EU, Vietnam say to start talks on free-trade pact soon

AJOT | October 03, 2010 | International Trade

The European Union and Vietnam will start negotiations on a free trade pact soon, EU and Vietnamese leaders said, fuelling Vietnamese hopes of being recognised by the EU as a free market economy.

Vietnamese Prime Minister Nguyen Tan Dung said free tra Read More »

US urges EU to join forces on China IP rights

AJOT | October 03, 2010 | International Trade

The United States urged European states to join forces with Washington in pressuring China to change its policies on intellectual property rights and foreign investment.

U.S. Under Secretary of State for Economic Affairs Robert Hormats said U Read More »

Russia finmin expects WTO accession deal in 2-4 months

AJOT | October 03, 2010 | International Trade

Russia has resolved all outstanding issues with the United States over its 17-year-old World Trade Organization entry bid and could well join the WTO next year, Finance Minister Alexei Kudrin said.

"I can say that the United States has remove Read More »

Brazil Sept trade balance slips from year-ago

AJOT | October 03, 2010 | International Trade

Brazil's trade surplus in September slipped from previous month, as exports fell on the back of a strong local currency while robust domestic activity continued to fuel demand for imports.

Brazil posted a trade surplus of $1.093 billion in Se Read More »

EU-Asia trade disputes lie behind free-trade talks

AJOT | October 03, 2010 | International Trade

European Union leaders attending an EU-Asia summit next week will sign Europe's first bilateral free-trade pact with South Korea and open trade talks with Malaysia.

Read More »

Hactl announces throughput for the third quarter of 2010

AJOT | October 03, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) released its tonnage throughput for September and the third quarter of 2010. A total of 242,043 tonnes were handled in the month, representing a year-on-year growth of 14.0%. Tonnage throughout for the third q Read More »

UAL, Continental close deal to form No. 1 airline

AJOT | October 03, 2010 | Air Cargo

UAL Corp and Continental Airlines Inc closed their merger to form the world's largest carrier, called United Airlines.

The airline is a unit of United Continental Holdings Inc , the holding company formed under the $3.17 billion all-stock mer Read More »

US mulls safeguards on battery shipments

AJOT | October 03, 2010 | Air Cargo

U.S. regulators want to beef up safety measures on air-cargo shipments of electronic devices that contain flammable lithium ion batteries, in response to the recent crash of a UPS jet loaded with such goods. Read More »

Atlas Air says disappointed over Boeing delay

AJOT | October 03, 2010 | Air Cargo

Cargo carrier Atlas Air Worldwide Holdings Inc is disappointed over Boeing Co's delay of first delivery of the 747-8 Freighter jet and may seek remedies, an Atlas official said. Read More »

Hapag-LLoyd increases debt issue on strong demand

AJOT | October 03, 2010 | Liner Shipping

German container shipping company Hapag-Lloyd has placed about $700 million in senior notes in the capital market, 40 percent more than planned after attracting strong investor demand, a stakeholder in the firm said.

Hapag, the world's fifth- Read More »

Crowley names new VP of Strategic Initiatives and Marketing

AJOT | October 03, 2010 | Liner Shipping

Crowley Maritime Corp. announced that Carl R. Fox has been named vice president of strategic initiatives and marketing for the liner and logistics business units.

In this role, he is responsible for formulating strategic market and trade lane Read More »

Coast Guard says Houston Channel shut 3 days

AJOT | October 03, 2010 | Liner Shipping

The Houston Ship Channel closed for three days after a barge struck a highline electrical tower this past weekend, downing a power line stretching across the waterway to the busiest U.S. petrochemical port, the U.S. Coast Guard said. Read More »

Christening of the CMA CGM world’s largest Maltese-flagged containership

AJOT | October 03, 2010 | Liner Shipping

CMA CGM, the world's third largest container shipping Group announced the christening of the 11,400-TEU* CMA CGM PEGASUS, at Malta Freeport Terminal, Port of Marsaxlokk. Read More »

TSA creates shipper advisory board, launches ongoing consolations with customers

AJOT | October 03, 2010 | Liner Shipping

Container shipping lines in the transpacific Stabilization Agreement (TSA) have opened an unprecedented new channel of communication with customers, with the establishment of a shipper advisory board. The new panel provides a forum, under TSA auspices, to Read More »

Safmarine gets closer to Indian Subcontinent customers by inaugurating new ISC Region

AJOT | October 03, 2010 | Liner Shipping

Liner shipping company Safmarine Container Lines is pleased to announce the formation of a new Region in its global organization to further enhance the difference being made by Safmariners around the world to customers trading to and from the Indian Subco Read More »

Dockwise delivers first of 15 modules for Koniambo Project

AJOT | September 30, 2010 | Breakbulk & Projects

Dockwise Ltd. has been selected as the contractor of choice for the transport of 15 onshore modules for the Koniambo Nickel Project in New Caledonia. Read More »

Crowley to operate first double-hulled, environmentally friendly barges in Western Alaska waters

AJOT | September 30, 2010 | Breakbulk & Projects

Crowley today announced its plans to construct two double-hulled, combination deck cargo and tank barges for service in Western Alaska. The vessels, fittingly named DBL 165-1 and DBL 165-2, are scheduled to be delivered in April and May of 2 Read More »

GAC teamwork makes light work of heavy lift

AJOT | September 30, 2010 | Breakbulk & Projects

At 745 metric tons, the reactor unit was a big load for the crane loading it onto a SAL-heavy lift vessel at Dubai's Jebel Ali port and it took two hours to load. But that was just one of the challenges the GAC team made light work of during a successful Read More »

Port of New York/ New Jersey comments on strike situation

AJOT | September 30, 2010 | Ports & Terminals

The following statement was issued by Joseph Curto, President of the New York Shipping Association, “regarding the end of the job action in the Port of New York and New Jersey: Although the situation that precipitated the work stoppage in the Port of N Read More »

Port of Baltimore handles record number of containers for second straight month

AJOT | September 30, 2010 | Ports & Terminals

For the second consecutive month, the public marine terminals at the Port of Baltimore handled a record number of containers. In July, 63,740 TEU (Twenty-Foot Equivalent Unit) containers made their way across Baltimore’s docks, breaking an all-time record Read More »