffering its worst drought and famine for decad Read More »

China COSCO posts H1 loss on falling freight rates

AJOT | August 29, 2011 | Liner Shipping

China COSCO Holdings, flagship of the country's premier shipping firm, posted a higher-than-expected net loss of 2.76 billion yuan ($430 million) for the first six months of the year due to falling freight rates and high oil prices.

China COSCO , whic Read More »

China COSCO says ship seizures in disputes are common

AJOT | August 29, 2011 | Liner Shipping

China COSCO Holdings said that vessel seizures during contract disputes are common as it is embroiled in disagreements with several shipowners over payments.

China COSCO's President Zhang Liang told a news conference that the company had the ability t Read More »

CMA CGM confident in a fluctuating, difficult environment

AJOT | August 29, 2011 | Liner Shipping

CMA CGM, the world's third largest container shipping company, has reported revenue of $7.3 billion for the first six months of 2011, an increase of 8% compared with the year-earlier period. Business benefited from an increase in volumes carried and stabl Read More »

MOL earns commendation from Cambodian government for role in transport of medical vehicles and equip

AJOT | August 29, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. has announced that it has received a commendation from the government of Cambodia for its support of a project to supply the nation with medical vehicles and equipment in Phnom Penh.

MOL cooperated with non-profit organizatio Read More »

China COSCO says resolved some lease disputes, shipowners hopeful

AJOT | August 29, 2011 | Liner Shipping

China COSCO Holdings Co Ltd's president said the company has resolved lease disputes with shipowners on 18 vessels, and at least two Greece-based shipowners said they hope to reach a settlement soon.

Zhang Liang told a video conference in Hong Kong th Read More »

Railway to transport containerized cargo at Port Everglades

AJOT | August 24, 2011 | Ports & Terminals

The Broward County Board of County Commissioners has unanimously approved a Memorandum of Understanding (MOU) with the Florida East Coast Railway (FEC) to construct and operate an Intermodal Container Transfer Facility (ICTF) on 42.5 acres of land at Port Read More »

Asciano back in profit, not separating business units

AJOT | August 24, 2011 | Ports & Terminals

Australian rail and ports operator Asciano Ltd posted a full-year profit broadly in line with expectations and said it had decided not to spin-off its ports operations following a strategic review of its business structure.

Asciano said net profit was Read More »

Port of Everett contracts with Midwest representative to increase shipping

AJOT | August 24, 2011 | Ports & Terminals

In August, the Port of Everett contracted with Interocean Steamship Corporation, represented by Jim Bavaro, to serve as the Port’s Midwest Agent to help facilitate and generate additional cargo opportunities.

Interocean Steamship Corporation, based Sa Read More »

South Africa may split rail from Transnet

AJOT | August 24, 2011 | Ports & Terminals

The rail operations of South Africa's state-owned freight logistics group Transnet may be split into a separate firm if proposals by the Department of Transport are implemented, the Business Day newspaper reported.

Transnet operates South Africa's ent Read More »

China’s COSCO Pacific plans more overseas investments

AJOT | August 24, 2011 | Ports & Terminals

COSCO Pacific Ltd , a China-owned container leasing and port operator, plans to increase investments in overseas ports as certain advanced markets reel from financial woes, an executive told reporters.

COSCO Pacific, a unit of China COSCO Holdings , a Read More »