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US, Brazil hit on pragmatic fix to WTO cotton spat

AJOT | April 11, 2010 | International Trade

The United States headed off a move by Brazil to impose penalties on a wide range of U.S. goods by offering concessions on a export loan guarantee program and said it would try to negotiate an end to a long-standing trade spat over cotton. Read More »

Burundi needs $5.8 blllion for infrastructure

AJOT | April 11, 2010 | International Trade

Burundi needs $5.8 billion for infrastructure such as telecommunications, electricity and transport projects over the next two decades, a study by the government and African Development Bank (AfDB) showed.

The tiny central African nation is r Read More »

Yuan revaluation “China’s choice”

AJOT | April 11, 2010 | International Trade

U.S. Treasury Secretary Timothy Geithner said he was confident that China would see that it is in its own interest to make the yuan more flexible, while Beijing stoutly defended its currency policy.

Geithner, who said global economic recovery Read More »

Brazil scraps import tariff on ethanol biofuel

AJOT | April 11, 2010 | International Trade

Brazil, the world's No. 2 producer of ethanol, has scrapped a tariff on imports of the biofuel in an effort to pressure other countries to eliminate their own duties on it and enable it to export more. Read More »

US ITC declines to reconsider Whirlpool loss to LG

AJOT | April 11, 2010 | International Trade

Whirlpool Corp , the world's top appliance maker, lost a round in a patent fight with LG Electronics Inc as the companies battle for the premium U.S. appliance market. Read More »

Manila blocks US request for WTO alcohol tax probe

AJOT | April 11, 2010 | International Trade

The Philippines blocked a U.S. request for a World Trade Organization panel to investigate its alcohol taxes that Washington says discriminate against Jack Daniel's, Jim Beam and other American brands. Read More »

China provides Indonesia with infrastructure loans

AJOT | April 11, 2010 | International Trade

China has agreed to lend at least $1.8 billion in soft loans to Indonesia as part of its free trade agreement with the 10-member Association of South East Asian Nations (ASEAN), a minister said. Read More »

US eyes options in

AJOT | April 11, 2010 | International Trade

The United States is trying to find a way to comply with a World Trade Organization ruling against its anti-dumping procedures without damaging its ability to curb unfairly traded imports, a top U.S. trade official said. Read More »

EU rejects China complaint at WTO over shoe duties

AJOT | April 11, 2010 | International Trade

The European Commission rejected a complaint by China to the World Trade Organization that the EU executive's anti-dumping tariffs on imports of certain Chinese-made shoes breached WTO rules. Read More »

Atlas Air says cargo demand rising

AJOT | April 11, 2010 | Air Cargo

Cargo carrier Atlas Air Worldwide Holdings said the global air freight market was continuing to recover, aided by an improving economy.

"What we're seeing is pretty strong consistent demand improvement," Atlas Chief Executive William Flynn to Read More »

BA seals long-awaited Iberia deal

AJOT | April 11, 2010 | Air Cargo

British Airways and Spain's Iberia signed an $8 billion merger to create the world's third-largest airline, bringing a three-way tie-up with American Airlines a step closer.

The deal between BA and Iberia, which the pair hope to complete by D Read More »

AirBridgeCargo wins ‘Wings of Russia’ national award

AJOT | April 11, 2010 | Air Cargo

AirBridgeCargo Airlines (ABC) has won the top 'Cargo Carrier of the Year on International and Domestic Routes' award for the second consecutive year at the annual Wings of Russia National Award Ceremony held in Moscow.

Volga-Dnepr Airlines al Read More »

Air France-KLM March traffic rises

AJOT | April 11, 2010 | Air Cargo

Cargo, which closely tracks trends in the economy, saw a 2.1 percent rise in traffic on 11.8 percent lower capacity.

The load factor -- or proportion of available space sold in passenger jet cargo holds and dedicated freighters -- rose by 9.9 Read More »

TIACA calls for review of proposed new laws on carriage of lithium batteries by air cargo

AJOT | April 11, 2010 | Air Cargo

TIACA is calling for modifications to changes proposed by the US government to the way lithium batteries are carried onboard aircraft, warning it will have a significant impact on not only the air cargo sector but also manufacturers, retailers and consume Read More »

UAL pilots attack US Airways merger prospect

AJOT | April 11, 2010 | Air Cargo

United Airlines' pilots union lashed out against efforts to merge the airline with US Airways Group , underscoring the challenges facing decade-old attempts to unite the carriers.

Tough antitrust enforcement could also pose another stumbling Read More »

AirBridgeCargo adds 5th Boeing 747-400F

AJOT | April 11, 2010 | Air Cargo

AirBridgeCargo Airlines (ABC), the scheduled cargo subsidiary of Volga-Dnepr Group and Russia's largest international cargo carrier, has added a fifth Boeing 747-400 Freighter to its fleet.

This latest investment increases the airline's total Read More »

Cargo expension at Budapest

AJOT | April 11, 2010 | Air Cargo

After around two and a half years of negotiation, the Regulation Plan was finally approved, opening the door for major development of the cargo facilities at Budapest Airport. The plan, in fact, constitutes the approval of the surrounding community, to al Read More »

Volga-Dnepr plays key role in Haiti relief program

AJOT | April 11, 2010 | Air Cargo

Volga-Dnepr Airlines has completed 42 humanitarian aid flights to Haiti as foreign governments continue to pour help into the country to support victims of the devastating earthquake that hit the capital Port-au-Prince and nearby areas in January.
Read More »

MOL completes concept for series of new generation vessels

AJOT | April 11, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the completion of the concept for its third in a series of next-generation vessels, which will be technically practical in the near future. The latest concept is for an environment-friendly, large-scale iron ore carrier Read More »

Diana Shipping announces completion of investment in new containership project

AJOT | April 11, 2010 | Liner Shipping

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has completed its investment of US$50 million in the previously announced new project involving a company formed for the purpose of in Read More »

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