GE to invest over $2 blllion in China JVs

AJOT | November 09, 2010 | International Trade

General Electric Co will invest more than $2 billion in China through 2012 to expand its research and development and customer support capabilities, the company's chief executive said.

GE, the largest U.S. conglomerate, will spend $500 millio Read More »

APEC ponders free trade area as frictions loom

AJOT | November 09, 2010 | International Trade

Asia-Pacific economies, including China and the United States, are laying the groundwork for a vast free trade area, but frictions over currencies and geopolitical rivalries threatened to undermine regional harmony.

China and the United State Read More »

G20 pursues protectionism, poor states hurt

AJOT | November 09, 2010 | International Trade

G20 states are continuing to carry out protectionist policies in contrast to repeated pledges to keep markets open, and developing countries have been among the main victims, a study by independent economists said.

The report by Global Trade Read More »

US, India to help African food security

AJOT | November 09, 2010 | International Trade

President Barack Obama announced a U.S.-Indian partnership to promote food security in Africa, harnessing technology to battle starvation in a part of the world where China has boosted its presence.

"We are going to share Indian expertise wit Read More »

Zepol Corp. reports October containerized imports fall

AJOT | November 09, 2010 | International Trade

Zepol Corporation, the leading trade intelligence company, reports that import shipment volume for October, measured in TEUs, decreased 2.72% from September and increased 12.84% over October 2009. The total number of shipments also fell 2.72% from Septemb Read More »

EU ministers agree more air cargo security needed

AJOT | November 09, 2010 | Air Cargo

European Union member countries agreed to tighten aviation security measures after bombs were found in air cargo bound for the United States.

Home affairs ministers meeting in Brussels set up an expert group to prepare specific recommendation Read More »

US expands cargo security ban in wake of bomb plot

AJOT | November 09, 2010 | Air Cargo

The United States expanded its ban on cargo shipments from Somalia in the wake of the package bomb plot originating from Yemen, U.S. Homeland Security Secretary Janet Napolitano said. Read More »

DHL boss promises action over air security

AJOT | November 09, 2010 | Air Cargo

Express delivery company DHL promised better screening of customers and packages before they reach airports in response to recent parcel bombs sent from Yemen and Greece.

"What we need to do is improve surveillance at the pick-up point, have more aggr Read More »

Port Authority reaffirms commitment to Stewart International

AJOT | November 09, 2010 | Air Cargo

The Port Authority celebrated its third year since acquiring Stewart International Airport, and reaffirmed its commitment to expand the facility to meet the region's growing aviation needs.

As part of that commitment, a new Federal Inspection Services Read More »

Airlines fined 800 mlllion euros in EU air cargo cartel

AJOT | November 09, 2010 | Air Cargo

Air France-KLM , British Airways and nine other airlines were fined a total of 799 million euros ($1.11 billion) by EU antitrust regulators for fixing cargo prices. Read More »

The airfreight industry is celebrating its centenary

AJOT | November 09, 2010 | Air Cargo

The first ever air cargo flight took place in the USA on 7 November 1910, when a Wright Brothers Model B airplane flew ten bolts of silk around 100 kilometres from Dayton to Columbus, Ohio. Nine months later saw the birth of airfreight in Germany. On 19 A Read More »

TIACA, IATA, FIATA and GSF form industry advisory group
facilitated by TIACA

AJOT | November 09, 2010 | Air Cargo

Michael Steen, Vice Chairman of The International Air Cargo Association (TIACA) on behalf of the Chairman, Des Vertannes, Global Head of Cargo of the International Air Transport Association (IATA), Jean-Claude Delen, President of FIATA, the International Read More »

China COSCO sees shipping recovery by 2015

AJOT | November 09, 2010 | Liner Shipping

The global shipping market will recover in three to five years, led by the container industry, which has already started to return to profit, a top executive said.

The shipping industry was seen returning to pre-crisis levels with the help of Read More »

Hamburg S’d christens the Cap Jervis in Callao

AJOT | November 09, 2010 | Liner Shipping

As part of a customer event, Hamburg S'd christened the 'Cap Jervis' in Callao (Peru). She is the first container vessel ever to have been christened in Callao and has a slot capacity of 4,600 TEU. Sponsor of the 'Cap Jervis' was Adelgunde Christmann, wif Read More »

JAXPORT sets container volume record in 2010

AJOT | November 07, 2010 | Ports & Terminals

Total tonnage up 10 percent; 10th consecutive year of record revenues
The Jacksonville Port Authority (JAXPORT) moved a record number of containers in fiscal year 2010 -- the second consecutive year of container growth for the seaport -- and marked Read More »

ICTSI 9 month income up 97% to US$73 million

AJOT | November 07, 2010 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) reported consolidated unaudited financial results for the nine months ending September 30, 2010, posting revenue from port operations of US$380.6 million, an increase of 27 percent over the US$299.3 Read More »

Konecranes expands in Africa acquires company in Morocco

AJOT | November 07, 2010 | Ports & Terminals

Konecranes recently acquired 100 percent of the shares in port crane service

and modernization company Techniplus S.A.R.L. in Morocco. This is Konecranes' first acquisition in North Africa. Techniplus has 120 employees and net sales of EUR 7 mi Read More »

ICTSI names new head for Georgia unit

AJOT | November 07, 2010 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) announces the appointment of Jan Nowak as Chief Executive Officer and General Manager of the Batumi International Container Terminal LLC (BICT), manager, operator and developer in the Port of Batumi Read More »

Construction of Maasvlakte 2 running like clockwork

AJOT | November 07, 2010 | Ports & Terminals

Since work started on the construction of Maasvlakte 2 two years ago, 170 million m3 of sand has been brought in. That is more than would be needed to fill the Rotterdam - Fyenoord soccer stadium to the brim 100 times. At the height of the ‘sand operation Read More »

Dutch ports to reward clean ships

AJOT | November 07, 2010 | Ports & Terminals

As of 1 January 2011, the ports of Amsterdam, Moerdijk, Dordrecht and Rotterdam will be rewarding clean ocean-going vessels with discounts on their port dues. This involves vessels which score well on the Environmental Ship Index (ESI). This is a new inte Read More »