South Korea’s Harim group to expand bulk carrier Pan Ocean by trading grains

Reuters | March 19, 2015 | Breakbulk & Projects | Breakbulk

South Korea's Harim Group aims to grow sales at the country's largest bulk shipper Pan Ocean Co Ltd, which it plans to acquire, seven times to more than 10 trillion won ($8.97 billion) annually within five to six years. Read More »

US to chart new territory in Gulf airline subsidy review

Reuters | March 19, 2015 | Air Cargo

The Obama administration said that it is in the early stages of studying claims that Gulf airlines have received market-distorting subsidies, a review involving uncharted territory for the U.S. government. Read More »

Lufthansa Cargo gets boost from strong German exports

Reuters | March 19, 2015 | Air Cargo

Lufthansa Cargo hopes to sign another airline partnership to build on the success of last year's tie-up with Japan's ANA and take advantage of the favorable environment for German exports, the freight arm of the German airline said. Read More »

FERC halts Colonial Pipeline tariff change over competition worries

Reuters | March 19, 2015 | Energy | Pipeline

The Federal Energy Regulatory Commission has suspended a revised tariff for the Colonial Pipeline after two small shippers complained it would squeeze access and limit competition, according to regulatory filings. Read More »

Security of global oil and gas pipeline network to be analysed next week in Istanbul

AJOT | March 19, 2015 | Breakbulk & Projects | Projects | Energy | Pipeline

Oil and gas pipeline networks are particularly vulnerable critical infrastructure, which can be found in some of the world’s biggest conflict zones in Africa, the Middle East, Asia and Latin America; as well as in remote and hostile territories where the costs of conventional monitoring methods are too high to implement. Read More »

TT Club Warns Baltic Ports to Protect Against Reputational Damage

AJOT | March 19, 2015 | International Trade

Speaking during Baltic Transport Week in Gdansk this week Andrew Huxley, Development Director at freight transport insurance specialist TT Club, warned port and terminal operators to be aware of the reputational damage that can be a serious consequence of uninsured incidents resulting from avoidable risks Read More »

Triple Play at APM Terminals Pier 400 Los Angeles

AJOT | March 19, 2015 | Ports & Terminals | Ports | Container Port

Establishing a new record for US port operations, three Ultra-Large Container Ships (ULCS) with nominal respective capacities of 13,000 TEUs each, called APM Terminals Pier 400 Los Angeles between February 22nd and March 7th, representing a combined total of 34,465 container moves over the period, including intermodal cargo of 28 double stack trains. Read More »

Venezuela aims to reduce $46 mln award in Tidewater ship case

Reuters | March 19, 2015 | Energy | Maritime

Venezuela will seek to reduce a $46 million compensation claim it has been ordered to pay to oil service company Tidewater in a case stemming from the 2009 seizure of vessels, its oil minister said in an interview published on Thursday. Read More »

Dry bulk shippers: Rise in Baltic index boosts shares

Reuters | March 19, 2015 | Liner Shipping

Shares of dry bulk shippers go up as Baltic Exchange’s main sea freight index rise Read More »

Baltic index advances with rising dry commodity vessel demand

Reuters | March 19, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted on Thursday by higher demand across all vessel segments. Read More »

Lloyds, Natixis and RBS sell Dubai World debt before $14.6 billion deal

Reuters | March 19, 2015 | Ports & Terminals | Ports

Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion debt restructuring, according to sources familiar with the matter. Read More »

Baltic index rises on demand for panamax and smaller vessels

Reuters | March 19, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, was lifted on Wednesday by higher demand for panamax and smaller vessel segments. Read More »

Haier renews agreement with Encompass to be exclusive provider of comprehensive logistics service

AJOT | March 19, 2015 | Transport Intermediaries

Deal includes spare parts solutions for appliances, consumer electronics and hvac to support the world's largest appliance manufacturer Read More »

Penske Truck Leasing Co., L.P. Welcomes Mitsui & Co., Ltd. as New Investor

AJOT | March 19, 2015 | Intermodal | Road

Penske Truck Leasing Co., L.P. (“PTL”) today announced that Tokyo-based Mitsui & Co., Ltd. (“Mitsui”) has acquired a 20.0% limited partnership interest in PTL from General Electric Capital Corporation (“GECC”). Read More »

Woodland oils the wheels for Comma

AJOT | March 19, 2015 | Transport Intermediaries

Global freight forwarder Woodland Group has inked a new three-year deal with automotive aftermarket supplier Comma after winning a contract to distribute lubricants, chemicals and ancillaries following a competitive tendering process. Read More »

Clean Transportation & Energy Joins WTS as partner for Advancement of Women in Transportation

AJOT | March 19, 2015 | Transport Intermediaries

Gladstein, Neandross & Associates (GNA), a leading clean transportation and energy consulting firm, has committed to a partnership engagement with WTS International, the association for the global advancement of women in transportation. Read More »

Flower Shippers’ Forum finds more common ground than difference

AJOT | March 19, 2015 | Air Cargo

Flower growers, retailers and air cargo industry executives made good progress in identifying challenges and potential solutions in shipping flowers by air, at the Flower Shippers’ Forum organised by Schiphol Cargo, as part of the recent STAT Times Air Cargo Africa conference. Read More »

VOLGA-DNEPR moves Express AM7 and AM8 satellites to Baikonur Cosmodrome for launch

AJOT | March 19, 2015 | Air Cargo | Breakbulk & Projects | Projects

Volga-Dnepr Airlines delivered the Russian telecommunications satellites Express AM7 and Express AM8 to the Baikonur Cosmodrome launch site in Kazakhstan. Read More »

IAG CArgo extends Latin American Network

AJOT | March 19, 2015 | Air Cargo

From this summer, IAG Cargo is significantly boosting its Latin America network by launching a new route into Colombia and reopening its route into Cuba. Read More »

Lufthansa Cargo remains on course with its “Lufthansa Cargo 2020” program

AJOT | March 19, 2015 | Air Cargo

Lufthansa Cargo achieved an operating profit of EUR 100m last year. This represents a significant increase for the cargo airline when compared with the previous year. Read More »