Deere eyes $500 mllion investment in Russia farm boom

AJOT | April 26, 2010 | International Trade

Deere & Co, the world's largest farm equipment maker, is on track to spend $500 million building new plants in Russia and offering credit lines and other services to farmers within the next six years.

Deere Chairman and Chief Executive Samuel Read More »

WTO threat will not yield yuan rise

AJOT | April 26, 2010 | International Trade

Threatening China with WTO sanctions will not convince Beijing to revalue its currency, the European Union trade chief said following a meeting with his Chinese. Read More »

Small yuan revaluation not enough

AJOT | April 26, 2010 | International Trade

China needs to raise the value of its currency by a "significant" amount or the United States will take action, a top U.S. lawmaker in the latest sign that tensions on the yuan remain high. Read More »

India cotton seen down on export ban

AJOT | April 26, 2010 | International Trade

India's cotton prices may fall sharply after India stopped exports of the commodity last week, analysts and traders said.

India has stopped cotton exports to control soaring local prices, tightening global supplies and raising prospects of a Read More »

Humanitarian group blasts draft EU-India trade deal

AJOT | April 26, 2010 | International Trade

Humanitarian group Medecins Sans Frontieres (MSF) criticized draft provisions of a free-trade deal between the European Union and India, saying it would boost prices of drugs for India's poor. Read More »

US says protecting IP rights a top trade priority

AJOT | April 26, 2010 | International Trade

U.S. officials welcomed a new study showing the importance of innovation to U.S. economic growth and promised vigorous action to curb the huge international trade in fake and pirated goods.

"Let's be clear: IP (intellectual property) theft in Read More »

Rajesh Exports to roll out 300 retail stores

AJOT | April 26, 2010 | International Trade

Rajesh Exports Ltd , one of India's top jewellery makers and exporters, plans to open 300 retail stores in India over the next three years, and has lined up a capex of 30-40 billion rupees, a top official said.

The firm currently has 25 retai Read More »

To speed WTO bid, Russia ditches customs union idea

AJOT | April 26, 2010 | International Trade

Russia will pursue a separate bid to join the World Trade Organization, dropping its insistence on joining as a customs union with Belarus and Kazakhstan, a top Russian official said. Read More »

EU asks China to delay high-tech certification rules

AJOT | April 26, 2010 | International Trade

The European Union has asked China to further delay in the implementation of a controversial certification program for high-tech information security products. Read More »

Perishables a problem area for screening mandate

AJOT | April 26, 2010 | Air Cargo

Inefficient technologies, potential bottlenecks are the issues
The Transportation Security Administration's mandate for screening 100 percent of air cargo loaded onto passenger aircraft is now three months off and represents a major challeng Read More »

Towne Air Freight and Cathay Pacific reach agreement

AJOT | April 26, 2010 | Air Cargo

Towne Air Freight and Cathay Pacific Airways, parent company of Cathay Pacific Cargo, have come to an agreement in which Towne Network Solutions (TNS)'a wholly owned subsidiary of Towne Air Freight'will become the exclusive provider of Road Feeder Service Read More »

US Airways’ exit could aid Continental Air

AJOT | April 26, 2010 | Air Cargo

US Airways' exit from merger discussions with United Airlines has taken the pressure off Continental Airlines to make any hasty decisions about its future as a solo or merged airline. Read More »

Hactl passes daily 10,000 tons landmark with flying colors

AJOT | April 26, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) recorded the highest daily tonnage throughput ever on 23 April 2010, with a total of 10,080 tons of air cargo handled on that day, surpassing the previous historic record of 9,850 tons achieved in September 20 Read More »

Deadly new Russian weapon hides in shipping container

AJOT | April 26, 2010 | Liner Shipping

A Russian company is marketing a devastating new cruise missile system which can be hidden inside a shipping container, giving any merchant vessel the capability to wipe out an aircraft carrier.

Potential customers for the formidable Club-K s Read More »

NOL says cargo up 32%

AJOT | April 26, 2010 | Liner Shipping

Singapore's Neptune Orient Lines (NOL), the world's fourth-biggest container shipping firm, said on Monday it carried 32 percent more containers in the four weeks to April 2 from a year ago.

NOL said in a statement it carried the equivalent o Read More »

OOCL announces the launch of OOCL Carbon Calculator

AJOT | April 26, 2010 | Liner Shipping

OOCL is delighted to announce the launch of the OOCL Carbon Calculator on April 27, 2010. The calculator is designed to assist OOCL customers in measuring the carbon dioxide (CO2) emissions in their supply chain. OOCL's carbon calculator is the first emis Read More »

OT Africa Line Ship Security Surcharge

AJOT | April 26, 2010 | Liner Shipping

In order to comply with the International Ship and Port Facility Security Code [ISPS], OT Africa Line is obliged to increase the Ship Security Surcharge [SSC] as from 01/05/10 per date of B/L. Read More »

Premium Article  Delaware River Ports are full steam ahead

Karen Thuermer | April 25, 2010 | Liner Shipping | Ports & Terminals

The big news coming from port authorities along the Delaware River is: the deepening of the Delaware River has finally begun.

The deepening, which will take the Delaware River’s channel from 40 to 45 feet in depth, is a major plus for Pennsyl Read More »

Premium Article  “Pride” in Poultry Exports Hits Market Pot Holes

Karen Thuermer | April 25, 2010 | International Trade

Chicken is big business in the United States. In fact, for Pittsburg, Texas-based Pilgrim’s Pride, one of the largest chicken producers in this country, its net sales in fiscal 2009 totaled $7.1 billion.

- By Karen E. Thuermer, AJOT Read More »

Premium Article  US fish/seafood business

Karen Thuermer | April 25, 2010 | International Trade

U.S. Department of Agriculture Foreign Agricultural Service (USDA/FAS) figures for U.S. fishery products are dated. For 2007, for example, it indicated that the European Union was the biggest market for these products, accounting for 26 percent of the mar Read More »