Hyundai Merchant says to order 5 new container ships

AJOT | August 11, 2011 | Liner Shipping

Hyundai Merchant Marine said that it planned to order five new container ships worth a total of 695 billion won ($638.7 million).

Hyundai said in a regulatory filing that the addition of the five 13,100 twenty-foot equivalent unit (TEU) vessels would Read More »

Ship firms challenge EU on Iran sanctions

AJOT | August 11, 2011 | Liner Shipping

Several shipping companies have launched a legal challenge against the European Union after the bloc imposed sanctions on them over their suspected involvement in Iran's nuclear programme and arms trafficking, a court application showed.

In May the EU Read More »

BBC Chartering introduces TransPacific service

AJOT | August 03, 2011 | Breakbulk & Projects

Leading German heavy lift shipping company BBC Chartering announces the commencement of a new monthly liner service that connects Asia with North America. With the new service, BBC Chartering aims to further strengthen its position in the liner segment of Read More »

Famous Pacific Shipping goes for gold in Olympic train trials

AJOT | August 03, 2011 | Breakbulk & Projects

Famous Pacific Shipping (FPS), the fast-expanding Asia-based NVOCC and freight services provider, has donned its best sporting kit to start deliveries of railroad equipment from China to Brazil to support fans of the world's greatest sporting festival. < Read More »

Eagle Ford oil growth to support barge demand

AJOT | August 03, 2011 | Breakbulk & Projects

Demand for barges to ship crude from the Eagle Ford shale deposit should remain strong for the next few years, even as new pipeline capacity comes online, barge operator Kirby Corp. said.

A lack of pipeline capacity to move rising output from Eagle Fo Read More »

Growth fears add to dry bulk shipping crisis

AJOT | August 03, 2011 | Breakbulk & Projects

Growing fears for the world economy signal more pain and even bankruptcies among dry bulk ship owners who are getting rock-bottom rates to carry cargoes like coal and now face a glut of new vessels ordered when times were good.

The tougher climate has Read More »

Port of San Francisco’s Pier 80 welcomes freighter carrying wind turbines

AJOT | August 03, 2011 | Ports & Terminals

On August 2, 2011, The Port of San Francisco's Pier 80 Omni Terminal welcomed the M/V Star Hansa carrying wind turbine components for San Leandro, California-based Halus Power Systems. Halus imported wind tower sections, blades, nacelles, hubs and other Read More »

Port Metro Vancouver posts solid 2011 mid-year numbers

AJOT | August 03, 2011 | Ports & Terminals

Port Metro Vancouver has released its 2011 mid-year results, with stable numbers showing solid performance for Canada's largest and most diverse port. The 2011 mid-year statistics report shows the Port handled 58.7 million tonnes of cargo in the first six Read More »

Port of Long Beach cuts diesel pollution more than 70%


AJOT | August 03, 2011 | Ports & Terminals

The Port of Long Beach’s clean-air efforts are achieving dramatic across-the-board reductions in air pollution, including a 72 percent decline in diesel particulates, according to the latest comprehensive study.

The air quality improvements mark the f Read More »

Hutchison H1 undershoots due to 3G, port charge

AJOT | August 03, 2011 | Ports & Terminals

Li Ka-shing's ports-to-telecoms conglomerate Hutchison Whampoa fell short of forecasts for first half profits, dragged back by its 3G business and a bigger-than-expected charge on a major asset sale.

The company reported a more than sevenfold rise in Read More »

Konecranes expands its footprint in Saudi Arabia

AJOT | August 03, 2011 | Ports & Terminals

In June 2011, Konecranes acquired 100 percent of the Saudi Arabian crane manufacturer Saudi Cranes & Steel Works Factory Company Limited (“Saudi Cranes”). Saudi Cranes is headquartered in Al Jubail Industrial City and the company has approximately 100 emp Read More »

Shipping containers stuck in Karachi on Afghan-Pakistan trade dispute

AJOT | August 03, 2011 | Ports & Terminals

Nearly 2,500 shipping containers bound for war-ravaged Afghanistan are stuck at Pakistan's Karachi port, officials said, in a wrangle over financial guarantees for the goods as part of a trade transit deal brokered by the United States.

The transit tr Read More »

Steel going strong at the Port of Houston

AJOT | August 03, 2011 | Ports & Terminals

In his monthly report at the July 26 Port Commission meeting, Chief Executive Officer Alec G. Dreyer said that steel continued its strong growth in June, but container operations saw a dip from last year's levels during the short summer lull for customers Read More »

Queue of ships loading Brazil sugar shrinks again

AJOT | August 03, 2011 | Ports & Terminals

The number of ships loading sugar at Brazil's ports or preparing to load shortened again to 56 vessels, shipping agency SA Commodities/Unimar said, roughly half the number queuing a year earlier.

The queue of ships has been shrinking steadily after hi Read More »

International Container withdraws bid for Singapore’s Portek

AJOT | August 03, 2011 | Ports & Terminals

International Container Terminal Services Inc of the Philippines has decided to withdraw its offer to take over Singapore's Portek International, International Container said on Monday in a Singapore Stock Exchange filing.

The decision came after Japa Read More »

GAC USA and Wightman Shipping join forces

AJOT | August 03, 2011 | Ports & Terminals

GAC USA has formed an alliance with Wightman Shipping Co. in the United States of America (USA). Operating as GAC-Wightman Shipping, the collaboration offers shipping services across North-eastern and Mid-Atlantic ports in Philadelphia, New York and Balti Read More »

Port of Odense sets a clear course into the future

AJOT | August 03, 2011 | Ports & Terminals

In May 2011, the Port of Odense received delivery of a new Liebherr mobile harbour crane, type LHM 550. With its impressive total height of 74 meter the crane is more than twice as high as the famous Round Tower in Copenhagen. The strong, ultramodern LHM Read More »

Port Botany project handed over to operator

AJOT | August 03, 2011 | Ports & Terminals

One of the most ambitious port expansion projects in Australia’s history is now just months away from completion.

NSW Ports Minister Duncan Gay today handed over the site of Sydney Ports Corporation’s $1 billion Port Botany Expansion project third con Read More »

Cargill, Agrex agree to Indiana grain terminal

AJOT | August 03, 2011 | Transport Intermediaries

U.S. agribusiness giant Cargill Inc and Agrex, a wholly owned subsidiary of Japan's largest trading company Mitsubishi Corp, announced a joint venture to expand an Indiana grain elevator at a cost to exceed $20 million.

The venture will triple the unl Read More »

Prologis profit beats Street, sees more savings

AJOT | August 03, 2011 | Transport Intermediaries

Prologis Inc, one of the world's largest owners of warehouse and distribution centers, posted better-than-expected results for the second quarter and said rents and occupancy trends were improving.

It also raised its forecast for cost savings from its Read More »