CMA CGM extends its Black Pearl Service to Latin America

AJOT | July 14, 2010 | Liner Shipping

The CMA CGM Group announced the introduction of two new calls in Cartagena (Colombia) and Puerto Cabello (Venezuela) on its BLACK PEARL service linking North America to Jamaica (Kingston).
Effective from July 16th on a weekly basis, these new calls Read More »

Dutch experts relocate heavy excavators from Middle East

AJOT | July 11, 2010 | Breakbulk & Projects

Steder Group of The Netherlands, Members to both the WWPC and CEE global networks, received a significant contract awarded to relocate heavy construction machinery from the Middle East to Europe. Read More »

Diana Shipping announces continuation of time charter agreement with Louis Dreyfus

AJOT | July 11, 2010 | Breakbulk & Projects

Diana Shipping Inc. a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has entered into a time charter contract with Louis Dreyfus Commodities S.A., Geneva, Switzerland, for its Panamax dry bulk carrier, th Read More »

Court says vessel remained on hire while held by pirates

AJOT | July 11, 2010 | Breakbulk & Projects

The Saldanha, a 38,000 dwt Panamax bulk carrier, captured by pirates in the Gulf of Aden, remained on-hire for the subsequent period of detention, according to a ruling in the English High Court in June. Read More »

‘Big Al’ dedicated new heavy lift crane expand project cargo and industry capability at Mobile

AJOT | July 11, 2010 | Ports & Terminals

Barnhart Crane & Rigging and the Alabama State Port Authority officially named the Port of Mobile’s new 400-Ton capacity heavy lift barge crane during a vessel dedication ceremony held this week. Leadership, partnership, place and capability all influenc Read More »

BIMCO slams Canada Arctic shipping control measure

AJOT | July 11, 2010 | Ports & Terminals

The Baltic & International Maritime Council (BIMCO) has sharply rebuked the Ottawa authorities for implementing, as of July 1, a new mandatory reporting requirement of foreign and domestic ships passing through Canada’s Arctic waters as part of initiative Read More »

Brazil sugar ports under strain but coping

AJOT | July 11, 2010 | Ports & Terminals

Stretched infrastructure at Brazilian ports is expected to cope with mounting ship delays as vessels wait to load sugar and freight rates could find support from growing global demand for the country's new crop.

Appetite for sugar from Asia, Read More »

DCT Gdansk exceeds its 2009 handling volume

AJOT | July 11, 2010 | Ports & Terminals

DCT Gdansk, Poland’s largest container terminal recorded dynamic growth in the first half of 2010. By June 2010, it already exceeded its 2009 volume by handling a total of 173,279 TEU. Read More »

Final phase of Jacksonville Harbor deepening completed ahead of schedule

AJOT | July 11, 2010 | Ports & Terminals

The third phase of the St. Johns River harbor deepening project is now complete, ahead of schedule. Contractors for the U.S. Army Corps of Engineers Jacksonville District have deepened 5.3 miles of the river from mile 14.7 to mile 20, from a depth of 38 f Read More »

Edmonds re-appointed Chairman of Port Commission

AJOT | July 11, 2010 | Ports & Terminals

By unanimous vote, the Harris County Commissioners Court and the Houston City Council jointly re-appointed James T. Edmonds as chairman of the Port Commission of the Port of Houston Authority. County commissioners and city council members gathered in the Read More »

Saudi Arabia completes most of bauxite ore railway

AJOT | July 11, 2010 | Intermodal

Saudi Arabia has completed two thirds of a planned railway to transport phosphate and bauxite ore needed for a $10.8 billion project by miner Maaden and U.S. firm Alcoa , state news agency SPA said. Read More »

Growing freight demands reaching transportation crisis

AJOT | July 11, 2010 | Intermodal

In 10 years, an additional 1.8 million trucks will be on the road; in 20 years, for every two trucks today, another one will be added. Already bottlenecks on major highways used by truckers every day are adding millions of dollars to the cost of food, go Read More »

Greenbrier posts surprise Q3 profit

AJOT | July 11, 2010 | Intermodal

Railroad equipment supplier Greenbrier Cos Inc posted a surprise third-quarter profit, helped by lower costs and higher margin, sending its shares up as much as 18 percent.

The company said revenue would continue to be lower in 2010 compared Read More »

YRC must pay bondholders court rules

AJOT | July 11, 2010 | Intermodal

A federal court has ordered struggling U.S. trucker YRC Worldwide to pay bondholders who opted out of a debt-for-equity exchange last year that kept YRC out of bankruptcy court. Read More »

US current, proposed law on currency manipulation

AJOT | July 11, 2010 | International Trade

The U.S. Treasury Department is expected to again decline to name China a currency manipulator in a long-delayed report that will likely anger congressional critics of Beijing's policies.

The report was due April 15 but was delayed until afte Read More »

Obama: will use every tool to ensure fair play for US trade

AJOT | July 11, 2010 | International Trade

President Barack Obama said he would fight to ensure U.S. exporters had a level playing field to compete for world trade, and named China as a vital market where Americans were keen to sell. Read More »

Trade spats cloud new phase of ex-Soviet customs pact

AJOT | July 11, 2010 | International Trade

Russia, Belarus and Kazakhstan announced the launch of the second stage of a customs union that could pave the way for an unprecedented joint accession bid to the World Trade Organization. Read More »

NZ wine industry targets China for growth

AJOT | July 11, 2010 | International Trade

New Zealand wine makers are racing against rivals to stake a spot in what is set to be the world's fastest growing market - China. The Chinese market for grape-based wines is currently small but expected to grow rapidly, fuelled by the fast-growing middle Read More »

China makes haste slowly globalising the yuan

AJOT | July 11, 2010 | International Trade

Each journey of a thousand miles begins with a single step. Yet for the trek of turning the yuan into a global currency, China is only just lacing up its boots.

According to this sceptical line of thinking, it will take Beijing a generation t Read More »

U.S. on track to double exports in 5 years

AJOT | July 11, 2010 | International Trade

The United States is on track to double its exports within five years, President Barack Obama said, as he fills out a high-powered private sector council to help reach that goal.

"At a time when jobs are in short supply, building exports is a Read More »