Direct West Coast of South America Service begins at the Port of Halifax

AJOT | December 12, 2010 | Ports & Terminals

CMA CGM's expanded Black Pearl service will inaugurate weekly and direct container service to ports in Panama, Ecuador, Peru and Chile from the South End Container Terminal, operated by Halterm Container Terminal Limited, at the Port of Halifax. Read More »

Statistics on vessels, port cargo and containers for the 3rd quarter

AJOT | December 12, 2010 | Ports & Terminals

In the third quarter of 2010, Hong Kong’s total port cargo throughput increased by 5% compared with a year earlier to 67.8 million tons. Within this total, inward and outward port cargo rose by 8% and 2% to 39.1 million tons and 28.7 million tons respect Read More »

Petrobras to build ports, heliports for offshore boom

AJOT | December 12, 2010 | Ports & Terminals

Brazilian state oil company Petrobras plans to build three ports and three heliports to provide logistical support for its expanding deepwater oil operations, a company official said. Read More »

Port of Long Beach, Panama Canal Authority sign accord

AJOT | December 12, 2010 | Ports & Terminals

Officials from the Port of Long Beach and the Panama Canal Authority on Tuesday, December 7, agreed to a series of efforts to promote more trade between Latin America and the U.S.

With the signing of a Memorandum of Understanding, the two authorities Read More »

Columbia River coal dock

AJOT | December 12, 2010 | Ports & Terminals

The first U.S. major coal terminal to open on the U.S. West Coast has received preliminary approval by the Cowlitz County, WA, Board of Commissioners. The approval will allow Millennium Bulk Logistics Inc., owned by Australian – based Ambra, to undertake Read More »

Mica selected Chairman of Transportation and Infrastructure Committee

AJOT | December 12, 2010 | Intermodal

U.S. Rep. John L. Mica (R-FL) was confirmed by vote of the House Republican Conference to serve as Chairman of the Committee on Transportation and Infrastructure in the 112th Congress.

Mica will be Florida's first full Transportation Committee Chairma Read More »

Zepol reports November containerized imports fall

AJOT | December 12, 2010 | International Trade

Zepol Corporation, the leading trade intelligence company, reports that import shipment volume for November, measured in TEUs, decreased 0.92% from October and increased 14.23% over November 2009. The total number of shipments rose slightly at 0.20% from Read More »

PepsiCo eyes East European expansion in dairy

AJOT | December 12, 2010 | International Trade

PepsiCo , which last week struck a $3.8 billion deal to buy Russia's Wimm-Bill-Dann, plans to expand further on the East European dairy market, including via acquisitions, a senior executive said.

Ramon Laguarta, President of PepsiCo Eastern Europe, t Read More »

Obama pushes export reforms, eyes Russia in WTO

AJOT | December 12, 2010 | International Trade

U.S. President Barack Obama voiced strong support for Russian membership in the World Trade Organization as he laid out an overhaul of export controls to help U.S. high-tech firms increase foreign sales.

Obama aims to double U.S. exports within five y Read More »

South Korea and Malaysia eye free trade pact

AJOT | December 12, 2010 | International Trade

South Korea and Malaysia may enter a free trade pact as they look to double trade in five years, the two countries said.

"We managed to achieve a tremendous amount of bilateral trade, in the figure of $16 billion (this year), and in the next five year Read More »

US labor group to oppose Obama on South.Korea trade

AJOT | December 12, 2010 | International Trade

The largest U.S. labor organization said it will fight President Barack Obama on a free trade deal with South Korea, despite changes his administration made to the pact to broaden support.

The revised deal still fails to meet the AFL-CIO's requirement Read More »

Panasonic eyes growth in washing machine sales

AJOT | December 12, 2010 | International Trade

Panasonic Corp is aiming to grow 30 percent in washing machines sales in fiscal 2012 from 2009 standards by expanding its product line-up priced for middle-income households in emerging markets, the Nikkei said.

The company targets sales of 5.3 millio Read More »

Mitsubishi invests $535 mlllin to make new car in Thailand

AJOT | December 12, 2010 | International Trade

Mitsubishi Motors Corp said it would spend 16 billion baht ($535 million) to build its new "Global Small" car in Thailand, announcing a new factory with initial capacity of 150,000 cars a year.

The plant, the Japanese automaker's third in Thailand and Read More »

Israel relaxes Gaza grip, permitting exports

AJOT | December 12, 2010 | International Trade

Israel announced a further relaxation of its blockade of the Hamas-ruled Gaza Strip, saying exports of manufactured goods would now be permitted in a move that major powers welcomed as significant.

Prime Minister Benjamin Netanyahu's office said Israe Read More »

EU and India resolve dispute over generic drugs

AJOT | December 12, 2010 | International Trade

The European Union and India said they had resolved a dispute over generic drugs in which was referred to the World Trade Organisation last year. Indian Trade and Industry Minister Anand Sharma told Reuters the EU's trade chief, Karel De Gucht, had told I Read More »

Consumer sentiment, trade point to firmer US recovery

AJOT | December 12, 2010 | International Trade

U.S. economic data painted a picture of a firming recovery as consumer confidence rose to its highest level in six months and the country's trade deficit narrowed much more than expected.

Consumer sentiment in December rose to its highest level since Read More »

Record US soybean exports, up 20 mlllion, to 1.59 billion bushels

AJOT | December 12, 2010 | International Trade

U.S. soybean exports will surge to a record 1.59 billion bushels this marketing year, led by sales to China, the No 1 importer, the government forecast, the fourth consecutive month it has raised the export figure.

The Agriculture Department said reco Read More »

Canada trade deficit down, surplus with US shrinks

AJOT | December 12, 2010 | International Trade

The Canadian trade deficit was smaller than expected in October, with stronger international exports of industrial goods and materials helping to overcome a shrinking surplus with the United States, by far Canada's largest trading partner.

The deficit Read More »

Diageo in talks to buy Turkey’s Mey Icki

AJOT | December 12, 2010 | International Trade

Diageo is in preliminary talks to buy Turkish spirits company Mey Icki, people familiar with the matter said, as part of the push by the world's biggest drinks company into high-growth emerging markets.

Diageo has expressed interest and could pay up t Read More »

Panasonic cautious on US, Europe holiday sales

AJOT | December 12, 2010 | International Trade

Consumer electronics maker Panasonic Corp said it sees no strong recovery in year-end sales in North America and Europe, but expects to pull its loss-making TV unit into the black in the January-March quarter.

Panasonic's president, Fumio Ohtsubo, als Read More »