India and Pakistan push fragile ties with trade diplomacy

AJOT | September 27, 2011 | International Trade

The trade ministers of India and Pakistan meet in New Delhi to discuss measures to overhaul ragged commercial ties which should help bolster a fragile peace process between the nuclear armed neighbours.

Wednesday's meeting is part of this year's resum Read More »

China destabilizing world economy

AJOT | September 27, 2011 | International Trade

China is destabilizing the global economy with its currency policy, the European Union's trade chief said in comments published in a German newspaper.

European Trade Commissioner Karel De Gucht, who as the EU's trade negotiator is known to take a toug Read More »

China lures WTO to brink of procurement deal

AJOT | September 27, 2011 | International Trade

Forty-two countries are close to agreeing an upgrade of their Global Procurement Agreement (GPA), a reform that could unlock tens of billions of dollars of commercial opportunities, and many times more if China gets on board, trade sources said. Read More »

WTO cuts trade growth forecast, cites economic turmoil

AJOT | September 27, 2011 | International Trade

The World Trade Organization, citing turmoil in the global economy, cut its forecast for the growth of trade in 2011 from the 6.5 per cent it predicted in April to 5.8 per cent, and warned that the final figure could be lower.

The WTO said the move re Read More »

Coca-Cola ramps up Russian investment

AJOT | September 27, 2011 | International Trade

Coca-Cola plans to invest close to $3 billion in Russia over the next five years as part of its strategy to build its presence in big and fast-growing emerging markets, Chief Executive Muhtar Kent told Reuters Insider television.

"Our plan calls for u Read More »

Starbucks eyes growth in US Europe, Russia

AJOT | September 27, 2011 | International Trade

Starbucks Corp's chief executive expressed confidence in the future of the economies of the United States and Europe and said the group was planning to open at least 200 new stores in its home market next year. Read More »

China Cargo Airlines launches service to St. Louis and awards handling contract to ATS…

AJOT | September 27, 2011 | Air Cargo

Airport Terminal Services (ATS) in partnership with Worldwide Flight Services (WFS) has won the aircraft ground handling and cargo warehouse handling contract for China Cargo Airlines' historic launch of direct cargo services between Lambert ‐ St. L Read More »

Damco Airfreight set to scale greater heights

AJOT | September 27, 2011 | Air Cargo

Damco Airfreight recently added another milestone in its portfolio of managing complex air cargo shipments when it successfully handled the project cargo movement of a single piece compressor weighing 52 tons. The task was carried out for Jindal Steel & P Read More »

American Airlines appoints Grubb Manager of Cold Chain Strategy

AJOT | September 27, 2011 | Air Cargo

American Airlines Cargo division has announced the appointment of Tom Grubb as manager of cold chain strategy, leading the strategic oversight of American's time- and temperature-sensitive cargo services. A longtime veteran of American's Cargo division, G Read More »

Atlas Air cancels orders for 3 747-8F freighters

AJOT | September 27, 2011 | Air Cargo

Atlas Air Worldwide Holdings said it has terminated orders for three early-production Boeing 747-8 Freighter jets, citing lengthy delivery delays and "performance considerations." Read More »

Emirates upgrades US network with new services to Seattle and Dallas

AJOT | September 27, 2011 | Air Cargo

Emirates, one of the world's fastest growing airlines, unveiled major new expansion plans for the United States today, with the launch of daily services to Seattle and Dallas.

Dallas-Fort Worth and Seattle-Tacoma International Airports will both be se Read More »

Global Air Cargo Advisory Group (GACAG) 
confirms task force leaders and objectives


AJOT | September 27, 2011 | Air Cargo

The Global Air Cargo Advisory Group (GACAG) has completed the formation of four Task Forces to focus on security, e-commerce, customs and trade facilitation, and sustainability of the global air cargo industry.
 
Each Task Force will be respon Read More »

Airlines should brace for tough times, IATA says

AJOT | September 27, 2011 | Air Cargo

The International Air Transport Association (IATA) warned of tough times ahead for the airline industry and the head of Thai Airways said financial market turmoil as the European and U.S. economies slow down was "frightening".

IATA Director General an Read More »

DHL Global Forwarding acquires 100% ownership of LifeConEx from Lufthansa Cargo

AJOT | September 27, 2011 | Air Cargo

DHL Global Forwarding, the air and sea freight 
specialist within the Deutsche Post DHL Group, and Lufthansa Cargo have changed the 
ownership of their 50/50 joint venture LifeConEx. The end-to-end life sciences cold chain 
logistics pro Read More »

FedEx pares 2012 outlook

AJOT | September 27, 2011 | Air Cargo

FedEx Corp, the world's No. 2 package delivery company, cut its outlook for the full year, citing fuel prices and sluggish global economic growth.

The sour mood of consumers, marked by a reluctance to open their wallets, is the biggest drag on improve Read More »

Michaels Stores, Inc. names MOL ‘Transportation Partner of the Year’

AJOT | September 27, 2011 | Liner Shipping

Michaels Stores, Inc. has named Mitsui O.S.K. Lines (MOL) one of its top two transportation partners for 2011. The announcement took place at the Irving, Texas-based company's 14th Annual Vendor CEO Summit. Read More »

TSA leadership structure continues to evolve

AJOT | September 27, 2011 | Liner Shipping

With the recent expiry of Hanjin Shipping Co. Ltd. President and CEO Y.M. Kim's term as chairman, the Transpacific Stabilization Agreement (TSA) has taken a further step in the evolution of its leadership structure. The carrier research and discussion for Read More »

Grimaldi newbuild GRANDE SIERRA LEONE to reinforce ConRo fleet on Hamburg’West Africa…

AJOT | September 27, 2011 | Liner Shipping

Overnight from September 25th to 26th, the GRANDE SIERRA LEONE docked at the Unikai terminal at the Port of Hamburg for the first time. It is the first sailing of the newbuild in the West Africa service operated by Grimaldi Lines. Read More »

Tiger Group to bet big on containerships

AJOT | September 27, 2011 | Liner Shipping

Maritime investment firm Tiger Group could "very easily" buy as many as 50 large containerships in the next two years, betting that the box ship industry will see the most growth in traditional freight markets, the firm's managing director said.

The H Read More »

World Shipping Council adds new board members and keeps Widdows as Chairman

AJOT | September 27, 2011 | Liner Shipping

At its membership meeting in Seoul, the World Shipping Council (WSC) membership elected Mr. Wan Min, Managing Director of COSCO Container Lines and Dr. Ottmar Gast, Chairman of the Executive Board of Hamburg S'd to two year terms on its Board of Directors Read More »