Russia to cut poultry import quotas in ‘11

AJOT | November 21, 2010 | International Trade

Russia will reduce its quota for poultry meat imports in 2011 to boost local production while keeping quotas for imports of beef and pork unchanged, the head of Russia's Meat Union said.

The quota for poultry imports may be slashed to 400,000 Read More »

Indian spirits tax holds up trade talks with EU

AJOT | November 21, 2010 | International Trade

European Union demands that India open its doors to European whisky and vodka are among the factors holding up a free-trade agreement between the two powerhouses, EU spirits producers.

A wide-ranging EU-India trade agreement was supposed to be sealed Read More »

Countries finalize anti-counterfeit trade pact text

AJOT | November 21, 2010 | International Trade

Negotiators from nearly 40 countries have finalized the text of an international agreement to help fight the growing trade in fake and pirated goods, the European Commission and the United States said.

The negotiators settled a handful of differences Read More »

Thai trade slower than expected as baht rises

AJOT | November 21, 2010 | International Trade

Thai exports and imports grew at a slower pace than expected in October, data showed on Friday, suggesting the baht's strength may have started to hurt shipments and that a further slowdown might loom ahead.

Weaker trade data supported a view Read More »

Trade ties bind Britain closely to Ireland’s fate

AJOT | November 21, 2010 | International Trade

Neighbouring Ireland remains one of Britain's largest export markets despite efforts to woo the big emerging economies, a factor that could draw the British into efforts to prop up the Irish economy.

Finance minister George Osborne has so far Read More »

US Congress must act on China trade policies

AJOT | November 21, 2010 | International Trade

U.S. policymakers must use all available tools to address Chinese currency, trade and industrial policies that harm American interests, a congressional advisory body said. Read More »

Frontier Airlines signs 3-year pact for Cargo Data Management’s web-based cargo system

AJOT | November 21, 2010 | Air Cargo

Cargo Data Management announced that it is planning to install and implement their hosted, browser-based booking, tracking, and cargo revenue accounting system at Frontier Airlines. The two companies have signed a three-year contract for the hosted, integ Read More »

Canada signs Qatar air deal as UAE spat simmers

AJOT | November 21, 2010 | Air Cargo

Canada and Qatar have signed an air services agreement that will allow direct scheduled flights between the two countries for the first time, Canadian officials said. Read More »

Towne Air Freight acquires HBI Freight

AJOT | November 21, 2010 | Air Cargo

Towne Air Freight (Towne) announced that the company has acquired HBI Freight, Inc. (HBI), one of the largest full-service air cargo and home delivery trucking companies on the eastern seaboard. Towne will integrate HBI into its nationwide operation furth Read More »

US indicts 3 ex-executives of Japanese airlines

AJOT | November 21, 2010 | Air Cargo

A former executive of Japan Airlines International and two former executives of Nippon Cargo Airlines were indicted on Tuesday for allegedly participating in a global air cargo price-fixing conspiracy, the Justice Department said. Read More »

PANYNJ debt for JFK IAT LLC project rated ‘BBB-’ on fundamental demand for facility

AJOT | November 21, 2010 | Air Cargo

Standard & Poor's Ratings Services has assigned its 'BBB-' long-term rating on the Port Authority of New York and New Jersey's (PANYNJ or the authority) series 8 special project bonds, issued on behalf of John F. Kennedy International Air Terminal LLC (JF Read More »

Maersk 500 mlllion euro bond pulls in 1.6 blllion euro orders

AJOT | November 21, 2010 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk sold 500 million euros ($698.5 million) of new seven-year bonds in an oversubscribed offering that was part of a policy to diversify its funding.

The 2017 bond, only Maersk's third corporate bo Read More »

CMA CGM extends its Black Pearl Service to the West Coast of South America

AJOT | November 21, 2010 | Liner Shipping

The CMA CGM Group is pleased to announce the extension of its Black Pearl service to the West Coast of South America (Ecuador, Peru, Panama and Chile). This upgrade comes as a response to a growing market demand for exports between the US and the West Coa Read More »

ECU LINE starting a new direct service ex Warchau to Far East

AJOT | November 21, 2010 | Liner Shipping

In line with the expectations of ECU LINE POLAND to become a leading NVOCC in the Polish market in the next two years , ECU LINE POLAND has taken the necessary steps to secure its presence on the market for future developments.

ECU LINE POLA Read More »

Nickel ore cargoes pose risk to ships

AJOT | November 15, 2010 | Breakbulk & Projects

Nickel ore shipments should be tested by independent surveyors before being loaded to avoid the risk that a vessel transporting the material could capsize, a trade association said on Friday. A cargo ship carrying 55,000 tons of nickel ore from Indonesia Read More »

Rickmers-Linie ships Kirow railway cranes 
to China

AJOT | November 15, 2010 | Breakbulk & Projects

Extraordinary shipments are a common sight at the Wallmann terminal in Hamburg. The breakbulk terminal, in which Rickmers-Linie holds a share of just over 25 per cent, specializes in the handling of out-of-gauge, heavy lift and project cargo. At the end o Read More »

Diana Shipping Q3 results beat Street view

AJOT | November 15, 2010 | Breakbulk & Projects

Greek drybulk carrier Diana Shipping Inc's quarterly results beat analysts' estimates for the third consecutive time, helped by higher voyage revenue. Read More »

SC Ports maintains strong financial ratings from S&P, Moody’s

AJOT | November 15, 2010 | Ports & Terminals

Two of the top credit reporting agencies have affirmed the South Carolina State Ports Authority’s (SCSPA) solid financial position, citing strong financial management, high debt service coverage and competitive advantages relative to other ports in the re Read More »

RTISA attends the 7th Plenary Session of The Contact Group on Piracy off the Coast of Somalia

AJOT | November 15, 2010 | Ports & Terminals

The international shipping industry last week gave the UN Contact Group on Piracy off the Coast of Somalia an insight into industry-wide activity in support of deterring and defeating piracy off Somalia and in the wider Arabian Sea. The presence of indus Read More »

GPA posts best month ever for containers and tonnage

AJOT | November 15, 2010 | Ports & Terminals

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced today the GPA experienced exceptional growth in October, reflecting several all-time records in many commodity segments. Overall tonnage recorded a new monthly record handling 2, Read More »