Changes in NYK NA executives

AJOT | March 03, 2011 | Liner Shipping

Effective April 1, 2011, the appointment of William F. (Bill) Payne as President of NYK Line (North America) Inc. will be made. Bill joined NYK NA in 1989. For the past two years he served as Executive Vice President & Chief Operating Officer. Prior to Read More »

TUI AG board approves possible Hapag-Lloyd IPO

AJOT | March 03, 2011 | Liner Shipping

TUI AG's supervisory board gave the go-ahead for a possible initial public offering (IPO) of container shipping group Hapag-Lloyd, as TUI aims to sharpen its focus on tourism.

A partial IPO could reportedly involve the sale of shares worth about 1 bil Read More »

Horizon Lines nears covenant relief

AJOT | March 03, 2011 | Liner Shipping

Cargo shipping and logistics company Horizon Lines LLC said it is in the final stages of obtaining covenant relief from its lenders and expects to complete the refinancing in the second or third quarter.

Horizon Lines said it pleaded guilty to violati Read More »

Shipco enhances LCL service offering from Australia to the US

AJOT | March 03, 2011 | Liner Shipping

Shipco Transport, one of the world's leading neutral consolidators, has launched a fortnightly direct less-than-container-load service between Adelaide, Australia and Los Angeles, California. The new offering provides a competitive and economical option f Read More »

Rising freight rates add to agflation worries

AJOT | March 01, 2011 | Breakbulk & Projects

Spiralling shipping costs for commodities threaten to drive food inflation even higher as nations from Asia to the Middle East and Africa scramble for supplies, stung by grain prices that have more than doubled in less than a year.

Even if the jump in Read More »

Albacor Shipping Canada opens Edmonton office

AJOT | March 01, 2011 | Breakbulk & Projects

Albacor Shipping Inc. of Canada, a member of the Worldwide Project Consortium WWPC, is opening an office with in Edmonton, Alberta in Canada. Read More »

Ship glut to hit bulker rates until 2013

AJOT | March 01, 2011 | Breakbulk & Projects

An oversupply of ships will pose problems for the dry bulk industry and keep freight rates under pressure over the next two years, Moody's Investors Services said. The dry freight market has been hit by growing deliveries ordered before the economic turmo Read More »

Newbuilding bulker under construction will be first ship to use silicon anti-fouling paint

AJOT | March 01, 2011 | Breakbulk & Projects

Mitsui O.S.K. Lines, Ltd. announced the first use of a new silicon-based anti-fouling paint for a 38,000-class bulker now under construction at the Minaminippon Shipbuilding Co., Ltd. Shitanoe Works (Usuki-shi, Oita Prefecture). When completed, the new ve Read More »

Norden gloomy amid freight vessel oversupply

AJOT | March 01, 2011 | Breakbulk & Projects

Danish shipper D/S Norden predicted a poor year ahead for the oversupplied industry as it reported a sharp drop in fourth quarter profits.

Earnings before interest and tax (EBIT) fell to $23 million in October-December from $61 million in the same qua Read More »

Record transport in India with NICOLAS transport vehicles

AJOT | March 01, 2011 | Breakbulk & Projects

Technology company "The Linde Group" and its consortium partner "Samsung Engineering" in Korea, was awarded the order for the turnkey construction of an ethylene production plant in Dahej, India. The client is the Indian energy company OPaL (ONGC Petro ad Read More »

More TTS equipped car carriers to come

AJOT | March 01, 2011 | Breakbulk & Projects

TTS Marine AB continues to equip the world's fleet of car carriers with cargo access equipment and two additional contracts have been received to supply ro-ro equipment to four further car carriers.

The first contract was signed with Hyundai Heavy Ind Read More »

Port of San Francisco’s Pier 80 welcomes freighter carrying 33rd America’s Cup winning…

AJOT | March 01, 2011 | Ports & Terminals

The Port of San Francisco’s Pier 80 Omni Terminal welcomed the M/V Star Isfjord carrying the winner of the 2010 America’s Cup.

The sailboat USA-17 arrived from Spain where it won the iconic America’s Cup trophy on February 14, 2010 in Valencia. In ad Read More »

APM Terminals wins $1 blllion Costa Rica port deal

AJOT | March 01, 2011 | Ports & Terminals

APM Terminals won a $992.2 million concession to ramp up Costa Rica's Atlantic port of Moin, allowing the tropical fruit-shipping country to draw bigger ships by 2016, the firm said. Read More »

APS Technology receives patent for MatchMaker OCR Solution

AJOT | March 01, 2011 | Ports & Terminals

APS Technology Group, Inc., a leading provider of optical character recognition (OCR) and process automation technology solutions for marine and intermodal terminals, announced the US Patent and Trademark Office has awarded the company a patent for the id Read More »

Mozambique’s CDN to invest $200 mlllion in port upgrade

AJOT | March 01, 2011 | Ports & Terminals

Mozambique's Nacala Development Corridor (CDN) plans to invest $200 million to upgrade its port at Nacala and raise capacity to 16 million tonnes of cargo in 2030 from 1.5 million tons, a CDN official said.

CDN executive director Agostinho Langa said Read More »

Port Everglades Master/Vision Plan update gains approval

AJOT | March 01, 2011 | Ports & Terminals

The Broward County Board of County Commissioners unanimously approved an update of the Port Everglades 20-Year Master/Vision Plan that includes new market projections and plans for increased berth space.

"The Port Everglades Master/Vision Plan is a l Read More »

First containership giant CSCL Star calls Hamburg on her maiden voyage

AJOT | March 01, 2011 | Ports & Terminals

On February 23rd, 2011 the container vessel CSCL Star called the port of Hamburg on her maiden voyage in their Far East liner service “Asia-Europe Express-1/ China-Europe-Mediterranean Service” (AEX-1/CEM). 
CSCL Star with a capacity of 14 074 TEU, Read More »

China suspends second senior railway official

AJOT | March 01, 2011 | Intermodal

China suspended a second senior railways official, the latest official to be implicated in a corruption probe that led to the dismissal of Minister of Railways Liu Zhijun in February.

Zhang Shuguang, the 55-year-old deputy chief engineer at the minist Read More »

China Railway suspends Libya projects, evacuates workers

AJOT | March 01, 2011 | Intermodal

China Railway Group , the country's biggest railroad builder, said it was suspending its three projects in Libya as it evacuates workers due to escalating violence in the African nation.

The total contract value of the three rail projects is $4.24 bil Read More »

YRC lenders to take substantial equity in trucker

AJOT | March 01, 2011 | Intermodal

YRC Worldwide said it has reached a deal with lenders and union workers for a "comprehensive restructuring" of its tenuous finances that will substantially dilute existing shares but stabilize the company.

YRC officials would not disclose the financia Read More »