Steel exports decline in April reflecting softer demand in NAFTA region

AJOT | June 16, 2011 | International Trade

Exports declined by 9.3 percent in April from March, according to government reporting. 'Softening shipments to the NAFTA region led the decline in April, although there was some good news as non-NAFTA Western Hemisphere shipment rose, mostly due to a ju Read More »

Ottawa set to step in to halt Air Canada strike

AJOT | June 16, 2011 | Air Cargo

The Canadian government said it is preparing legislation to order nearly 4,000 striking Air Canada Inc customer service and sales agents back to work.

Finance Minister Jim Flaherty said the strike at the country's biggest airline is damaging the econo Read More »

Fraport Cargo Services switches to LED lighting in warehouse

AJOT | June 16, 2011 | Air Cargo

Following the successful installation and use of LED lamps in its truck station, Fraport Cargo Services (FCS) is now planning to introduce this lighting technology throughout its 48,000-square-meter handling warehouse in CargoCity South of Frankfurt Airpo Read More »

UK bars UPS cargo screening at some airports

AJOT | June 16, 2011 | Air Cargo

Britain has restricted the number of sites at which United Parcel Service can screen air cargo at some airports until the courier company improves its security procedures, the government said.

The transport ministry said the restrictions were not base Read More »

Oman signals intent to buy Hapag-Lloyd stake

AJOT | June 16, 2011 | Liner Shipping

An Omani state-owned fund has told TUI AG in writing that it wants to buy a stake in Hapag-Lloyd from the German tourism group, a person familiar with the matter said.

There is no binding agreement yet, though, the person said, and China's HNA Group i Read More »

Hanjin Shipping to invest $845.9 mlllion in 5 vessels

AJOT | June 16, 2011 | Liner Shipping

South Korea's Hanjin Shipping Co Ltd said that it would spend 923.6 billion won ($845.9 million) on building five container ships. Read More »

Maersk Line says Asia freight rates very low

AJOT | June 16, 2011 | Liner Shipping

Container shipping rates are still low on Asia-to-Europe routes because of a glut of capacity entering the market, the head of the world's biggest container shipping company told a German paper. Read More »

Maersk sees bumper growth in Asia-Africa commods trade

AJOT | June 16, 2011 | Liner Shipping

Maersk Line, the world's top container shipping firm, sees double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year as demand for food commodities surges in frontier markets, an executive said.

Maersk, CMA CGM, Nippo Read More »

Eagle Bulk says suit filed against officers, directors

AJOT | June 14, 2011 | Breakbulk & Projects

Eagle Bulk Shipping Inc , a U.S. dry cargo transporter, said a lawsuit has been filed against certain of its present and former officers and directors alleging breach of fiduciary duty.

The New York City-headquartered company said the complaint involv Read More »

Change at the top at Rickmers-Linie in North America

AJOT | June 14, 2011 | Breakbulk & Projects

After eight years at the helm of Rickmers in the United States, Jerry Nagel has been appointed Chairman of the Board of Rickmers-Linie (America) Inc. In this position he will continue to participate and contribute with his experience to the activit Read More »

More ships at US ports

AJOT | June 14, 2011 | Ports & Terminals

A report released from the U.S. Maritime Administration shows more ships are stopping at U.S. ports. The stops, or vessel calls, rebounded by 13 percent in 2010, after an eight percent decline in 2009. Oceangoing vessel calls reflect waterborne trade be Read More »

Port Everglades moves toward public/private partnership with FEC for rail to transport cargo

AJOT | June 14, 2011 | Ports & Terminals

The Broward County Board of County Commissioners unanimously approved action authorizing the Port Everglades Department staff to negotiate a Memorandum of Understanding (MOU) with the Florida East Coast Railway Read More »

Portek says yet to decide on ICTSI takeover offer

AJOT | June 14, 2011 | Ports & Terminals

The head of Singapore's port operator Portek International said the company has not yet decided on a takeover bid from the Philippines' International Container Terminal Services Inc (ICTSI) .

ICTSI has offered S$1.20 for each Portek share, valuing the Read More »

Congestion hits Thai ports, sugar exports still flow

AJOT | June 14, 2011 | Ports & Terminals

Congestion in Thai ports and problems with river transportation forced trading houses to find alternative routes to ship sugar, allaying fears of a build up in stocks as domestic output hits record this year, industry sources said.

Cargo clearance at Read More »

Lease agreement with PNCT and MSC guarantees increased cargo volume port-wide

AJOT | June 14, 2011 | Ports & Terminals

The Port Authority Board of Commissioners approved a restructured lease with Port Newark Container Terminal (PNCT) that will provide $500 million in private capital investment to upgrade the existing facility into a state-of-the-art terminal. The restruc Read More »

India’s Mundra Port boosts coal imports, plans LNG expansion

AJOT | June 14, 2011 | Ports & Terminals

India's Mundra Port, the country's largest private port, expects to import 40 percent more coal this year and open a liquefied natural gas terminal by 2015 to meet the growing power demands of Asia's third largest economy.

Mundra will handle more than Read More »

Port signs lease with Sapa Extrusions

AJOT | June 14, 2011 | Ports & Terminals

The Port of Vancouver announced the signing of a long-term lease with Sapa Extrusions, North America‚Äôs largest provider of extruded aluminum profiles, for a 142,800 square foot building located at 2001 Kototbuki Way. The 15-year lease, with two five-year Read More »

South Korea’s main port to handle 15% more cargo this year

AJOT | June 14, 2011 | Ports & Terminals

South Korea's Busan container port, the world's fifth busiest, expects to handle around 15 percent more cargo this year than last due to strong imports from China and regional transhipments, a port executive said.

Increased activity at South Korea's m Read More »

Transnet mulls new cargo line

AJOT | June 14, 2011 | Intermodal

South African freight logistics group Transnet said it may build a new rail line to the port at Richards Bay via Swaziland to free up capacity on its main coal export line.

Coal miners in South Africa have been unable to ship all their coal destined f Read More »

Transport Corp FY12 capex at 1.1 blllion rupees

AJOT | June 14, 2011 | Intermodal

Transport Corp of India has earmarked about 1.1 billion rupees in FY12 to expand its fleet of trucks and ships as also its warehousing facility, a top official said at an analyst meeting. Read More »