Zepol reports November containerized imports fall

AJOT | December 12, 2010 | International Trade

Zepol Corporation, the leading trade intelligence company, reports that import shipment volume for November, measured in TEUs, decreased 0.92% from October and increased 14.23% over November 2009. The total number of shipments rose slightly at 0.20% from Read More »

PepsiCo eyes East European expansion in dairy

AJOT | December 12, 2010 | International Trade

PepsiCo , which last week struck a $3.8 billion deal to buy Russia's Wimm-Bill-Dann, plans to expand further on the East European dairy market, including via acquisitions, a senior executive said.

Ramon Laguarta, President of PepsiCo Eastern Europe, t Read More »

Obama pushes export reforms, eyes Russia in WTO

AJOT | December 12, 2010 | International Trade

U.S. President Barack Obama voiced strong support for Russian membership in the World Trade Organization as he laid out an overhaul of export controls to help U.S. high-tech firms increase foreign sales.

Obama aims to double U.S. exports within five y Read More »

South Korea and Malaysia eye free trade pact

AJOT | December 12, 2010 | International Trade

South Korea and Malaysia may enter a free trade pact as they look to double trade in five years, the two countries said.

"We managed to achieve a tremendous amount of bilateral trade, in the figure of $16 billion (this year), and in the next five year Read More »

US labor group to oppose Obama on South.Korea trade

AJOT | December 12, 2010 | International Trade

The largest U.S. labor organization said it will fight President Barack Obama on a free trade deal with South Korea, despite changes his administration made to the pact to broaden support.

The revised deal still fails to meet the AFL-CIO's requirement Read More »

Panasonic eyes growth in washing machine sales

AJOT | December 12, 2010 | International Trade

Panasonic Corp is aiming to grow 30 percent in washing machines sales in fiscal 2012 from 2009 standards by expanding its product line-up priced for middle-income households in emerging markets, the Nikkei said.

The company targets sales of 5.3 millio Read More »

Mitsubishi invests $535 mlllin to make new car in Thailand

AJOT | December 12, 2010 | International Trade

Mitsubishi Motors Corp said it would spend 16 billion baht ($535 million) to build its new "Global Small" car in Thailand, announcing a new factory with initial capacity of 150,000 cars a year.

The plant, the Japanese automaker's third in Thailand and Read More »

Israel relaxes Gaza grip, permitting exports

AJOT | December 12, 2010 | International Trade

Israel announced a further relaxation of its blockade of the Hamas-ruled Gaza Strip, saying exports of manufactured goods would now be permitted in a move that major powers welcomed as significant.

Prime Minister Benjamin Netanyahu's office said Israe Read More »

EU and India resolve dispute over generic drugs

AJOT | December 12, 2010 | International Trade

The European Union and India said they had resolved a dispute over generic drugs in which was referred to the World Trade Organisation last year. Indian Trade and Industry Minister Anand Sharma told Reuters the EU's trade chief, Karel De Gucht, had told I Read More »

Consumer sentiment, trade point to firmer US recovery

AJOT | December 12, 2010 | International Trade

U.S. economic data painted a picture of a firming recovery as consumer confidence rose to its highest level in six months and the country's trade deficit narrowed much more than expected.

Consumer sentiment in December rose to its highest level since Read More »

Record US soybean exports, up 20 mlllion, to 1.59 billion bushels

AJOT | December 12, 2010 | International Trade

U.S. soybean exports will surge to a record 1.59 billion bushels this marketing year, led by sales to China, the No 1 importer, the government forecast, the fourth consecutive month it has raised the export figure.

The Agriculture Department said reco Read More »

Canada trade deficit down, surplus with US shrinks

AJOT | December 12, 2010 | International Trade

The Canadian trade deficit was smaller than expected in October, with stronger international exports of industrial goods and materials helping to overcome a shrinking surplus with the United States, by far Canada's largest trading partner.

The deficit Read More »

Diageo in talks to buy Turkey’s Mey Icki

AJOT | December 12, 2010 | International Trade

Diageo is in preliminary talks to buy Turkish spirits company Mey Icki, people familiar with the matter said, as part of the push by the world's biggest drinks company into high-growth emerging markets.

Diageo has expressed interest and could pay up t Read More »

Panasonic cautious on US, Europe holiday sales

AJOT | December 12, 2010 | International Trade

Consumer electronics maker Panasonic Corp said it sees no strong recovery in year-end sales in North America and Europe, but expects to pull its loss-making TV unit into the black in the January-March quarter.

Panasonic's president, Fumio Ohtsubo, als Read More »

Lone Star overnight maintains pricing advantage

AJOT | December 12, 2010 | Air Cargo

Lone Star Overnight, a Texas-based regional overnight package delivery company, has announced that its 2011 published rates will continue to be significantly below those of national package carriers for its priority products. Read More »

Highest tonnage and growth at Frankfurt earns AirBridge Cargo Fraport Award

AJOT | December 12, 2010 | Air Cargo

Fraport Cargo Services (FCS) has presented AirBridgeCargo Airlines (ABC) with its 'Best Cargo Performer 2010' award after the airline increased its freight volume through Frankfurt Airport by nearly 50%.

It is the second year in a row that ABC has bee Read More »

Pagan to lead Sea Star Line’s Puerto Rico operations

AJOT | December 12, 2010 | Liner Shipping

Sea Star Line, LLC has announced that Eduardo L. Pagan has joined the company as VP and General Manager of Puerto Rico operations, and will report directly to company President, Steve Hastings.

Prior to joining Sea Star Line, Pagan led his own consult Read More »

Independent Container Line (ICL) is announcing a restructuring of their US sales team

AJOT | December 12, 2010 | Liner Shipping

Effective January 3rd, Scott Tawney will assume the position of Vice President of Sales ' Northern Region and will be responsible for the North East, Mid West and Mid East sales territories. Scott has been with ICL for over 20 years and has been a consis Read More »

CMA CGM includes Vietnam in Hamburg-Far East port rotation

AJOT | December 12, 2010 | Liner Shipping

On 2 December 2010, the container ship CMA CGM OTELLO called at the Port of Hamburg as part of the expanded 'French'Asia Line 3' scheduled liner service. The CMA CGM OTELLO is one of a fleet of ten container ships with a slot capacity of between 8,500 and Read More »

Kuehne to raise stake in Hapag-Lloyd

AJOT | December 12, 2010 | Liner Shipping

A group of German investors aims to retain its grip on Hapag-Lloyd after TUI AG floats its stake in the container shipping company next year, several people familiar with the matter said.

The move may include finding a new anchor investor for Hapag-Ll Read More »