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JPMorgan, ACS close to Spanish ports deal

AJOT | February 21, 2010 | Ports & Terminals

Spanish group ACS is close to selling the Spanish port business of its subsidiary Dragados SPL to a JPMorgan infrastructure fund, though concerns about the port sector are hampering the deal, sources familiar with the matter said.

Ports are s Read More »

Aqaba receives two gantry cranes

AJOT | February 21, 2010 | Ports & Terminals

Strength of Jordanian Port sets stage to open Middle East markets further

Aqaba, Jordan – In line with the port master plan, Aqaba Container Terminal (ACT), the Kingdom’s main shipping hub for the Red Sea market has received two Ship-T Read More »

Port of Long Beach trade increases for 2nd consecutive month

AJOT | February 21, 2010 | Ports & Terminals

January imports up nearly 9 percent, exports up 28%

After closing 2009 with the first increases in monthly container cargo numbers in two years, the Port of Long Beach on Tuesday reported a continued uptrend in trade for January. Read More »

Yemen, DP World to expand Aden container port

AJOT | February 21, 2010 | Ports & Terminals

Yemen and Dubai's DP World plan a major expansion of Aden's container port, betting on growth in the poorest Arab country despite al Qaeda, instability and Somali pirates, officials said.

In 2008, Yemen formed a joint venture with the Dubai-b Read More »

Port Manatee to purchase second mobile harbor container crane

AJOT | February 21, 2010 | Ports & Terminals

The Manatee County Port Authority approved the purchase of Port Manatee’s second mobile harbor container crane at a meeting February 18th.

The addition of the second crane bolsters Port Manatee’s container-handling capacity and opens the door Read More »

Port Manatee seeks dredging bids to complete $200 million expansion

AJOT | February 21, 2010 | Ports & Terminals

The Manatee County Port Authority announced at its Feb. 18th meeting its intent to seek bids for a major dredging project at Port Manatee.

Dredging of the port’s new Berth 12 will provide a navigational depth of 41 feet at mean-low-water with Read More »

YRC Worldwide Introduces new green balance calculator

AJOT | February 21, 2010 | Intermodal

YRC Worldwide Inc. announced the launch of its new Green Balance Calculator. Developed in partnership with Sustainable Travel International (STI), the calculator is an optional tool customers can use to help offset emissions associated with their shipment Read More »

January spot freight market up 54% compared to a year ago

AJOT | February 21, 2010 | Intermodal

Freight availability in January rose by 54 percent on the North American spot market compared to January 2009 according to the TransCore North America Freight Index. This marked the fourth consecutive month of improvement on a year-over-year basis. The Tr Read More »

Pacer to focus on retail intermodal

AJOT | February 21, 2010 | Intermodal

Logistics company Pacer International expects its retail intermodal business to be the primary driver of growth as it transitions away from wholesale business, its finance chief said. Read More »

CN, employees generate over C$460,000 to assist relief efforts in Haiti

AJOT | February 21, 2010 | Intermodal

CN announced that its employee relief fund for Haiti has generated more than C$460,000 for the Red Cross to assist the agency's continued relief efforts in Haiti, following the devastating earthquake on Jan. 10, 2010. Read More »

Iraq-Turkey railway reopens after 7-year halt

AJOT | February 21, 2010 | Intermodal

A railway linking northern Iraq and Turkey has reopened after a seven-year stoppage following the U.S.-led invasion of Iraq, officials said.

Baghdad wants to boost economic and political relations with neighbouring countries and increase inve Read More »

AAR report: a healthy rail network critical to the nation’s recovery

AJOT | February 21, 2010 | Intermodal

Association of American Railroads President and CEO Edward R. Hamberger said that freight railroads are at a critical point in their history as the industry is facing new challenges from over-burdensome federal regulatory mandates that could seriously und Read More »

EU calls on US to correct antidumping measures

AJOT | February 21, 2010 | International Trade

The European Union called for the United States to drop a controversial method of tackling unfairly priced imports, triggering an arbitration process at the World Trade Organisation. Read More »

French traders sentenced for mislabelling wine

AJOT | February 21, 2010 | International Trade

A dozen wine producers and traders were found guilty of having supplied an American trader with mislabelled "pinot noir" wines and six were handed a suspended prison sentence.

In a rare case pitting some local French producers from the southw Read More »

US asks WTO to arbitrate EU sanctions claim

AJOT | February 21, 2010 | International Trade

U.S. trade officials have objected to the European Union's request to impose up to $311 million in annual sanctions on U.S. goods in a long-running dispute over a method for calculating anti-dumping duties, a U.S. trade official.

"On February Read More »

EU opens dumping probe into Chinese coated paper

AJOT | February 21, 2010 | International Trade

European Union trade inspectors have launched a probe into whether imports of coated fine paper from China are being dumped in the bloc's market, following a complaint from European industries.

European fine paper makers association CEPIFINE, Read More »

Sugar exporters criticise EU sales plan at WTO

AJOT | February 21, 2010 | International Trade

Australia, Brazil and Thailand -- the world's three biggest sugar exporters -- condemned the European Union's plans to sell an extra half a million tons of sugar. Read More »

Europe ready to back bluefin tuna trade ban

AJOT | February 21, 2010 | International Trade

Europe looks set to support an unprecedented ban on the international trade in bluefin tuna, a species driven towards extinction by insatiable demand from Japan, where a single fish can fetch $100,000. Read More »

Russian grain exports to rise in February

AJOT | February 21, 2010 | International Trade

Russian grain exports in February this year may reach 2 million tons, which is above both January 2010 and February 2009 volumes, provided all previously signed supply contracts are fulfilled.

But acute competition on the world grain, mainly Read More »

China poultry issue a longer haul than Russia spat

AJOT | February 21, 2010 | International Trade

The United States continues to work with Russia to find a fix for Moscow's ban on U.S. poultry, but officials are just beginning to sort out how to deal with a new chicken trade spat with China, a top Obama administration farm trade official. Read More »

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