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 »

Port Commission considers $700,000 for wharf and rubber-tired gantry crane parts and repair

AJOT | October 26, 2010 | Ports & Terminals

The Port Commission of the Port of Houston Authority will consider $700,000 for wharf and rubber-tired gantry (RTG) crane parts and repair and $300,000 to increase Storage Area Network serving Bayport and Barbours Cut container terminals. Read More »

Mundra Port Q2 net up as cargo, container biz grow

AJOT | October 26, 2010 | Ports & Terminals

Mundra Port and Special Economic Zone reported a more-than-21 percent rise in July-Sept net profit as its cargo and container businesses grew, but shares fell as the firm handled lower-than-expected cargo volumes in the quarter.

The firm head Read More »

Brazil coffee exports slowed as port chokes up

AJOT | October 26, 2010 | Ports & Terminals

Coffee exports from world top grower Brazil are facing delays as the container terminals at the country's largest port clog up, exporters said, slowing deliveries to a market already jittery over tight supplies.

Brazil's coffee exporter assoc Read More »

DP World sees better H2 on strong container volumes

AJOT | October 26, 2010 | Ports & Terminals

Dubai government-controlled port operator DP World said the second half would be better than the first, boosted by strong container operations in the third quarter.

Container volumes in the third-quarter climbed 8 percent, on a consolidated b Read More »

China, Brazil eye coal rail, ports in Colombia

AJOT | October 26, 2010 | Ports & Terminals

Colombian President Juan Manuel Santos said that China and Brazil were eyeing investments in the Andean nation's coal infrastructure to gain more access to the material.

Colombia, the world's No. 5 coal exporter, has seen a five-fold increase Read More »

US proposes first fuel standards for trucks

AJOT | October 26, 2010 | Intermodal

The Obama administration proposed the first ever fuel efficiency and emissions standards for big tractor trailors and other commercial trucks that mainly run on diesel fuel.

The joint Transportation Department and Environmental Protection Age Read More »

Garner Transportation selects VeriWise(TM) Track & Trace to manage fleet of dry vans

AJOT | October 26, 2010 | Intermodal

Asset Intelligence, a leading provider of supply chain asset tracking solutions and a subsidiary of I.D. Systems, Inc. announced that its VeriWise(TM) Track & Trace system has been purchased by Garner Transportation Group, a leading truckload carrier in t Read More »