China buyers try to cancel U.S. DDGS shipments

AJOT | January 23, 2011 | International Trade

Buyers in China, the world's largest buyer of distillers' dried grains (DDGS), are trying to cancel U.S. shipments to avoid possible fees if an investigation finds U.S. suppliers were dumping the goods below cost, traders said.

Buyers are trying to ca Read More »

EU prepares to challenge China export credit

AJOT | January 23, 2011 | International Trade

European trade officials have requested industry data that could allow the European Union to challenge China over cheap credit to Chinese firms, according to EU officials and correspondence seen by Reuters.

The initiative, led by the EU executive, the Read More »

Uruguay beef export volume falls 6% in 2010

AJOT | January 23, 2011 | International Trade

Beef exports from Uruguay fell around 6 percent in volume in 2010, the government-run beef institute said, adding that meat shipments from the world's No. 7 supplier should be steady this year.

At the same time, Uruguay's beef exports rose 16.3 percen Read More »

EU, China seek appeal delay in WTO fasteners case

AJOT | January 23, 2011 | International Trade

The European Union and China are jointly seeking an extension of the deadline to lodge an appeal in a World Trade Organization dispute panel ruling condemning EU duties on Chinese screws and bolts.

A document published on the WTO website made it clear Read More »

Pilot Freight Services Closes Out Largest Year in Company History

AJOT | January 23, 2011 | Air Cargo

Revenue for the year jumped 31 percent over 2009

Lima, Pa.-January 24, 2011-Pilot Freight Services, a worldwide provider of transportation and logistics services, announced today it recorded record annual revenue and shipment volume for 2010. R Read More »

CHINA’S HAINAN AIRLINES EXTENDS CARGO GSSA PARTNERSHIP WITH ECS GROUP IN EUROPE

AJOT | January 23, 2011 | Air Cargo

China's Hainan Airlines has extended its general sales and services agent agreement with ECS Group in Europe by awarding a new contract to the company in Hungary and Austria.

The two-year contract commenced this month and sees Globe Air Cargo, Read More »

Cargoitalia adds Atlanta

AJOT | January 23, 2011 | Air Cargo

Cargoitalia, Italy's all-cargo flag-carrier ' will commence MD11 freighter services from Milan to Atlanta on February 2nd, providing the only through maindeck cargo link between the two cities.

Atlanta will be served twice-weekly from Milan, using Car Read More »

Abu Dhabi’s Maximus to buy 3 new freighters from JAL

AJOT | January 23, 2011 | Air Cargo

Maximus Air Cargo, Abu Dhabi Aviation's cargo arm, said it is investing 350 million dirhams to buy three Airbus A300-600 jets and convert them into freighters as it expands its operations.

The freighters were purchased from Japan Airlines and will be Read More »

Qantas to pay $26.5 mlllion in freight case

AJOT | January 23, 2011 | Air Cargo

Australia's largest airline Qantas has settled a U.S. class action lawsuit over an alleged freight cartel, agreeing to pay $26.5 million. Read More »

Finnair mulls cargo venture with U.S. Neff

AJOT | January 23, 2011 | Air Cargo

Finland's flag carrier Finnair confirmed it is looking to set up a cargo aircraft venture with private equity firm Neff Capital Management LLC. Read More »

GAC and TransAtlantic sign agency agreement to support Arctic exploration

AJOT | January 23, 2011 | Liner Shipping

GAC Norway has welcomed the TransAtlantic ice-breaking Anchor Handling Tug Supply (AHTS) 'Tor Viking II' to Hammerfest after its transit of the ice-bound North East Passage, under a new agency agreement that brings together two companies with plans for Ar Read More »

MOL’s ship calls at Cai Mep in start of direct service to North Europe

AJOT | January 23, 2011 | Liner Shipping

Mitsui O.S.K Lines Ltd MOL PRECISION made it's first call at Tan Cang-Cai Mep International Terminal (TCIT)* in Vietnam on January 15th,where a welcoming ceremony was held in commemoration of the event.

Attended by approximately 200 people, incl Read More »

Shippers weigh options to reduce sulphur emissions

AJOT | January 23, 2011 | Liner Shipping

Global efforts to drastically reduce toxic sulphur emissions in the shipping industry will likely be delayed for years due to the reluctance of refiners to invest billions of dollars to produce cleaner burning fuel.

The United Nations shipping agency Read More »

New World Alliance set to reduce ocean capacity

AJOT | January 23, 2011 | Liner Shipping

The New World Alliance said it will temporarily reduce capacity on selected Trans-Pacific Trade services to coincide with Lunar New Year factory shutdowns in Asia. The three container shipping lines in the alliance -- APL, Hyundai Merchant Marine (HMM) a Read More »

China Shipping Container sees profit in 2010, trading resumes

AJOT | January 23, 2011 | Liner Shipping

China Shipping Container Lines Co Ltd said it expected to post a profit for 2010 from a loss in the previous year thanks to a gradual recovery of the global economy and restorative growth in the shipping industry. Read More »

W’rtsil’ delivers a marine scrubber to Containerships Ltd.

AJOT | January 23, 2011 | Liner Shipping

The installation of scrubbers is a major step in the introduction of exhaust gas cleaning technology for maritime applications. The W'rtsil' scrubber will enable the vessel to meet future emission requirements in Sulphur Emission Control Areas (SECA) i Read More »

Global container demand to slow expansion by half after robust 2010

AJOT | January 23, 2011 | Liner Shipping

Demand growth in the container shipping industry will slow in 2011 to nearly half of last year's double-digit expansion as strong consumer buying eases in emerging markets, industry experts said.

The box shipping industry has rapidly recovered from th Read More »

India’s exports pick up but

AJOT | January 16, 2011 | International Trade

India's exports accelerated in December as demand for its vehicles, engineering goods and petroleum products remained robust, but global economic uncertainty will likely make 2012 a difficult year, Trade Secretary Rahul Khullar said. Read More »

Albacor Shipping exclusive for WWPC in US

AJOT | January 13, 2011 | Breakbulk & Projects

The Worldwide Project Consortium WWPC announced that all four of its franchise areas in the USA, namely New York East Coast, Houston Gulf Coast, Miami and Norfolk/Atlanta Central, Los Angeles/West Coast, New York/North Atlantic and Houston/Gulf are now co Read More »

Diana Shipping announces time charter contract for M/V Melite

AJOT | January 13, 2011 | Breakbulk & Projects

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the Read More »