Capesizes to ease on Japan uncertainty, weak China demand

AJOT | March 24, 2011 | Breakbulk & Projects

Rates for capesize carriers on key Asian freight routes are expected to ease due to weak Chinese iron ore demand and uncertainty over Japan's import needs in the wake of this month's devastating earthquake.

For the panamax and supramax market, rates Read More »

Japan’s rebuilding to offer little to distressed freight market

AJOT | March 24, 2011 | Breakbulk & Projects

Japan's reconstruction efforts will do little to boost global freight rates near two-year lows as fleet expansion overshadows any demand surge from the world's third-largest economy.

The benchmark index for seaborne trade, an indicator of world econom Read More »

MOL ferry helps transport JSDF personnel, vehicles

AJOT | March 24, 2011 | Breakbulk & Projects

Mitsui O.S.K. Lines, Ltd. reported that MOL Ferry Co., Ltd., a MOL Group company, transported about 2,700 Japan Self-Defense Forces (JSDF) personnel and about 930 emergency vehicles from Tomakomai in Hokkaido to Aomori, the capital of Aomori prefecture, o Read More »

32,000-pound gas turbine ships through Savannah’s Ocean Terminal

AJOT | March 24, 2011 | Ports & Terminals

Last week, a more than 332,000-pound gas turbine was offloaded shipside directly onto a super trailer at the Georgia Ports Authority’s (GPA) Ocean Terminal. This oversized or “project cargo” was one of five heavy-lift pieces in the shipment that also incl Read More »

Japan seeks to ease radiation fears in shipping community

AJOT | March 24, 2011 | Ports & Terminals

Japan's transport ministry sought to ease growing fears among global shipping lines on the safety and insurance issues of operating in Tokyo Bay, saying radiation at the country's largest ports were at "very safe" levels.

At least two German shipping Read More »

Good results for Port of Rotterdam Authority important for investments

AJOT | March 24, 2011 | Ports & Terminals

The Port Authority’s results for 2010 amount to € 154 million. That is € 10 million more than the results for 2009, excluding the one-off proceeds of a sale during that year. The increase in the results is thanks, among other things, to the strong recover Read More »

Tanzania container traffic seen up 10% in 2011

AJOT | March 24, 2011 | Ports & Terminals

Container volumes handled by Tanzania's Dar es Salaam port are expected to rise by 10 percent this year after the port operator invested in new cargo handling equipment.

Tanzania International Container Terminal Services (TICTS), a unit of Hutchison P Read More »

Hutchison Port may see weak debut, hurt by Japan woes

AJOT | March 24, 2011 | Ports & Terminals

Hong Kong billionaire Li Ka-shing's Hutchison Port Holdings Trust's $5.5 billion initial public offering is expected to make a weak debut in Singapore, as ongoing concerns about Japan's nuclear crisis spook global markets.

Hutchison Port, a unit of Hu Read More »

February volume up 7% at South Carolina Ports

AJOT | March 24, 2011 | Ports & Terminals

Volume at South Carolina’s public ports was up in February on the heels on major improvements to container operations and the completion of a nearly $22-million project to accommodate growth in Charleston’s breakbulk sector.

Container volume in the Po Read More »

Ferguson, Gibson reappointed to Ports of Indiana commission

AJOT | March 24, 2011 | Ports & Terminals

Gov. Mitch Daniels recently reappointed two key leaders for the Ports of Indiana commission, as Marvin Ferguson and Greg Gibson were each called to serve another term.

“Our commission includes some of Indiana’s finest business minds,” said Ports of In Read More »

India, China’s rivalry and a tale of two ports

AJOT | March 24, 2011 | Ports & Terminals

India and China's quest for clout and resources extends across the globe, but perhaps the best manifestation of this fierce competition, and possible sign of who will ultimately win, lies in a tale of two ports.

The port of Chabahar in the southwest c Read More »

Container volume remains strong at the GPA with 16.3% TEU increase for February

AJOT | March 24, 2011 | Ports & Terminals

The Georgia Ports Authority (GPA) announced today that it experienced 16.3 percent container volume growth in February 2011 with additional impressive gains in automobiles, machinery and wood pulp.

“Our ports are critical to Georgia’s continued econo Read More »

World’s largest container vessels to call at DCT Gdansk

AJOT | March 24, 2011 | Ports & Terminals

DCT Gdansk, Poland’s biggest container terminal will start handling the largest container vessels in the world from May 2011. Vessels of 15,500 TEU capacity will be calling at DCT Gdansk terminal within Maersk Line AE10 service connecting the Far East and Read More »

Cargotec joins forces with Navis

AJOT | March 24, 2011 | Ports & Terminals

Cargotec has completed the acquisition of terminal operating system (TOS) provider Navis from Zebra Technologies Corporation. Cargotec announced its decision to acquire Navis on 31 January 2011.

The acquisition combines Navis' flexible and scalable TO Read More »

Jindal Saw to buy logistic firm to ramp up scale

AJOT | March 24, 2011 | Intermodal

Steel pipemaker Jindal Saw Ltd is in talks to acquire a logistic firm that operates container trains and owns terminals for about 1-1.5 billion rupees and expects to close the deal in three months, its managing director said.

"We are planning to acqui Read More »

US railroad Q1 volume up at least 5%

AJOT | March 24, 2011 | Intermodal

Railroad carload volume is up at least 5 percent in the first quarter, despite unusually disruptive winter storms, and should keep growing with the economy this year, several railroad executives said at a conference.

"We feel good about 2011," Wick Mo Read More »

Canada moves to improve railway grain service

AJOT | March 24, 2011 | Intermodal

Ottawa will move to quell complaints by western Canadian farmers about poor rail freight service by giving grain shippers more clout in ensuring consistent operations, but is taking no immediate steps to penalize railways for bad performance. Read More »

Goldman Sachs raises CSX to buy, cuts Canadian Pacific

AJOT | March 24, 2011 | Intermodal

Goldman Sachs upgraded CSX Corp to "buy" rating, saying the railroad company's attempts to cut structural costs will boost margins and that it will benefit from rising demand for coal.

Goldman, however, cut Canadian Pacific , Canada's second biggest r Read More »

CN critical of Rail Freight Service Review final report

AJOT | March 24, 2011 | Intermodal

CN expressed its serious concerns about the final report of the Rail Freight Service Review (RFSR) panel that was issued and its disappointment with the Government's response.

While CN is pleased that, in releasing the report, the Government recognize Read More »

UAE’s first federal rail link to be ready in early 2013

AJOT | March 24, 2011 | Intermodal

The United Arab Emirates' Etihad Rail said its first route will be completed in early 2013 between Habshan and Ruwais in Abu Dhabi as part of its 40 billion dirhams ($10.9 billion) project to build a rail network.

The first route will transport granul Read More »