South Korea likely to lift Canada beef import ban soon

AJOT | April 14, 2011 | International Trade

South Korea is likely to lift an eight-year ban on Canadian beef imports by end June and plans sweeping changes in its grain growing and import policies in the face of rising global food prices, the country's farm minister said. Read More »

South Korea sees Q2 exports matching Q1’s record level

AJOT | April 14, 2011 | International Trade

South Korean exports are set to stay at record levels in terms of value in the current quarter, helped by strong sales of steel, handsets and cars, the economy ministry said.

Exports shot up 30.4 percent to a record $131.8 billion in the first quarter Read More »

Britain to ban export to US. of execution drugs

AJOT | April 14, 2011 | International Trade

Britain said it would ban the export to the United States of three drugs used to carry out lethal injections and called on other European Union countries to follow suit.

The British government said it was putting additional export controls on the expo Read More »

US to ‘protect interests’ in WTO Boeing ruling

AJOT | April 14, 2011 | International Trade

The U.S. Trade Representative left little doubt that the Obama administration would appeal a World Trade Organization ruling that Boeing received illegal government subsidies.

Ron Kirk promised to "protect our interests" when asked on the sidelines of Read More »

Panama OKs tax accord to encourage US trade pact

AJOT | April 14, 2011 | International Trade

Panamanian lawmakers approved a tax information exchange agreement with the United States that could help win U.S. approval for a long-stalled bilateral trade agreement.

The green light for the tax accord comes just as the White House gears up to ask Read More »

Steel exports decline in February but remain higher than 2010

AJOT | April 14, 2011 | International Trade

Exports declined by 10.2 percent in February compared to January based on government reporting. 'Both the short month and difficult weather conditions could be the primary explanation for at least some of the decline, as market conditions remain stable i Read More »

US exports to Russia to rise on WTO entry

AJOT | April 14, 2011 | International Trade

U.S. goods exports to Russia could double to $19 billion after Russia joins the World Trade Organization, according to a report urging the U.S. Congress to permanently normalize trade with the former Cold War enemy.

But U.S. exporters could lose sales Read More »

EU approves new trade incentives for North Africa

AJOT | April 14, 2011 | International Trade

Exporters in North Africa, the Middle East and the Balkans will be able to sell goods to the European Union at lower tariffs more easily in future, under an agreement endorsed by the 27-nation bloc. Read More »

EU’s plan B for trade looks beyond WTO

AJOT | April 14, 2011 | International Trade

Doubts over trading nations' ability to seal a deal this year to boost global trade have spurred a European search for an alternative plan, emphasising bilateral deals and pacts with groups of like-minded countries.

But as the world's greatest exporte Read More »

Ukraine eyes free trade deals with Canada, Israel, Singapore

AJOT | April 14, 2011 | International Trade

Ukraine is finalising free trade agreements with Canada, Israel and Singapore alongside negotiations for a similar pact with the European Union, Prime Minister Mykola Azarov said. Read More »

First TIACA course success in East Africa with support of senior freight forwarders

AJOT | April 14, 2011 | Air Cargo

Twenty-four senior freight forwarding executives in East Africa added their support to the roll-out of The International Air Cargo Association's (TIACA) new training program in the region in partnership with the Federation of East African Freight Forwarde Read More »

Volga-Dnepr operates free flight to Japan with mobile medical vehicle

AJOT | April 14, 2011 | Air Cargo

Volga-Dnepr Airlines has transported a special mobile medical vehicle from Miami (USA) to Sendai (Japan) to help survivors of the country's devastating earthquake and tsunami. Volga-Dnepr operated the flight free of charge as a gesture of support to the J Read More »

Bigger vessels from shipping majors to spark consolidation

AJOT | April 14, 2011 | Liner Shipping

The global container market is poised to consolidate in the next few years as A.P. Moller Maersk and other major shippers roll out bigger vessels, potentially forcing smaller rivals to drop out of an already oversupplied market.

Medium-sized container Read More »

WTSA publishes suggested service contracting checklist

AJOT | April 14, 2011 | Liner Shipping

Member container lines in the Westbound Transpacific Stabilization Agreement (WTSA) have published a checklist of recommended issues to be considered in service contract negotiations. The intent is to increase efficiency and clarity in the contracting pro Read More »

Diana Containerships announces the acquisition of three Panamax container vessels

AJOT | April 14, 2011 | Liner Shipping

Diana Containerships Inc., a global shipping company specializing in the transportation of containers, announced that it has signed three Memoranda of Agreement (one with Maersk Line UK Ltd., and two with A.P. Moller Singapore Pte. Ltd.) for the purchase Read More »

CII seeks 2011 Connie Award nominations

AJOT | April 14, 2011 | Liner Shipping

With a successful first ever Connie Award event in Chicago in early April, Containerization & Intermodal Institute (CII) is seeking nominations for the prestigious annual Connie Awards in California and New Jersey.

Named for the container, the Connie Read More »

LDA to grow dry bulk fleet as ships stay cheap

AJOT | April 12, 2011 | Breakbulk & Projects

French shipping group Louis Dreyfus Armateurs (LDA) said it could acquire more vessels on top of a recent order with a Chinese builder as it seeks to profit from attractive prices.

LDA is pursuing a "counter-cyclical" strategy to expand its fleet duri Read More »

Kawasaki Kisen plans to boost drybulk fleet in 3 years

AJOT | April 12, 2011 | Breakbulk & Projects

Japan's third largest shipping company Kawasaki Kisen Kaisha plans to increase its drybulk fleet to 300 vessels in the next three years from 214 currently to tap into the growing demand of raw materials from China, Japan and India.

Chief Executive Ke Read More »

Somali pirates release Thai ship after ransom

AJOT | April 12, 2011 | Breakbulk & Projects

Somali pirates say they have received a multi-million dollar ransom and released the Thor Nexus, a Thai-owned bulk carrier they seized on Dec. 25.

The 20,377-dead weight bulk carrier was hijacked 350 miles off Oman with crew of 27 Thais on its way to Read More »

Kia production expanding with US arrival of major equipment

AJOT | April 12, 2011 | Ports & Terminals

The first major machinery for Kia Motors’ West Point manufacturing plant expansion arrived in the United States recently when the ship M/V Chongming Voyage 90 coasted into the Port of Savannah carrying state of the art automobile-making equipment. The shi Read More »