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Lufthansa needs more cargo freighters by 2015

AJOT | December 05, 2010 | Air Cargo

German airline Lufthansa's cargo unit will need extra capacity equivalent to six MD-11 freighters by 2015 to meet rising demand, particularly growth into and out of Asia.

Among sectors, the pharmaceutical industry, a major customer for Luftha Read More »

EU plans closer inspections of air cargo

AJOT | December 05, 2010 | Air Cargo

The European Union plans to boost security measures for air cargo arriving from outside the bloc because of concerns about parcel bombs, EU officials said.

Aviation security is a growing worry in Europe since two parcel bombs mailed from Yeme Read More »

Air freight grows 14.4% yr/yr in October

AJOT | December 05, 2010 | Air Cargo

International air cargo traffic picked up in October after falling since May to stand 14.4 percent higher than a year earlier, the airline industry body IATA said.

October's year-on-year increase in air freight -- an important indicator of tr Read More »

Matson’s 2011 Westbound Hawaii Service rates to increase

AJOT | December 05, 2010 | Liner Shipping

Matson Navigation Company announced today that it will raise its rates for the company's Hawaii service by $120 per westbound container and $60 per eastbound container, effective January 2, 2011. Matson estimates that this increase will raise rates by an Read More »

Shipping Corp share sale covered nearly 5 times on last day

AJOT | December 05, 2010 | Liner Shipping

Indian state-run Shipping Corp of India's follow-on share sale of up to $259 million was subscribed nearly 5 times, the final day of the offer, marking the latest in a series of successful offerings by the federal government this fiscal year.

Read More »

MOL opens Ivory Coast office

AJOT | December 05, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL), one of the world's largest global multimodal transportation companies, opened its own office in Abidjan, Ivory Coast on 1st December 2010. Read More »

Shipping industry urges action to address overweight containers

AJOT | December 05, 2010 | Liner Shipping

The World Shipping Council (WSC) and the International Chamber of Shipping (ICS) urged the International Maritime Organization (IMO) to establish an international legal requirement that all loaded containers be weighed at the marine port facility before t Read More »

CMA CGM and YILDIRIM sign agreement

AJOT | December 05, 2010 | Liner Shipping

The agreement enables CMA CGM to strengthen its equity base and secure the financing of its investment plan.
Under its terms, YILDIRIM Group will invest $500 million in CMA CGM by acquiring five-year ORA equity notes giving access to 20% of CMA CGM Read More »

SeaFreight announces the inauguration of Costa Rica and Nicaragua service

AJOT | December 05, 2010 | Liner Shipping

Miami operated SeaFreight Line announced that it will begin a new weekly fixed day service calling on Costa Rica and Nicaragua via Puerto Limon in December. The new service will commence from Jacksonville Florida on December 6th and Port Everglades Dec 7t Read More »

Dole Ocean Cargo Express selects Descartes’ Customs Filings Solution

AJOT | December 05, 2010 | Liner Shipping

Descartes Systems Group announced that Dole Ocean Cargo Express, a division of Dole Food Company, has selected Descartes' Global Filer to manage its import and export customs filings for the upcoming European Union (EU) regulations on advanced entry (ICS) Read More »

Evergreen Line to vessel-share with MCC Transport on Malaysia-Bangladesh Service

AJOT | December 05, 2010 | Liner Shipping

Evergreen Line will be vessel sharing with MCC Transport on its Malaysia - Bangladesh Shuttle (MBS) service commencing December 16, 2010.

Evergreen Line has served transport cargo to and from the Bangladesh area by common feeder at Colombo Harbor. Due Read More »

Horizon Lines honored with Environmental Excellence Recognition by the Chamber of Shipping of…

AJOT | December 05, 2010 | Liner Shipping

Horizon Lines, Inc. the leading U.S. domestic ocean shipping and integrated logistics company, has been recognized for outstanding achievements in environmental excellence by the Chamber of Shipping of America (CSA) at a dinner ceremony in Washington, D.C Read More »

CMA CGM confirms its commitment to climate change initiatives

AJOT | December 05, 2010 | Liner Shipping

While CMA CGM has already reduced CO2 emissions by 35% since 2005, the Group continues to pursue actions taken to minimize the impact of its activities on the environment.

The reduction of CO2 emissions on a global level is an essential factor for th Read More »

Golden Ocean Q3 beats forecasts, rates hold up

AJOT | November 23, 2010 | Breakbulk & Projects

Dry bulk shipping company Golden Ocean Group Ltd. beat forecasts for third-quarter core profit and said rates had held up surprisingly well despite new ships entering the global market.

Operating profit fell 37 percent to $47 million, reflect Read More »

Ellenberg to join South Carolina Ports as VP, Cargo Development

AJOT | November 23, 2010 | Ports & Terminals

The South Carolina State Ports Authority (SCSPA) has hired an accomplished industry recruiter to increase port-related business and development in the state.

Jack Ellenberg will join the SCSPA in January as Vice President, Cargo Development. Read More »

Konecranes CEO says Demag merger makes sense

AJOT | November 23, 2010 | Ports & Terminals

The chief executive officer of Finland's Konecranes said a merger with German rival Demag Cranes AG makes sense, but the maker of industrial lifting gear does not need a large deal to grow in a fragmented market.

"There would be an industrial Read More »

APM Terminals eyes acquisitions, industry crisis over

AJOT | November 23, 2010 | Ports & Terminals

The port operating arm of Danish shipping giant A.P. Moller-Maersk is considering several acquisition opportunities in Asia as the industry recovers from its crisis, executives said.

The economic downturn in the box shipping industry has ende Read More »

Employment peaking at Great Lakes Shipyards

AJOT | November 23, 2010 | Ports & Terminals

When the 1,000-foot-long Great Lakes freighter EDWIN H. GOTT arrives at Bay Shipbuilding Company in Sturgeon Bay, Wisconsin, today, it will mark the beginning of the busiest time of year for Great Lakes shipyards. This project and other annual winter mai Read More »

San Pedro Bay Ports Clean Air Action Plan update approved

AJOT | November 23, 2010 | Ports & Terminals

Reaffirming their commitment to slash air pollution from the nation’s two busiest seaports, harbor commissioners from Los Angeles and Long Beach came together for a special joint session on November 22, and unanimously approved a new, improved version of Read More »

South Korea port traffic unaffected by North Korea shelling

AJOT | November 23, 2010 | Ports & Terminals

Ports in South Korea remained open and shipping lanes were not impacted by artillery fire from North Korea, maritime agents and shipbrokers said. Read More »

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