Branson slams EU Commission over tie-up

AJOT | April 18, 2010 | Air Cargo

The founder of Virgin Group , Richard Branson, has slammed the European Commission's handling of a proposed tie-up between British Airways and American Airlines in an interview. Read More »

United Air at center of potential merger hookups

AJOT | April 18, 2010 | Air Cargo

United Airlines is now in separate merger talks with Continental Airlines Inc and US Airways Group Inc for the second time in two years as carriers feel pressure to further cut capacity, build revenue and accelerate the industry's recovery.

W Read More »

AirBridgeCargo fleet grows to 9 freighters with 2 new B747-400

AJOT | April 18, 2010 | Air Cargo

Less than two weeks after taking delivery of its fifth Boeing 747-400, AirBridgeCargo Airlines (ABC), the scheduled cargo subsidiary of Volga-Dnepr Group and Russia's largest international cargo carrier, has added a sixth B747-400ERF, increasing its total Read More »

Hactl announces throughput for the first quarter of 2010

AJOT | April 18, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage throughput for March and the first quarter of 2010. A total of 244,087 tons were handled in March, representing a year-on-year growth of 30.8%. Tonnage throughput in the last week of Mar Read More »

INTTRA launches ocean freight electronic invoice presentment and payment with CMA CGM and . . .

AJOT | April 18, 2010 | Liner Shipping

As announced at Containerization International's Global Liner Shipping Conference, INTTRA, the leading global provider of e-commerce solutions to the ocean freight industry, confirmed the launching of the first ocean freight invoice transmitted via INTTRA Read More »

COSCO cautiously starts capacity restoration on CEN servive

AJOT | April 18, 2010 | Liner Shipping

COSCO Container Lines will restore capacity on their CEN service by bringing back six 7500 TEU vessels to replace the six current 5500 TEU vessels, starting April 24th; the phase in will be completed by the end of May. Along with restoring capacity on thi Read More »

OOIL says Q1 container shipping revenue up 18.9%

AJOT | April 18, 2010 | Liner Shipping

Orient Overseas (International) Ltd (OOIL) said revenue from its container shipping unit increased 18.9 percent in the first quarter of 2010 as global trade continued to recover. Read More »

‘K’ Line and Mitsui-OSK Line announce enhanced Asian service for Halifax

AJOT | April 18, 2010 | Liner Shipping

'K' Line, Hanjin Shipping, Yang Ming Line and COSCO Container Line, members of the CKYH Alliance, in cooperation with Mitsui O.S.K. Lines (MOL) will launch a Pearl River ' Southeast Asia ' Suez Canal express service in mid May with the Port of Halifax as Read More »

UASC Secures Multi-Currency Ship Financing of US$2

AJOT | April 18, 2010 | Liner Shipping

United Arab Shipping Company (UASC) has concluded a multi-currency US$275 million term loan facility on a 'club deal' basis. The funds have been secured to finance UASC's acquisition of three A13 type container vessel new buildings, each with a capacity o Read More »

PIL and Wan Hai resume Far East’Northern Europe service

AJOT | April 18, 2010 | Liner Shipping

The two container shipping companies PIL Pacific International Lines (Singapore) and Wan Hai Lines (Taiwan) have resumed operation of their FES scheduled container liner service from the Far East to northern Europe. Read More »

Maersk: 2010 freight rates at break-even at best

AJOT | April 18, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipping company, sees 2010 freight rates reaching break-even at best on the back of a slow recovery in demand, its chief operating officer said.

In presentation material for the 12th Global Liner Sh Read More »

MOL Announces Changes to Africa Trade Network

AJOT | April 18, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL, President: Akimitsu Ashida) announced changes in its services related to the Africa trade.
Aiming for more stable service and schedule integrity, Mozambique Zuid Africa Service (MZX) will cover Durban, which is currently c Read More »

Evergreen Marine to bolster box ship fleet

AJOT | April 18, 2010 | Liner Shipping

According to press reports, Taiwan's Evergreen Marine, the world's fourth largest shipping firm, said it plans to spend more than US$5 billion on newbuildings.
The company is planning on adding 100 container vessels to the group fleet of around 150 Read More »

Shippers may gain from quarterly ore price switch

AJOT | April 11, 2010 | Breakbulk & Projects

A switch by major miners to quarterly pricing of iron ore contracts is likely to lift rates in the short-term for larger capesize ships with volatile freight activity expected, brokers and analysts said.
Rio Tinto became the latest miner on Friday Read More »

Greek shippers set to grow despite crisis at home

AJOT | April 11, 2010 | Breakbulk & Projects

Greek ship owners are gearing up for expansion despite the economic turmoil at home and aim to capitalise on a downturn in the seaborne sector by snapping up vessel assets at lower prices. Read More »

Rickmers appoints Telemar for its fleet

AJOT | April 11, 2010 | Breakbulk & Projects

The Telemar Group through its German subsidiary Telemar GmbH is to provide broadband satellite communication for the entire Rickmers fleet. The Rickmers Group, operating a fleet of 102 vessels, is a diversified group with activities in the business fields Read More »

Dockwise secures $40 million in near-term contracts and variation commitments

AJOT | April 11, 2010 | Breakbulk & Projects

Dockwise Ltd. announced seven near-term contract wins for the transportation of four jack-up rigs, jack-up construction vessels, supply boats and a floating crane barge, to be transported to Rio de Janeiro, Brazil; Egypt; Sharjah, UAE; Singapore; Rotterda Read More »

Volkswagen awards WWL contract for Chattanooga faciltity

AJOT | April 11, 2010 | Breakbulk & Projects

Wallenius Wilhelmsen Logistics (WWL), a global leader in factory-to-dealer logistics, has been awarded the vehicle processing and yard management business at Volkswagen Group of America, Chattanooga Operations new plant in Chattanooga, Tennessee. Read More »

Intermarine revises BSC

AJOT | April 11, 2010 | Breakbulk & Projects

Intermarine, the agent for the Industrial Maritime Carriers and West Coast Industrial Express announces that the carriers will revise the bunker surcharges on all services to/from South America, Mexico and the Caribbean effective May 6, 2010. Read More »

Kenya’s port traffic up 16 percent in 2009

AJOT | April 11, 2010 | Ports & Terminals

Kenya's only deep water port and East Africa's main trade gateway handled a total 19.06 million tons in 2009, up from 16.41 million in the previous year, the port operator said in a report.
The container terminal handled 618,816 twenty foot equival Read More »