DP World Q1 container volumes rise, sees better 2010

AJOT | April 26, 2010 | Ports & Terminals

Ports operator DP World , a unit of debt-laden conglomerate Dubai World, reported a rise in first-quarter container volumes and forecast improved earnings this year partly on cost cuts. Read More »

DP World’s Peru investment to reach $735 mlllion by 2012

AJOT | April 26, 2010 | Ports & Terminals

DP World will have invested 2.7 billion dirhams ($735.3 million) in developing a section of Callao, Peru's largest port, when completed in 2012, its chief executive said in remarks published. Read More »

Konecranes to supply its first container handling cranes to

AJOT | April 26, 2010 | Ports & Terminals

Turkey Konecranes received an order for six RTG (rubber-tired-gantry) container handling cranes from Turkish terminal operator TCE EGE Konteyner Terminal Isletmeleri, A.S. based in Aliaga, Izmir. The first RTG cranes will be delivered to TCE EGE in Aliaga Read More »

Port of Houston CEO Dreyer Says import and total Steel tonnages highest since

AJOT | April 26, 2010 | Ports & Terminals

The Port Commission of the Port of Houston Authority will consider awarding a two-year, $5.5million contract for unleaded gas and ultra-low sulfur diesel fuel for use at three terminals and using nearly $1.5 million from the National Clean Diesel Funding Read More »

Russia’s Baltic port of Ust Luga set to boom

AJOT | April 26, 2010 | Ports & Terminals

Russia's Baltic Sea port of Ust Luga expects to more than double exports this year on its way to becoming a major trade route for refined oil products, coal, grains and even cars, the port's director said.

Coal miner Kuzbassrazrezugol will ex Read More »

Two new Kalmar RTG cranes are working in DCT Gdansk terminal

AJOT | April 26, 2010 | Ports & Terminals

The dynamic increase of containers handled by DCT Gdansk terminal initiates the continuous investment in new equipment. DCT Gdansk has boosted its handling capabilities with the commissioning of two new Kalmar E-One2 rubber-tyred gantry cranes (RTGs), com Read More »

CN Rail earnings rise on higher volumes

AJOT | April 26, 2010 | Intermodal

Canadian National Railway posted a 21 percent jump in quarterly net income on improving freight volumes and sale of rail line near Toronto.

Canada's biggest railroad also increased its earnings estimate for the year because of the stronger ec Read More »

Kansas City Southern revenue jumps 26%

AJOT | April 26, 2010 | Intermodal

Kansas City Southern Railway Co reported better-than-expected first-quarter, saying higher volumes in most of its business lines drove double-digit gains in revenue and offered encouraging signs for the year ahead.

"A number of key economic i Read More »

Siemens transfers more shipments to rail

AJOT | April 26, 2010 | Intermodal

Under contract to Siemens, DB Schenker Rail has started to transport bogies manufactured in Graz from Passau to Hamburg. From there, they will continue by ship to China, where they are to be installed in high-speed passenger trains. Read More »

China helps revive Asia “decoupling” debate

AJOT | April 26, 2010 | International Trade

By boosting domestic purchasing power, the looming rise in the yuan will add fuel to one of the biggest global economic stories of the new decade: the rise of the Chinese consumer.

China's ravenous appetite for imports is already transforming Read More »

Deere eyes $500 mllion investment in Russia farm boom

AJOT | April 26, 2010 | International Trade

Deere & Co, the world's largest farm equipment maker, is on track to spend $500 million building new plants in Russia and offering credit lines and other services to farmers within the next six years.

Deere Chairman and Chief Executive Samuel Read More »

WTO threat will not yield yuan rise

AJOT | April 26, 2010 | International Trade

Threatening China with WTO sanctions will not convince Beijing to revalue its currency, the European Union trade chief said following a meeting with his Chinese. Read More »

Small yuan revaluation not enough

AJOT | April 26, 2010 | International Trade

China needs to raise the value of its currency by a "significant" amount or the United States will take action, a top U.S. lawmaker in the latest sign that tensions on the yuan remain high. Read More »

India cotton seen down on export ban

AJOT | April 26, 2010 | International Trade

India's cotton prices may fall sharply after India stopped exports of the commodity last week, analysts and traders said.

India has stopped cotton exports to control soaring local prices, tightening global supplies and raising prospects of a Read More »

Humanitarian group blasts draft EU-India trade deal

AJOT | April 26, 2010 | International Trade

Humanitarian group Medecins Sans Frontieres (MSF) criticized draft provisions of a free-trade deal between the European Union and India, saying it would boost prices of drugs for India's poor. Read More »

US says protecting IP rights a top trade priority

AJOT | April 26, 2010 | International Trade

U.S. officials welcomed a new study showing the importance of innovation to U.S. economic growth and promised vigorous action to curb the huge international trade in fake and pirated goods.

"Let's be clear: IP (intellectual property) theft in Read More »

Rajesh Exports to roll out 300 retail stores

AJOT | April 26, 2010 | International Trade

Rajesh Exports Ltd , one of India's top jewellery makers and exporters, plans to open 300 retail stores in India over the next three years, and has lined up a capex of 30-40 billion rupees, a top official said.

The firm currently has 25 retai Read More »

To speed WTO bid, Russia ditches customs union idea

AJOT | April 26, 2010 | International Trade

Russia will pursue a separate bid to join the World Trade Organization, dropping its insistence on joining as a customs union with Belarus and Kazakhstan, a top Russian official said. Read More »

EU asks China to delay high-tech certification rules

AJOT | April 26, 2010 | International Trade

The European Union has asked China to further delay in the implementation of a controversial certification program for high-tech information security products. Read More »

Perishables a problem area for screening mandate

AJOT | April 26, 2010 | Air Cargo

Inefficient technologies, potential bottlenecks are the issues
The Transportation Security Administration's mandate for screening 100 percent of air cargo loaded onto passenger aircraft is now three months off and represents a major challeng Read More »