Mitsubishi invests $535 mlllin to make new car in Thailand

AJOT | December 12, 2010 | International Trade

Mitsubishi Motors Corp said it would spend 16 billion baht ($535 million) to build its new "Global Small" car in Thailand, announcing a new factory with initial capacity of 150,000 cars a year.

The plant, the Japanese automaker's third in Thailand and Read More »

Israel relaxes Gaza grip, permitting exports

AJOT | December 12, 2010 | International Trade

Israel announced a further relaxation of its blockade of the Hamas-ruled Gaza Strip, saying exports of manufactured goods would now be permitted in a move that major powers welcomed as significant.

Prime Minister Benjamin Netanyahu's office said Israe Read More »

EU and India resolve dispute over generic drugs

AJOT | December 12, 2010 | International Trade

The European Union and India said they had resolved a dispute over generic drugs in which was referred to the World Trade Organisation last year. Indian Trade and Industry Minister Anand Sharma told Reuters the EU's trade chief, Karel De Gucht, had told I Read More »

Consumer sentiment, trade point to firmer US recovery

AJOT | December 12, 2010 | International Trade

U.S. economic data painted a picture of a firming recovery as consumer confidence rose to its highest level in six months and the country's trade deficit narrowed much more than expected.

Consumer sentiment in December rose to its highest level since Read More »

Record US soybean exports, up 20 mlllion, to 1.59 billion bushels

AJOT | December 12, 2010 | International Trade

U.S. soybean exports will surge to a record 1.59 billion bushels this marketing year, led by sales to China, the No 1 importer, the government forecast, the fourth consecutive month it has raised the export figure.

The Agriculture Department said reco Read More »

Canada trade deficit down, surplus with US shrinks

AJOT | December 12, 2010 | International Trade

The Canadian trade deficit was smaller than expected in October, with stronger international exports of industrial goods and materials helping to overcome a shrinking surplus with the United States, by far Canada's largest trading partner.

The deficit Read More »

Diageo in talks to buy Turkey’s Mey Icki

AJOT | December 12, 2010 | International Trade

Diageo is in preliminary talks to buy Turkish spirits company Mey Icki, people familiar with the matter said, as part of the push by the world's biggest drinks company into high-growth emerging markets.

Diageo has expressed interest and could pay up t Read More »

Panasonic cautious on US, Europe holiday sales

AJOT | December 12, 2010 | International Trade

Consumer electronics maker Panasonic Corp said it sees no strong recovery in year-end sales in North America and Europe, but expects to pull its loss-making TV unit into the black in the January-March quarter.

Panasonic's president, Fumio Ohtsubo, als Read More »

Lone Star overnight maintains pricing advantage

AJOT | December 12, 2010 | Air Cargo

Lone Star Overnight, a Texas-based regional overnight package delivery company, has announced that its 2011 published rates will continue to be significantly below those of national package carriers for its priority products. Read More »

Highest tonnage and growth at Frankfurt earns AirBridge Cargo Fraport Award

AJOT | December 12, 2010 | Air Cargo

Fraport Cargo Services (FCS) has presented AirBridgeCargo Airlines (ABC) with its 'Best Cargo Performer 2010' award after the airline increased its freight volume through Frankfurt Airport by nearly 50%.

It is the second year in a row that ABC has bee Read More »

Pagan to lead Sea Star Line’s Puerto Rico operations

AJOT | December 12, 2010 | Liner Shipping

Sea Star Line, LLC has announced that Eduardo L. Pagan has joined the company as VP and General Manager of Puerto Rico operations, and will report directly to company President, Steve Hastings.

Prior to joining Sea Star Line, Pagan led his own consult Read More »

Independent Container Line (ICL) is announcing a restructuring of their US sales team

AJOT | December 12, 2010 | Liner Shipping

Effective January 3rd, Scott Tawney will assume the position of Vice President of Sales ' Northern Region and will be responsible for the North East, Mid West and Mid East sales territories. Scott has been with ICL for over 20 years and has been a consis Read More »

CMA CGM includes Vietnam in Hamburg-Far East port rotation

AJOT | December 12, 2010 | Liner Shipping

On 2 December 2010, the container ship CMA CGM OTELLO called at the Port of Hamburg as part of the expanded 'French'Asia Line 3' scheduled liner service. The CMA CGM OTELLO is one of a fleet of ten container ships with a slot capacity of between 8,500 and Read More »

Kuehne to raise stake in Hapag-Lloyd

AJOT | December 12, 2010 | Liner Shipping

A group of German investors aims to retain its grip on Hapag-Lloyd after TUI AG floats its stake in the container shipping company next year, several people familiar with the matter said.

The move may include finding a new anchor investor for Hapag-Ll Read More »

Road, sea and air solution delivers mining vehicles to Mongolia

AJOT | December 09, 2010 | Air Cargo

The specialist skills of Volga-Dnepr Airlines' Engineering and Logistics Center (ELC) were required to move large mining vehicles to Ulan Bator, the capital and largest city in Mongolia and the country's major manufacturing centre. Read More »

Hazardous cargoes - three ships sunk;  44 deaths in 39 days

AJOT | December 06, 2010 | Breakbulk & Projects

Three days after informing the Maritime Safety Committee of the International Maritime Organization (IMO) about what it feels are the unacceptable hazards associated with Iron Ore fines loaded in wet weather conditions and Nickel Ore, Intercargo - the dry Read More »

Two firms face fines for ocean dumping violations in Dredging Operations in Mass.

AJOT | December 06, 2010 | Ports & Terminals

Two New England firms are the subject of enforcement actions by both the U.S. EPA and the Commonwealth of Massachusetts, for improper disposal of dredged sediments in ocean waters during recent dredging projects in Massachusetts Bay harbor communities. Read More »

SC Ports names Pruett VP, Carrier Sales

AJOT | December 06, 2010 | Ports & Terminals

The South Carolina State Ports Authority (SCSPA) has announced changes to its management team, promoting an accomplished sales manager to direct its carrier sales strategy.

Art Pruett is being promoted to Vice President, Carrier Sales. Pruett joined t Read More »

US PNW grain shippers face big logistics challenge

AJOT | December 06, 2010 | Ports & Terminals

Grain shippers are scrambling to load vessels from the largest U.S. wheat export gateway, the Pacific Northwest, before government work shuts down normal barge traffic on the Columbia and Snake Rivers on Dec. 10.

Those rivers feed the port of Portland Read More »

ABF road driver Boyd awarded ABF Medal of Excellence for Life-Saving Actions

AJOT | December 06, 2010 | Intermodal

ABF Freight System, Inc.', recognized the life-saving actions of John Boyd by awarding him the ABF Medal of Excellence. An ABF road driver in Dayton, Ohio, Boyd became the sixth recipient of the award, which is the highest honor the company can present to Read More »