JAXPORT welcomes all-new 2015 Jeep Renegade

AJOT | February 26, 2015 | Liner Shipping | Ports & Terminals

FCA US LLC has selected JAXPORT to import its all-new 2015 Jeep® Renegade, the first Jeep ever to be built exclusively outside of the United States. AMPORTS will handle vehicle processing at JAXPORT’s Blount Island Marine Terminal and the SUVs will be shipped via Grimaldi Lines. Read More »

Commodities shipping crisis adds to loan woes for Greek banks

Reuters | February 26, 2015 | Breakbulk & Projects | Breakbulk

The global slump in demand for dry freight commodities is adding more pain to Greece's already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. Read More »

Maersk Line CEO says company will order mega-vessels in second quarter

Reuters | February 26, 2015 | Liner Shipping

Maersk Line will place an order for a number of new mega-container vessels, each with a capacity to hold around 18,000 20-foot containers, in the second quarter despite an imbalance between supply and demand in the industry. Read More »

Navios Maritime Partners L.P announces acquisition of option to acquire 13,100 TEU container vessel

AJOT | February 26, 2015 | Liner Shipping

Navios Maritime Partners L.P., an international owner and operator of container and drybulk vessels, has announced that it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party. Read More »

India to raise railway freight rates in blow to steel firms

Reuters | February 26, 2015 | Intermodal | Rail

India will raise railway freight rates on coal, iron ore and steel from April 1 to help fund an expansion of its well-worn network, a move that threatens to raise costs for local steel makers at a time when demand is weak and imports are surging. Read More »

India aims to invest $137 billion in railways in next 5 years

Reuters | February 26, 2015 | Intermodal | Rail

India's government unveiled plans to invest $137 billion in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure needed to unlock faster economic growth. Read More »

A declining Index but should there be cause for concern?

AJOT | February 26, 2015 | Transport Intermediaries

After reaching its highest reading of 59.2 in September, the overall Stifel Logistics Confidence Index hit a bumpy patch and as a result is at 56.3 for the month of February. Should there be cause for concern? Read More »

Brazil government extends offer to truckers to end strike

Reuters | February 26, 2015 | Intermodal | Road

The Brazilian government told truckers and transport companies it would extend a year of free financing for vehicles and pass a law that would benefit the sector if protesters ended a crippling strike now in its eighth day. Read More »

Truckers block roads in Brazil despite government offer

Reuters | February 26, 2015 | Intermodal | Road

Truckers continued to block roads in key Brazilian agricultural states in the ninth day of a strike, disrupting the flow of food and fuel despite a government offer presented to protest leaders a day before. Read More »

Southeastern Freight Lines promotes Doster to Service Center Manager in Monroe

AJOT | February 26, 2015 | Intermodal | Road

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced that Reed Doster has been promoted to service center manager of its service center in Monroe, Louisiana. Read More »

Boeing, FedEx battle back vs US airlines on Gulf competition

Reuters | February 26, 2015 | Air Cargo

A push by three U.S. airlines to curb competition from Gulf state carriers has triggered a sharp response from other powerful U.S. aviation companies including Boeing Co and FedEx Corp, potentially complicating the airlines’ campaign for Obama administration support. Read More »

IAG Cargo 2014 full year financial results

AJOT | February 26, 2015 | Air Cargo

On a like for like basis, adjusting the prior year’s figures to reflect a directly comparable freighter operation, commercial revenue increased 2.4 per cent versus last year. Read More »

FCA US to begin shipping vehicles from Wilmington, Delaware

AJOT | February 26, 2015 | Ports & Terminals | Ports | RoRo Port

FCA US LLC announced today that it will begin exporting vehicles from the port of Wilmington, Del., in March 2015. Read More »

Focus on Cargo Owners at the TransRussia Conference 2015

AJOT | February 26, 2015 | International Trade

TransRussia 2015, the 20th international exhibition and conference on transport logistics services and technology, will take place from 21-24 April 2015, in Pavilion 1 at Crocus Expo, Moscow. Read More »

Jordan, Israel agree $900 million Red Sea-Dead Sea project

Reuters | February 26, 2015 | Energy | Pipeline

Jordan and Israel signed an agreement to go ahead with a World Bank-sponsored project to build a desalination plant in the Gulf of Aqaba and a pipeline linking the Red Sea with the Dead Sea. Read More »

Commodities shipping crisis adds to loan woes for Greek banks

Reuters | February 26, 2015 | International Trade

The global slump in demand for dry freight commodities is adding more pain to Greece’s already crisis-hit banks by heaping pressure on many of their shipowner clients, particularly the smaller companies. Read More »

CII Seeks 2015 Connie Award Nominations

AJOT | February 26, 2015 | Intermodal

Deadline for nominations is May 1st, 2015. Nominations are also being sought for the Connie luncheon on December 7th, 2015 in Newark, NJ, with a deadline for nominations by August 1st, 2015. Read More »

Port Everglades welcomes SC Line’s Caroline Russ RoRo ship

AJOT | February 26, 2015 | Ports & Terminals | Ports | RoRo Port

Ocean RoRo carrier SC Line consolidates and reaffirms its USA SERVICE commitment from Broward County’s Port Everglades to Mexico, Panama, Colombia, and the Caribbean with the arrival of its new Roll On / Roll Off cargo ship, M/V Caroline Russ, to the South Florida seaport. Read More »

Some Brazil truckers end strike, but many roads still blocked

Reuters | February 26, 2015 | Ports & Terminals | Ports

Some Brazilian truckers agreed to end a nine-day strike that has crippled supply chains across much of the country, though many roadways remained blocked on Thursday as others pressed to hold out for more concessions from the government. Read More »

Greek banks mull cutting shipping portfolios to raise capital

Reuters | February 26, 2015 | International Trade

Greece’s leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according to banking and ship financing sources. Read More »