Maersk 2010 profit seen meeting guidance

AJOT | February 21, 2011 | Liner Shipping

A.P. Moller Maersk is expected to report a swing back into profits for 2010 that will meet the company's guidance for net earnings of about $5 billion, a Reuters poll of analysts showed.

Net profit was estimated on average to be 27.72 billion Danish c Read More »

Two more Rickmers container giants named

AJOT | February 21, 2011 | Liner Shipping

The naming of two more 13,100 TEU container vessels for Rickmers Group took place in Ulsan, Korea. Leo Rickmers and Scorpio Rickmers will come into service for their charterer Maersk Line as Maersk Edmonton and Maersk Elba. Leo Rickmers was named by Manu Read More »

Hanjin sees growth in cargoes but falling profits

AJOT | February 21, 2011 | Liner Shipping

Hanjin Shipping , the world's ninth biggest container shipper, predicted global container shipments would grow up to 8 percent this year, supported by bright trans-Pacific trade prospects.

"(A) return to normalcy--that is our expectation and hope," ch Read More »

Hamburg S’d celebrates christening of a 7,100 TEU container ship

AJOT | February 21, 2011 | Liner Shipping

Hamburg S'd has christened the 'Santa Isabel' in Singapore. She is the second of ten identical container vessels with a capacity of 7,100 TEU each. This makes them not only the largest ships ever built for Hamburg S'd, but also, with their 1,600 reefer pl Read More »

New straddle carrier from Konecranes



AJOT | February 17, 2011 | Ports & Terminals

Terminal quayside container unloading operations need to be linked flexibly with yard stacking operations. The new Boxrunner straddle carrier from Konecranes is the flexible link between ship-to-shore cranes and automated yard cranes. Read More »

Ports of Indiana ships largest annual tonnage since 2006

AJOT | February 17, 2011 | Ports & Terminals

The Ports of Indiana handled more than 7.7 million tons of cargo at its three ports in 2010 – an increase of eight percent over the previous year. New cargoes and agricultural-related shipments helped propel the state port system to its largest annual ton Read More »

Klinge Corporation acquires Norfrig Equipment of Denmark

AJOT | February 17, 2011 | Ports & Terminals

Klinge Corporation announced today that it has completed its acquisition of Norfrig Equipment. Norfrig Equipment, headquartered in Kjellerup, Denmark, is a leading supplier of ultra low temperature refrigeration and thawing solutions.

Klinge Corporat Read More »

Port welcomes ICTSI to Portland

AJOT | February 17, 2011 | Ports & Terminals

ICTSI Oregon, Inc., a subsidiary of International Container Terminal Services, Inc., is the new operator of the Port’s deep draft container terminal. Saturday, Feb. 12 marked the official start of the Port’s 25-year lease with ICTSI, Inc. to manage Portla Read More »

Hutchison in $3 blllion financing for spin-off

AJOT | February 17, 2011 | Ports & Terminals

Hutchison Whampoa Ltd has launched a $3 billion financing facility for Hutchison Ports Holdings Trust (HPH Trust) in a move to leverage the port unit ahead of its Singapore listing, Basis Point reported.

The ports-to-telecom conglomerate, which aims t Read More »

CN Railway service level agreements bring shippers and terminal operators into shared network

AJOT | February 17, 2011 | Intermodal

Service Level Agreements that bring Canadian National Railway, container terminals, shippers and ports into a shared communications network are dramatically increasing the efficiency and transparency of the logistics chain up north. And, according to Paul Read More »

China rail boom under cloud after fall of minister

AJOT | February 17, 2011 | Intermodal

China's plans for a vast railway expansion could slow after the minister in charge came under disciplinary investigation and the official sent to sort out his ministry warned against corruption in project bids. Read More »

FTR Shippers Condition Index reflects tightening capacity

AJOT | February 17, 2011 | Intermodal

FTR Associates has lowered its Shippers Condition Index (SCI) to reflect tightening carrier capacity, particularly in the truckload sector. The February Issue of FTR's Shippers Update reported that the SCI in January stood at -8.8. The SCI sums up all mar Read More »

Ashburton likes developed markets, truck-makers

AJOT | February 17, 2011 | Intermodal

The Ashburton European equity fund is targeting growth plays in developed markets and companies that are in a position to benefit from rising inflation. Read More »

South Africa police fire rubber bullets at striking truckers

AJOT | February 17, 2011 | Intermodal

South African police fired rubber bullets at striking truck drivers after they stoned vehicles transporting goods in Johannesburg and pulled drivers out of their cabs.

Truckers, whose labor action started at the weekend, are threatening a strike they Read More »

CN says CAW union members ratify new collective agreements

AJOT | February 17, 2011 | Intermodal

CN announced that members of the Canadian Auto Workers union have ratified four-year collective agreements with the company and CNTL (a subsidiary of CN). Read More »

Bosnia rail strike ends, industry supplies resume

AJOT | February 17, 2011 | Intermodal

Railway workers in Bosnia's Serb region called off a strike that had disrupted shipments of raw materials to major industries across Bosnia for the second time in two months.

Cargo traffic in the Serb Republic was cut by around 70 percent after railwa Read More »

EU sued over secrecy in India trade talks

AJOT | February 17, 2011 | International Trade

Transparency campaigners sued the European Union's executive for withholding documents on trade talks with India, stepping up pressure on the bloc to make its policymaking less secretive.

The lawsuit, lodged with the EU's second-highest court, accuses Read More »

WTO urges Japan to reform, free trade

AJOT | February 17, 2011 | International Trade

Japan must liberalize its foreign trade as part of wide-ranging structural reforms to restore competitiveness and boost growth, the World Trade Organization said.

Looser macro-economic policies, albeit offset by the appreciation of the yen that reinfo Read More »

US senators set March 9th date for Latin America trade plan

AJOT | February 17, 2011 | International Trade

U.S. Trade Representative Ron Kirk faced pressure to come up with a plan to win approval for long-delayed free trade agreements with Panama and Colombia by the time he testifies before the Senate Finance Committee on March 9.

"We expect that you will Read More »

Abercrombie to boost spending, expand global reach

AJOT | February 17, 2011 | International Trade

Teen retailer Abercrombie & Fitch Co posted a bigger-than-expected quarterly profit as discounts boosted traffic, and said it plans to almost double its capital expenditures this year as it ramps up international expansion.

Abercrombie, once a high-fl Read More »