Wal-Mart to close Moscow office, sees no deals

AJOT | December 13, 2010 | International Trade

U.S. retail group Wal-Mart Stores Inc will close its Moscow office amid a lack of acquisition opportunities, abandoning for now its long-running quest to enter the Russian market.

"Since we have decided to enter the (Russian) market through acquisitio Read More »

Huawei aims India investments of over $2 billion in 5 years

AJOT | December 13, 2010 | International Trade

Chinese telecoms gear maker Huawei aims to invest more than $2 billion in India over the next five years in areas including expansion of its research and manufacturing capabilities in the country, one of the world's biggest telecoms markets. Read More »

Pakistan seeks UAE trade to lift economy

AJOT | December 13, 2010 | International Trade

Pakistan needs increased investment and trade opportunities from the UAE to build the economy and help it become more independent from foreign aid, the chief minister of Punjab province said.

"We are not here to seek aid but rather trade," Mohammed Sh Read More »

Dubai 2011 exports seen up 20%, new tariffs unlikely

AJOT | December 13, 2010 | International Trade

Dubai's non-oil exports may grow 20 percent in 2011 as new doors to African markets open, and the government is not expected to impose any new tariffs on trade, two government officials said.

A rise in exports next year would aid help economic recover Read More »

EU, India resolve trade dispute over generic drugs

AJOT | December 13, 2010 | International Trade

The European Union and India resolved a dispute over generic drugs which should remove obstacles to Indian drugs manufacturers exporting products to the developing world, officials said.

Indian Commerce and Industry Minister Anand Sharma told Reuters Read More »

China signs deal to allow cassava imports from Cambodia

AJOT | December 13, 2010 | International Trade

China has signed an agreement to allow imports of tapioca or cassava from Cambodia for use as a food starch as well as for ethanol production.

The agreement was signed during Cambodia Prime Minister Hun Sen's visit to Beijing, China's General Administ Read More »

China to appeal WTO tIre ruling

AJOT | December 13, 2010 | International Trade

China plans to appeal a World Trade Organisation ruling that the U.S. was entitled to impose extra safeguard duties on Chinese tIres, the Ministry of Commerce said.

China's Ministry of Commerce said in a statement on its website that it was "deeply co Read More »

Brink appointed to succeed Foucault as Senior VP Sales & Distribution at Air France-KLM Cargo

AJOT | December 13, 2010 | Air Cargo

As per January 1, 2011, Mattijs ten Brink is appointed to take over the position as Senior Vice President Sales & Distribution for Air France-KLM Cargo and Martinair Cargo from Jean Charles Foucault. At the end of 2010, Jean Charles Foucault will retire f Read More »

IATA ups airline profit forecasts

AJOT | December 13, 2010 | Air Cargo

The world's airlines will return to profit this year and next at higher levels than previously expected, due to an upturn in the market and better capacity usage, industry association IATA said.

However, margins remain low and the sector's recovery is Read More »

Bruner and Newsome receive 2010 Connie Awards from 
Containerization & Intermodal…

AJOT | December 13, 2010 | Liner Shipping

The Containerization & Intermodal Institute (CII) presented 2010 Connie Awards to J. Russell Bruner, Chairman and CEO of Maersk Inc., and James I. Newsome III, President and CEO of the South Carolina State Ports Authority, at The Newark Club that also com Read More »

TNWA offers direct Vietnam-to-North Europe Service

AJOT | December 13, 2010 | Liner Shipping

The New World Alliance (TNWA), which includes Mitsui O.S.K. Lines (MOL), APL, and Hyundai Merchant Marine (HMM), will introduce a direct Vietnam-to-North Europe service for the first time.

Alliance partners said today they will create the new route by 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 »