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NOL: cargo up 34% in April amid shipping recovery

AJOT | May 24, 2010 | Liner Shipping

Singapore's Neptune Orient Lines (NOL), the world's fifth-biggest container shipping firm, said on Monday it carried 34 percent more containers from April 3 to April 30 from a year ago.

NOL said in a statement it carried the equivalent of 212 Read More »

DryShips bullish on drybulk; priority remains drilling

AJOT | May 20, 2010 | Breakbulk & Projects

Despite its bullish view on the drybulk market, Greek drybulk shipper and deepwater driller DryShips Inc's will continue to place bets on its laggard drilling segment, a top executive said.

"Our focus right now remains on drilling, that's whe Read More »

Ship oversupply to hit dry bulk freight rates

AJOT | May 20, 2010 | Breakbulk & Projects

Dry bulk ship oversupply will pressure freight rates in the second half of 2010 and average earnings for larger capesize vessels could fall below $30,000 a day, a senior Credit Suisse official said.

While demand for commodities is picking up Read More »

Construction of Maasvlakte 2 enters new phase

AJOT | May 20, 2010 | Ports & Terminals

The construction of Maasvlakte 2, the port of Rotterdam's land reclamation project, is proceeding well. This month, the 120 millionth m3 of sand was sprayed on. This means that half of all the sand needed for the first phase of Maasvlakte 2 up to 2013 has Read More »

Port of Vancouver USA to potentially sell land to Farwest Steel

AJOT | May 20, 2010 | Ports & Terminals

The Port of Vancouver USA announced plans to consider the surplus of up to 22 acres of industrial property in preparation for a potential sale to Farwest Steel Corporation, one of the leading distributors, processers and fabricators of specialty steel pro Read More »

China’s Cosco says will not halt Greek investment

AJOT | May 20, 2010 | Ports & Terminals

China's Cosco said it would go ahead with investments in Greece's largest port Piraeus despite the crisis that has hit the Greek economy and sent shockwaves throughout the euro zone.

Greece is battling a 300 billion euro ($375 billion) debt a Read More »

Vietnam to keep pace with port infrastructure

AJOT | May 20, 2010 | Ports & Terminals

CMIT Executive Emphasizes need for land-based infrastructure to meet needs of expected container terminal volume growth at ASEAN Ports & Shipping Conference

Addressing the 8th ASEAN (Association of Southeast Asian Nations) Ports & Ship Read More »

US scrap suppliers perplexed over new Chinese duty

AJOT | May 20, 2010 | Ports & Terminals

A pending customs rule to stop duty evasions on scrap metal shipments to China are confusing and time consuming, but will unlikely stop U.S. suppliers from sending base metal scrap to the world's largest consumer.

Participants at this year's Read More »

South.Africa transport unions split over wage deal

AJOT | May 20, 2010 | Ports & Terminals

A South African transport strike that has crippled rail and port operations looked set to drag on after one of two unions rejected a revised wage deal by state-owned logistics group Transnet.

The strike, in its second week, has curbed exports Read More »

WTO’s Lamy sees trade pact boosting green goods

AJOT | May 20, 2010 | International Trade

Talks on freeing up commerce in environmental goods and services, which will have special treatment in a new global trade pact, are making progress, the head of the World Trade Organization said. Read More »

US, EU clash over trade sanctions at WTO

AJOT | May 20, 2010 | International Trade

The United States and European Union clashed over retaliation that the EU is seeking for illegal U.S. duties, with the two trading giants disputing the fundamentals of trade law and details of the case.

The EU call for retaliation is the late Read More »

BA posts record FY loss, eyes breakeven in 2010/11

AJOT | May 20, 2010 | Air Cargo

British Airways posted a record 531 million pounds full-year loss, hit by the recession, industrial disputes and the winter snow, though its ambitions to break even next year could by hit by more strikes. Read More »

Uncertainties in macro-economic US economy and Eurozone will continue to threaten air cargo

AJOT | May 20, 2010 | Air Cargo

The next two years will not be plain sailing for airlines despite an encouraging recovery in the freight market since last fall, according to David Hoppin, Managing Director of the respected transport and logistics analyst MergeGlobal. Read More »

Air Company Yakutia on track to achieve international safety standards

AJOT | May 20, 2010 | Air Cargo

Russia's Air Company Yakutia selected Lufthansa Consulting to assist in the thorough preparation for the IATA Operational Safety Audit, IOSA. Now the airline has also contracted the German aviation experts to support the company in achieving conformity wi Read More »

Hactl welcomes Polet Cargo Airlines and MNG Airlines to Hong Kong

AJOT | May 20, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced that Polet Cargo Airlines and MNG Airlines have appointed Hactl's one-stop-shop services for cargo ground handling at the Hong Kong International Airport to support their new charter freighter servic Read More »

US, EU raise worries over Japan Post

AJOT | May 20, 2010 | Air Cargo

The United States and European Union contested the status of Japan's mammoth postal, banking and insurance conglomerate, saying the special treatment of the group hurts private-sector competitors.

Japan Post's status creates an unlevel playin Read More »

BA union wins UK court appeal over strike ruling

AJOT | May 20, 2010 | Air Cargo

A British Airways cabin crew trade union won an appeal against a legal injunction last week that had blocked a new wave of walkouts by the airline's staff.

Seeking a settlement, the Unite union said it would not strike before this week and th Read More »

Singapore Air Q4 net beats forecast, sees growth

AJOT | May 20, 2010 | Air Cargo

Singapore Airlines (SIA) , the world's second most valuable airline, said advance travel booking is encouraging and cargo demand will hold up after it posted a better-than-expected seven-fold jump in quarterly profit.

Singapore flag carrier a Read More »

Crowley recognized for its EcoStewardship

AJOT | May 20, 2010 | Liner Shipping

Crowley Maritime Corp. was recently recognized for its environmental stewardship by the Port of the Seattle and Seattle Propeller Club, which teamed to present the company with its runner up award for Marine Environmental Business of the Year. The awards Read More »

Intercargo welcomes approval of circular on loading rates at MSC 87

AJOT | May 18, 2010 | Breakbulk & Projects

The 87th Session of the IMO Maritime Safety Committee (MSC 87), currently in session (12-21 May), has approved a Circular on "Additional Considerations for the Safe Loading of Bulk Carriers". The Circular, re-enforces existing requirements relating to the Read More »

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