Major public-private partnership brings cleaner air to Maryland

AJOT | October 27, 2010 | Intermodal

Public and private sector representatives have unveiled the state's first ultra-low emission GenSet locomotive at an event at Baltimore's Camden Station. Jointly funded by the U.S. Environmental Protection Agency (EPA) and CSX, the locomotive will be used Read More »

Russia’s TransContainer eyes up to $481 mln from IPO

AJOT | October 27, 2010 | Intermodal

Russian Railways unit TransContainer is looking to raise up to $481 million from an initial public offering (IPO) of a nearly 35 percent stake as part of a big asset sale aimed at modernising the infrastructure giant.

The state rail monopoly Read More »

China says rare earths no

AJOT | October 27, 2010 | International Trade

China will not use its dominance of global rare earths supplies as a "bargaining tool" with foreign economies, a spokesman for the country's Ministry of Industry and Information Technology said. Read More »

Retailers look beyond BRICs for growth

AJOT | October 27, 2010 | International Trade

Retailers are looking beyond the big emerging markets of Brazil, Russia, India and China (BRICs) as they hunt for growth amid signs that spending in U.S. and western European markets will remain subdued for some time.

Executives and economist Read More »

Six US companies win Sudan farming export licences

AJOT | October 27, 2010 | International Trade

Six U.S. firms have won export licences to Sudan under an easing of sanctions on the agriculture sector, a major step forward to create large-scale mechanised farms, the head of Sudan's largest sugar firm said.

Kenana Managing Director Mohame Read More »

EU investigates Chinese screw exports via Malaysia

AJOT | October 27, 2010 | International Trade

The European Union's executive has begun investigating whether Chinese exporters are using Malaysia as an illegal transhipment hub to evade EU import duties on steel screws and bolts, the EU said.

"The (EU executive) Commission has at its dis Read More »

Obama to push trade, currency issues in India visit

AJOT | October 27, 2010 | International Trade

U.S. President Barack Obama faces a range of trade hurdles when he travels to India in early November to unlock a huge untapped commercial potential that would help ballast the rise of Asian giant China. Read More »

EU launches five-year tariff on Chinese car wheels

AJOT | October 27, 2010 | International Trade

The European Union has imposed five-year tariffs on Chinese aluminium car wheels it says are being dumped on the EU market, it said.

The 22.3 percent duty comes despite fierce political lobbying and opposition from EU car makers who import th Read More »

Brazil wants IMF-led FX manipulation index

AJOT | October 27, 2010 | International Trade

Brazil's Finance Minister Guido Mantega will propose at the Group of 20 nations meeting next month that the International Monetary Fund create an index measuring currency manipulation, local media reported.

The idea is to identify who is keep Read More »

Cargo activity continues to stabilize at Rickenbacker Airports

AJOT | October 27, 2010 | Air Cargo

Cargo activity at Rickenbacker International Airport indicate a modest increase thus far in 2010.

At Rickenbacker International Airport over 12.5 million pounds of cargo moved through the airport in September for a 1.5 percent decrease compar Read More »

Chile’s airline LAN Q3 net profit more than doubles

AJOT | October 27, 2010 | Air Cargo

Chile's dominant airline LAN said on Tuesday its third quarter net profit more than doubled from a year ago to $106.2 million on the strength of its passenger and cargo business. Read More »

Emirates boosts operations to Saudi Arabia

AJOT | October 27, 2010 | Air Cargo

Emirates Airline today announced plans to advance its existing operations in the Kingdom of Saudi Arabia with an additional 10 services per week to Riyadh and Jeddah, highlighting the increased economic ties between the UAE and Saudi Arabia. Read More »

Air France-KLM raises full-year earnings guidance

AJOT | October 27, 2010 | Air Cargo

Air France KLM , Europe's largest airline, said it would raise its full-year earnings expectations based on revenue performance in recent months and forward bookings.

The airline, which has been hit both by a volcanic ash cloud that closed ai Read More »

Lufthansa upbeat on 2011 as premium demand returns

AJOT | October 27, 2010 | Air Cargo

Deutsche Lufthansa AG expects business to remain strong into 2011 after demand for international premium class travel and cargo services improved in the third quarter, the airline said.

"Average yields went up significantly in all long-haul r Read More »

France sovereign fund mulls shipping firm investment

AJOT | October 27, 2010 | Liner Shipping

France's sovereign wealth fund is considering an investment in indebted French shipping company CMA CGM alongside Turkish conglomerate Yildirim, a spokesman for the fund said.

Marseille-based container shipping line CMA CGM, which began talks Read More »

China COSCO swings to black Q3 on shipping rebound

AJOT | October 27, 2010 | Liner Shipping

China COSCO Holdings, Asia's largest shipping firm, reversed year ago losses to post a quarterly profit, as global trade regained momentum and the firm lifted container shipping rates.

Container shipping has entered its low season in the four Read More »

Maersk Line awarded Navy contract for energy conservation project

AJOT | October 27, 2010 | Liner Shipping

Maersk Line, Limited (MLL) has been awarded a contract by the U.S. Naval Surface Warfare Center, Carderock Division (NSWCCD), to assess and apply Advanced Waste Heat Recovery (AWHR) technology to Military Sealift Command (MSC) ships. The contract involves Read More »

Maersk sees Africa trade outpacing mature markets

AJOT | October 27, 2010 | Liner Shipping

The world's biggest container shipping company, Maersk Line, expects volume on African routes to grow faster than shipping in mature markets, though underperform other emerging markets such as Brazil and China. Read More »

Braemar Shipping sees new tonnage curbing freight rates

AJOT | October 26, 2010 | Breakbulk & Projects

Braemar Shipping Services posted a 3 percent rise in first-half pretax profit and forecast similar results for the rest of the year, saying supply of new tonnage would soften freight rates and vessel values.

The British firm, which provides b Read More »

Silvasti in Finland delivers bridge project

AJOT | October 26, 2010 | Breakbulk & Projects

Silvasti Ltd, Member to the CEE in Finland, transported 5 massive steel structures from Kalajoki, FIN to Kasn's, FIN. These bridge blocks, biggest so far in Finland, were to be used for new 470 meters long bridge at L'v'. Silvasti's scope included loading Read More »