US exporters vexed as Congress fights over trade

AJOT | June 14, 2011 | International Trade

Jason Speer is eagerly eyeing Colombia's booming oil sector for his Illinois-based company's float valves, but fears his Canadian competitors will get there first.

In the race for new exports to fast-growing, energy-rich Latin America, U.S. manufactur Read More »

Russia eyes export duty on grade of thermal coal

AJOT | June 14, 2011 | International Trade

Russia's Energy Ministry is considering protective export duties on a grade of thermal coal which accounted for about 15 percent of Russia's coal exports last year, a deputy energy minister said.

"The electricity section of our ministry is looking at Read More »

WTO will strengthen EU claims on China export curbs

AJOT | June 14, 2011 | International Trade

An upcoming ruling by the World Trade Organization on whether China broke global rules by limiting raw material exports will bolster European plans to challenge other curbs by Beijing, the EU's trade chief said.

"I believe this will considerably stren Read More »

US trade gap narrows as Japan imports tumble

AJOT | June 14, 2011 | International Trade

The U.S. trade deficit narrowed unexpectedly in April, as U.S. exports rose to a new record and imports from Japan tumbled more than 25 percent in the aftermath of its earthquake, tsunami and nuclear disaster, a U.S. government report showed.

The mont Read More »

Report urges US tariff cuts to help poor consumers

AJOT | June 14, 2011 | International Trade

The United States should eliminate most, if not all, of its remaining taxes on imported goods to give low-income consumers extra spending cash, a new report recommended.

"The ideal approach would be bold: simply abolish consumer-good tariffs on clothe Read More »

Swiss exporters scent success despite strong franc

AJOT | June 14, 2011 | International Trade

"Blessed are the cheesemakers," runs a line from the 1979 Monty Python film, "The Life of Brian". According to Matthias Kunz, whose company exports Swiss cheese to places from Germany to Brazil, you can find blessings even in a soaring currency. Read More »

In reversal, FTR shippers condition index improves

AJOT | June 14, 2011 | International Trade

Breaking a long term decline, in a significant reversal the FTR Associates' Shippers' Condition Index (SCI) as reported in the firm's June Shippers Update improved to a reading of -5.4 from -11.4 the prior month. The healthier environment for shippers is Read More »

New cargo opportunities in Mexico for Air France-KLM Cargo

AJOT | June 14, 2011 | Air Cargo

Starting 16 June, 2011, Air France-KLM Cargo & Martinair Cargo will operate a 5th full freighter flight to Mexico City.

This 5th freighter flight will be operated with a Boeing 777 Freighter on a Thursday/Friday rotation from Paris-CDG to Mexico, and Read More »

AECOM program supports airport terminal planning, logistics

AJOT | June 14, 2011 | Air Cargo

AECOM Technology Corporation, a leading provider of professional technical and management support services for government and commercial clients around the world, is working with Los Angeles World Airports (LAWA) to integrate Esri's ArcGIS Server with Mic Read More »

MSC to implement a PSS ex all Far East/Asia to USA & Canada

AJOT | June 14, 2011 | Liner Shipping

MSC will implement a Peak Season Surcharge (PSS) ex all Far East/Asia to USA and Canada as follows effective July 15, 2011.

To US East Coast, US West Coast and US intermodal points moving through US East and West Coasts: Read More »

NOL signs letters of intent to build 12 new ships

AJOT | June 14, 2011 | Liner Shipping

NOL Group signed letters of intent to build 12 new container vessels. The ships, all to be built in South Korea, would include:

  • Ten 14,000-TEU vessels to be constructed by Hyundai Samho Heavy Industries Co., Ltd; and
  • Two 9,200-TEU ve Read More »

SIRAT appointed CMA CGM Group CFO

AJOT | June 14, 2011 | Liner Shipping

CMA CGM Group reinforces its financial organization with the appointment of Michel Sirat to the position of Group Chief Financial Officer.

With degrees from respectively the Institut d'Etudes Politiques of Paris, the Ecole Centrale of Paris and the Ec Read More »

Crowley vessels & crews awarded Chamber of Shipping of America 2010 James F. Devlin Awards for…

AJOT | June 14, 2011 | Liner Shipping

Thirty-nine Crowley Maritime Corporation vessels and their crews were awarded the 2010 Jones F. Devlin Award for safety during this month's Chamber of Shipping of America (CSA) Annual Safety Awards Luncheon. Together these vessels represent 160 total year Read More »

Zepol reports April vessel imports increase 7.95%

AJOT | June 14, 2011 | Liner Shipping

Zepol Corporation, the leading trade intelligence company, reports that U.S. import shipment volume for May, measured in TEUs, increased 9.27% from April and 8.76% from May of 2010. The total number of shipments also increased 9.35% from April and more th Read More »

No major upturn in dry freight before 2013

AJOT | June 13, 2011 | Breakbulk & Projects

A major upturn in dry bulk shipping rates is not expected before the end of 2013 as the freight market will continue to struggle with mounting fleet growth, leading ship broker Fearnleys said.

Sverre Svenning, director with Fearnley Consultants, which Read More »

China dry bulk volumes slowing

AJOT | June 13, 2011 | Breakbulk & Projects

Indications are growing that throughput at China's ports is slowing down and that imports of iron ore could weaken, a senior executive with China COSCO Holdings Co Ltd said.

Simon Young, chief executive of COSCO UK, a unit of China's top shipping cong Read More »

Capesize ship scrapping at record high in 2011-SSY

AJOT | June 13, 2011 | Breakbulk & Projects

Scrapping of large capesize vessels in the first five months of this year has hit its highest level since 1996, although rising fleet growth will pressure the dry bulk market, shipbroker SSY said.

The outlook for dry bulk shipping rates has been grim Read More »

Dockwise requests more leeway from Netherlands Government to counteract pirates

AJOT | June 13, 2011 | Breakbulk & Projects

Dockwise urges the Netherlands government to allow for better protection on its vessels to counteract piracy in the Gulf of Aden and the Indian Ocean. As the ability of governments to offer military protection is limited, the ability for ship owners to em Read More »

Demag Cranes supplies mobile harbour cranes to Canada for bulk handling

AJOT | June 13, 2011 | Ports & Terminals

Demag Cranes has received an order to supply two Mobile Harbour Cranes to Canada. The two identical machines are 4-rope grab cranes for professional bulk handling. Vale Inco Limited (Vale), the second-largest mining and metals company in the world, a new Read More »

Containership newbuilding UMM SALAL makes first call in Port of Hamburg

AJOT | June 13, 2011 | Ports & Terminals

The UMM SALAL, the biggest containership to date belonging to United Arab Shipping Company (UASC), tied up in the Port of Hamburg on her maiden voyage. The giant container ship, with a capacity of 13,100 TEU (20 foot standard containers) was handled at Eu Read More »