China does not need to revalue yuan

AJOT | April 24, 2011 | International Trade

China does not need to revalue the yuan again, an academic affiliated with the People's Bank of China said, arguing instead for the country to focus on reforming its currency regime to make it more market-oriented.

Wang Yong, a professor with the Peop Read More »

Etihad Air revenue up 21.2%, cautious about future

AJOT | April 24, 2011 | Air Cargo

Abu Dhabi's Etihad Airways said its revenue grew by 21.2 percent to $770 million but that the proportion of customers taking up seats dipped due to regional unrest in the region and the earthquake in Japan.

Etihad's seat factor fell slightly to 72.7 p Read More »

Kenya seeks to boost trade with IT project

AJOT | April 24, 2011 | Air Cargo

Kenya aims to half the time it takes to process goods through customs at ports with investment in a $6 million "single window" system where companies will lodge documentation, a government official said.

Trade contributes $16 billion to the Kenyan eco Read More »

Obama administration backs FAA despite uproar

AJOT | April 24, 2011 | Air Cargo

The Obama administration has full confidence in the top U.S. aviation safety official and his agency following a string of highly publicized lapses by air traffic controllers, including one this week involving a plane carrying first lady Michelle Obama. Read More »

West Coast shippers to South Ameriaca aided by ANS, Atlas Air

AJOT | April 24, 2011 | Air Cargo

The global air cargo expertise of Airline Network Services and Atlas Air has been joined to launch export air shipments from the West Coast to South American markets, according to an announcement by Jens Tubbesing, ANS's Chief Executive Officer. Noting th Read More »

Chad inks airport accord with Chinese firm

AJOT | April 24, 2011 | Air Cargo

The government of Chad said it had signed a $1 billion accord with China CAMC Engineering Co for the construction of an international airport about 40 km (25 miles) from the Central African country's capital.

The deal is the second infrastructure proj Read More »

Further expansion for the Wallenborn Group with opening of new location in Stockholm

AJOT | April 24, 2011 | Air Cargo

Wallenborn Group and its affiliate Haugsted AirCargo Services, specialising in air cargo ground services in the Nordic region, has opened an office at Stockholm Arlanda Airport.

The office, located in the new Spirit Air Cargo Handling terminal in Arla Read More »

NOL Group announces CEO succession plan

AJOT | April 24, 2011 | Liner Shipping

NOL Group announced its executive succession plan to appoint Mr. Ng Yat Chung the next Group President and Chief Executive Officer. Mr. Ng will take over from Mr. Ron Widdows, who will retire from his present post at the end of this year and remain as a Read More »

Toyota Logistics Services recognizes Crowley with Prestigious Logistics Excellence Award

AJOT | April 24, 2011 | Liner Shipping

Toyota Logistics Services recently presented Crowley Maritime Corporation's liner services group with its prestigious Excellence in Quality Award for 2010 in recognition of Crowley's outstanding performance transporting thousands of Toyotas from the U.S. Read More »

CMA CGM says 2nd ship docked in Ivoery Coast

AJOT | April 24, 2011 | Liner Shipping

CMA CGM said its second ship arrived in the port of Abidjan following the company's resumption of services to top cocoa producer Ivory Coast.

The arrival of the CMA CGM Cortes ship followed that of the CMA CGM Rabat, which has since left Abidjan, a sp Read More »

Horizon Lines receives Lowe’s Platinum CarrierAward

AJOT | April 24, 2011 | Liner Shipping

Horizon Lines, Inc. the nation's leading domestic ocean shipping company, has been awarded the 2010 Platinum Carrier Award by home improvement retailer Lowe's Companies Inc. Horizon was the only Jones Act ocean carrier so honored. Read More »

Hapag suitors to hand in bids in late May

AJOT | April 24, 2011 | Liner Shipping

TUI AG , co-owner of Hapag-Lloyd, has asked Chinese group HNA and Oman's Onyx Investments to make binding bids for a stake in the shipping group by late May, three people close to the process said.

While the suitors are currently conducting due dilige Read More »

OWL is the first NVOCC to handle freight directly from growers

AJOT | April 24, 2011 | Liner Shipping

Ocean World Lines (OWL), a global, single source NVOCC (non-vessel operating common carrier) and a subsidiary of Pacer International, is helping apple growers in the U.S. increase their exports and meet the growing demand among global consumers for this p Read More »

Piracy spurs India coal buyers to diversify

AJOT | April 19, 2011 | Breakbulk & Projects

Indian coal buyers struggling with Somali pirate attacks on ships from South Africa find taking longer routes of limited use and are turning to Australia and Russia for fuel to avoid the Indian Ocean completely.

Somali pirates, whose hijacking of oil Read More »

SCI to buy 2 bulk carriers from Chinese shipyard

AJOT | April 19, 2011 | Breakbulk & Projects

Shipping Corp of India has signed contracts for acquisition of two resale Supramax bulk carriers with China's Grand Yard Investments Ltd, the Indian firm said.

The vessels have been acquired through a competitive global tendering process and will be d Read More »

Last weekend the large pile frame for the construction of the 40 meter deep quay walls of…

AJOT | April 19, 2011 | Ports & Terminals

Last weekend the large pile frame for the construction of the 40 meter deep quay walls of Maasvlakte 2 was moved from the site of the future Rotterdam Gateway Terminal to the site of AP Moller’s terminal. Both quay walls are completed this year. The frame Read More »

Higher container volumes sets port record

AJOT | April 19, 2011 | Ports & Terminals

Surging container volumes at the Port of New Orleans so far in 2011 resulted in a record month for the cranes used to move the 20- and 40-foot boxes from ship to shore.

The Port’s container gantry cranes, rented by terminal operators to load and unloa Read More »

Cordero confirmed to be newest FMC member

AJOT | April 19, 2011 | Ports & Terminals

Long Beach Harbor Commissioner Mario Cordero has been confirmed by the U.S. Senate as the newest member of the Federal Maritime Commission, an agency responsible for regulating the nation’s international ocean transportation. Read More »

Konecranes wins order for 19 industrial cranes from Ma’aden rolling company in Ssudia Arabia

AJOT | April 19, 2011 | Ports & Terminals

Konecranes will supply 19 industrial cranes to Saudi Arabian Ma’aden Rolling Company’s rolling mill in the new industrial zone of Raz Az Zawr north of Jubail. The order was received during the first quarter 2011. Delivery of the cranes will start in Septe Read More »

Full revival of Ivorian cocoa exports to take weeks

AJOT | April 19, 2011 | Ports & Terminals

Ivory Coast cocoa exports will reach normal volumes no sooner than the end of April as authorities iron out new tax and customs procedures, banks reopen, and security improves, shippers said.

The world's top grower of cocoa is slowly recovering from a Read More »