Joy Global buys more shares of China’s IMM

AJOT | August 03, 2011 | International Trade

U.S. mining equipment maker Joy Global Inc said on Friday it bought 10.5 percent of China's International Mining Machinery Holdings Ltd (IMM) for about $140 million in the open market.

Joy Global said the 136.5 million shares it bought adds to the 41 Read More »

US business urges big changes in WTO trade talks

AJOT | August 03, 2011 | International Trade

With U.S. economic growth nearly stalled and unemployment stuck above 9 percent, Caterpillar's man in Washington, Bill Lane, has been pitching what many think is a crazy idea: one more try to reach a big market-opening deal through the World Trade Organiz Read More »

Hactl announces July tonnage throughput

AJOT | August 03, 2011 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage throughput for July 2011. A total of 237,739 tonnes were handled in the month, representing a decrease of 7.7% year-on-year. Cumulative tonnage for the first seven months of the year was Read More »

Deutsche Post upbeat after strong Q2

AJOT | August 03, 2011 | Air Cargo

Deutsche Post DHL nudged up its 2011 outlook as it cut costs and garnered more customers seeking supply chain services.

As the economy improves, manufacturers of machine parts, cars and other goods ramp up production and pay Deutsche Post to transport Read More »

GMR Infra considering bid for Spain airports

AJOT | August 03, 2011 | Air Cargo

India's GMR Infrastructure is considering a bid to operate airports at Barcelona and Madrid, after the Spanish government authorised a stake sale in the two aerodromes, a company spokesman said. Read More »

Atlas Air cuts forecast, citing jet delays

AJOT | August 03, 2011 | Air Cargo

Cargo carrier Atlas Air Worldwide Holdings Inc said quarterly profit fell as it paid more for aircraft fuel, and the company cut its full-year forecast, citing delivery delays for Boeing freighter planes.

Net income came to $23.8 million, or 90 cents Read More »

Mexico airport company GAP riled over takeover bid

AJOT | August 03, 2011 | Air Cargo

Controlling shareholders at Mexican airport operator Grupo Aeroportuario del Pacifico (GAP) are fighting a takeover bid by copper mining company Grupo Mexico that is mired in a complicated court battle.

Grupo Mexico has steadily been buying shares of Read More »

Schiphol Cargo growth continues in first half

AJOT | August 03, 2011 | Air Cargo

Amsterdam Airport Schiphol has continued to show healthy cargo growth throughout the first six months of 2011. Overall cargo tonnage handled through the airport was 753,073 tons - up 5.2% compared to the same period of 2010.

Schiphol has outperformed Read More »

CMA CGM Group launches a new Asia to West Africa direct service

AJOT | August 03, 2011 | Liner Shipping

CMA CGM Group is pleased to announce the launch of a new direct service linking Asia to West Africa, effective August 3rd, 2011

Named WAX II, this new service will be operated in partnership with CSAV and will deploy 10 vessels from 2,500 TEUs up to 3 Read More »

TSA Lines to implement peak season surcharge

AJOT | August 03, 2011 | Liner Shipping

Container shipping lines serving the Asia-US trade lane say they see positive indications of a peak season on the horizon, as retailers begin re-stocking shelves for the back-to-school and holiday seasons and as businesses resume global sourcing of materi Read More »

Evergreen Line awarded environmental award at the Ports of LA & LB

AJOT | August 03, 2011 | Liner Shipping

The ports of Los Angeles and Long Beach presented Evergreen Line with a 2011 Clean Air Action Plan (CAAP) Air Quality Awards, an honor given to those taking extraordinary measures to cut air emissions, modernize facilities and implement innovative operati Read More »

MOL announces upgrade in CX1 service linking Panama, Manaus

AJOT | August 03, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced upgrade of its CX1 feeder service between Panama and Manaus and the beginning of independent operation on the route.

The move will provide additional space on this rapidly growing trade with four 1,700 TEU ships and Read More »

MOL & H’egh Autoliners create Euro Marine Logistics to handle
 European short sea…

AJOT | August 03, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (Tokyo) and H'egh Autoliners AS (Oslo) have set up a 50/50 joint venture in Europe, integrating the existing European short sea and logistics activities of both shareholders and of Euro Marine Carrier BV.

The new company, nam Read More »

WWL Americas enhances management team

AJOT | August 03, 2011 | Liner Shipping

Wallenius Wilhelmsen Logistics (WWL) has announced changes to its executive team:

John Felitto takes on the role of President and CEO of WWL Vehicle Services Americas. Felitto, who joined the company more than 10 years ago, has been operating in this Read More »

Patterson named a project director for UTC Overseas Project Division

AJOT | July 27, 2011 | Breakbulk & Projects

The Houston-based Project Division of UTC Overseas, Inc. announced the appointment of Brent Patterson as a Project Director with the firm. In that capacity he will oversee project development of industrial and global capital projects and services to Engi Read More »

Panamax ship scrapping to hit record in 2011-broker

AJOT | July 27, 2011 | Breakbulk & Projects

Scrapping of panamax dry bulk vessels is on course to hit an all-time high this year as the sector faces growing pressure from a record number of new ships entering the fleet, ship broker SSY said.

The outlook for dry bulk rates has been grim because Read More »

Panama Canal and GPA renew and strengthen alliance

AJOT | July 27, 2011 | Ports & Terminals

The Panama Canal Authority (ACP) and the Georgia Ports Authority (GPA), which owns and operates the Port of Savannah, renewed their ties today with the signing of a Memorandum of Understanding (MOU). The MOU, renewable for five years, was first signed in Read More »

Ports of Los Angeles & Long Beach announce clean air award winners


AJOT | July 27, 2011 | Ports & Terminals

The Ports of Los Angeles and Long Beach have selected seven local maritime and cargo companies as this year’s recipients of the Clean Air Action Plan Air Quality Awards, an honor presented to those taking extraordinary measures to cut air emissions, moder Read More »

Permanent concrete work begins at Panama Canal expansion

AJOT | July 27, 2011 | Ports & Terminals

In yet another major milestone for the Panama Canal Expansion Program, permanent concrete work for the Atlantic and Pacific new set of locks recently began – marking one of the most important phases of the construction.

Last March, the contractor, Gr Read More »

Gottwald cranes christened for Associated Terminals

AJOT | July 27, 2011 | Ports & Terminals

Associated Terminals is in the midst of another busy year for capital expenditures, taking delivery of two new floating cranes. In a slight departure from recent christenings, the company held two ceremonies on-site, the first at the Port of St. Bernard a Read More »