Top economies saw trade growth dwindle in Q2-OECD

AJOT | August 30, 2011 | International Trade

A sharp slowdown in merchandise trade growth hit major world economies in the second quarter of 2011, affecting both imports and exports, the Organization for Economic Cooperation and Development said.

The deceleration in import and export growth affe Read More »

Hamburg S’d: mobility at sea and on the Web

AJOT | August 30, 2011 | Liner Shipping

Since the beginning of August 2011 Hamburg S'd has offered its customers and others interested in its portfolio of products and services a mobile website for smartphones. Under the domain users can now also very easily access all the Read More »

Maersk Line says to resume service to Libya port

AJOT | August 30, 2011 | Liner Shipping

Maersk Line will resume its cargo service to Libya on Sept. 8 in its first shipment since February, a spokesman said.

Maersk Line, a unit of Danish shipping and oil group A.P. Moller-Maersk, said it would only call at the east Libyan port of Benghazi Read More »

GT Nexus Shipper Council takes action to support Maersk Line’s call for radical change in the…

AJOT | August 30, 2011 | Liner Shipping

The GT Nexus Shipper Council, a customer community of the world's biggest importers and exporters, has announced that is has engaged Maersk Line in response to the ocean carrier's recently announced 'Manifesto', which calls for changes in the way carriers Read More »

TSA publishes revenue index

AJOT | August 30, 2011 | Liner Shipping

The Transpacific Stabilization Agreement (TSA) has published a revenue index that tracks average revenue per FEU levels (base rate plus non-fuel ancillary charges, spot and contract rates, BCO and third-party shipments) for TSA member lines across the ent Read More »

Golden Ocean sees long-term bulk ship upswing

AJOT | August 29, 2011 | Breakbulk & Projects

Norwegian bulk shipper Golden Ocean posted core second-quarter earnings that beat forecasts and announced a share buy-back as it rides out a weak spot market, sending its shares up 6.5 percent.

"In dry bulk we do not share the view that shipping is in Read More »

Tanzania police seize poached elephant tusks

AJOT | August 29, 2011 | Ports & Terminals

Tanzanian authorities have seized more than 1,000 elephant tusks hidden in sacks of dried fish at Zanzibar port which were destined for Malaysia, officials said.

Like other countries across sub-Saharan Africa rich with wildlife, Tanzania has suffered Read More »

Sri Lanka’s new port gets $610 mlllion investment

AJOT | August 29, 2011 | Ports & Terminals

Sri Lanka's ports authority said it has approved $610 million investment in large warehousing projects for sugar, fertiliser, and bottle manufacturing at its new port in Hambantota, due to start commercial operations this year.

The $1.4 billion port o Read More »

Cerrejon to invest $300 mlllion on port, rail

AJOT | August 29, 2011 | Ports & Terminals

Colombia's largest coal exporter, Cerrejon, plans to spend $100 million on its railroad and $200 million on port improvements for its $1.3 billion expansion plan, the company said.

Cerrejon is owned by BHP Billiton, Anglo American and Xstrata and want Read More »

US Transportation Secretary LaHood names Maritime Industry Advisory Panel

AJOT | August 29, 2011 | Ports & Terminals

U.S. Secretary of Transportation Ray LaHood has announced the appointment of 29 members to the new Marine Transportation System National Advisory Council (MTSNAC), established to advise the Department on matters relating to marine transportation.
&# Read More »

India’s overseas drive to slow home port plans

AJOT | August 29, 2011 | Ports & Terminals

India's desire to spend billions of dollars on overseas infrastructure could undermine efforts to ease major domestic port congestion that has hindered trade in Asia's third largest economy.

New Delhi plans to create a state-owned firm, India Ports Gl Read More »

DP World H1 profit surges on Australia sale

AJOT | August 29, 2011 | Ports & Terminals

DP World's first-half profit grew four-fold as it booked a gain from the sale of its Australian operations last year, and the port operator said its emerging market focus would help it deliver on full-year goals.

The company, one of the more profitabl Read More »

Port of Santos sees more strong growth

AJOT | August 29, 2011 | Ports & Terminals

Brazil's dominance on world commodities markets over the centuries was built on the flow of ships through Santos, which is expected to triple movement of cargo over the next 15 years as it has over the past 20, the port authority said.

Latin America's Read More »

Arshiya Intl to spend 1.5 blllion rupees to hike rail capacity

AJOT | August 29, 2011 | Transport Intermediaries

Logistics firm Arshiya International expects to spend 1.5 billion rupees to double its rail capacity to 30 rakes by the end of fiscal year ending March 2012, Sajal Mittra, chief executive of its unit Arshiya Rail, said.

The rakes will be used primaril Read More »

IJS Global establishes head office at Schiphol

AJOT | August 29, 2011 | Transport Intermediaries

IJS Global, a major provider of global logistics services, has signed a lease with Schiphol Real Estate for approximately 2,000 m2 of office space and 5,400 m2 of business accommodation at Schiphol-South. The premises at Schiphol will be IJS Global's new Read More »

Transnet says proposed split needs debate

AJOT | August 29, 2011 | Intermodal

The head of South Africa's logistics group Transnet said that it was "inappropriate" to speak about a split of the freight rail unit from the group at this time and that the matter needed more debate before a decision is made.

Quoting proposals by the Read More »

Ukraine says to seek trade compromise with Russia

AJOT | August 29, 2011 | International Trade

Ukraine will seek a compromise trade deal with ex-Soviet overlord Russia, Ukrainian President Viktor Yanukovich said after Moscow told Kiev to either join its regional customs union or risk a trade war.

Russian President Dmitry Medvedev ruled out a sp Read More »

German electronics sector slows after record exports

AJOT | August 29, 2011 | International Trade

Germany's electronics industry growth is expected to slow down after exports grew by a record 11 percent in the first six months of the year thanks to strong demand in China and the United States.

"Speed and dynamics of growth will normalise in the se Read More »

US steel imports fall in July over June

AJOT | August 29, 2011 | International Trade

US steel imports declined in July compared to June by 4.5 percent according to preliminary government data. 'Imports from Canada and semifinished imports declined in July compared to June reflecting weakening conditions in July as prices softened in resp Read More »

Chicago groups sound alarm on Pacific trade pact

AJOT | August 29, 2011 | International Trade

An umbrella group of activists opposed to a proposed U.S. trade deal with eight countries in the Asia Pacific region said they aim to raise public awareness of its potential effects on jobs and the environment when negotiators meet next month in Chicago. Read More »