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Saudi Arabia completes most of bauxite ore railway

AJOT | July 11, 2010 | Intermodal

Saudi Arabia has completed two thirds of a planned railway to transport phosphate and bauxite ore needed for a $10.8 billion project by miner Maaden and U.S. firm Alcoa , state news agency SPA said. Read More »

Growing freight demands reaching transportation crisis

AJOT | July 11, 2010 | Intermodal

In 10 years, an additional 1.8 million trucks will be on the road; in 20 years, for every two trucks today, another one will be added. Already bottlenecks on major highways used by truckers every day are adding millions of dollars to the cost of food, go Read More »

Greenbrier posts surprise Q3 profit

AJOT | July 11, 2010 | Intermodal

Railroad equipment supplier Greenbrier Cos Inc posted a surprise third-quarter profit, helped by lower costs and higher margin, sending its shares up as much as 18 percent.

The company said revenue would continue to be lower in 2010 compared Read More »

YRC must pay bondholders court rules

AJOT | July 11, 2010 | Intermodal

A federal court has ordered struggling U.S. trucker YRC Worldwide to pay bondholders who opted out of a debt-for-equity exchange last year that kept YRC out of bankruptcy court. Read More »

US current, proposed law on currency manipulation

AJOT | July 11, 2010 | International Trade

The U.S. Treasury Department is expected to again decline to name China a currency manipulator in a long-delayed report that will likely anger congressional critics of Beijing's policies.

The report was due April 15 but was delayed until afte Read More »

Obama: will use every tool to ensure fair play for US trade

AJOT | July 11, 2010 | International Trade

President Barack Obama said he would fight to ensure U.S. exporters had a level playing field to compete for world trade, and named China as a vital market where Americans were keen to sell. Read More »

Trade spats cloud new phase of ex-Soviet customs pact

AJOT | July 11, 2010 | International Trade

Russia, Belarus and Kazakhstan announced the launch of the second stage of a customs union that could pave the way for an unprecedented joint accession bid to the World Trade Organization. Read More »

NZ wine industry targets China for growth

AJOT | July 11, 2010 | International Trade

New Zealand wine makers are racing against rivals to stake a spot in what is set to be the world's fastest growing market - China. The Chinese market for grape-based wines is currently small but expected to grow rapidly, fuelled by the fast-growing middle Read More »

China makes haste slowly globalising the yuan

AJOT | July 11, 2010 | International Trade

Each journey of a thousand miles begins with a single step. Yet for the trek of turning the yuan into a global currency, China is only just lacing up its boots.

According to this sceptical line of thinking, it will take Beijing a generation t Read More »

U.S. on track to double exports in 5 years

AJOT | July 11, 2010 | International Trade

The United States is on track to double its exports within five years, President Barack Obama said, as he fills out a high-powered private sector council to help reach that goal.

"At a time when jobs are in short supply, building exports is a Read More »

China signals OK for Taiwan FTAs

AJOT | July 11, 2010 | International Trade

China has signalled it is finally willing to let Taiwan negotiate trade pacts with the outside world, a senior Taipei official said, a move that could give a major lift to the island's economy.

China, which claims the self-ruled island as its Read More »

Emirates SkyCargo sees e-Freight climb above one million kilos a month

AJOT | July 11, 2010 | Air Cargo

Emirates SkyCargo's status as a leading innovator was confirmed this week as total shipments of e-freight ' paperless cargo consignments ' reached the one million kilos a month milestone. It also passed the 16 million kilo mark in total e-freight shipment Read More »

Hactl announces tonnage throughput for the first half of 2010

AJOT | July 11, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) released its tonnage figures for June, the second quarter and the first half of 2010.

A total of 245,352 tons were handled in June, up 30.5% year-on-year. Tonnage throughput for the second quarter Read More »

New MD doe Coyne Airways in Dubai

AJOT | July 11, 2010 | Air Cargo

Coyne Airways has appointed Darrin Quern as Managing Director of its hub operation in Dubai.

He began his aviation career with Northwest Airlines where he spent 14 years in ground operations, capacity planning and latterly as manager f Read More »

CMA CGM Group takes delivery of two new vessels

AJOT | July 11, 2010 | Liner Shipping

The CMA CGM Group announced the delivery of the CMA CGM LAMARTINE (6,500 TEU) and CMA CGM CALLISTO (11,400 TEU) in South Korea.

Built by Hanjin Heavy Industries and Construction Co shipyards, the CMA CGM LAMARTINE (6 500 TEU) is deployed on t Read More »

Second string boost for Asia/East Coast South America service

AJOT | July 11, 2010 | Liner Shipping

Safmarine has confirmed it will soon be offering its customers additional space on the Asia-East Coast South America (ASAS) service.

This follows an announcement that the ASAS service will be upgraded to cater for peak season demand. The se Read More »

Rickmers christens four containership

AJOT | July 11, 2010 | Liner Shipping

Combined capacity of 52,400 TEU during a ceremony at the HHI Ulsan shipyard
Even for Hyundai Heavy Industries (HHI), the world's largest shipyard group, it was a remarkable occasion. In a quadruple naming ceremony at HHI's Ulsan shipyard on Read More »

APL to provide shipboard training to Sri Lankan cadets

AJOT | July 11, 2010 | Liner Shipping

Container shipping line APL has begun training cadets at sea in an effort to tap into the strong pool of graduates from Sri Lanka's top maritime training academies. Read More »

Hindustan Cargo handles 2,560 ton submarine

AJOT | June 30, 2010 | Breakbulk & Projects

Hindustan Cargo, a WWPC Member in India, along with Rolldock Shipping B.V. of Capelle a/d Ijssel, loaded a 2,560 ton Submarine piece with cradles. This business was won in a tender floated by the Indian Ministry of Defence. The cargo, was shipped fro Read More »

Dry bulk freight rates to stay under pressure

AJOT | June 30, 2010 | Breakbulk & Projects

Dry bulk fleet growth will keep freight rates under pressure into 2011 although there will be seasonal spikes, senior officials with leading ship broker Clarksons said. Dry bulk freight rates have weakened in recent weeks due to softer demand by China for Read More »

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