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Asia learns painful lessons from euro zone crisis

AJOT | December 06, 2010 | International Trade

One more victim can be added to the casualty list from the fallout of the euro zone debt crisis: the cause of currency integration in Asia.

The idea that countries as different as Japan and Laos, or Singapore and Myanmar, might share the same money ha Read More »

China may pay roubles for timber, seafood

AJOT | December 06, 2010 | International Trade

China wants to pay in roubles for Russian timber, coking coal and seafood, as the two countries seek to boost bilateral trade in national currencies, Russian central bank official Viktor Melnikov said on Monday.

Russia's MICEX exchange will start trad Read More »

EU agrees to back Russia’s WTO entry

AJOT | December 06, 2010 | International Trade

The European Union formally backed Russia's bid to join the World Trade Organization, clearing the way for Moscow to join the body in 2011, after 17 years of trying.

EU Trade Commissioner Karel De Gucht and Russian Economic Development Minister Elvira Read More »

Laos says railway to China finished by 2014

AJOT | December 06, 2010 | International Trade

The poor and landlocked Southeast Asian nation of Laos expects its rail link with China to be finished by 2014, boosting trade links with its giant neighbour and the rest of Asia, its deputy prime minister said.

The railway is part of a broader plan t Read More »

LG Display, Chi Mei, others face EU fines

AJOT | December 06, 2010 | International Trade

EU regulators are set to fine LG Display , Chi Mei Optoelectronics Corp and three other firms up to 700 million euros ($928 million) in total for fixing prices of display panels used in consumer devices, a source close to the case said.

The European C Read More »

Emirates heads to Geneva

AJOT | December 06, 2010 | Air Cargo

Emirates will be increasing its commitment to Switzerland on June 1, 2011 with the launch of non-stop, daily flights between Dubai and Geneva. This will be the carrier's 111th destination and its 26th destination in Europe.

Switzerland has been part o Read More »

FedEx raising ground shipping rates by net 4.9%

AJOT | December 06, 2010 | Air Cargo

FedEx Corp , the world's largest cargo airline, said it would raise average ground shipping rates by an average 4.9 percent, effective Jan. 3. Read More »

Libyan Airlines and Afriqiyah Airways improve safety performance

AJOT | December 06, 2010 | Air Cargo

The Libyan African Aviation Holding Company (LAAHCo) and Lufthansa Consulting have signed an agreement focused on the safety standards of Libyan Airlines and Afriqiyah Airways. Both carriers as well as associated catering, ground handling and aircraft mai Read More »

Lufthansa Cargo commences first flights to Manaus

AJOT | December 06, 2010 | Air Cargo

Lufthansa Cargo is expanding its route network in South America this coming New Year. Pending regulatory approval, the cargo airline will begin serving the Brazilian metropolis of Manaus for the first time, on January 21, 2011. Read More »

Qantas increases Tasman freighter capacity

AJOT | December 06, 2010 | Air Cargo

Qantas Freight announced it'll increase its Tasman freighter capacity by 40 per cent from February 2011, with the deployment of a Boeing 767-300F aircraft on the route.

The leased B767-300F will also be the first Qantas Group aircraft to display a Qa Read More »

CMA CGM Christophe Colomb to call at Le Havre

AJOT | December 06, 2010 | Liner Shipping

A symbol of the recovery in international trade, the CMA CGM Group's flagship and the world's largest French-flagged containership is today the 100th vessel of more than 10,000 teus to call at Le Havre.

First in a series of eight vessels named after g Read More »

NOL carries 6% more cargo in 4 weeks

AJOT | December 06, 2010 | Liner Shipping

Neptune Orient Lines (NOL), the world's sixth-largest container shipping firm, carried six percent more containers in the four weeks to Nov. 12 compared with a year ago. Read More »

CargoSmart delivers the first sailing schedules IPhone app

AJOT | December 06, 2010 | Liner Shipping

CargoSmart Limited, a leading Software as a Service (SaaS) global shipping and logistics solutions provider, announced the first sailing schedules iPhone application for shippers, logistics service providers, and ocean carriers. CargoSmart's sailing sched Read More »

TUI AG picks banks for possible Hapag-Lloyd IPO

AJOT | December 06, 2010 | Liner Shipping

TUI AG and Hapag-Lloyd shareholder Albert Ballin have picked three investment banks to prepare a possible flotation of a stake in the container shipping company in 2011.

They said they plan to mandate Credit Suisse , Goldman Sachs and Greenhill to sta Read More »

Premium Article  “Guangxi Beibu Gulf Ports Support Trade Growth”

Robert Wallack | December 05, 2010 | Ports & Terminals

Nanning, the capital city of Guangxi Zhuang Autonomous Region in the southwest of China, was the host of their annual Pan Beibu Gulf Economic Forum in August and the ASEAN Business Expo and Investment Summit in October. Guangxi is a magnet for regional Read More »

Premium Article  US-India Trade Relations 2010: Bangalore to Buffalo… and back

George Lauriat | December 05, 2010 | International Trade

"For in Asia and around the world, India is not simply emerging; India has already emerged." President Obama, November 8th in India.
In May of 2009, President Barack Obama was critical when talking about reforming the tax code that allowed m Read More »

Premium Article  ASEAN-US Trade 2010:

George Lauriat | December 05, 2010 | International Trade

“In ASEM [Asia Europe Meeting] in Brussels…and at the 2nd US – ASEAN Summit [New York], one same message came out, and that is, the US and Europe would like to get out of their own crisis. They have to be able to sell their products and their services, Read More »

Rickmers Group adds a tenth MPC to its fleet

AJOT | December 05, 2010 | Breakbulk & Projects

The Rickmers Group has taken delivery of Rickmers Masan, its tenth MPC (multi-purpose carrier). Built at the Jingling yard in China, the new vessel is the first in a series of four Superflex Heavy MPC vessels that are being long-term chartered to Hyundai Read More »

MOL, Vale sign long-term transport contract for 2 VLOCs

AJOT | December 05, 2010 | Breakbulk & Projects

Mitsui O.S.K. Lines Ltd. announced the signing of a long-term transport contract with Vale International SA, a subsidiary of Vale S.A. for two very large ore carriers (VLOCs) on November 18. Two 300,000 DWT-class newbuilding vessels, which will be constru Read More »

Thoresen Thai Q4 profit hit by low freight rates

AJOT | December 05, 2010 | Breakbulk & Projects

Thoresen Thai Agencies , Thailand's leading dry bulk shipper, reported a 52 percent fall in net profit in the July-September quarter on Monday, hit by foreign exchange losses and falling freight rates.

The company said it made a net profit of Read More »

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