Embraer to sell 10 commercial jets to China’s CDB

AJOT | January 11, 2011 | International Trade

Brazilian aircraft maker Embraer agreed to sell 10 of its best-selling commercial aircraft to the leasing unit of China Development Bank, in a deal that could be valued at about $400 million at current market prices.

Deliveries are expected to begin i Read More »

Norway eyes trade deal with China in 2011

AJOT | January 11, 2011 | International Trade

Norway hopes to iron out a free-trade agreement with China during 2011, its trade and industry minister said after a $2 billion sale of a Norwegian silicon producer to a Chinese company. "We have the ambition to land the trade deal during 2011," Trond Gis Read More »

US business group urges gradual change in China yuan

AJOT | January 11, 2011 | International Trade

The United States should not press China for an immediate sharp rise in the value of its yuan currency because that could be bad for both countries, the leader of a top U.S. business group said. Read More »

Zepol releases 2010 US export review

AJOT | January 11, 2011 | International Trade

Zepol Corporation, the leading trade intelligence company, announced the release of a report today analyzing recent export trends for 29 major U.S. industries. This report provides detailed information on 3-digit NAICS (North American Industry Classificat Read More »

US senators doubt WTO would uphold US ethanol tariff

AJOT | January 11, 2011 | International Trade

U.S. senators John McCain and John Barrasso said the extension of U.S. ethanol subsidies and a tariff on imports is likely illegal under international trade rules, lending some support to Brazil's opposition to U.S. ethanol policy.

"I believe the WTO Read More »

UPS, FedEx subject of U.S. antitrust inquiry

AJOT | January 11, 2011 | Air Cargo

United Parcel Service Inc and FedEx Corp are under scrutiny from the U.S. Justice Department over whether they broke antitrust law by trying to shut out bargain-hunting shipping consultants.

The department is focusing on whether the two largest packag Read More »

ECS Group plans more global expansion in 2011

AJOT | January 11, 2011 | Air Cargo

ECS Group, already one of the world's largest GSSA organizations, plans to increase its global network in 2011 with five new offices in the Far East as well as India and further expansion of its presence in Africa.

The ECS network already incorporates Read More »

CSAV service adds new call at Port of Savannah

AJOT | January 11, 2011 | Liner Shipping

Georgia Ports Authority's (GPA) Executive Director Curtis J. Foltz announced that the CSAV America Express (AMEX) all-water service has added the Port of Savannah to its rotation.

'We appreciate CSAV's confidence in our ability to handle its container Read More »

Boxship profits seen hit by market share fight

AJOT | January 11, 2011 | Liner Shipping

A fight for market share between container shipping lines is denting rates and profits, and a lack of capacity discipline could knock earnings below current estimates, shipping consultants Drewry said.

The global shipping industry rebounded in 2010 fr Read More »

Shipping Corp to raise piracy surcharge to $80-$160

AJOT | January 11, 2011 | Liner Shipping

Shipping Corporation of India will increase piracy surcharge from $40-$80 to $80-$160 from Jan 15, 2011, it said in a statement.

The move is aimed at offsetting additional operational costs, it added. (Reuters) Read More »

Panamax rates to stay soft as floods weigh

AJOT | January 09, 2011 | Breakbulk & Projects

Freight rates for panamax bulk carriers on key Asian routes are expected to remain under pressure as record floods in Australia continue to hamper coal shipments and disrupt dry bulk flows.

The floods have forced 75 percent of Queensland's coal mines, Read More »

PD Ports reaches major milestone at Teesport and Progresses with major expansion works

AJOT | January 09, 2011 | Ports & Terminals

PD Ports has announced it has reached another major milestone at Teesport – handling its 150,000 container through its container terminals for the first time in history within a calendar year.

Frans Calje, PD Ports MD Unitised, said: “To have reached Read More »

Dutch chemicals fire disrupts shipping

AJOT | January 09, 2011 | Ports & Terminals

A huge fire broke out at an industrial park near Rotterdam last week, setting off chemical explosions, releasing toxic smoke and disrupting shipping between the country's second-biggest city and Antwerp.

The fire started at a Chemie-Pack chemical plan Read More »

South.Africa coal ships delayed, rain hits Natal

AJOT | January 09, 2011 | Ports & Terminals

South Africa has joined coal exporters facing shipment delays after three derailments on the line from mines to Richards Bay Coal Terminal (RBCT) brought stocks there to very low levels, industry sources said.

The delays to South African shipments, th Read More »

Ports of LA and Long Beach to test new technology to cut vessel emissions

AJOT | January 09, 2011 | Ports & Terminals

An innovative air pollution-reduction device called the “seawater scrubber” will be tested for the first time on a container ship visiting Southern California in a $3.4 million project co-sponsored by the ports of Los Angeles and Long Beach and starting i Read More »

Richards elected chairman of Port of Palm Beach District Commissioners

AJOT | January 09, 2011 | Ports & Terminals

Riviera Beach attorney Wayne M. Richards is the new chairman of the Port of Palm Beach District Board of Commissioners on Jan. 4th to a one-year term in that post by fellow members of the five-member port board.

“As custodians of the public trust of t Read More »

New Subaru facility rolls into Rivergat

AJOT | January 09, 2011 | Ports & Terminals

It is already Portland's largest industrial park with more than 12 million square feet of buildings, and Rivergate Industrial District is about to add another 413,000 square feet with a new auto parts distribution facility, service training center and reg Read More »

Bustle re-elected Chairman of Manatee County Port Authority

AJOT | January 09, 2011 | Ports & Terminals

Fellow members approved the re-election of Larry Bustle as 2011 chairman of the Manatee County Port Authority during their meeting Dec. 16.

Bustle served as the 2010 port authority chairman and was elected to the Manatee County Board of County Commiss Read More »

Rotterdam port: govenment must fix infrastructure

AJOT | January 09, 2011 | Ports & Terminals

The Dutch government must address infrastructure problems and other bottlenecks around Rotterdam port, Europe's biggest, that threaten its growth, the head of the port said.

The port is investing 4 billion euros ($5.26 billion) over the next few years Read More »

Singapore’s PSA says 2010 container volume up 14.4%

AJOT | January 09, 2011 | Ports & Terminals

Singapore port operator PSA International said its container cargo volume rose by 14.4% in 2010 from a year earlier, as global trade recovered. Read More »