Vale borrows $1.23 blllion from China banks for ships

AJOT | September 13, 2010 | Breakbulk & Projects

Vale , the world's largest iron ore producer, said it plans to borrow $1.23 billion from two Chinese lenders to finance the construction of 12 shipping vessels, taking advantage of falling borrowing costs to fund expansion. Read More »

China, South Korea sign transport deal to speed trade

AJOT | September 13, 2010 | Ports & Terminals

China and South Korea have signed a transport agreement that would speed trade in fresh food and electronics by allowing semi-trailers loaded with cargo to be shipped between the two countries, the Xinhua news agency said.

The deal would cut Read More »

DP World in labour dispute at Algeria port

AJOT | September 13, 2010 | Ports & Terminals

Dockworkers at Algeria's busiest port, operated by Dubai-based DP World , have staged an unofficial strike in protest at a management drive to raise productivity, industry sources told Reuters. Read More »

“Miedwie” docks at Port of Indiana on maiden voyage into Great Lakes

AJOT | September 13, 2010 | Ports & Terminals

The new Polish vessel “Miedwie” arrived at the Port of Indiana-Burns Harbor recently on its first trip into the Great Lakes. Carrying breakbulk cargo from the Port of Ijmuiden in the Netherlands, the ship was unloaded by workers from port terminal operato Read More »

Panama Canal Authority and Antwerp Port Authority sign important partnership agreement

AJOT | September 13, 2010 | Ports & Terminals

Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and Antwerp Port Authority Chief Operations Officer Christiaan De Block signed an important Memorandum of Understanding (MOU) to jointly help foster commercial activity between the two Read More »

Port of Long Beach welcomes new ocean carrier, P O Shipping

AJOT | September 13, 2010 | Ports & Terminals

China-based container line makes first call at Pier J
The first call of new ocean carrier P O Shipping’s vessel Suzhou Dragon to the Port of Long Beach marked the beginning of new trans-Pacific Ocean containership service between Long Beach and por Read More »

Statistics on vessels, port cargo and containers for second quarter

AJOT | September 13, 2010 | Ports & Terminals

The Census and Statistics Department of the Hong Kong Special Administrative Region Government released statistics on vessels, port cargo and containers for the second quarter of 2010.

In the second quarter of 2010, total port cargo throughpu Read More »

ASPA dedicates new turning basin

AJOT | September 13, 2010 | Ports & Terminals

Nearly one hundred dignitaries, elected officials, representatives of area industry joined the Alabama State Port Authority (ASPA) and U.S. Army Corps of Engineers (USACE) in dedicating the new turning basin at the Port of Mobile. The Upper Bay Turning B Read More »

Jaxport hires Wheldon as National Sales Director

AJOT | September 13, 2010 | Ports & Terminals

The Jacksonville Port Authority (JAXPORT) has hired experienced transportation industry professional Lisa Wheldon as Director, National Sales. Wheldon joins JAXPORT’s Trade Development, Global Marketing and Customer Service team and is responsible for new Read More »

Balkan joint rail cargo venture to start in October

AJOT | September 13, 2010 | Intermodal

Ex-Yugoslav republics Serbia, Croatia and Slovenia will start to reclaim the railway cargo traffic lost during the turbulent 1990s in October, as hostilities continue to give way to business ties in the Balkans.

The first Cargo X train, named Read More »

CN brakemen & conductors in northern Minnesota ratify new collective agreement

AJOT | September 13, 2010 | Intermodal

CN (and the United Transportation Union (UTU) announced that UTU-represented employees working on the Duluth, Missabe and Iron Range Railway Company (DM&IR) have ratified a new 7-year collective agreement. CN purchased the DM&IR as part of its May 2004 ac Read More »

Coalition for Trans. Productivity expands ’ merging with Americans for Safe & Efficient Trans.

AJOT | September 13, 2010 | Intermodal

The Coalition for Transportation Productivity (CTP), a group of more than 160 shippers and allied associations dedicated to responsibly increasing federal weight limits on interstate highways, announced a merger with Americans for Safe and Efficient Trans Read More »

CSN sees Transnordestina project operating by 2012

AJOT | September 13, 2010 | Intermodal

CSN, Brazil's largest diversified steel group, expects its $2.6 billion railway and logistics project Transnordestina to start operations by the end of 2012. Read More »

FTR’s trucking condition index expected to remain in positive territory

AJOT | September 13, 2010 | Intermodal

FTR's Trucking Condition Index, at 0.8 for July and reported in the September Trucking Update, is expected to remain in positive territory for the remainder of the year. It was the fifth consecutive month that the index had been above neutral. The Trucki Read More »

IANA announces recipients of 2010 Intermodal Achievement Award

AJOT | September 13, 2010 | Intermodal

The Intermodal Association of North America (IANA) has named both Direct ChassisLink, Inc. and the Port of Long Beach and as winners of the IANA Intermodal Achievement Award for 2010. This prestigious industry award is presented to either a public or priv Read More »

Key figure of U.S. chemical demand rises

AJOT | September 13, 2010 | Intermodal

Chemical shipments on U.S. railroads rose 7.7 percent last week, the Association of American Railroads said.
Chemical shipments on trains, called rail car loadings, are a measure of demand for products ranging from plastics to fertilizers. Read More »

Mongolia favours Russia as rail route for minerals

AJOT | September 13, 2010 | Intermodal

Linking Mongolia's desert mines with foreign clients will require billions of dollars of investment over a decade and some investors fear suspicion of China, rather than pure economic logic, is shaping its plans. Read More »

Italy jewellery exports seen recovering 2011

AJOT | September 13, 2010 | International Trade

Jewellery exports from Italy, Europe's top producer, are expected to stabilise in 2010 after years of decline and then grow modestly next year, a senior industry official.

But it will take a couple of years for Italy's jewellery export volumes to retu Read More »

Italy holds up EU deal on South Korea trade pact

AJOT | September 13, 2010 | International Trade

Italy blocked a deal among European Union member states on the terms of a free trade agreement with South Korea, but the European Commission said it hoped to secure Rome's backing. Read More »

Exports decline sharply in July from June due to softening markets in Western Hemisphere

AJOT | September 13, 2010 | International Trade

Steel exports declined in July from June by 14.4%, while remaining 26.7% higher than July 2009. 'The month on month decline in steel exports reflects the softening marketplace for steel at the beginning of the summer, especially for NAFTA exports, which r Read More »