No major upturn in dry freight before 2013

AJOT | June 13, 2011 | Breakbulk & Projects

A major upturn in dry bulk shipping rates is not expected before the end of 2013 as the freight market will continue to struggle with mounting fleet growth, leading ship broker Fearnleys said.

Sverre Svenning, director with Fearnley Consultants, which Read More »

China dry bulk volumes slowing

AJOT | June 13, 2011 | Breakbulk & Projects

Indications are growing that throughput at China's ports is slowing down and that imports of iron ore could weaken, a senior executive with China COSCO Holdings Co Ltd said.

Simon Young, chief executive of COSCO UK, a unit of China's top shipping cong Read More »

Capesize ship scrapping at record high in 2011-SSY

AJOT | June 13, 2011 | Breakbulk & Projects

Scrapping of large capesize vessels in the first five months of this year has hit its highest level since 1996, although rising fleet growth will pressure the dry bulk market, shipbroker SSY said.

The outlook for dry bulk shipping rates has been grim Read More »

Dockwise requests more leeway from Netherlands Government to counteract pirates

AJOT | June 13, 2011 | Breakbulk & Projects

Dockwise urges the Netherlands government to allow for better protection on its vessels to counteract piracy in the Gulf of Aden and the Indian Ocean. As the ability of governments to offer military protection is limited, the ability for ship owners to em Read More »

Demag Cranes supplies mobile harbour cranes to Canada for bulk handling

AJOT | June 13, 2011 | Ports & Terminals

Demag Cranes has received an order to supply two Mobile Harbour Cranes to Canada. The two identical machines are 4-rope grab cranes for professional bulk handling. Vale Inco Limited (Vale), the second-largest mining and metals company in the world, a new Read More »

Containership newbuilding UMM SALAL makes first call in Port of Hamburg

AJOT | June 13, 2011 | Ports & Terminals

The UMM SALAL, the biggest containership to date belonging to United Arab Shipping Company (UASC), tied up in the Port of Hamburg on her maiden voyage. The giant container ship, with a capacity of 13,100 TEU (20 foot standard containers) was handled at Eu Read More »

New investment in super post-panamax cranes inked at the Port of Halifax

AJOT | June 13, 2011 | Ports & Terminals

Macquarie Infrastructure Partners, the owner of Halterm Container Terminal Limited, will invest in two additional Super post-panamax cranes (SPPX) at the Port of Halifax. In 2012, the Port of Halifax will feature four SPPX container berths equipped with Read More »

Industry, Congressional leaders call for emergency funding to maintain Miss. River Channel

AJOT | June 13, 2011 | Ports & Terminals

Congressional leaders joined a coalition of more than 70 maritime interests today calling for $95 million in immediate emergency funding to maintain the Lower Mississippi River shipping channel in the wake of 2011’s historic river stages.

About 450 mi Read More »

Mattern appointed new CEO at Port of Hamburg Marketing

AJOT | June 13, 2011 | Ports & Terminals

Axel Mattern is to become Chief Executive Officer at Port of Hamburg Marketing Association. The decision to appoint him to the Port of Hamburg Marketing executive board was taken by the association’s supervisory board at its meeting on 31 May 2011, effect Read More »

Grindrod to expand coal terminals

AJOT | June 13, 2011 | Ports & Terminals

Shipping and logistics group Grindrod plans to expand its Mozambican and South African coal terminals to meet fast-growing demand for export capacity from miners, its chief executive said.

South African coal miners have for years been unable to ship a Read More »

The Massportis full steam ahead adding another cargo service

AJOT | June 13, 2011 | Ports & Terminals

The Massachusetts Port Authority (Massport) announced that a new weekly cargo service connecting Boston with Halifax, Nova Scotia is set to begin June 14 giving New England businesses a reliable and eThe “New England-Halifax Shuttle” to be operated by Ame Read More »

Statistics on vessels, port cargo and containers for first quarter 2011

AJOT | June 13, 2011 | Ports & Terminals

In the first quarter of 2011, Hong Kong’s total port cargo throughput recorded virtually no change compared with a year earlier at 62.7 million tons. Within this total, both inward and outward port cargo recorded virtually no change at 35.9 million tons Read More »

Cargotec prepares for the future with ‘Port 2060’

AJOT | June 13, 2011 | Ports & Terminals

More than 50 years after the start of containerization, Cargotec has envisaged the way the port of the future might look against a possible backdrop of game-change technology and innovation.

The project, dubbed 'Port 2060', was devised to spark discus Read More »

TransCore’s N. American Freight Index sets another record in May as truckload rates improve

AJOT | June 13, 2011 | Intermodal

TransCore's North American Freight Index marked the fifth consecutive month with the highest same-month spot market freight availability in its 15-year history, up 10 percent compared to one year ago. Despite the record for the month, TransCore's May Inde Read More »

Kenya to spend more on roads, energy to raise growth

AJOT | June 13, 2011 | Intermodal

Kenya will increases spending on roads by 11 billion shillings ($125.6 million) and nearly doubled its energy budget in 2011/12 fiscal year to facilitate economic growth, the finance minister said.

Like other countries in east Africa, Kenya has embark Read More »

Old Dominion relocates and expands San Jose Service Center

AJOT | June 13, 2011 | Intermodal

Old Dominion Freight Line Inc., whose San Jose Service Center has been a fixture in the community since 2006, relocated the terminal to an expanded and upgraded facility due to sustained growth in the region.

Within the last three-and-a-half-years, th Read More »

Bomb blast hits Russian railway line

AJOT | June 13, 2011 | Intermodal

A bomb exploded on a railway line in Siberia, diverting train traffic but causing no injuries, Russian news agencies reported.

There was no word on who might have planted the bomb on or near train tracks in the Novosibirsk region, some 2,800 km (1,750 Read More »

EU parliament tells hauliers: polluters should pay

AJOT | June 13, 2011 | Intermodal

Cash-strapped European governments can press ahead with charging trucks for the damage they do to infrastructure, air quality and human health, the European Parliament agreed.

Lawmakers agreed EU rules for charging hauliers for fumes and noise under c Read More »

Two US railroads accused in lawsuit of price fixing

AJOT | June 13, 2011 | Intermodal

Privately held shipping company Oxbow Group sued two major U.S. railroads, accusing them of price gouging and adding heft to legal and political challenges of freight company business practices.

Filed in the U.S. District Court for the District of Col Read More »

Cheetah Drayage helping Tropical Shipping reduce costs and improve customer service

AJOT | June 13, 2011 | Intermodal

Cheetah Software Services, Inc., a leading provider of real-time logistics solutions for delivery, LTL, and private fleet carriers, announced that Tropical Shipping USA, LLC has implemented the SaaS-based Cheetah Drayage system to enhance their ability to Read More »