Israeli polished diamond exports up 48% in 2010

AJOT | January 04, 2011 | International Trade

Israeli exports of net polished diamonds jumped 48.1 percent to $5.8 billion in 2010 as the industry recovered from the global financial crisis and expanded its presence in Asia, the Industry and Trade Ministry said.

The diamond processing sector is o Read More »

Steel imports decline in November NAFTA decline leads the way

AJOT | January 04, 2011 | International Trade

Steel imports declined 5.5 percent in November compared to October. 'Weak market conditions in November affected shipments especially from our NAFTA partner, Mexico. Weak market conditions in late summer/early fall also depressed arrivals from offshore s Read More »

US stresses need to reduce China trade imbalance

AJOT | January 04, 2011 | International Trade

President Barack Obama's national security adviser pressed for efforts to reduce U.S.-China trade imbalances and also discussed ways to rein in North Korea in with China's foreign minister.

Obama, who joined the meeting with Chinese Foreign Minister Y Read More »

Bangladesh exports surge 68% on apparel sales

AJOT | January 04, 2011 | International Trade

Bangladesh's exports in December surged 68 percent to a record $1.988 billion, boosted by ready-made garments sales, the Export Promotion Bureau said.

Exports for July to December, the first half of 2010/11 fiscal year, were up 41 percent at $10.26 bi Read More »

China wants more open German market

AJOT | January 04, 2011 | International Trade

China wants to develop the untapped purchasing power of its domestic consumers and hopes Berlin will support the expansion of Chinese companies in Germany, a top Beijing official said.

Chinese firms should have the chance to further boost some $1 bill Read More »

First Solar sets new pact on China project

AJOT | January 04, 2011 | International Trade

First Solar Inc plans to develop a delayed 30 megawatt solar project in Inner Mongolia with China Guangdong Nuclear Solar Energy Development Co, the companies said. Read More »

Brazil posts 2010 trade surplus of $20.1 billion

AJOT | January 04, 2011 | International Trade

Brazil posted a trade surplus of $20.1 billion in 2010, outgoing Trade and Industry Minister Miguel Jorge said.

The country's exports reached a record $201.9 billion for the year, he added, speaking at the inauguration ceremony for his successor, Fern Read More »

Singapore GLP to buy 53% of China air cargo firm

AJOT | January 04, 2011 | Air Cargo

Global Logistic Properties (GLP) , part-owned by Singapore sovereign fund GIC, will buy a 53 percent stake in China's Airport City Development Co to tap the country's booming air-cargo logistics business. Read More »

Ocean World Lines opens dedicated air freight office next to Heathrow

AJOT | January 04, 2011 | Air Cargo

Ocean World Lines (OWL), a global door-to-door and end-to-end NVOCC, announced today that it has opened a dedicated OWL Air UK office and warehouse near Heathrow Airport to support its expanding inbound and outbound air freight services between the Far Ea Read More »

Australia decides Ruslan International An-124 fleet is fully Chapter 3 noise compliant

AJOT | January 04, 2011 | Air Cargo

Australia's Department of Infrastructure and Transportation has issued specific confirmation that all Antonov An-124 aircraft managed by Ruslan International (the joint venture company which markets and manages the combined fleet of 17 An-124 aircraft bel Read More »

Maersk Line sees 2011 market fairly balanced

AJOT | January 04, 2011 | Liner Shipping

Maersk Line sees a well-balanced market, as global capacity is forecast to grow 9 percent this year, a senior executive said.

The Head of Maersk Line's route network, Jorgen Harling, told Reuters in an email that the shipping company sees demand in th Read More »

China COSCO sees significant growth in 2010 results

AJOT | January 04, 2011 | Liner Shipping

China COSCO Holdings Co Ltd , the country's top shipping conglomerate, expects to have a significant growth in 2010 results, thanks to the sustained recovery of world economy.

The company is expected to record a net profit for 2010 against a net loss Read More »

Delta Maritime participates on refinery’s extension project in Greece

AJOT | January 03, 2011 | Breakbulk & Projects

Delta Maritime Limited of Thessaloniki, Greece , a member of the global networks CEE and WWPC, recently was asked to deliver at the Thessaloniki port terminals, 155 tons of equipment for Hellenic Extension Petroleum Refinery outside Thessaloniki. Read More »

Steder Group’s heavy dredging material arrived in time for Christmas

AJOT | January 03, 2011 | Breakbulk & Projects

Steder Group from The Netherlands, a member of the global networks Cargo Equipment Experts CEE and WWPC, was awarded the de-mobilization of huge dredging material, biggest piece: 4500 x 707 x 605 cm ' 245 mton, from Trapani, Italy to Zeebrugge, Belgium. Read More »

Strong team secures Turkmenistan offshore movements

AJOT | January 03, 2011 | Breakbulk & Projects

CNC Freight Services of Malaysia, a member of the Worldwide Project Consortium WWPC, recently completed a logistics contract for a Malaysia contractor on their shipment of materials and equipments for the installation & commissioning of offshore gas pipel Read More »

Famous Pacific Shipping hits six in Australia

AJOT | January 03, 2011 | Breakbulk & Projects

Famous Pacific Shipping recently shipped six scrubber modules from the USA to Australia, working with its US agent, Oakland-based Sea Shipping Lines (SSL) Lines.

The units, moved for a major client that specialises in providing crushing equipment for Read More »

Intermax deliveries high tech welding machine from UK to China

AJOT | January 03, 2011 | Breakbulk & Projects

InterMax Logistics Solution ( ITM), a China member of the global network Cargo Equipment Experts CEE, recently accomplished the delicate transport of a high technology welding machine with Robot control integrated system delivered from the UK to Taishan, Read More »

JICT breaks 2 million TEU throughput record

AJOT | January 03, 2011 | Ports & Terminals

Jakarta International Container Terminal (”JICT”) announced that on December 19 it set a productivity record when handling its 2 millionth TEU, the figure is the terminal’s highest throughput since it commenced operations in 1999. The 2 millionth contain Read More »

ICTSI Ecuador gets eco-efficiency award

AJOT | January 03, 2011 | Ports & Terminals

Contecon Guayaquil SA (CGSA), ICTSI’s unit in Guayaquil, Ecuador recently received an honorable mention from the city of Guayaquil after the company competed for the Eco-efficiency award. The Eco-Efficiency Award is given annually to companies with best Read More »

ICTSI Georgia signs new agreement with MSC

AJOT | January 03, 2011 | Ports & Terminals

Batumi International Container Terminal (BICT), ICTSI’s terminal in Batumi, Georgia recently signed a new Terminal Services Agreement (TSA) on tariffs and streamlined terms of business with Mediterranean Shipping Company S.A. (MSC). The new TSA, aims to Read More »