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Airlines’ security costs on the rise in 2010

AJOT | November 11, 2010 | Air Cargo

Airlines' security costs in 2010 will be more than the $5.9 billion they spent last year because of the growth in traffic, the director general of air lobby group IATA.

Giovanni Bisignani, director general of the International Air Transport A Read More »

Air Canada says may appeal EC’s cargo cartel fine

AJOT | November 11, 2010 | Air Cargo

Air Canada said it may appeal a decision by the European Commission to fine it 21.03 million euros ($29 million) in a cargo price-fixing case. Read More »

Thai Air says EU drops cargo cartel charges

AJOT | November 11, 2010 | Air Cargo

National carrier Thai Airways International PCL said the European Commission had dropped charges against it relating to competition rules in the cargo sector and it did not now face any fine. Read More »

Cathay Pacific says weighing options after EU fine

AJOT | November 11, 2010 | Air Cargo

Cathay Pacific Airways Ltd said it is evaluating its options with regard to a decision by the European Commission to fine the Hong Kong carrier 57.12 million euros ($78.57 million) over a cargo price-fixing case.

"Cathay Pacific is reviewing the decis Read More »

Singapore Air says likely to appeal EU fine on cargo

AJOT | November 11, 2010 | Air Cargo

Singapore Airlines said its cargo unit is likely to appeal a ruling by the European Commission that it was involved in a price-fixing case involving several airlines.

The Singapore flag carrier also said it will make a provision of about S$134 million Read More »

TIACA welcomes WCO’s decision for reducing paper-based documentation for international air cargo…

AJOT | November 11, 2010 | Air Cargo

TIACA has welcomed as a 'significant step forward' the World Customs Organization's (WCO) decision to work towards reducing the profuse paper-based documentation that accompanies international air cargo shipments.

The WCO's key Permanent Technical Com Read More »

Evergreen Line supports new low sulfur program at ports of Hong Kong and New York/New Jersey

AJOT | November 11, 2010 | Liner Shipping

Evergreen Line has announced the implementation of Hong Kong's "Fair Winds Charter" (Voluntary Clean Fuels Initiative for ocean-going vessels calling at Hong Kong) and the Port of New York/New Jersey's "Ocean-Going Vessel Low-Sulfur Fuel Program" pursuing Read More »

Maersk Line CEO sees strong container market in 2011

AJOT | November 11, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipper, is optimistic for next year on strong demand growth from emerging markets and stable freight rates, its chief executive said.

"We do see the (industry) growth next year could be 7 to 8 perce Read More »

Maersk lifts outlook as profit beats forecast

AJOT | November 11, 2010 | Liner Shipping

Shipping and oil group A.P. Moller-Maersk hiked its 2010 profit forecast to around $5 billion as it posted forecast-beating profits for nine months, driven by cost cuts and higher freight rates and oil prices.

The upgrade from the previous guidance fo Read More »

Goldenport eyes container ship acquisitions

AJOT | November 11, 2010 | Liner Shipping

Greek shipping group Goldenport Holdings will look at container ship acquisitions in the coming months, helped by an improving market and a war chest of over $150 million, its commercial director said.

Global turmoil in 2008 battered the container mar Read More »

China steel demand to face headwinds in 2011

AJOT | November 09, 2010 | Breakbulk & Projects

China's steelmakers face falling prices in the next few months as property market curbs begin to bite, in a trend that could spread to upstream sectors such as spot iron ore, coking coal and seaborne shipping rates.

After four years of double Read More »

Shipping faces tough year despite strong China demand

AJOT | November 09, 2010 | Breakbulk & Projects

China's expanding appetite for foreign iron ore, coal and grains will not be enough to lift the world's maritime industry out of its doldrums as it faces a flood of new vessels next year.

The global fleet of dry bulk carriers is expected to o Read More »

MOL adopts low-friction ship bottom paint on a new PCTC

AJOT | November 09, 2010 | Breakbulk & Projects

Mitsui O.S.K. Lines, Ltd. Has announced the adoption of the low-friction ship bottom paint named 'LF-Sea' developed by Nippon Paint Marine Coatings Co., Ltd. (headquarters: Kobe City, Hyogo; President: Nobuhiro Sasaki) on a new building PCTC(Pure Car and Read More »

Pakistan may nix port deal with PSA, China to benefit?

AJOT | November 09, 2010 | Ports & Terminals

The head of Pakistan's Baluchistan province pledged to challenge in the courts what he said was a "one-sided" deal with a Singapore company to run a strategic harbor in Gwadar port.

Authorities dismissed any notion that the port would be hand Read More »

China Merchants to buy Nigeria port operator stake

AJOT | November 09, 2010 | Ports & Terminals

China Merchants Holdings International has agreed to form a joint venture that will buy a 47.5 percent stake in a container-terminal operator in Nigeria from Israel's Zim Integrated Shipping for $154 million. Read More »

Pinto Steel Terminal handles first shipment of Brazilian made steel slab

AJOT | November 09, 2010 | Ports & Terminals

The Alabama State Port Authority offloaded through its Pinto Steel Terminal the first shipment of Brazilian made steel slab bound for the ThyssenKrupp Steel USA multi-billion dollar steel processing facility at Calvert, Ala. Just over 50,000 metric tons o Read More »

CN improves supply chain efficiencies for European vehicle imports

AJOT | November 09, 2010 | Ports & Terminals

CN said new supply chain efficiencies have reduced dwell times for European import vehicles handled by CN's Autoport Terminal in Halifax by approximately 25 per cent since implementation last spring.

The Autoport facility - one of the largest Read More »

Kalmar introduces new hydraulic hybrid drive terminal tractor

AJOT | November 09, 2010 | Ports & Terminals

As emission regulations grow stricter and the price of diesel fuel continues to rise, Cargotec is the first to launch a hydraulic hybrid drive terminal tractor offering customers improved performance, significant savings in fuel costs and even greater red Read More »

Transformer for St. Lucie Nuclear Power Plant arrives at Port of Palm Beach

AJOT | November 09, 2010 | Ports & Terminals

On November 4, the multipurpose ship BCC Delaware arrived at the Port of Palm Beach with a transformer for the St. Lucie Nuclear Power Plant. The transformer weights 489,000 lbs. is designed to replace an aging transformer currently in use at the nuclear Read More »

Old Dominion announces rate increase

AJOT | November 09, 2010 | Intermodal

Todd Polen, Vice President of Pricing for Old Dominion Freight Line, Inc., announced from the less-than-truckload carrier's Thomasville, N.C. headquarters that the organization would be increasing its base rates effective November 15, 2010 Read More »

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