USTR: worker retraining critical for trade deals

AJOT | April 28, 2011 | International Trade

The U.S. Congress needs to renew a retraining program for American workers who have lost their job due to foreign competition to ensure enough support to approve pending free trade agreements with Colombia, Panama and South Korea, the top U.S. trade offic Read More »

More to explore for world trade deal, EU says

AJOT | April 28, 2011 | International Trade

The European Union presented world trade negotiators with a last-minute plan to rescue stalled free trade talks on Friday, saying there were still avenues of negotiation to explore after 10 years of trying.

In a presentation to a key meeting of World Read More »

US panel oks steep duties on Chinese aluminum goods

AJOT | April 28, 2011 | International Trade

A U.S. trade panel gave final approval to duties ranging up to more than 400 percent on around $500 million of aluminum products from China used in the car and construction industry.

The move is the latest sign of trade friction between the world's tw Read More »

GE sees SE Asia sales rising, to invest $1 blllion

AJOT | April 28, 2011 | International Trade

General Electric Co , the largest U.S. conglomerate, sees revenues from Southeast Asia rising as much as 30 percent this year and expects investment in the region of at least $1 billion in the next three years.

GE, the world's largest maker of jet eng Read More »

Obama says pleased with progress on Panama trade pact

AJOT | April 28, 2011 | International Trade

President Barack Obama said he expects Congress to pass a U.S.-Panamanian free trade deal that he plans to send to U.S. lawmakers as part of a wider package on trade, but gave no details on timing.

"My expectation is that as part of a broader trade pa Read More »

US senator revives threat of action on China yuan

AJOT | April 28, 2011 | International Trade

A top U.S. senator said he was "more convinced than ever" of the need to pass legislation to force China to raise the value of its currency against U.S. dollar.

"Despite its rampant inflation problem, China's government does not seem prepared to let t Read More »

Mercosur trade deal to cost EU farmers billions

AJOT | April 28, 2011 | International Trade

European farmers could lose more than 3 billion euros in annual revenue by 2020 under any free trade deal between the European Union and Latin America's Mercosur region, a study for the EU's executive showed.

The deepest loses would be felt by beef pr Read More »

TIACA warns of ‘significant disruption’ if US enforces deadline for 100% cargo screening

AJOT | April 28, 2011 | Air Cargo

The air cargo industry, manufacturers, exporters, importers and consumers will face the prospect of significant global supply chain disruption if the US Transportation Security Administration (TSA) enforces a proposed deadline of December 31st 2011 for 10 Read More »

Aerial porters make history, unload cargo for all of Iraq

AJOT | April 28, 2011 | Air Cargo

When a runway closed in Turkey, officials scrambled to find another way to get supplies to U.S. Forces in Iraq.

The answer was quite simple; the Federal Aviation Administration approved flight line at Al Asad Air Base, Iraq, which is the Read More »

Court reduces Horizon Lines’ fine to $15 million

AJOT | April 28, 2011 | Liner Shipping

Horizon Lines, Inc. announced that a federal court has granted a request by the U.S. Department of Justice to reduce the company's fine related to federal antitrust violations in the Puerto Rico tradelane from $45 million to $15 million. 

 Read More »

China COSCO posts Q1 loss on slumping shipping rates

AJOT | April 28, 2011 | Liner Shipping

China COSCO Holdings Co Ltd, flagship of the country's No.1 shipping conglomerate, posted a net loss of 503.3 million yuan ($77.3 million) in the first quarter as shipping rates slumped amid a supply glut.

China COSCO , which operates the world's larg Read More »

Horizon Lines reports first quarter financial results

AJOT | April 28, 2011 | Liner Shipping

Horizon Lines, Inc. reported financial results for the fiscal first quarter ended March 27, 2011.

As a result of previously announced plans to discontinue the logistics business, financial results are being presented on a continuing operations basis, Read More »

FreeSeas enters into agreement to sell the M/V Free Envoy

AJOT | April 27, 2011 | Breakbulk & Projects

FreeSeas Inc. a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that the Company has entered into an agreement to sell the M/V Free Envoy, a 1984-built, 26,318 dwt Handysize Read More »

Port of Stockton and Port of West Sacramento issue RFP for terminal operations & facilities manager

AJOT | April 27, 2011 | Ports & Terminals

The Port of Stockton and the Port of West Sacramento will be making available their Requests for Proposal (RFP) for a terminal operations and facilities manager for its M580/I80 Marine Highway Corridor Project.

The ports are seeking an experienced, pr Read More »

Total throughput stable – containers bullish in Rotterdam

AJOT | April 27, 2011 | Ports & Terminals

For the first quarter, throughput in the port of Rotterdam was at more or less exactly the same level as the same period last year: 107 million tonnes. In comparison with last year’s strong and broad growth, the picture is now more differentiated. Agribul Read More »

Port of Long Beach welcomes Grand China Shipping

AJOT | April 27, 2011 | Ports & Terminals

Grand China Shipping, one of the fastest growing ocean carriers in China, made its inaugural call to the Port of Long Beach recently at Total Terminals International’s Pier T shipping facility.

The maiden call of the vessel Red Strength kicked off a w Read More »

APM Terminals eyeing Russia’s Kaliningrad port potential

AJOT | April 27, 2011 | Ports & Terminals

APM Terminals is exploring the potential for building a Baltic Sea port facility in Russia's Kaliningrad area, the company said.

Press material distributed by Russian officials in Moscow said that Maersk's APM Terminals unit was considering investing Read More »

Konecranes receives its first container handling crane order from South Africa

AJOT | April 27, 2011 | Ports & Terminals

In March 2011 Konecranes received its first container handling crane order from South Africa. Transnet Capital Projects, a specialist unit of South African rail, port and pipeline company Transnet Limited, ordered three RMG (rail mounted gantry) cranes to Read More »

Maritime Administrator Matsuda signs $241 million federal guarantee for Panama City Shipyard

AJOT | April 27, 2011 | Ports & Terminals

US Maritime Administrator David Matsuda announced a $241 million loan guarantee that will allow the Eastern Shipbuilding Group of Panama City, FL, to build five platform supply vessels (PSVs) for export to Brazil, to provide service in new deepwater oil f Read More »

Port Commission of the Port of Houston approves $20 million for security contracts

AJOT | April 27, 2011 | Ports & Terminals

The Port Commission of the Port of Houston Authority awarded $20 million for security-related contracts, including installation of fiber optic cable, TWIC implementation and security gate services, among several matters approved during the April 26 meetin Read More »