Britain, China sign $4 billion of deals

AJOT | January 11, 2011 | International Trade

Britain and China signed business deals worth around 2.6 billion pounds ($4 billion, as well as an agreement that will see a breeding pair of giant pandas, Tian Tian and Yuangguang, go to Edinburgh Zoo.

The deals foresee increased sales of Jaguar Land Read More »

China’s 2010 trade surplus dips, but little comfort

AJOT | January 11, 2011 | International Trade

China's global trade surplus narrowed in 2010 for the second straight year, giving Beijing grounds to rebuff U.S. pressure for faster currency appreciation ahead of a visit to Washington next week by President Hu Jintao.

The Chinese government can poi Read More »

EU shoemakers drop call to extend Asia shoe tariffs

AJOT | January 11, 2011 | International Trade

European shoemakers will drop their call for an extension of contentious import tariffs on shoes from China and Vietnam, instead seeking strict monitoring of imports, Europe's largest footwear group said.

EU officials have agreed to conduct weekly mon Read More »

EU to cut punitive China fibreglass tariff

AJOT | January 11, 2011 | International Trade

The European Commission plans a significant cut in the punitive tariffs it imposed last year on Chinese-made fibreglass used in the clean technology sector, EU diplomats and people close to the issue told Reuters.

The Commission, the European Union's Read More »

China urges easing of EU high-tech export controls

AJOT | January 11, 2011 | International Trade

China urged Britain to lobby for an easing of European Union controls on high-tech exports to China.

"We hope our British colleagues can help urge the European Union to relax its restrictions on high-tech exports to China," international trade represe Read More »

Embraer to sell 10 commercial jets to China’s CDB

AJOT | January 11, 2011 | International Trade

Brazilian aircraft maker Embraer agreed to sell 10 of its best-selling commercial aircraft to the leasing unit of China Development Bank, in a deal that could be valued at about $400 million at current market prices.

Deliveries are expected to begin i Read More »

Norway eyes trade deal with China in 2011

AJOT | January 11, 2011 | International Trade

Norway hopes to iron out a free-trade agreement with China during 2011, its trade and industry minister said after a $2 billion sale of a Norwegian silicon producer to a Chinese company. "We have the ambition to land the trade deal during 2011," Trond Gis Read More »

US business group urges gradual change in China yuan

AJOT | January 11, 2011 | International Trade

The United States should not press China for an immediate sharp rise in the value of its yuan currency because that could be bad for both countries, the leader of a top U.S. business group said. Read More »

Zepol releases 2010 US export review

AJOT | January 11, 2011 | International Trade

Zepol Corporation, the leading trade intelligence company, announced the release of a report today analyzing recent export trends for 29 major U.S. industries. This report provides detailed information on 3-digit NAICS (North American Industry Classificat Read More »

US senators doubt WTO would uphold US ethanol tariff

AJOT | January 11, 2011 | International Trade

U.S. senators John McCain and John Barrasso said the extension of U.S. ethanol subsidies and a tariff on imports is likely illegal under international trade rules, lending some support to Brazil's opposition to U.S. ethanol policy.

"I believe the WTO Read More »

UPS, FedEx subject of U.S. antitrust inquiry

AJOT | January 11, 2011 | Air Cargo

United Parcel Service Inc and FedEx Corp are under scrutiny from the U.S. Justice Department over whether they broke antitrust law by trying to shut out bargain-hunting shipping consultants.

The department is focusing on whether the two largest packag Read More »

ECS Group plans more global expansion in 2011

AJOT | January 11, 2011 | Air Cargo

ECS Group, already one of the world's largest GSSA organizations, plans to increase its global network in 2011 with five new offices in the Far East as well as India and further expansion of its presence in Africa.

The ECS network already incorporates Read More »

CSAV service adds new call at Port of Savannah

AJOT | January 11, 2011 | Liner Shipping

Georgia Ports Authority's (GPA) Executive Director Curtis J. Foltz announced that the CSAV America Express (AMEX) all-water service has added the Port of Savannah to its rotation.

'We appreciate CSAV's confidence in our ability to handle its container Read More »

Boxship profits seen hit by market share fight

AJOT | January 11, 2011 | Liner Shipping

A fight for market share between container shipping lines is denting rates and profits, and a lack of capacity discipline could knock earnings below current estimates, shipping consultants Drewry said.

The global shipping industry rebounded in 2010 fr Read More »

Shipping Corp to raise piracy surcharge to $80-$160

AJOT | January 11, 2011 | Liner Shipping

Shipping Corporation of India will increase piracy surcharge from $40-$80 to $80-$160 from Jan 15, 2011, it said in a statement.

The move is aimed at offsetting additional operational costs, it added. (Reuters) Read More »

Panamax rates to stay soft as floods weigh

AJOT | January 09, 2011 | Breakbulk & Projects

Freight rates for panamax bulk carriers on key Asian routes are expected to remain under pressure as record floods in Australia continue to hamper coal shipments and disrupt dry bulk flows.

The floods have forced 75 percent of Queensland's coal mines, Read More »

PD Ports reaches major milestone at Teesport and Progresses with major expansion works

AJOT | January 09, 2011 | Ports & Terminals

PD Ports has announced it has reached another major milestone at Teesport – handling its 150,000 container through its container terminals for the first time in history within a calendar year.

Frans Calje, PD Ports MD Unitised, said: “To have reached Read More »

Dutch chemicals fire disrupts shipping

AJOT | January 09, 2011 | Ports & Terminals

A huge fire broke out at an industrial park near Rotterdam last week, setting off chemical explosions, releasing toxic smoke and disrupting shipping between the country's second-biggest city and Antwerp.

The fire started at a Chemie-Pack chemical plan Read More »

South.Africa coal ships delayed, rain hits Natal

AJOT | January 09, 2011 | Ports & Terminals

South Africa has joined coal exporters facing shipment delays after three derailments on the line from mines to Richards Bay Coal Terminal (RBCT) brought stocks there to very low levels, industry sources said.

The delays to South African shipments, th Read More »

Ports of LA and Long Beach to test new technology to cut vessel emissions

AJOT | January 09, 2011 | Ports & Terminals

An innovative air pollution-reduction device called the “seawater scrubber” will be tested for the first time on a container ship visiting Southern California in a $3.4 million project co-sponsored by the ports of Los Angeles and Long Beach and starting i Read More »