Group urges US not to implement WTO loss to China

AJOT | March 24, 2011 | International Trade

The United States should refuse to implement a World Trade Organization ruling that would weaken its ability to use countervailing duty laws against subsidized goods from China, a coalition of labor and business groups said.

"In a series of increasing Read More »

US, China steel dispute goes to WTO court

AJOT | March 24, 2011 | International Trade

The World Trade Organization (WTO) referred to its court system a U.S. complaint against China over anti-dumping duties that China has imposed on certain types of electrical steel.

The issue now goes before a panel of the WTO's Dispute Settlement Body Read More »

‘Cargo supermarket’ results in strong growth in Boeing 747 charters for Volga-Dnepr Group

AJOT | March 24, 2011 | Air Cargo

Volga-Dnepr Group's commitment to offering customers a 'Cargo Supermarket' of air logistics solutions has resulted in a significant increase in demand for Boeing 747F charter flights for the transportation of non-standard cargoes.

Its latest flight d Read More »

Lufthansa Cargo relief flight for earthquake victims in Japan

AJOT | March 24, 2011 | Air Cargo

Lufthansa Cargo and the EU Commission are putting on a relief flight today with urgent supplies for the Japanese people devastated by the earthquake. The cargo carrier is providing an MD-11 freighter free of charge for the special flight from Frankfurt to Read More »

Air Canada Cargo awards Wallenborn Group distribution contract in Europe

AJOT | March 24, 2011 | Air Cargo

Air Canada Cargo has awarded a two-year contract to Wallenborn Group to provide international road feeder services covering 40 airports in 14 countries in Europe and Scandinavia.

The collaboration agreement covers Air Canada's major European ga Read More »

LufthansaCargo CEO sees prices stable this year

AJOT | March 24, 2011 | Air Cargo

Lufthansa Cargo Chief Executive Karl Ulrich Garnadt said he expects the prices that customers pay the carrier to transport goods by air to remain at least stable this year.

"Prices have returned to pre-crisis levels after last year's trough," Garnadt Read More »

Lufthansa Cargo posts record results to underpin future investments

AJOT | March 24, 2011 | Air Cargo

Lufthansa Cargo returned record results in 2010. The cargo carrier impressively harnessed the global economic upswing to post an operating profit of 310 million euros. Revenues rose to near pre-crisis levels and totaled 2.8 billion euros. The positive bus Read More »

Aeroframe announces expansion at Chennault International Airport

AJOT | March 24, 2011 | Air Cargo

Gov. Bobby Jindal and Aeroframe Services President and CEO Roger Porter announced Aeroframe will further expand its presence at Chennault International Airport, exceeding its previously projected job creation levels.

In February 2010, Gov. Jindal and Read More »

LufthansaCargo says Japan volumes haven’t dropped

AJOT | March 24, 2011 | Air Cargo

Disruptions to production in Japan following this month's catastrophe have so far not had a major impact on the amount of freight leaving the country by air, the head of Lufthansa Cargo said.

"On the cargo side, we have not seen any dramatic decline i Read More »

Korean Air delays 787 Dreamliners delivery to 2016

AJOT | March 24, 2011 | Air Cargo

Korean Air Lines Co Ltd said it had revised a purchase agreement with Boeing to take delivery of 10 787 Dreamliner aircraft starting from 2016, five years later than previously scheduled. Read More »

New President to lead Express Delivery & Logistics Association

AJOT | March 24, 2011 | Air Cargo

Scott Cannon, CEO of MNX, was recently elected president of the Express Delivery and Logistics Association (XLA). He commenced his term as president on March 11 after nomination and approval at the 2011 XLA annual membership meeting held at AirCargo 2011 Read More »

Hapag-Lloyd IPO decision postponed

AJOT | March 24, 2011 | Liner Shipping

The owners of Hapag-Lloyd AG have postponed a decision on floating the container shipping group, its majority owner said.

"There will be no decision on an IPO (initial public offering) today," a spokesman for the Albert Ballin consortium, which owns 5 Read More »

Sea Star Line boosts 53’ container fleet by 25%;

AJOT | March 24, 2011 | Liner Shipping

Sea Star Line, LLC, has placed an order for 100 brand-new 53-foot cargo containers to serve customers at its Jacksonville and Philadelphia ports. The containers will be available for immediate use in the third quarter of 2011 ' just in time to accommodate Read More »

Maersk expects Q2 freight rate rebound

AJOT | March 24, 2011 | Liner Shipping

Container shipping will shake off an array of risks from Japan to the Middle East and rates will begin a seasonal recovery in the second quarter, the head of the world's biggest container shipper said.

Maersk Line, which carries 15 percent of all seab Read More »

China, Europe container rates drop below $1,000

AJOT | March 24, 2011 | Liner Shipping

Spot rates for shipping containers from Shanghai to Europe have dropped below $1,000 per twenty-foot unit for the first time since March 2009 due to low volumes and fierce competition, shipping body BIMCO said.

The global shipping industry recovered i Read More »

Evergreen Line to launch weekly TMI service between Thailand, Malaysia and Indonesia

AJOT | March 24, 2011 | Liner Shipping

Evergreen Line has launched a weekly Thailand-Malaysia-Indonesia (TMI) service, the carrier announced today. The new trade route will enhance Evergreen Line's Southeast Asia service network and replace the existing Indonesia-Malaysia (IS1) service. Read More »

Maersk Line to cut stops in HK, divert to Nansha

AJOT | March 24, 2011 | Liner Shipping

Maersk Line will cut the number of ship calls at Hong Kong by about a quarter from April, one of the biggest changes for the world's third-busiest port in years.

Maersk Line confirmed a newspaper report that it would cut the number of ships calling at Read More »

Maersk Line celebrates 5th anniversary of fuel switch

AJOT | March 24, 2011 | Liner Shipping

Maersk Line's SINE M'RSK changed the course of low-sulfur distillate fuel use when she called Los Angeles. Five years later, this fuel switch has resulted in a 3700 ton savings in air emissions benefiting those who live and work in California. A 4100 to Read More »

MOL upgrades North Europe - West Africa service

AJOT | March 24, 2011 | Liner Shipping

MOL is upgrading its current ARN product to a fixed day weekly service between Europe and West Africa, with excellent connections via Antwerp for Asian and North American cargo.

The new service will launch from Hamburg on 6 April, calling Thamesport, Read More »

Hyundai Heavy says wins $711 mlllion order from Germany

AJOT | March 24, 2011 | Liner Shipping

South Korea's Hyundai Heavy Industries said on Monday that it had won an 800 billion won ($711 million) order to build six (corrects from nine) container ships for German shipping line Hamburg Sud Group. Read More »