OAG Cargo targets growth in Eastern Europe with appointment of new GSA partner

AJOT | May 12, 2011 | Air Cargo

OAG Cargo is seeking new business opportunities in Eastern Europe for its leading decision support tools for the air cargo industry with the appointment of DAEDALUS Sales & Marketing Consultants as its general sales agent in the region.

OAG Cargo's po Read More »

Organization offers new free training for veterans in air freight

AJOT | May 12, 2011 | Air Cargo

A non-profit organization has begun to offer the first free training program in air freight for U.S. Army, Navy and Marine Corps veterans.

The organization, known as Operation Must Do and created to aid veterans find employment in the air freight indu Read More »

CMA CGM to launch a new service between Asia, Indian Ocean Islands and South Africa

AJOT | May 12, 2011 | Liner Shipping

CMA CGM Group announced the launching of a new service linking Asia, Indian Ocean Islands and South Africa, effective May 8th, 2011.

Called Shaka Express, this new weekly service will deploy 6 vessels between 4500 and 6500 TEU, and will allow CMA CGM Read More »

Zepol reports April vessel imports increase

AJOT | May 12, 2011 | Liner Shipping

Zepol Corporation, the leading trade intelligence company,reports that U.S. import shipment volume for April, measured in TEUs, increased 7.95% from March and 5.68% from April of 2010. The total number of shipments also increased 7.25% from March and near Read More »

OOIL says orders six container vessels from Samsung

AJOT | May 12, 2011 | Liner Shipping

Orient Overseas (International) Ltd said it has ordered four new container ships from Korean shipbuilder Samsung Heavy Industries Co Ltd for a total of $544 million. Read More »

TUI taking time to decide on Hapag-Lloyd exit

AJOT | May 12, 2011 | Liner Shipping

TUI AG said it was taking its time to decide on how best to exit its stake in container shipping group Hapag-Lloyd.

The group, which also controls tour operator TUI Travel Plc , holds just under 50 percent of Hapag-Lloyd and is following a dual-track Read More »

Container firms passing on record bunker fuel costs to clients

AJOT | May 12, 2011 | Liner Shipping

Global container shipping firms are passing on record bunker fuel costs to retailers, manufacturers and other clients reliant on vessels for exporting their goods, an industry consultancy group said.

Singapore's benchmark bunker fuel price surged to 2 Read More »

Maersk first quarter tops forecast

AJOT | May 12, 2011 | Liner Shipping

A.P. Moller-Maersk reported first-quarter net profit at the top end of expectations, helped by higher than expected freight rates and buoyant oil prices.

They reiterated that 2011 earnings would be lower than 2010 and also repeated guidance for a "sat Read More »

Carrier expands service to Australia and New Zealand
PIL’s new route should aid exporters

AJOT | May 12, 2011 | Liner Shipping

Pacific International Lines has announced it is expanding its China Transpacific Service string to include ports in Australia and New Zealand on its westbound leg. Read More »

China to expand Yangtze shipping by 2015

AJOT | May 04, 2011 | Breakbulk & Projects

Bulk freighters will be able to avoid congestion around Shanghai and sail up China's Yangtze River as far as Nanjing under a $2.7 billion plan to deepen the navigation channel by 2015, Xinhua News Agency reported.

The river would be navigable for ship Read More »

Rickmers-Linie upgrades Indian service 
with the addition of new vessels

AJOT | May 04, 2011 | Breakbulk & Projects

Rickmers-Linie, the German liner specialist for project cargoes and heavy lifts, is upgrading its Indian service with the addition of new vessels. It will also provide a direct service both eastbound and westbound between Europe and India although calls i Read More »

Belgium finds radiation on containers from Japan

AJOT | May 04, 2011 | Ports & Terminals

Belgium's radiation safety regulator has discovered radiation levels surpassing European Union limits on a shipping container from Japan, the agency said.

The agency is decontaminating the container after it found radiation from Cesium-137 being emitt Read More »

World’s largest roll-on/roll-off ship comes to Port of Baltimore

AJOT | May 04, 2011 | Ports & Terminals

The largest roll-on/roll-off ship in the world visited the Port of Baltimore on Sunday, May 1 and Monday, May 2. Operated by Wallenius Wilhelmsen Logistics, the Tonsberg, with 4.87 million cubic feet of available space for autos, farm and construction eq Read More »

Kenya’s Mombasa port 2010 cargo volume up 12%

AJOT | May 04, 2011 | Ports & Terminals

Container traffic through Kenya's main port, serving several countries in the region, grew by 12 percent in 2010 on the back of a resurgent global economy, its operator said.

Traffic through Mombasa port is watched as an indicator of activity in the r Read More »

Santos Brasil orders 12 Kalmar all-electric E-One2 RTGs

AJOT | May 04, 2011 | Ports & Terminals

Cargotec has received a further order from Santos Brasil S/A for 12 Kalmar E-One2 rubber-tyred gantry (RTG) cranes. The agreement confirms one of South America's leading container terminal operators as the biggest customer of Kalmar E-One RTGs worldwide t Read More »

CSX to split stock, raise dividend, buy shares

AJOT | May 04, 2011 | Intermodal

CSX Corp announced a 3-for-1 stock split, a 38 percent quarterly dividend increase and a $2 billion share repurchase program.

The quarterly dividend was raised to 36 cents, or 12 cents per share on a post-split basis. It is payable on June 15 for hold Read More »

FTR’s trucking conditions index continues upward trend

AJOT | May 04, 2011 | Intermodal

FTR's Trucking Conditions Index, as reported in the May Trucking Update, rose to 13.30 in March from a February reading of 9.92. A key driver for the improvement in the TCI was the ability of carriers to garner higher rates as industry capacity tightened. Read More »

GE railcar leasing unit for sale

AJOT | May 04, 2011 | Intermodal

General Electric Co has put its railcar leasing business up for sale, its second attempt in three years to offload a business that could be worth more than $3 billion, a source familiar with the situation.

GE, the largest U.S. conglomerate, has hired Read More »

Spatafore named rail industry’s top environmentalist

AJOT | May 04, 2011 | Intermodal

CSX Transportation commended Richard J. Spatafore, division engineer, Jacksonville, for receiving the 2010 Association of American Railroads' John H. Chafee Environmental Excellence Award. CSX nominated Spatafore for the award, named for the late Rhode Is Read More »

Business pushes US Congress to clear bigger trucks

AJOT | May 04, 2011 | Intermodal

Manufacturers, retailers, and other businesses are quietly working with truckers in renewing a push for U.S. government permission to operate bigger and heavier rigs, to the dismay of unions and safety advocates.

Lobbying coalitions for hundreds of co Read More »