New CFO for the Rickmers Group

AJOT | November 15, 2011 | Breakbulk & Projects

Dr Ignace Van Meenen has taken up the position of Chief Financial Officer (CFO) of the Rickmers Group effective 1 October 2011. In this function, Dr Van Meenen will press ahead with the realignment of the group of companies to enable it to respond faster Read More »

Ship lending to slide in 2012 as downturn bites

AJOT | November 15, 2011 | Breakbulk & Projects

Bank lending to the shipping industry is set to shrink in the coming months as low freight rates and the euro zone crisis will prompt a number of players to reduce their exposure to the seaborne sector, Citigroup's shipping chief said. Read More »

Shipping slump to deepen in 2012

AJOT | November 15, 2011 | Breakbulk & Projects

Prospects for dry shipping are set to remain poor for two to three years as the sector struggles with a glut of vessels, while crude tankers face more pain in 2012 as economic problems add to supply pressures, Citigroup's shipping chief said. Read More »

Singapore releases impounded ship to China COSCO

AJOT | November 15, 2011 | Breakbulk & Projects

Singapore authorities returned a dry bulk vessel to China COSCO Holdings, six days after it was impounded over a financial dispute with one of its clients, court documents and a company official said. Read More »

Port Commissioners approve sales agreement for part of 
former US Naval Sttn Ingleside


AJOT | November 15, 2011 | Ports & Terminals

After 11 months of negotiations, Port Commissioners approved today the sale of part of its Ingleside Facility to Canyon Supply & Logistics, LLC. The signing of the sales agreement took place at the scheduled Port Commission meeting today, Tuesday, Novembe Read More »

2010 was a record year for coal exports and salt imports at Port of Baltimore

AJOT | November 15, 2011 | Ports & Terminals

The Port of Baltimore exported a record amount of coal and imported a record amount of salt in 2010, according to statistics compiled by the U.S. Census and analyzed by Global Trade Atlas. More than 13.8 million tons of coal left Baltimore’s piers last y Read More »

Bollore has big plans for Abidjan container port

AJOT | November 15, 2011 | Ports & Terminals

Bollore plans to invest 18 billion CFA francs ($37 million) in Abidjan port by 2013 to make it the region's key sea hub, the French logistics and transport group's Africa chief said. Read More »

Canada’s tiny Arctic port faces uncertain future

AJOT | November 15, 2011 | Ports & Terminals

Every summer for three months, the Hudson Bay ice breaks up and ships load Canadian Prairie grain for export, putting more than 100 people to work in the tiny northern Manitoba town of Churchill. Read More »

ICTSI 9 month income up 39% to $101.4 million

AJOT | November 15, 2011 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) has reported consolidated unaudited financial results for nine months ending 30 September 2011, posting revenue from port operations of US$490.9 million, 29 percent higher than the US$380.6 million r Read More »

Konecranes to supply biggest Goliath gantry crane in the world to Brazilian shipyard

AJOT | November 15, 2011 | Ports & Terminals

In October 2011, Konecranes received a major order for a Goliath gantry crane from Brazilian shipyard Ecovix-Engevix Construcões Oceanicas S.A. (“Ecovix-Engevix”). The shipyard, located in the city of Rio Grande do Sul, builds drill ships for the oil and Read More »

LME plans to list Charleston as steel warehouse

AJOT | November 15, 2011 | Ports & Terminals

The London Metal Exchange plans to approve Charleston, South Carolina, as a location of good delivery for steel billet, head of business development Chris Evans told Reuters. Read More »

Port of Long Beach dedicates plug-in shore power for ships

AJOT | November 15, 2011 | Ports & Terminals

State and local elected leaders joined shipping company executives and Port of Long Beach officials recently to dedicate the Port’s newest shore power installation. Shore power allows ships at berth to shut down their diesel engines and plug into electric Read More »

New rail record at Port of Felixstowe

AJOT | November 15, 2011 | Ports & Terminals

The Port of Felixstowe has set a new rail record, handling a total of 11,019 containers (16,846 TEUs) in a single week. The previous record of 10,893 units was achieved in May 2011. Read More »

Port and City of Oakland submit Federal grant to launch first phase of Oakland Army Base redevelopme

AJOT | November 15, 2011 | Ports & Terminals

Last week the Port and City of Oakland, together, applied for a Transportation Investment Generating Economic Recovery (TIGER) grant through the United States Department of Transportation (USDOT) in the amount of $40 million. The grant will help fund the Read More »

Port of Hamburg cargo handling figures first three quarters 2011

AJOT | November 15, 2011 | Ports & Terminals

At 99 million tons, in the first nine months of the year throughput in the Port of Hamburg advanced by around 11 percent. This excellent, above-average result on throughput enabled the Port of Hamburg to recover market share in competition with the major Read More »

Port of Long Beach’s Deputy Director confirmed as new Executive Director


AJOT | November 15, 2011 | Ports & Terminals

The Long Beach Board of Harbor Commissioners voted unanimously Monday, November 14, to name J. Christopher Lytle, the Port’s Deputy Executive Director and Chief Operating Officer, as the Port of Long Beach’s new Executive Director. Read More »

Russia halts grain shipments to main port for 5 days

AJOT | November 15, 2011 | Ports & Terminals

Russian Railways said it had suspended grain shipments to the country's main deep sea port of Novorossiisk from Nov. 15 to Nov. 19 to clear out overflowing port silos. Read More »

Westinghouse selects Port of Charleston for energy project moves

AJOT | November 15, 2011 | Ports & Terminals

Westinghouse Electric Company has selected the Port of Charleston for a multi-year deal to handle oversize project cargo in support of a major power plant expansion by South Carolina Electric & Gas Company (SCE&G) near Columbia, SC. Read More »

Port of Philadelphia handles major shipment of military cargo from Middle East

AJOT | November 15, 2011 | Ports & Terminals

A sunny, untypically warm day underscored a proud sight for the Port of Philadelphia’s ILA labor force and other maritime industry workers on Tuesday, November 8. On that day, the 841st Transportation Battalion of the Military Surface Deployment and Dist Read More »

Agility Q3 net profit falls 42 pct

AJOT | November 15, 2011 | Transport Intermediaries

Kuwait's Agility, the logistics firm facing U.S. fraud charges, posted a 42-percent fall in third-quarter net profit on the back of lost defense and government work, the firm said. Read More »