NOL carries 12% more cargo in 4 weeks

AJOT | May 02, 2011 | Liner Shipping

Neptune Orient Lines (NOL), the world's seventh largest container shipping firm, it carried 12 percent more cargo in the four weeks to April 8 from a year ago, helped by higher traffic on intra-Asia and Asia-Europe routes.

NOL carried 229,700 forty-fo Read More »

Horizon Lines reaches agreement with CSX on reduced vessel charter payments

AJOT | May 02, 2011 | Liner Shipping

Horizon Lines, Inc. announced that it has finalized an agreement with CSX Corporation to reduce charter payments on three vessels leased from CSX.

Under the agreement, charter hire expense has been reduced by $3 million annually, retroactive to Januar Read More »

North Carolina port receives wind turbine shipment

AJOT | April 28, 2011 | Ports & Terminals

North Carolina's Port of Morehead City recently received its second shipment of wind turbines. The wind turbines were discharged from the M/V PAC Alkaid to three trucks for transport.

The Port of Morehead City’s location, its ability to provide custom Read More »

Cargotec, Konecranes show strong Q1 orders

AJOT | April 28, 2011 | Ports & Terminals

Finnish engineering firms, led by Cargotec, reported strong orders for the first quarter which boosted their shares as business activity picked up following the global economic slowdown.

Finnish cargo handling equipment maker Cargotec reported a bigge Read More »

Containerized cargo upswing continues at Port Everglades

AJOT | April 28, 2011 | Ports & Terminals

A positive sign that international trade to South Florida continues to improve, Port Everglades officials are reporting that containerized cargo for the first six months of the fiscal year ended March 31, 2011 is up 12.9 percent over the same period last Read More »

Telvent to implement global maritime management platform for the Port of Barcelona

AJOT | April 28, 2011 | Ports & Terminals

Telvent, the leading real-time IT solutions and information provider for a sustainable world, announced today that it has been selected by the Barcelona Port Authority (BPA) to carry out the implementation of a global maritime management platform for the Read More »

Governor appoints Rusovich to Board of Commissioners of Port of New Orleans

AJOT | April 28, 2011 | Ports & Terminals

Governor Bobby Jindal has appointed Gregory R. Rusovich to the Board of Commissioners of the Port of New Orleans.

Rusovich will serve a five-year term, succeeding Capt. A.J. Gibbs, one of four Orleans Parish members on the regional Board, which govern Read More »

Grand Alliance inaugural arrives from Vietnam

AJOT | April 28, 2011 | Ports & Terminals

The “NYK Lodestar” recently docked at the HHLA Container-Terminal Altenwerder (CTA). Her cargo included containers shipped directly from Vietnam, to be unloaded in Hamburg. The “NYK Lodestar” was the first vessel of the Grand Alliance consortium of shippi Read More »

Myanmar, China agree cross-border rail project

AJOT | April 28, 2011 | Intermodal

Myanmar and China have agreed to build a rail link connecting Southwest China with the Indian Ocean, officials and local media said.

The railroad will be built in five stages over the next three years and will stretch for total of 1,215 kilometres (75 Read More »

Norfolk Southern profit jumps

AJOT | April 28, 2011 | Intermodal

Norfolk Southern Corp reported a quarterly profit that beat Wall Street estimates as shipments of goods from coal to autos picked up, even as higher fuel prices raised costs.

Fuel costs and truck capacity shortages have driven more traffic to railroad Read More »

TransForce to buy DHL Express Canada’s domestic business

AJOT | April 28, 2011 | Intermodal

TransForce Inc , a mid-tier Canadian trucker, said it will buy the assets of DHL Express Canada's domestic business, to boost its presence in package and courier services.

The deal is expected to add more than C$275 million to TransForce's annual reve Read More »

EU trade chief would support China credit challenge

AJOT | April 28, 2011 | International Trade

The European Commission would file a case against China at the World Trade Organization over export credits if these could be shown to be unfair state aid, the EU's trade chief said.

EU businesses and officials have complained that Chinese low-cost ex Read More »

USTR: worker retraining critical for trade deals

AJOT | April 28, 2011 | International Trade

The U.S. Congress needs to renew a retraining program for American workers who have lost their job due to foreign competition to ensure enough support to approve pending free trade agreements with Colombia, Panama and South Korea, the top U.S. trade offic Read More »

More to explore for world trade deal, EU says

AJOT | April 28, 2011 | International Trade

The European Union presented world trade negotiators with a last-minute plan to rescue stalled free trade talks on Friday, saying there were still avenues of negotiation to explore after 10 years of trying.

In a presentation to a key meeting of World Read More »

US panel oks steep duties on Chinese aluminum goods

AJOT | April 28, 2011 | International Trade

A U.S. trade panel gave final approval to duties ranging up to more than 400 percent on around $500 million of aluminum products from China used in the car and construction industry.

The move is the latest sign of trade friction between the world's tw Read More »

GE sees SE Asia sales rising, to invest $1 blllion

AJOT | April 28, 2011 | International Trade

General Electric Co , the largest U.S. conglomerate, sees revenues from Southeast Asia rising as much as 30 percent this year and expects investment in the region of at least $1 billion in the next three years.

GE, the world's largest maker of jet eng Read More »

Obama says pleased with progress on Panama trade pact

AJOT | April 28, 2011 | International Trade

President Barack Obama said he expects Congress to pass a U.S.-Panamanian free trade deal that he plans to send to U.S. lawmakers as part of a wider package on trade, but gave no details on timing.

"My expectation is that as part of a broader trade pa Read More »

US senator revives threat of action on China yuan

AJOT | April 28, 2011 | International Trade

A top U.S. senator said he was "more convinced than ever" of the need to pass legislation to force China to raise the value of its currency against U.S. dollar.

"Despite its rampant inflation problem, China's government does not seem prepared to let t Read More »

Mercosur trade deal to cost EU farmers billions

AJOT | April 28, 2011 | International Trade

European farmers could lose more than 3 billion euros in annual revenue by 2020 under any free trade deal between the European Union and Latin America's Mercosur region, a study for the EU's executive showed.

The deepest loses would be felt by beef pr Read More »