Iran cargo ship, seized in Hong Kong, released

AJOT | February 27, 2011 | International Trade

Iran has secured the release of a container ship seized by authorities in Hong Kong more than three months ago due to sanctions-related problems, the semi-official Fars news agency reported.

Five vessels operated by the Islamic Republic of Iran Shippi Read More »

China denies study on EU telecom subsidies

AJOT | February 27, 2011 | International Trade

China's commerce ministry denied conducting a study on European Union subsidies for telecom firms but said any such trade protectionism is unacceptable.

A faxed statement from the Ministry of Commerce added that it would pay close attention to informa Read More »

Huawei calls on US government to investigate it

AJOT | February 27, 2011 | International Trade

China's Huawei Technologies Co has challenged the United States to launch a formal investigation into its business, in an attempt by one of the world's largest telecommunications equipment makers to clear its name from allegations that have blocked U.S. d Read More »

EU states vote to tax ceramic tiles from China

AJOT | February 27, 2011 | International Trade

European governments approved plans to impose import taxes on Chinese bathroom, kitchen and paving tiles, EU diplomats said, in a bid to quell a price war in a 4 billion euro market.

A majority of envoys from EU countries backed import duties of up to Read More »

EU trade chief: industry must expose China state aid

AJOT | February 27, 2011 | International Trade

The European Union will take further action against Chinese state subsidies that hurt European interests, but regulators need European whistleblowers to help them succeed, the EU's trade chief said.

"We have come to the conclusion in the European Comm Read More »

South Africa suspends beef exports due to foot and mouth

AJOT | February 27, 2011 | International Trade

Suspected outbreak of foot and mouth disease in the eastern part of the country, Agriculture Minister Tina Joemat-Pettersson said.

"We have suspended all exports of cloven hoofed animals (such as) cattle, goats, sheep and their products with immediate Read More »

Russia to cut timber duty when joins WTO

AJOT | February 27, 2011 | International Trade

Russia will cut tariffs on timber sales to the European Union by two thirds as soon as it joins the World Trade Organization, which could be by the end of the year, Europe's trade chief said.

The 153 members of the global trade body were likely to acc Read More »

Korean Air A380 features airline’s unique colors

AJOT | February 27, 2011 | Air Cargo

All eyes are turning to Hamburg as Korean Air's first A380 is rolled out with its distinctive blue, white and silver design.

The aircraft is the first of ten A380s ordered by the airline with delivery of the first one set for second quarter this year Read More »

Horizon Lines may breach financial covenant

AJOT | February 27, 2011 | Liner Shipping

Cargo shipper Horizon Lines LLC said it may breach its financial covenants as it expects weak first-quarter results due to the seasonality of its new trans-Pacific service between the U.S. West Coast and China.

The North Carolina-based company suspend Read More »

NOL endows scholarship to honor Lua Cheng Eng

AJOT | February 27, 2011 | Liner Shipping

NOL Group announced a $400,000 gift to Singapore Management University (SMU) to endow a scholarship commemorating the late Lua Cheng Eng.

Lua, who passed away last November at the age of 72, was CEO of the container shipping and logistics company for Read More »

CMA CGM reports excellent performance for 2010

AJOT | February 27, 2011 | Liner Shipping

The Board of Directors of France-based CMA CGM, the world's third largest container shipping group, met under the chairmanship of Jacques R. Saad' to review the financial statements for the year ended 31 December 2010. Read More »

Horizon Lines announces management changes

AJOT | February 27, 2011 | Liner Shipping

Horizon Lines, Inc. announced that the company's Board of Directors has named Alex J. Mandl to the position of Chairman and appointed Stephen H. Fraser as interim President and Chief Executive Officer (CEO), succeeding Chairman, President and Chief Execut Read More »

Horizon Lines reaches resolution with Department of Justice and moves forward on debt refinancing ef

AJOT | February 27, 2011 | Liner Shipping

Horizon Lines, Inc. confirmed that it has entered into a plea agreement with the Antitrust Division of the U.S. Department of Justice (DOJ). Under the agreement, which is subject to court approval, Horizon Lines will plead guilty to a charge of violating Read More »

Grindrod FY profit falls, shipping outlook grim

AJOT | February 23, 2011 | Breakbulk & Projects

Africa's biggest shipping company Grindrod posted a 12 percent fall in full-year profit as the stronger rand ate into its overseas earnings while increased competition depressed freight rates. Read More »

Dry bulk shipping could see oversupply problem through 2014-SSY

AJOT | February 23, 2011 | Breakbulk & Projects

Dry bulk freight could see oversupply problems linger through 2014 if shipowners do not cancel more newbuilding orders and send older vessels to scrap yards, an official with shipbroker SSY said.

Despite surging commodity prices, the Baltic Exchange's Read More »

Piracy premium hampers global fuel trade

AJOT | February 23, 2011 | Breakbulk & Projects

Pirate attacks are starting to distort world fuel trade, threatening supplies of jet fuel and diesel to Europe from Asia, because higher premiums for shipping make trade uneconomic.

While the two latest ships seized in the Indian Ocean this month were Read More »

WWL increases frequency on North America to Oceania trade

AJOT | February 23, 2011 | Breakbulk & Projects

Wallenius Wilhelmsen Logistics (WWL), a global leader in RoRo shipping and factory-to-dealer logistics, has increased the frequency of its North America to Oceania trade to a total of four sailings per month. Read More »

Steder Group moves heavy offshore crane from Malaysia to Belgium

AJOT | February 23, 2011 | Breakbulk & Projects

Steder Group b.v., a member of the Worldwide Project Consortium WWPC for The Netherlands, was awarded shipment of a complete off-shore installation crane from Malaysia to Belgium. Steder Group part-chartered the Heavy Lift vessel LENA from Port Kel Read More »

Grain cargoes being diverted from Libya

AJOT | February 23, 2011 | Ports & Terminals

Grain cargoes bound for Libya are being diverted because of port closures as a revolt against Muammar Gaddafi disrupts economic life in the North African country, shipping sources said.

Oil-rich Libya imports large quantities of grain. Prior to the cr Read More »

New Maersk South American service joins growing list of carriers calling at Packer Terminal in…

AJOT | February 23, 2011 | Ports & Terminals

Business at Packer Avenue Marine Terminal (PAMT) continues to grow with the arrival of a new container service to the Port of Philadelphia: Maersk Line and its new Spondylus service, which offers weekly ports of call between Philadelphia and the west coas Read More »