Telvent to implement global maritime management platform for the Port of Barcelona

AJOT | April 28, 2011 | Ports & Terminals

Telvent, the leading real-time IT solutions and information provider for a sustainable world, announced today that it has been selected by the Barcelona Port Authority (BPA) to carry out the implementation of a global maritime management platform for the Read More »

Governor appoints Rusovich to Board of Commissioners of Port of New Orleans

AJOT | April 28, 2011 | Ports & Terminals

Governor Bobby Jindal has appointed Gregory R. Rusovich to the Board of Commissioners of the Port of New Orleans.

Rusovich will serve a five-year term, succeeding Capt. A.J. Gibbs, one of four Orleans Parish members on the regional Board, which govern Read More »

Grand Alliance inaugural arrives from Vietnam

AJOT | April 28, 2011 | Ports & Terminals

The “NYK Lodestar” recently docked at the HHLA Container-Terminal Altenwerder (CTA). Her cargo included containers shipped directly from Vietnam, to be unloaded in Hamburg. The “NYK Lodestar” was the first vessel of the Grand Alliance consortium of shippi Read More »

Myanmar, China agree cross-border rail project

AJOT | April 28, 2011 | Intermodal

Myanmar and China have agreed to build a rail link connecting Southwest China with the Indian Ocean, officials and local media said.

The railroad will be built in five stages over the next three years and will stretch for total of 1,215 kilometres (75 Read More »

Norfolk Southern profit jumps

AJOT | April 28, 2011 | Intermodal

Norfolk Southern Corp reported a quarterly profit that beat Wall Street estimates as shipments of goods from coal to autos picked up, even as higher fuel prices raised costs.

Fuel costs and truck capacity shortages have driven more traffic to railroad Read More »

TransForce to buy DHL Express Canada’s domestic business

AJOT | April 28, 2011 | Intermodal

TransForce Inc , a mid-tier Canadian trucker, said it will buy the assets of DHL Express Canada's domestic business, to boost its presence in package and courier services.

The deal is expected to add more than C$275 million to TransForce's annual reve Read More »

EU trade chief would support China credit challenge

AJOT | April 28, 2011 | International Trade

The European Commission would file a case against China at the World Trade Organization over export credits if these could be shown to be unfair state aid, the EU's trade chief said.

EU businesses and officials have complained that Chinese low-cost ex Read More »

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 »