Premium Article  AJOT interview with Brian M. Conrad, Executive Administrator, Transpacific Stabilization Agreement

AJOT | December 12, 2010 | People | Interviews | International Trade | Liner Shipping

Editor’s Note: TSA (Transpacific Stabilization Agreement) was established in 1989 and includes in its membership the ocean carriers Hapag-Lloyd, Hyundai, K Line, Maersk, MSC, NYK, OOCL, Yang Ming and Zim. TSA’s activities extend to the largest ocean conta Read More »

Premium Article  Shippers and ocean carriers face off over “OSRA 2010”

George Lauriat | December 12, 2010 | Liner Shipping

On September 22nd 2010, Congressman Elijah Cummings (Dem-MD) introduced bill H.R. 6167 which would alter the regulatory regime of the Ocean Shipping Reform Act of 1998. Representative James Oberstar (Dem-MN), Chairman of House Transportation and Infrastru Read More »

Premium Article  Change in chassis ownership generates savings & revenues to carriers but places new burden on truck

Stas Margaronis | December 12, 2010 | Intermodal

The ocean carriers have been for years trying to end their stake in the “trucking” business in North America. With carriers working hard to return to profitability and with the trucking business perceived as a liability, getting out is not an option bu Read More »

Premium Article  Korea-US Free Trade Agreement (KORUS) - a win win?

George Lauriat | December 12, 2010 | International Trade

During the news conference after the new FTA was agreed, South Korean Trade Minister Kim Jong-hoon said, the new KORUS is a “win-win” deal for both parties.

On announcing the KORUS FTA, President Barack Obama said, “This deal is a win for American Read More »

Vale’s mega ships to stall maritime recovery for years

AJOT | December 12, 2010 | Breakbulk & Projects

The rollout of the world's largest dry bulk carriers by Brazilian mining giant Vale in 2011 will slash the cost of shipping commodities and choke off a recovery in the freight market for years.

China's ravenous appetite for iron ore and coal, the two Read More »

Rand Logistics provides business update

AJOT | December 12, 2010 | Breakbulk & Projects

Rand Logistics, Inc. announced that all four vessels that experienced unrelated mechanical incidents in the fiscal second quarter are now fully operational. The Company also reports that the plans to convert its last steam-powered vessel, the Michipicote Read More »

Columbia River coal dock; - By Leo Quigley, AJOT

AJOT | December 12, 2010 | Ports & Terminals

The first U.S. major coal terminal to open on the U.S. West Coast has received preliminary approval by the Cowlitz County, WA, Board of Commissioners. The approval will allow Millennium Bulk Logistics Inc., owned by Australian – based Ambra, to undertake Read More »

Direct West Coast of South America Service begins at the Port of Halifax

AJOT | December 12, 2010 | Ports & Terminals

CMA CGM's expanded Black Pearl service will inaugurate weekly and direct container service to ports in Panama, Ecuador, Peru and Chile from the South End Container Terminal, operated by Halterm Container Terminal Limited, at the Port of Halifax. Read More »

Statistics on vessels, port cargo and containers for the 3rd quarter

AJOT | December 12, 2010 | Ports & Terminals

In the third quarter of 2010, Hong Kong’s total port cargo throughput increased by 5% compared with a year earlier to 67.8 million tons. Within this total, inward and outward port cargo rose by 8% and 2% to 39.1 million tons and 28.7 million tons respect Read More »

Petrobras to build ports, heliports for offshore boom

AJOT | December 12, 2010 | Ports & Terminals

Brazilian state oil company Petrobras plans to build three ports and three heliports to provide logistical support for its expanding deepwater oil operations, a company official said. Read More »

Port of Long Beach, Panama Canal Authority sign accord


AJOT | December 12, 2010 | Ports & Terminals

Officials from the Port of Long Beach and the Panama Canal Authority on Tuesday, December 7, agreed to a series of efforts to promote more trade between Latin America and the U.S.

With the signing of a Memorandum of Understanding, the two authorities Read More »

Columbia River coal dock

AJOT | December 12, 2010 | Ports & Terminals

The first U.S. major coal terminal to open on the U.S. West Coast has received preliminary approval by the Cowlitz County, WA, Board of Commissioners. The approval will allow Millennium Bulk Logistics Inc., owned by Australian – based Ambra, to undertake Read More »

Mica selected Chairman of Transportation and Infrastructure Committee

AJOT | December 12, 2010 | Intermodal

U.S. Rep. John L. Mica (R-FL) was confirmed by vote of the House Republican Conference to serve as Chairman of the Committee on Transportation and Infrastructure in the 112th Congress.

Mica will be Florida's first full Transportation Committee Chairma Read More »

Zepol reports November containerized imports fall

AJOT | December 12, 2010 | International Trade

Zepol Corporation, the leading trade intelligence company, reports that import shipment volume for November, measured in TEUs, decreased 0.92% from October and increased 14.23% over November 2009. The total number of shipments rose slightly at 0.20% from Read More »

PepsiCo eyes East European expansion in dairy

AJOT | December 12, 2010 | International Trade

PepsiCo , which last week struck a $3.8 billion deal to buy Russia's Wimm-Bill-Dann, plans to expand further on the East European dairy market, including via acquisitions, a senior executive said.

Ramon Laguarta, President of PepsiCo Eastern Europe, t Read More »

Obama pushes export reforms, eyes Russia in WTO

AJOT | December 12, 2010 | International Trade

U.S. President Barack Obama voiced strong support for Russian membership in the World Trade Organization as he laid out an overhaul of export controls to help U.S. high-tech firms increase foreign sales.

Obama aims to double U.S. exports within five y Read More »

South Korea and Malaysia eye free trade pact

AJOT | December 12, 2010 | International Trade

South Korea and Malaysia may enter a free trade pact as they look to double trade in five years, the two countries said.

"We managed to achieve a tremendous amount of bilateral trade, in the figure of $16 billion (this year), and in the next five year Read More »

US labor group to oppose Obama on South.Korea trade

AJOT | December 12, 2010 | International Trade

The largest U.S. labor organization said it will fight President Barack Obama on a free trade deal with South Korea, despite changes his administration made to the pact to broaden support.

The revised deal still fails to meet the AFL-CIO's requirement Read More »

Panasonic eyes growth in washing machine sales

AJOT | December 12, 2010 | International Trade

Panasonic Corp is aiming to grow 30 percent in washing machines sales in fiscal 2012 from 2009 standards by expanding its product line-up priced for middle-income households in emerging markets, the Nikkei said.

The company targets sales of 5.3 millio Read More »

Mitsubishi invests $535 mlllin to make new car in Thailand

AJOT | December 12, 2010 | International Trade

Mitsubishi Motors Corp said it would spend 16 billion baht ($535 million) to build its new "Global Small" car in Thailand, announcing a new factory with initial capacity of 150,000 cars a year.

The plant, the Japanese automaker's third in Thailand and Read More »