WTO gives mixed verdict on Airbus appeal

AJOT | May 19, 2011 | International Trade

Trade judges partially overturned a ruling that had accused EU states of giving Airbus illegal subsidies, but said the aircraft maker did receive billions of dollars of unfair aid that harmed Boeing.

Upholding a European appeal, World Trade Organisati Read More »

China piracy cost US firms $48 blllion in 2009

AJOT | May 19, 2011 | International Trade

Chinese piracy and counterfeiting of U.S. software and a wide range of other intellectual property cost American businesses an estimated $48 billion in 2009, the U.S. International Trade Commission said in a report released.

It also concluded 2.1 mill Read More »

Cargill to ship Ivorian cocoa stocks end of June

AJOT | May 19, 2011 | International Trade

Cargill hopes by the end of June to ship cocoa that has been stuck in its warehouses during Ivory Coast's political crisis, the U.S. agribusiness company said.

"We want to empty our warehouses as soon as possible because that will allow us to fully re Read More »

Air France-KLM bounces back to full-year profit

AJOT | May 19, 2011 | Air Cargo

An air travel recovery and cost cutting at Europe's largest airline by revenue lifted Air France-KLM back to a full-year operating profit, with its bottom line also boosted by a unit's share flotation.

The Franco-Dutch group posted a 2010/11 operating Read More »

UPS sees muted US recovery; driver is global trade

AJOT | May 19, 2011 | Air Cargo

The U.S. economy is growing in fits and starts, and the real driver for U.S. companies is global trade, United Parcel Service Chief Financial Officer Kurt Kuehn said.

"We continue to see a muted recovery in the U.S.," Kuehn told analysts on Thursday a Read More »

Lufthansa Consulting develops infrastructure at Moscow’s important airport

AJOT | May 19, 2011 | Air Cargo

Lufthansa Consulting has signed an agreement with the Russian design works firm IngStroyExpert, member of the large construction company group Eurostroi,
for the planning of a state-of-the-art cargo terminal at the Russian capital's airport Sheremet Read More »

Cargoitalia boosts efficiency with iCargo

AJOT | May 19, 2011 | Air Cargo

Cargoitalia has selected iCargo as its new IT framework, replacing the legacy system inherited from the original Cargoitalia operation which it purchased in 2009.

iCargo will go live in July, running all aspects of the Cargoitalia operation from quote Read More »

WFS wins new handling contract in Barcelona and Amsterdam

AJOT | May 19, 2011 | Air Cargo

Worldwide Flight Services (WFS) has been awarded new terminal handling and cargo handling contracts in Barcelona and Amsterdam by Concorde Aviation and Surinam Airways respectively.

In Spain, WFS will provide terminal handling for two airlines represe Read More »

Aloha Air Cargo promotes Hobayan to VP of Sales & Marketing

AJOT | May 19, 2011 | Air Cargo

Aloha Air Cargo, Hawaii's largest air-freight carrier, announced the promotion of Johnny Hobayan to vice president of sales and marketing, from his previous post as senior director of sales and business development.

As the vice president of sales and Read More »

NOL Group invests in two-berth terminal at Port of Qingdao 

AJOT | May 19, 2011 | Liner Shipping

NOL Group announced a joint venture to operate a two-berth container terminal at the Port of Qingdao. The terminal, expected to open in the second half of 2011, will be NOL's first in mainland China.

"Today we've taken a significant step to strengthen Read More »

Rickmers container vessel breaks all records as she sails into the Baltic

AJOT | May 19, 2011 | Liner Shipping

The arrival from China of the Rickmers-owned containership Maersk Elba at the DCT Gdansk terminal on May 11th marked a new era in Baltic shipping. At 13,092TEU and carrying containers 17-wide below deck and 19-wide on the hatchcovers, she is the biggest c Read More »

Safmarine’s reefer express returns

AJOT | May 19, 2011 | Liner Shipping

The seasonal SAECS Reefer Express (REX) service, which was first launched three years ago to provide extra capacity during the South African peak fruit season, is back for the 2011 season.

According to Safmarine's South Africa-Europe trade manager, Ia Read More »

Hamburg S’d eminently sustainability-focused

AJOT | May 19, 2011 | Liner Shipping

A few days ago the Fraunhofer Working Group for Supply Chain Services SCS published the study 'Sustainability Index for Logistics Service Providers'. The study analyzed how transparently logistics service providers report on their activities in the area o Read More »

EU raids Asian shipping firms’ Europe offices in antitrust probe

AJOT | May 19, 2011 | Liner Shipping

European Union officials have raided the European offices of a number of Asian shipping firms as part of a probe into suspected price fixing in the sector, the firms said.

Neptune Orient Lines(NOL), Orient Overseas (International) Ltd (OOIL), Evergree Read More »

DryShips Q1 lags; rig unit clinches $1.1 blllion deal

AJOT | May 17, 2011 | Breakbulk & Projects

DryShips Inc said won a $1.1 billion deepwater drilling contract from Brazil's Petrobras, doubling its backlog to over $2 billion ahead of a planned IPO of the business in the next few months.

With the contract for the two rigs, the Greece-based dry c Read More »

Star Bulk Carriers buys two capesize vessels for $51.5 million

AJOT | May 17, 2011 | Breakbulk & Projects

Greek dry bulk carrier Star Bulk Carriers Corp said it will buy two Capesize bulk carriers for an aggregate purchase price of about $51.5 million to increase its fleet's carrying and earnings capacity.

The company said both capesize vessels -- the big Read More »

Dry freight down as super freighter enters market

AJOT | May 17, 2011 | Breakbulk & Projects

The Baltic Exchange's main sea freight index, which tracks dry ship rate commodities, fell again as a record-sized iron ore freighter entered the market, sparking fear of oversupply.

Traders said dry freight rates continued to be under downward pressu Read More »

WWPC experts join forces in unique power plant project for Albania

AJOT | May 17, 2011 | Breakbulk & Projects

Moving heavy cargo through the under developed roads and over bridges with extremely poor structures in Albania is a task not many are equipped and experienced to sign up for. Yet, the WWPC members Guangzhou Sunshine International Logistics from China jo Read More »

CN increases Brampton Intermodal Terminal capacity

AJOT | May 17, 2011 | Ports & Terminals

CN announced a series of capacity improvements to accommodate growing container volumes at its Brampton Intermodal Terminal (BIT) and to ensure a high level of service for intermodal customers across its system.

BIT, located in the prime logistics are Read More »

ABF Service Centers recognized as ‘Best of the Best’

AJOT | May 17, 2011 | Ports & Terminals

ABF® service centers in Vancouver, British Columbia; Altoona, Penn.; Laredo, Texas; and Salt Lake City, Utah, are scheduled to receive the prestigious President’s Quality Award from ABF President and CEO Wes Kemp. The award recognizes service centers most Read More »