Safe Bulkers to buy up to 10 ships next year

AJOT | July 14, 2011 | Breakbulk & Projects

Safe Bulkers Inc , the fourth-largest U.S.-listed dry bulk carrier by market value, may buy up to 10 vessels next year as the weak market promises cheap bargains, its top executive said.

The company expects the new vessels to start operating by 2013, Read More »

ICTSI studying options on Portek bid

AJOT | July 14, 2011 | Ports & Terminals

The Philippines' International Container Terminal Services Inc (ICTSI) said it was studying its options on its takeover bid for Singapore's Portek International Ltd after Japan's Mitsui & Co gave a higher offer.

Mitsui said it had an agreement to acqu Read More »

PortofGraysHarbor.com receives honor in AAPA’s 2011 Communications Award Program

AJOT | July 14, 2011 | Ports & Terminals

The American Association of Port Authorities (AAPA), a trade group representing leading port authorities throughout the Western Hemisphere, has selected 20 seaports to be recognized for exemplary communication projects at its annual awards event later thi Read More »

Bunker levy passes the buck on tackling climate change, says BSC


AJOT | July 14, 2011 | Ports & Terminals

At its quarterly meeting held in London, the British Shippers Council (BSC) – a democratic arm of the UK’s Freight Transport Association – resolutely rebuffed proposals to impose a bunker levy on shippers to fund environmental compensation schemes. The C Read More »

EBay, Newell Rubbermaid invest in Shipwire

AJOT | July 14, 2011 | Transport Intermediaries

EBay Inc invested in logistics provider Shipwire, according to a statement, the latest example of the e-commerce company's push to add more services for merchants moving online.

Newell Rubbermaid Inc invested alongside EBay. The two companies join exi Read More »

Pilot Freight Services opens first location in Europe

AJOT | July 14, 2011 | Transport Intermediaries

Pilot Freight Services, a worldwide provider of transportation and logistics services, announced that it has opened a station in Amsterdam, Netherlands. This new location marks the first company-owned station fo Read More »

CP reopens flooded railway line in North Dakota

AJOT | July 14, 2011 | Intermodal

Canadian Pacific Railway Ltd has reopened its flooded mainline track running from southern Saskatchewan through North Dakota, five days earlier than it expected, a CP spokesman said.

The track around the city of Minot in north-central North Dakota, wa Read More »

DB Schenker Rail UK awarded SQAS safety certificate

AJOT | July 14, 2011 | Intermodal

Safety systems and processes for the transportation by rail freight of chemicals and petrol at DB Schenker Rail (UK) Ltd have been recognized by the award of a SQAS (Safety and Quality Assessment System) certificate to the company.

SQAS is a system us Read More »

JB Hunt Q2 profit, revenue rise

AJOT | July 14, 2011 | Intermodal

J.B. Hunt Transport Services Inc reported record quarterly earnings and met Wall Street forecasts, with double-digit growth in three of its four segments.

The freight transport company's intermodal segment, its largest, had the most robust profit grow Read More »

China pledges equal domestic and export rare earth policies

AJOT | July 14, 2011 | International Trade

China said it will meet World Trade Organization rules by applying the "same policies" to domestic and overseas rare earth companies, a day after the United States and Europe slammed China on its new quotas of the highly sought minerals.

"China will, Read More »

EU, Canada trade pact stalls on public services

AJOT | July 14, 2011 | International Trade

Talks about a free-trade pact between Europe and Canada stalled this week as negotiators disagreed on how to open public contracts and services markets to each other's operators.

It now seems unlikely a pact that could add billions to annual income an Read More »

Russia will not make WTO concessions on cars

AJOT | July 14, 2011 | International Trade

Prime Minister Vladimir Putin said Russia will not give up its new rules for vehicle assembly for major global manufacturers in order to win entry into the World Trade Organization.

The new rules, already accepted by companies such as General Motors , Read More »

Obama said ready to move on South Korea trade bill

AJOT | July 14, 2011 | International Trade

President Barack Obama will soon send a free trade pact with South Korea to Congress for approval despite Republican threats to vote against it because of a retraining program for workers displaced by trade, White House Chief of Staff Bill Daley said. Read More »

Hactl welcomes Tianjin Airlines

AJOT | July 14, 2011 | Air Cargo

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

Established in 2009, Tianjin Read More »

Swissport signs new contracts with TNT and Icelandair in Belgium

AJOT | July 14, 2011 | Air Cargo

Swissport International, the world's leading provider of ground services to the aviation sector, has sealed renewal contracts with TNT and Icelandair covering their cargo handling at Li'ge Airport for the next 3 years.

Following completion of the nego Read More »

Consolidation surges to record high in liner industry

AJOT | July 14, 2011 | Liner Shipping

Consolidation in the liner industry has surged to a record high as small start-up carriers find it increasingly difficult to compete against Maersk Line and other majors, an industry consultancy group said.

Industry leaders have placed multi-billion d Read More »

Maersk Line Ltd. wins US Navy prepositioning operation and maintenance contract

AJOT | July 14, 2011 | Liner Shipping

Maersk Line, Limited (MLL) has been awarded a multi-year contract for the operation and maintenance of five container and roll-on/roll-off ships in support of the Military Sealift Command's (MSC) and the Marine Corps Prepositioning Program. Read More »

MOL hybrid car carrier launch scheduled for June 2012

AJOT | July 13, 2011 | Breakbulk & Projects

Mitsui O.S.K. Lines, Ltd. announced the exterior and basic design of the hybrid car carrier aiming at zero emissions while berthed had been determined. As a 'project that develops systems to reduce CO2 emissions from ocean-going vessels,' the vessel earne Read More »

Diana Shipping announces delivery of the Panamax dry bulk carrier

AJOT | July 13, 2011 | Breakbulk & Projects

Diana Shipping announces delivery of the Panamax dry bulk carrier M/V Arethusa and commencement of time charter contract with Cargill

Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced toda Read More »

Vale gets 1st China-built mega iron ore carrier

AJOT | July 13, 2011 | Breakbulk & Projects

Brazilian mining firm Vale SA has received its first Chinese-built mega bulk carrier, swelling what will be an unprecedented fleet linking the world's biggest iron ore producer with its biggest client, China.

The arrival of the 400,000-ton vessel, Val Read More »