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Boosting US economy best way to aid dollar

AJOT | June 22, 2008 | International Trade

White House hopeful Barack Obama said the weakness in the US dollar reflects the soft economy and large trade deficits, and the best way to strengthen the currency is to restore the economy's health. Read More »

Cape Verde seen ratifying WTO membership soon

AJOT | June 22, 2008 | International Trade

The African island nation of Cape Verde is expected to complete formalities this week for joining the World Trade Organization (WTO), before its June 30 deadline, a trade official said. Read More »

Singapore May exports in sharpest fall since Jan ‘06

AJOT | June 22, 2008 | International Trade

Singapore's non-oil exports unexpectedly fell 9.8% in May after seasonal adjustments, the sharpest fall since January 2006, adding to worries about global demand even if the picture around Asia is mixed. Read More »

New freighter flights at Athens

AJOT | June 22, 2008 | Air Cargo

Athens Airport recently welcomed new freighter flights including the A310 freighter service from Royal Jordanian. The weekly service carries a mix of inbound and transit cargo and returns with mainly heavy and outsized shipments. Last week's inbound freig Read More »

Hactl May tonnage throughput

AJOT | June 22, 2008 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its air cargo tonnage throughput for May 2008. A total of 218,696 tons were handled in the month, representing a 7.5% year-on-year growth. Cumulative tonnage from January to May 2008 was 1,058,889 t Read More »

Swiss WorldCargo strengthens Chinese network

AJOT | June 22, 2008 | Air Cargo

Recently SWISS has successfully launched a non-stop flight between Zurich and Shanghai; the new daily A-340 connection has increased Swiss WorldCargo's capacity to and from China by 36 tons per day. Read More »

Vessel Operator and Chief Engineer plead guilty to falsifying records

AJOT | June 22, 2008 | Liner Shipping

Reederei Karl Schlueter, the operator of GmbH & Co. KG (RKS), a ship management company, and Chief Engineer Nikola Ilijic, an officer on a ship operated by RKS, pleaded guilty today to a charge that they falsified the Oil Record Book pertaining to the com Read More »

CMA CGM Asia-Europe new FAL4 service

AJOT | June 22, 2008 | Liner Shipping

CMA CGM Group has the pleasure to announce the launching, on July 9th, 2008, of its latest service in the FAL network linking Asia and Europe : the FAL4 service. Read More »

New container vessel deployed between Europe, Middle East, India

AJOT | June 22, 2008 | Liner Shipping

The German containership newbuild CAP GABRIEL recently made its first visit to Hamburg when it docked at the HHLA Container Terminal Burchardkai (CTB). Read More »

Panama Canal forges agreement with the Port of New Orleans

AJOT | June 18, 2008 | Ports & Terminals

The renewed alliance between the Panama Canal Authority (ACP) and the Port of New Orleans - which has recently adopted a 2020 growth Master Plan of $1.04 billion, partially driven by the Canal's expansion - will help spur investment, increase trade and pr Read More »

Finland goes post-Panamax with Cargotec and Kalmar

AJOT | June 18, 2008 | Ports & Terminals

Finland’s newest container facility, Vuosaari Port in Helsinki, will soon be capable of handling post-Panamax ships carrying up to 18 containers abreast. At the beginning of June, the Finnish cargo handling specialist Cargotec delivered the first of four Read More »

Hankla named Long Beach Harbor Commission President-elect

AJOT | June 18, 2008 | Ports & Terminals

The Long Beach Board of Harbor Commissioners selected Commissioner James C. Hankla as the next board President, effective July 1, 2008. Hankla previously served a one-year term as president in 2006-2007. Read More »

JAXPORT names Poole acting CFO

AJOT | June 18, 2008 | Ports & Terminals

The Jacksonville Port Authority announced that Michael B. Poole has been named acting Chief Financial Officer (CFO), assuming overall responsibility for the agency’s finance department. Read More »

CII exec predicts slight int’l growth, none for domestic

AJOT | June 18, 2008 | Transport Intermediaries

With the US recession deepening, an airfreight executive is predicting slight growth for international cargo and no growth, perhaps even a decline in domestic freight, during the next year and a half. Read More »

Pennsylvania Transportation Partners says Turnpike proposal deserves open, transparent debate

AJOT | June 18, 2008 | Intermodal

Pennsylvania Transportation Partners (PTP) -- the preferred bidders seeking to lease the Pennsylvania Turnpike -- applauded legislators who stood up for good government by strongly blocking an effort by special interests to suppress public debate on Gov. Read More »

AAFA urges Congress to renew import ban against Burma

AJOT | June 18, 2008 | International Trade

Citing continued human rights abuses in Burma, American Apparel & Footwear Association (AAFA) President and CEO Kevin M. Burke called for swift Congressional action to renew an expiring import ban on that country. Read More »

World Economic Forum: Hong Kong leads world in enabling trade

AJOT | June 18, 2008 | International Trade

The inaugural issue of the Global Enabling Trade Report 2008 measures and analyzes factors enabling trade in 118 industrialized and emerging economies around the world. The report covers four areas: market access, border administration, transport and com Read More »

Double hull celebration for Safmarine

AJOT | June 18, 2008 | Liner Shipping

The double hull naming of the 2,500 teu container vessels, the Safmarine Nakuru and Safmarine Nuba, represents a first in the history of multi-trade shipping line Safmarine and brings to seven the total number of owned containerships named b Read More »

Horizon Lines/Logistics launch Green Initiative

AJOT | June 18, 2008 | Liner Shipping

Horizon Lines, Inc., the domestic ocean shipping and integrated logistics company, announced a wide-ranging corporate environmental initiative called Horizon Green. Environmental stewardship is a fundamental tenet at Horizon Lines, and the company has la Read More »

COSCO adds second weekly sailing to Prince Rupert

AJOT | June 18, 2008 | Liner Shipping

China Ocean Shipping (COSCO) is adding Prince Rupert to the shipping line's existing CEN service, doubling its weekly calls to the Fairview intermodal container terminal, beginning with the 5,400 TEU (20-foot equivalent units) COSCO Hong Kong on Saturday, Read More »

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