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Global crisis to hurt trade for up to 2 years

AJOT | April 18, 2010 | International Trade

Global trade will face lingering protectionism for up to two years, as the job market reels from the global financial crisis, World Trade Organization Director-General Pascal Lamy said. Read More »

Imports of risky goods in EU hit record in 2009

AJOT | April 18, 2010 | International Trade

The number of dangerous consumer products entering the European Union, including toys and clothes, rose to a record level in 2009 and 60 percent of them came from China, the bloc said.

A report by the executive European Commission's rapid ale Read More »

Airline mergers would dwarf solo-flyer Continental

AJOT | April 18, 2010 | Air Cargo

A merger between United Airlines and US Airways would leave Continental Airlines in a tough spot, facing what some analysts called bleak prospects of flying solo among far-larger rivals.

If United, a unit of UAL Corp, and US Airways merged, t Read More »

Airline consolidation no silver bullet says AMR CEO

AJOT | April 18, 2010 | Air Cargo

Consolidation is no "silver bullet" for what ails the airline industry, but mergers are inevitable and the business would benefit from a smaller number of carriers, the chief executive of American Airlines parent AMR Corp.

Speaking at a media Read More »

Leisure Cargo Spain focuses on USA for new Air Europa flights

AJOT | April 18, 2010 | Air Cargo

Air Europa, Spain's second largest carrier, has started four-times-weekly flights from Madrid to Miami, with connections to several destinations in the USA, Central America and the Caribbean.

The new service, employing A330-200 aircraft with Read More »

Air France-KLM March cargo increases 2.1 pct

AJOT | April 18, 2010 | Air Cargo

Air France-KLM 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 Read More »

China Southern sees better 2010, gains from yuan rise

AJOT | April 18, 2010 | Air Cargo

China Southern Airlines, the country's top carrier by fleet size, sees double-digit growth in passenger and cargo volumes this year and will benefit from a rising Chinese yuan, senior executives said.

"The market this year is definitely bette Read More »

Korean Air profit soars; sees record earnings in Q3

AJOT | April 18, 2010 | Air Cargo

Korean Air Co. expected to beat its 2010 profit target on growing shipments of technology products, increased transit passenger numbers and plans to boost international routes.

The top airliner in South Korea predicted its July-September prof Read More »

Labor strife clouds possible USAir/United merger

AJOT | April 18, 2010 | Air Cargo

Dissatisfied pilots and other workers would be the biggest obstacle to the success of any merger that may follow talks between United Airlines, a unit of UAL Corp. and US Airways.

Labor and industry analysts and other experts are scratching Read More »

IATA chief says more airline mergers a must

AJOT | April 18, 2010 | Air Cargo

Further mergers among airlines are essential in order to cut costs and improve competitiveness in an industry seen sustaining combined losses of $2.8 billion this year, the head of airline industry body IATA said.

"Mergers and consolidation i Read More »

Branson slams EU Commission over tie-up

AJOT | April 18, 2010 | Air Cargo

The founder of Virgin Group , Richard Branson, has slammed the European Commission's handling of a proposed tie-up between British Airways and American Airlines in an interview. Read More »

United Air at center of potential merger hookups

AJOT | April 18, 2010 | Air Cargo

United Airlines is now in separate merger talks with Continental Airlines Inc and US Airways Group Inc for the second time in two years as carriers feel pressure to further cut capacity, build revenue and accelerate the industry's recovery.

W Read More »

AirBridgeCargo fleet grows to 9 freighters with 2 new B747-400

AJOT | April 18, 2010 | Air Cargo

Less than two weeks after taking delivery of its fifth Boeing 747-400, AirBridgeCargo Airlines (ABC), the scheduled cargo subsidiary of Volga-Dnepr Group and Russia's largest international cargo carrier, has added a sixth B747-400ERF, increasing its total Read More »

Hactl announces throughput for the first quarter of 2010

AJOT | April 18, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage throughput for March and the first quarter of 2010. A total of 244,087 tons were handled in March, representing a year-on-year growth of 30.8%. Tonnage throughput in the last week of Mar Read More »

INTTRA launches ocean freight electronic invoice presentment and payment with CMA CGM and . . .

AJOT | April 18, 2010 | Liner Shipping

As announced at Containerization International's Global Liner Shipping Conference, INTTRA, the leading global provider of e-commerce solutions to the ocean freight industry, confirmed the launching of the first ocean freight invoice transmitted via INTTRA Read More »

COSCO cautiously starts capacity restoration on CEN servive

AJOT | April 18, 2010 | Liner Shipping

COSCO Container Lines will restore capacity on their CEN service by bringing back six 7500 TEU vessels to replace the six current 5500 TEU vessels, starting April 24th; the phase in will be completed by the end of May. Along with restoring capacity on thi Read More »

OOIL says Q1 container shipping revenue up 18.9%

AJOT | April 18, 2010 | Liner Shipping

Orient Overseas (International) Ltd (OOIL) said revenue from its container shipping unit increased 18.9 percent in the first quarter of 2010 as global trade continued to recover. Read More »

‘K’ Line and Mitsui-OSK Line announce enhanced Asian service for Halifax

AJOT | April 18, 2010 | Liner Shipping

'K' Line, Hanjin Shipping, Yang Ming Line and COSCO Container Line, members of the CKYH Alliance, in cooperation with Mitsui O.S.K. Lines (MOL) will launch a Pearl River ' Southeast Asia ' Suez Canal express service in mid May with the Port of Halifax as Read More »

UASC Secures Multi-Currency Ship Financing of US$2

AJOT | April 18, 2010 | Liner Shipping

United Arab Shipping Company (UASC) has concluded a multi-currency US$275 million term loan facility on a 'club deal' basis. The funds have been secured to finance UASC's acquisition of three A13 type container vessel new buildings, each with a capacity o Read More »

PIL and Wan Hai resume Far East’Northern Europe service

AJOT | April 18, 2010 | Liner Shipping

The two container shipping companies PIL Pacific International Lines (Singapore) and Wan Hai Lines (Taiwan) have resumed operation of their FES scheduled container liner service from the Far East to northern Europe. Read More »

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