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Maersk: 2010 freight rates at break-even at best

AJOT | April 18, 2010 | Liner Shipping

Maersk Line, the world's biggest container shipping company, sees 2010 freight rates reaching break-even at best on the back of a slow recovery in demand, its chief operating officer said.

In presentation material for the 12th Global Liner Sh Read More »

MOL Announces Changes to Africa Trade Network

AJOT | April 18, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL, President: Akimitsu Ashida) announced changes in its services related to the Africa trade.
Aiming for more stable service and schedule integrity, Mozambique Zuid Africa Service (MZX) will cover Durban, which is currently c Read More »

Evergreen Marine to bolster box ship fleet

AJOT | April 18, 2010 | Liner Shipping

According to press reports, Taiwan's Evergreen Marine, the world's fourth largest shipping firm, said it plans to spend more than US$5 billion on newbuildings.
The company is planning on adding 100 container vessels to the group fleet of around 150 Read More »

Premium Article  Port of Albany gears up

George Lauriat | April 11, 2010 | Breakbulk & Projects | Ports & Terminals

In early February the MV Beluga SkySails called the Port of Albany to pick up a load of power generating equipment manufactured by General Electric (GE) in nearby Schenectady, New York. It was a significant call in a number of respects. In the first insta Read More »

Premium Article  Looking forward, Massport readies port for New England’s post-recession economy

George Lauriat | April 11, 2010 | International Trade | Ports & Terminals

“Objects in the rear view mirror may appear larger than they are.”

Financial pundits like former Federal Reserve Chief Alan Greenspan, Robert Hall, head honcho of the NBER’s (National Bureau of Economic Research) Business Cycle Dating Read More »

Premium Article  Rebuilding NE – Nova Scotia Marine Services

AJOT | April 11, 2010 | Liner Shipping | Ports & Terminals | Transport Intermediaries

Build it and the freight will come. John Hudson, President of Atlantic Maritime Transit Agency in Boston, is seeking to build a coalition of stakeholders to restore steamship service between New England and the Canadian Maritimes. The coalition made up of Read More »

Premium Article  NORAD invests in Quonset Point/Davisville

AJOT | April 11, 2010 | Ports & Terminals | Transport Intermediaries

North Atlantic Auto Distribution (NORAD) continues to make substantial investments at Quonset Point/Davisville. Mike Miranda, Owner and President of the company reports that business is much stronger this year. The company provides an array of services to Read More »

Premium Article  New York-New Jersey-New England Northeast is increasingly served by NYNJ

Peter Buxbaum | April 11, 2010 | International Trade | Liner Shipping | Ports & Terminals | Transport Intermediaries

United Liquors is an importer of alcoholic beverages headquartered in West Bridgewater, MA, distributing its products largely in Massachusetts, New Hampshire, and Vermont. The port of Boston is the closest and arguably most convenient port from which to d Read More »

Premium Article  Rail abandonment in Maine puts freight at risk

AJOT | April 11, 2010 | Intermodal

On February 5th 2010, the Montreal, Maine & Atlantic Railway (MMA) filed a "Notice of Intent " with the Surface Transportation Board (STB) to abandon certain of its lines in Maine. The notice, which is required by the STB, represented a preliminary step i Read More »

Premium Article  TIGER grant will expedite RI infrastructure improvements

AJOT | April 11, 2010 | Energy | International Trade | Ports & Terminals

In February, Rhode Island’s Governor Donald L. Carcieri announced that the Quonset Development Corporation (QDC), a subsidiary of the Rhode Island Economic Development Corporation (EDC) was awarded a $22.3 million Transportation Investment Generating Econ Read More »

Premium Article  Connecticut receives $40 Million for New-Haven-Hartford-Springfield Rail Corridor

AJOT | April 11, 2010 | Intermodal

Governor M. Jodi Rell announced that Connecticut has received $40 million in federal stimulus funding that will be used to add double-tracking to the New Haven-Hartford-Springfield rail line – the first step toward providing high-speed commuter rail servi Read More »

Premium Article  Multiple factors weigh on chemicals sector

Karen Thuermer | April 11, 2010 | International Trade

The chemicals industry has long been regarded stodgy, outmoded, and heavily weighed down by regulations and massive factories that limit its ability to act nimbly to market conditions.

By Karen E. Thuermer, AJOT Read More »

Shippers may gain from quarterly ore price switch

AJOT | April 11, 2010 | Breakbulk & Projects

A switch by major miners to quarterly pricing of iron ore contracts is likely to lift rates in the short-term for larger capesize ships with volatile freight activity expected, brokers and analysts said.
Rio Tinto became the latest miner on Friday Read More »

Greek shippers set to grow despite crisis at home

AJOT | April 11, 2010 | Breakbulk & Projects

Greek ship owners are gearing up for expansion despite the economic turmoil at home and aim to capitalise on a downturn in the seaborne sector by snapping up vessel assets at lower prices. Read More »

Rickmers appoints Telemar for its fleet

AJOT | April 11, 2010 | Breakbulk & Projects

The Telemar Group through its German subsidiary Telemar GmbH is to provide broadband satellite communication for the entire Rickmers fleet. The Rickmers Group, operating a fleet of 102 vessels, is a diversified group with activities in the business fields Read More »

Dockwise secures $40 million in near-term contracts and variation commitments

AJOT | April 11, 2010 | Breakbulk & Projects

Dockwise Ltd. announced seven near-term contract wins for the transportation of four jack-up rigs, jack-up construction vessels, supply boats and a floating crane barge, to be transported to Rio de Janeiro, Brazil; Egypt; Sharjah, UAE; Singapore; Rotterda Read More »

Volkswagen awards WWL contract for Chattanooga faciltity

AJOT | April 11, 2010 | Breakbulk & Projects

Wallenius Wilhelmsen Logistics (WWL), a global leader in factory-to-dealer logistics, has been awarded the vehicle processing and yard management business at Volkswagen Group of America, Chattanooga Operations new plant in Chattanooga, Tennessee. Read More »

Intermarine revises BSC

AJOT | April 11, 2010 | Breakbulk & Projects

Intermarine, the agent for the Industrial Maritime Carriers and West Coast Industrial Express announces that the carriers will revise the bunker surcharges on all services to/from South America, Mexico and the Caribbean effective May 6, 2010. Read More »

Kenya’s port traffic up 16 percent in 2009

AJOT | April 11, 2010 | Ports & Terminals

Kenya's only deep water port and East Africa's main trade gateway handled a total 19.06 million tons in 2009, up from 16.41 million in the previous year, the port operator said in a report.
The container terminal handled 618,816 twenty foot equival Read More »

GPA posts tonnage growth for 3rd quarter FY2010


AJOT | April 11, 2010 | Ports & Terminals

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced that the GPA continued to experience positive growth during the month of March and has recorded four consecutive months of double-digit growth through its ports. Read More »

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