Fresh Del Monte Q4 skids on lower banana prices

AJOT | March 01, 2011 | International Trade

Lower banana prices and bad weather at Fresh Del Monte Produce Inc's pineapple farms pushed the fruit and vegetable producer's quarterly results below market expectations, sending its shares down 7 percent in pre-market trading.

The company, whose pro Read More »

Emerging markets drive up profits at UK industrials

AJOT | March 01, 2011 | International Trade

Demand for steel and chemicals in resource-hungry emerging markets and a weaker pound helped boost a string of British manufacturing companies, results showed, more than offsetting a tepid domestic market.

Rotork and Cookson Group both cited strong ov Read More »

Global PMI shows factories expanding, prices rising

AJOT | March 01, 2011 | International Trade

Global manufacturing activity expanded at its fastest pace since May 2004 in February and prices rose at their sharpest rate in two-and-a-half years, a survey showed.

The Global Manufacturing PMI, compiled by JP Morgan with research and supply organis Read More »

Lufthansa Cargo confers environmental prize on researchers, customers and staff

AJOT | March 01, 2011 | Air Cargo

Lufthansa Cargo has for the second time conferred its Cargo Climate Care Award at its environmental conference in Frankfurt. The award, worth a total 16,000 euros, went to young researchers, customers and staff for innovative ideas aimed at making airfrei Read More »

Cargoitalia’s Italian ENS first

AJOT | March 01, 2011 | Air Cargo

Cargoitalia is the first airline in Italy to submit the new electronic Entry Summary Declaration (ENS) message - part of the new EU Customs ICS (Import Control System) regime being progressively introduced throughout all EU member states.

The Italian Read More »

Lufthansa Cargo serving new destinations in summer timetable

AJOT | March 01, 2011 | Air Cargo

Lufthansa Cargo is significantly expanding its network in the summer flight schedule. Pending regulatory approval, the cargo carrier in the Lufthansa Group is to operate MD-11 freighter services to the three new destinations of Shenzhen, Kolkata (Calcutta Read More »

Reid assumes ANS post

AJOT | March 01, 2011 | Air Cargo

Sabrina Reid, well-known air cargo figure in the Northwest Pacific market, has taken over direction of sales for Airline Network Services in Portland, Oregon. Read More »

Saudi Airlines Cargo is launch customer for OAG Cargo’s route mapper product

AJOT | March 01, 2011 | Air Cargo

Saudi Airlines Cargo has signed a contract to become the launch customer for OAG Cargo's new Route Mapper product.

The application will help the airline's cargo customers perform a series of essential daily business tasks, such as: Read More »

IATA sees global airline profit halving in 2011

AJOT | March 01, 2011 | Air Cargo

Global airline net profits will halve this year as rising costs, especially oil prices, offset increasing demand, the industry body IATA said.

The result would be a net profit margin this year of only 1.4 percent -- dismissed by IATA Director-General Read More »

Shipco enhances LCL service offering from Australia to the US

AJOT | March 01, 2011 | Liner Shipping

Shipco Transport, one of the world's leading neutral consolidators, has launched a fortnightly direct less-than-container-load service between Adelaide, Australia and Los Angeles, California. The new offering provides a competitive and economical option f Read More »

APL’s 2010 on-time record in Trans-Pacific ’ 95%

AJOT | March 01, 2011 | Liner Shipping

Container shipping leader APL's on-time performance in the all-important Trans-Pacific Trade was 95% last year. In its final report on 2010 vessel reliability, the Singapore-based carrier said today that APL ships missed their arrival window just 12 tim Read More »

Container rates may begin to rally in April on box shortages

AJOT | March 01, 2011 | Liner Shipping

The cost to ship goods on container ships could begin to spike as early as April due to an expected shortage of boxes and limited inland transportation capacity, a senior industry executive said.

Soaring oil prices above $110 a barrel have forced vess Read More »

Sea Star Line’s Colman elected to American Bureau of Shipping

AJOT | March 01, 2011 | Liner Shipping

Jim Colman, Assistant Vice President of vessel operations for Jacksonville, Fla.-based Sea Star Line, LLC, has been elected to a five-year term of membership to the American Bureau of Shipping (ABS).

Founded in 1862, ABS serves the marine, offshore an Read More »

Maersk Line introduces new Trans-Pacific coverage to answer customer need

AJOT | March 01, 2011 | Liner Shipping

Maersk Line announced deployment of an enhanced Trans-Pacific service network at the end of May 2011. The design of the network is geared to deliver comprehensive coverage of key markets in Asia and North America and continue to improve upon our industry Read More »

Rate increase for service between US and Australia/ NZ

AJOT | March 01, 2011 | Liner Shipping

Carriers providing service from the United States to Australia and New Zealand wish to advise their customers that they have adopted a guideline calling for a General Rate Increase of $100.00 US per 20ft container and $200.00 US per 40ft container to appl Read More »

CMA CGM strengthens its services from Asia to the West Coast of the US

AJOT | March 01, 2011 | Liner Shipping

CMA CGM Group announced the upgrading of its services between Asia and California, to meet the growing demand on the transpacific trade expected in 2011 and in the years to come.

As of May 2011, the consolidation of its partnerships will enable CMA CG Read More »

Chiquita expands investment in Carrier’s PrimeLINE’ refrigeration unit

AJOT | March 01, 2011 | Liner Shipping

Chiquita Brands increased its investment in Carrier Transicold PrimeLINE' container refrigeration units nearly fivefold in 2010, based on the solid performance track record and energy-savings of the PrimeLINE units, demonstrated through research. Carrier Read More »

SCHEUERLE delivers 2 industrial lift transporters to CSBC in Taiwan

AJOT | February 27, 2011 | Breakbulk & Projects

For the Taiwanese ship builder, CSBC China Shipbuilding Corporation, the well-known vehicle manufacturer and Supporting Industry Manufacturer to the Cargo Equipment Expert CEE network, SCHEUERLE, has built and delivered 2 additional industry transporters Read More »

Hutchison ports unit set for $5.8 blllion IPO

AJOT | February 27, 2011 | Ports & Terminals

Hong Kong tycoon Li Ka-shing's ports unit is looking to raise as much as $5.8 billion in its Singapore IPO, seeking to cash in on a recovery in global trade and provide investors with access to China's booming infrastructure business.

The listing, Sou Read More »

Charleston delivers new port terminal for vehicles and other non-container cargo

AJOT | February 27, 2011 | Ports & Terminals

Thanks to a six-month, $22-million improvement project, the Port of Charleston has expanded to handle BMW’s growing export business, along with other rolling stock, large machinery, power-generating equipment and additional non-container cargoes. Read More »