ACM sees dry bulk broking growth in weaker market

AJOT | January 23, 2011 | Breakbulk & Projects

ACM Shipping Group expects its dry bulk broking business to grow in the coming months despite potential problems facing the sector, the company's chief executive said. Read More »

Somali pirates seize Mongolian-flagged bulk carrier

AJOT | January 23, 2011 | Breakbulk & Projects

Somali pirates have seized a Mongolian-flagged bulk carrier off the coast of Oman, the European Union Naval Force for Somalia (EU Navfor) said.

EU Navfor said the pirates hijacked MV Hoang Son Sun about 520 nautical miles southeast of the port of Musc Read More »

Fleet supply to overshadow dry bulk sector in 2011

AJOT | January 23, 2011 | Breakbulk & Projects

An oversupply of ships will continue to weigh on overall prospects for the dry bulk industry in 2011 despite an expected pick-up in rates for smaller vessels later this year, ship industry officials said.

The dry freight market has been pressured by g Read More »

Iraq to ask foreign firms to build 10 ships

AJOT | January 23, 2011 | Breakbulk & Projects

Iraq's Transport Ministry said it would invite foreign firms in early March to submit bids to build 10 ships, including bulk cargo and container vessels, for an estimated value of $110 million.

Ismat Amer, head of the state-run sea transport company, Read More »

Nordana’s Mediterranean Service to call Savannah

AJOT | January 23, 2011 | Ports & Terminals

Nordana has announced that its Mediterranean service will be making regularly-scheduled, direct vessel calls in Georgia at the Port of Savannah. This enhancement to the service will commence with the sailing of the M/V Schackenborg on March 5th. Read More »

Arch Coal moves for second Pacific export facility

AJOT | January 23, 2011 | Ports & Terminals

Arch Coal Inc said it signed an agreement for a Canadian Pacific Coast shipping terminal as part of its strategy to export more coal to Asian markets.

The deal with Canadian Crown Corp Ridley Terminals Inc to use the marine terminal near Prince Rupert Read More »

Debt-ridden Dubai World sees improving profitabilty

AJOT | January 23, 2011 | Ports & Terminals

Dubai World, the Gulf emirate's flagship conglomerate that has restructured $25 billion in debt, expects recovery in its critical businesses such as ports and free trade zones, a government statement said.

"The board of directors voiced confidence in Read More »

Port of Long Beach posts record gains in 2010

AJOT | January 23, 2011 | Ports & Terminals

Containerized cargo at the Port of Long Beach increased by 1.2 million units in 2010, the largest single increase of any seaport in the United States, according to year-end totals.

Port shipping terminals moved a total of 6.3 million twenty-foot equiv Read More »

APS Technology provides total terminal automation solutions for new TCBuen Terminal in…

AJOT | January 23, 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 award of a terminal-wide automation solutions project for the Terminal de Read More »

South Carolina port volume up 17% in 2010

AJOT | January 23, 2011 | Ports & Terminals

The Port of Charleston closed 2010 with a nearly 17 percent increase in container volume, capping a year marked by new shipping services, statewide business initiatives and the arrival of the biggest ships on the East Coast.

December marked the twelft Read More »

ASPA seeks offering on Bulk Handling Facility

AJOT | January 23, 2011 | Ports & Terminals

The Alabama State Port Authority’s (ASPA) announced it is actively seeking prospects to lease and operate its Bulk Material Handling Plant (Bulk Plant) at the Port of Mobile. The Bulk Plant, located on the north end of the port, has been operated by the Read More »

Trucks burst through ribbon, officially opening Cargo Bay Road

AJOT | January 23, 2011 | Ports & Terminals

Three trucks dramatically burst through a ceremonial red ribbon, signaling the opening of the Cargo Bay Road truck entrance to the Port of Houston Authority’s Turning Basin Terminals. The new entrance on the northeast side of the main terminal officially Read More »

Hutchison unit eyes $6 blllion Singapore listing, record for Southeast Asia

AJOT | January 23, 2011 | Ports & Terminals

Hutchison Whampoa plans to spin off its holdings in two ports assets, a move expected to raise $6 billion in what could be Southeast Asia's largest ever stock offering.

The listing by Hutchison, a ports-to-telecom conglomerate owned by Hong Kong tycoo Read More »

Konecranes acquires company in South America

AJOT | January 23, 2011 | Ports & Terminals

In early January 2011 Konecranes acquired Gruas Koman Limitada, the former licensee of Konecranes in Recoleta, Santiago, Chile. The acquisition also includes the Peruvian start-up subsidiary, Koman Gruas Peru S.R.L. The companies specialize in providing a Read More »

Ivorian cocoa from plantation to port

AJOT | January 23, 2011 | Ports & Terminals

EU-registered vessels have been barred from all new financial dealings with Ivory Coast's two main cocoa-exporting ports as part of sanctions imposed after November's contested election.

The European Union froze the European assets of the two main por Read More »

Rumo to add rain shields at Brazil sugar berths

AJOT | January 23, 2011 | Ports & Terminals

Rumo, the logistics arm of world top sugar and ethanol producer Cosan , is literally planning ahead for a rainy day, installing covers at port terminals to allow loading of sugar in wet weather.

Last year, persistent rain at Brazil's main sugar-handli Read More »

CN, CP Railway workers give union strike mandate

AJOT | January 23, 2011 | Intermodal

Unionized workers at both Canadian National Railway and Canadian Pacific Railway have voted in favor of giving their union a strike mandate if labor talks fail, the Canadian Auto Workers union.

The strike deadline at CN, the country's biggest railway, Read More »

FESCO streamlines container business management

AJOT | January 23, 2011 | Intermodal

FESCO Transportation Group announced that it has reorganized the management system of its container business.

In line with the company's development strategy, the Group has formed a single logistics integrator, which is responsible for management of t Read More »

Vitran expands Into the Southern U.S. with planned acquisition of the Milan Express LTL business

AJOT | January 23, 2011 | Intermodal

Vitran Corporation Inc. (Nasdaq:VTNC) (TSX:VTN), a North American LTL transportation and Supply Chain firm, today announced the intended asset acquisition of Milan Express' LTL business. Milan's regional LTL business operates 34 facilities in central and Read More »

TRAC Intermodal’ launches TRAC Connect’ in Metro Pool and Gulf Regional Pool for CMA CGM

AJOT | January 23, 2011 | Intermodal

TRAC Intermodal announced today that it has launched TRAC Connect in the NY/NJ Metro Pool and Gulf Regional Pool to supply Motor carriers directly with chassis for the pickup and delivery of CMA CGM loads. TRAC Connect is a web-based marketplace designed Read More »