Maersk ups Asia-Europe rates as trade recovers

AJOT | June 16, 2010 | Liner Shipping

World No.1 container shipper Maersk Line announced peak season surcharges on freight rates from Asia to Europe following what it said was exceptional demand this year as global trade recovers.

The subsidiary of Danish shipping and oil group A Read More »

Thomas Miller celebrates its 125th anniversary by supporting the renovation of Africa’s oldest ship

AJOT | June 16, 2010 | Liner Shipping

Believed to be the oldest ship still afloat in Africa, the 38m long motor ship Chauncy Maples is to be renovated as a floating clinic to bring primary health care to half a million of the world's poorest people living around Lake Malawi. The necessary fun Read More »

Steder Group clears tough timing for Portuguese refinery movement from Malaysia

AJOT | June 13, 2010 | Breakbulk & Projects

Steder Group of Rotterdam, Member to the Worldwide Project Consortium Ltd WWPC, recently executed a project consisting of large modules for a complete HRSG. Read More »

Transnet seeks more coal, iron ore exports

AJOT | June 13, 2010 | Breakbulk & Projects

South Africa's logistics group Transnet said it was on course to increase coal exports within the next five years and plans to use export routes in Mozambique and Angola.

Acting Transnet Chief Executive Chris Wells told reporters the company Read More »

GAC opens full-fledged ship agency operation in Rio de Janeiro, Brazil

AJOT | June 13, 2010 | Breakbulk & Projects

The importance of Brazil in the shipping and oil & gas sector has prompted the GAC Group to establish its latest port agency operation, with its coordination office at Rio de Janeiro.

From there, GAC Brazil's experienced team will liaise with Read More »

900 ton crane makes first lift at the Port of Mobile

AJOT | June 13, 2010 | Ports & Terminals

Barnhart Crane & Rigging Company has begun providing heavy lift barge crane services to cargo customers at the Port of Mobile. In the company‚Äôs first lift, the new 900T heavy lift crane transloaded to barge a 102 metric ton down coiler machine from Grieg Read More »

Russian dock workers threaten strike over wages

AJOT | June 13, 2010 | Ports & Terminals

Russian dock workers at St Petersburg and Tuapse ports owned by billionaire Vladimir Lisin may strike next month if wages are not increased, a union official said.

"A strike is possible," local united trade union spokesman Vasiliy Denisenko s Read More »

CN, TSI Terminal Systems reach supply chain collaboration agreement

AJOT | June 13, 2010 | Ports & Terminals

CN and TSI Terminal Systems Inc. (TSI) announced a supply chain collaboration agreement aiming to enhance service levels to their mutual customers and draw greater volumes of container traffic over Port Metro Vancouver. A MOU has been signed that will dri Read More »

Nigeria’s West Africa Container Terminal volume up 18%

AJOT | June 13, 2010 | Ports & Terminals

APM Terminals CEO Kim Fejfer visits the Onne facility as emerging market strategy shows strength.

The Port of Onne's West Africa Container terminal (WACT) has recorded container volume growth of 18% through May 2010 as compared with the same Read More »

Trucking executive elected Vice Chairman of U.S. Chamber

AJOT | June 13, 2010 | Intermodal

The U.S. Chamber of Commerce named John Ruan III as its vice chairman for 2010 in a June 9 election by the board. Ruan is chairman and CEO Ruan Transport Corporation in Des Moines, Iowa. Read More »

QR National IPO on track for Q4, interest high

AJOT | June 13, 2010 | Intermodal

Interest in the privatisation of QR National, Australia's biggest rail freight business, has exceeded expectations and the sale remains on track for the fourth quarter, Queensland Rail's chief executive said. Queensland state plans an initial public offer Read More »

Wall Street betting on recovery in trucking

AJOT | June 13, 2010 | Intermodal

Stocks of trucking companies may have taken a beating in recent weeks, but that's no reason to exit a sector that has been seeing strong signs of recovery.

The weakness provides a great opportunity for investors to enter the sector or add to Read More »

Canada has small trade surplus

AJOT | June 13, 2010 | International Trade

Canada recorded a smaller than expected trade surplus in April as a strong domestic currency hurt exports and demand for Canadian goods outside of the United States fell, government data showed.

Statistics Canada said the nation notched a tra Read More »

Bank regulation seen hurting commodity exporters

AJOT | June 13, 2010 | International Trade

Tighter banking regulation could increase the borrowing costs of commodity exporters, including African companies which are already struggling to access needed trade financing, senior bankers said.

"Regulation is the biggest threat," John Mac Read More »

EU to open market fully to Palestinian exports soon

AJOT | June 13, 2010 | International Trade

The European Commission plans to open European Union markets fully to Palestinian exports in the coming months to help strengthen the Palestinian economy, the EU trade chief said. Read More »

US’ Geithner: world economy needs China yuan reform

AJOT | June 13, 2010 | International Trade

U.S. Treasury Secretary Timothy Geithner, delivering his sharpest criticism of China's exchange rate policies in months, said the yuan's value was "critically important" for the world economy.

But Geithner, testifying before the U.S. Senate F Read More »

US trade gap widens

AJOT | June 13, 2010 | International Trade

A report from the Commerce Department showed the U.S. trade deficit edged up to $40.3 billion in April from $40 billion from March as exports fell. Markets had expected a gap of $41.0 billion.

The slightly wider trade deficit reflected a 0.7 Read More »

US industry eyes win in IT trade case versus EU

AJOT | June 13, 2010 | International Trade

U.S. technology companies hope a preliminary World Trade Organization ruling will persuade the European Union to drop tariffs on three products at the center of the dispute. Read More »

US urges Vietnam to join trans-Pacific trade pact

AJOT | June 13, 2010 | International Trade

Vietnam should join a U.S.-initiated trans-Pacific partnership to boost trade and competitiveness, a U.S. trade official said.

The trans-Pacific partnership (TPP) will help bolster U.S.-Vietnam ties and increase Vietnam's competitiveness in t Read More »

Third MD11 for Cargoitalia

AJOT | June 13, 2010 | Air Cargo

Cargoitalia, Italy's freighter operator, has taken delivery of its third MD11 freighter aircraft. The aircraft's arrival marks the satisfactory conclusion of the airline's first phase of development, which began with its successful re-launch under new own Read More »