Apple juggernaut to see more China gains as telcos ring deals

AJOT | July 25, 2011 | International Trade

Apple is set to exponentially grow its China business as the country's No.1 and No.3 telecom operators jostle to stitch up deals to sell iPhones in the world's largest mobile phone market, home to more than 900 million subscribers.

China Unicom is the Read More »

Under debt shadow, Clinton to push Asia on trade

AJOT | July 25, 2011 | International Trade

U.S. Secretary of State Hillary Clinton will urge Asia to embrace "open, free, transparent and fair" global trade rules in a speech overshadowed by fears of a catastrophic U.S. debt default.

U.S. officials said Clinton will use her speech to business Read More »

Mexico posts $308 adjusted trade deficit in June

AJOT | July 25, 2011 | International Trade

Mexico posted a trade deficit in June, weighing on the economy as growth in factory exports trended lower, the national statistics agency said.

The trade deficit was $308 million in June when adjusted for seasonal swings, down from a $340 million defi Read More »

GE tops Wall Street estimates on overseas demand

AJOT | July 25, 2011 | International Trade

General Electric Co notched a better-than-expected 21.6 percent rise in earnings, helped by strong demand for jet engines as well as equipment used in oil and natural gas production.

The largest U.S. conglomerate said on Friday its second-quarter resu Read More »

India closer to opening up multi-brand retailers

AJOT | July 25, 2011 | International Trade

India took an important step towards opening up its $450 billion retail sector to foreign players such as U.S.-based Wal-Mart, a move seen aimed at tackling supply bottlenecks and high food price inflation.

A majority of members of a committee of top Read More »

Russia to keep farm subsidies after WTO entry

AJOT | July 25, 2011 | International Trade

President Dmitry Medvedev said that Russia will not withdraw state subsidies for farmers if it joins the WTO, which Moscow hopes will happen later this year after 18 years of accession talks.

Russia is the biggest economy outside the World Trade Organ Read More »

Chinese city orders two fake Apple Stores to close

AJOT | July 25, 2011 | International Trade

Chinese officials in Kunming have ordered two fake Apple shops to close, not because of piracy or copyright concerns, but because the stores in the southwestern city did not have an official business permit.

Five self-branded "Apple Stores" were found Read More »

Train crash could curb China rail equipment exports

AJOT | July 25, 2011 | International Trade

A deadly train crash in China over the weekend has raised concerns about the safety of the country's fast-growing rail network and threatens to undermine its plans to export high-speed train technology.

The concerns were enough to push share prices do Read More »

SENTRY 400 FlightSafe’ accepted for use by Southwest Airlines Cargo

AJOT | July 25, 2011 | Air Cargo

OnAsset Intelligence, a leading provider of machine-to-machine (M2M) wireless asset tracking solutions, announced that Southwest Airlines Co. (NYSE: LUV) is now accepting cargo shipments containing OnAsset's SENTRY 400 FlightSafe' device, to provide locat Read More »

Embraer picks IAE as engine supplier for cargo plane

AJOT | July 25, 2011 | Air Cargo

Embraer, the world's biggest maker of regional aircraft, chose International Aero Engines as engine supplier for its military transport plane KC-390, signaling that the company is moving ahead in its venture into defense within schedule.

Sao Jose dos Read More »

Ruslan International loads 6.74 meter diameter bearing ring into An-124

AJOT | July 25, 2011 | Air Cargo

The Antonov An-124, best known for its long history of transporting challenging heavy- and outsize loads, has just carried a 6.74 meter bearing ring.

The bearing ring, for a mining machine, weighed in at only 12 tons including its steel transport crad Read More »

Southern Air signs an agreement with Saudi Arabia Airlines

AJOT | July 25, 2011 | Air Cargo

Southern Air and Saudi Arabian Airlines have signed a definitive agreement under which Southern Air will operate one Boeing 747 freighter on behalf of Saudi Airlines Cargo Co. Ltd. on an ACMI basis (aircraft, crew, maintenance and insurance). The aircraf Read More »

UPS profit up, keeps outlook despite economy

AJOT | July 25, 2011 | Air Cargo

United Parcel Service Inc , the world's largest package delivery company, reported higher second-quarter profit and reaffirmed its 2011 outlook despite a sputtering economic rebound.

International shipment volume escalated while domestic deliveries st Read More »

MOL adopts low-friction ship-bottom paint

AJOT | July 25, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. Has announced the adoption of a new low-friction ship-bottom paint 'Seaflo Neo' developed by Chugoku Marine Paint, Ltd. After analyzing the results of an onboard test with a newbuilding vessel, the company confirmed that the new Read More »

Hamburg S’d to announce change in chassis provisioning model in Oakland, CA

AJOT | July 25, 2011 | Liner Shipping

Hamburg S'd will implement a revised policy on chassis provision in the Oakland area effective September 15, 2011. Today, Hamburg S'd sources chassis out of Ports America Outer Harbor, for both merchant haulage as well as carrier conducted intermodal move Read More »

Crowley names Cosgrove VP of Marine Operations for Liner Services

AJOT | July 25, 2011 | Liner Shipping

Crowley Maritime Corp. has announced that Cole Cosgrove has assumed the role of vice president of marine operations for Crowley's liner services groups. Cosgrove will continue to work out of the company's Jacksonville office while reporting to John Hourih Read More »

TUI struggling to divest Hapag-Lloyd

AJOT | July 25, 2011 | Liner Shipping

TUI AG is pushing back the deadline for the planned divestment of a stake in Hapag-Lloyd again as it struggles to find a buyer, five people familiar with the process said.

"We need a more stable market environment. At the moment it is impossible to ge Read More »

NOL carries 5% more cargo in 4 weeks to July 1

AJOT | July 25, 2011 | Liner Shipping

Singapore's Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, reported a 5 percent rise in its cargo in the four weeks period to July 1 from a year ago but weakness in Asia-Europe rates pushed its average revenue lower by 1 Read More »

Hamburg S’d christens Santa Cruz in Shanghai

AJOT | July 25, 2011 | Liner Shipping

On July 23, 2011, as part of a customer event, Hamburg S'd christened the container ship Santa Cruz in Shanghai. Sponsor of the Santa Cruz was Heike Schmidt, wife of Dr Heino Schmidt, Member of the Executive Board of Hamburg S'd. Read More »

Russia aims to return to top grain shippers club

AJOT | July 24, 2011 | Breakbulk & Projects

Russia expects to reprise its role as a leading grain exporter this season thanks to a good harvest after last year's severe drought forced it to impose an export embargo, the Agriculture Minister said.

Russia sees grain exports of 18 million tons in Read More »