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Container lines to raise US-Asia Rates

AJOT | February 25, 2010 | Liner Shipping

Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) are recommending a further general rate increase (GRI) on ocean cargo moving from the U.S. to Asia. The move is part of an ongoing effort to restore rate levels after a Read More »

Premium Article  The conundrum of supply or demand

George Lauriat | February 21, 2010 | Liner Shipping

Despite a surplus of containerships, slots and rising freight rates, North American exporters are experiencing equipment shortages. With a relatively low US dollar, the global demand for North American agricultural goods and other high weight / low val Read More »

Premium Article  Clearwater Seafoods a global export leader

Leo Ryan | February 21, 2010 | International Trade

From its humble beginnings in 1976 as a local lobster distributor in Nova Scotia, Clearwater Seafoods Limited Partnership has become one of the world’s leading export-oriented seafood companies. Annual sales last year virtually matched 2008 revenue of C$2 Read More »

Premium Article  Canadian exporters foresee improved outlook

Leo Ryan | February 21, 2010 | International Trade

Canada’s exporters are confident that sales will improve in the first semester of 2010, according to a recent survey by the Export Development Corporation (EDC). But the latest trade figures from Statistics Canada demonstrate that a sharp fall in exports Read More »

Premium Article  Li & Fung huge for global sourcing; its IDS, a 3PL force

Karen Thuermer | February 21, 2010 | International Trade

Li & Fung is a force to contend with in China and worldwide.

“They are doubling their business every three years, swallowing up bigger companies and becoming a force in global sourcing,” said Tommy Lui, Managing Director – Greater China Inter Read More »

Premium Article  Made in China hits the wall of regulation

Karen Thuermer | February 21, 2010 | International Trade

Japan used to be associated with making cheap products, but today China has that reputation. Sometimes Chinese made products are even toxic.

Just recently, the U.S. demanded a recall of Chinese made wallboard, and several years ago the Consum Read More »

Premium Article  Shing Hing of China indicates a market in transition

Karen Thuermer | February 21, 2010 | International Trade

The manufacturing climate in China is changing. Not only is the worldwide economic slowdown, which the Chinese like to refer to as “the economic tsunami” having an impact on manufactured volumes there; this awakened dragon is realizing more potential for Read More »

Premium Article  Regulation and enforcement are keystones to new FDA import policy

Peter Buxbaum | February 21, 2010 | International Trade | Liner Shipping | Transport Intermediaries

Food and drug manufacturers, shippers, and importers will be required to shoulder greater responsibility for the safety of their imported products and face stiffer penalties if they do not, under legislation currently pending in Congress and a new regulat Read More »

Premium Article  Demand for waste paper and scrap metal continues

AJOT | February 21, 2010 | International Trade

Unpalatable as it might be to anxious trade analysts, waste paper and scrap metal will continue to be the biggest export product by container, with China gobbling most of it up. Figures compiled by the Los Angeles Economic Development Corporation show tha Read More »

Indonesia to invite bids for $1.5 billion coal railway in May

AJOT | February 21, 2010 | Breakbulk & Projects

Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry official said on Wednesday.

Growth in Southeast Asia's largest economy has been held back by poor in Read More »

TITAN Salvage to remove navigational hazards in Port-au-Prince

AJOT | February 21, 2010 | Breakbulk & Projects

A TITAN Salvage team is working in Haiti to remove navigational hazards, including the collapsed Washington gantry crane, in Port-au-Prince for the U.S. Transportation Command (USTRANSCOM), in an effort to increase the cargo throughput in the heavily dama Read More »

APM Terminals Algeciras and University of Cadiz collaborate on terminal equipment innovation…

AJOT | February 21, 2010 | Ports & Terminals

A fruitful collaboration between engineers at APM Terminals Algeciras and the prominent University of Cadiz, in Spain has led to a number of terminal equipment design improvements and patents improving both efficiency and safety. In recognition of these a Read More »

JPMorgan, ACS close to Spanish ports deal

AJOT | February 21, 2010 | Ports & Terminals

Spanish group ACS is close to selling the Spanish port business of its subsidiary Dragados SPL to a JPMorgan infrastructure fund, though concerns about the port sector are hampering the deal, sources familiar with the matter said.

Ports are s Read More »

Aqaba receives two gantry cranes

AJOT | February 21, 2010 | Ports & Terminals

Strength of Jordanian Port sets stage to open Middle East markets further

Aqaba, Jordan – In line with the port master plan, Aqaba Container Terminal (ACT), the Kingdom’s main shipping hub for the Red Sea market has received two Ship-T Read More »

Port of Long Beach trade increases for 2nd consecutive month

AJOT | February 21, 2010 | Ports & Terminals

January imports up nearly 9 percent, exports up 28%

After closing 2009 with the first increases in monthly container cargo numbers in two years, the Port of Long Beach on Tuesday reported a continued uptrend in trade for January. Read More »

Yemen, DP World to expand Aden container port

AJOT | February 21, 2010 | Ports & Terminals

Yemen and Dubai's DP World plan a major expansion of Aden's container port, betting on growth in the poorest Arab country despite al Qaeda, instability and Somali pirates, officials said.

In 2008, Yemen formed a joint venture with the Dubai-b Read More »

Port Manatee to purchase second mobile harbor container crane

AJOT | February 21, 2010 | Ports & Terminals

The Manatee County Port Authority approved the purchase of Port Manatee’s second mobile harbor container crane at a meeting February 18th.

The addition of the second crane bolsters Port Manatee’s container-handling capacity and opens the door Read More »

Port Manatee seeks dredging bids to complete $200 million expansion

AJOT | February 21, 2010 | Ports & Terminals

The Manatee County Port Authority announced at its Feb. 18th meeting its intent to seek bids for a major dredging project at Port Manatee.

Dredging of the port’s new Berth 12 will provide a navigational depth of 41 feet at mean-low-water with Read More »

YRC Worldwide Introduces new green balance calculator

AJOT | February 21, 2010 | Intermodal

YRC Worldwide Inc. announced the launch of its new Green Balance Calculator. Developed in partnership with Sustainable Travel International (STI), the calculator is an optional tool customers can use to help offset emissions associated with their shipment Read More »

January spot freight market up 54% compared to a year ago

AJOT | February 21, 2010 | Intermodal

Freight availability in January rose by 54 percent on the North American spot market compared to January 2009 according to the TransCore North America Freight Index. This marked the fourth consecutive month of improvement on a year-over-year basis. The Tr Read More »

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