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NOL Group adds two 10,700-TEU vessels to new ship order

AJOT | August 17, 2010 | Liner Shipping

Global shipping and logistics company NOL Group today finalized an order to build two new 10,700-TEU (twenty-foot-equivalent unit) container ships for delivery in 2012. These two vessels are part of a 12-ship order valued at US$1.2 billion to be built by Read More »

Premium Article  The U.S.-China

Peter Buxbaum | August 15, 2010 | International Trade

Chinese companies won a recent law suit but Commerce, Congress still want to get tough
President Barack Obama promised to get tough with China on trade earlier this year, particularly on the issue of China's artificial currency valuation. Bu Read More »

Premium Article  China: no longer only a low-cost haven

Peter Buxbaum | August 15, 2010 | International Trade

The costs of Chinese goods are increasing, but so also are quality and the expertise of manufacturers.
Sourcing products from China used to be motivated by a singular consideration: lower costs. That motivation is still present, despite comp Read More »

Premium Article  Hong Kong sees retail exports improving

George Lauriat | August 15, 2010 | International Trade

Despite figures released by the U.S. government on August 5 that indicate a slow recovery based on continuing low unemployment, the view from Hong Kong is that the exportation of retail goods from China is improving.

“We definitely see a reb Read More »

Premium Article  CEBA offers free trade benefits between Hong Kong and Mainland China

Karen Thuermer | August 15, 2010 | International Trade

By Karen E. Thuermer, AJOT
Hong Kong continues to enter a new phase of economic cooperation with Mainland China. With the conclusion and implementation of the Closer Economic Partnership Arrangement (CEPA) by Hong Kong and Mainla Read More »

India to levy 10% import tax on power gear

AJOT | August 15, 2010 | Breakbulk & Projects

India will impose a 10 percent import tax on power equipment for big projects within weeks to help level the playing field between domestic and foreign firms jostling in what may soon be the world's biggest market.

The tax would reverse a pol Read More »

Shippers see boon from Russia grain export ban

AJOT | August 15, 2010 | Breakbulk & Projects

Russia's grain export ban is set to increase shipping activity and support freight rates as buyers source requirements from longer haul destinations including the United States and Australia, shippers say.

In response to its worst heat wave s Read More »

Spotlight on Chinese walls in LME warehouses

AJOT | August 15, 2010 | Breakbulk & Projects

Fears of sensitive information seeping through Chinese walls has resurfaced after the recent purchase of London Metal Exchange registered warehouses by a major trader, but that concern is not universal.

Motives for buying warehouses include d Read More »

WWL recognized by Toyota for quality service and performance in logistics

AJOT | August 15, 2010 | Breakbulk & Projects

Wallenius Wilhelmsen Logistics (WWL), a global leader in finished vehicle logistics, has received the 'Toyota Logistics Services Award for Quality Service & Performance in 2009'. The award recognizes WWL's vehicle processing operations for Toyota at its B Read More »

Wilhelmsen Ships Service India handles oversize vehicle shipment

AJOT | August 15, 2010 | Breakbulk & Projects

The Logistics Team at Wilhelmsen Ships Service in Mumbai has just completed the handling of a specialized project of oversized vehicles from Nhava Sheva port which is destined for Dakar in Senegal. The cargo is consigned to the government of Senegal. Read More »

Port of Vancouver USA’s Terminal 5 selected as preferred site for potash export facility

AJOT | August 15, 2010 | Ports & Terminals

The Port of Vancouver USA announced discussions are underway with BHP Billiton, the world’s largest diversified natural resources company, regarding the potential location of a potash export facility at the port’s Terminal 5. The port and BHP Billiton hav Read More »

Mobile Harbor turning basin opens

AJOT | August 15, 2010 | Ports & Terminals

The U.S. Army Corps of Engineers delivered on August 7th a critical federal asset to the Port of Mobile. The Mobile Harbor Turning Basin cost approximately $32 million for its five year program that included study efforts, environmental clearances, desig Read More »

Brazil ports resume raw sugar loading post rains

AJOT | August 15, 2010 | Ports & Terminals

Bulk sugar exports at the main Brazilian ports of Santos and Paranagua are running normally, favored by clear weather along the southeast coast but long waiting times for loading vessels are still the norm.

Although down with other markets, s Read More »

Mumbai port partially resumes operations

AJOT | August 15, 2010 | Ports & Terminals

India's busiest port, which was shut after a collision of two cargo ships off Mumbai's coast, partially resumed operations, a port official told Reuters. Read More »

Metro Ports announces new president

AJOT | August 15, 2010 | Ports & Terminals

Metro Ports, a holding of Nautilus International Holding Corp., recently announced the appointment of James Dillman to the position of president, Metro Ports.

As Metro Ports president, Dillman is in charge of Metropolitan Stevedore Co., South Read More »

Indonesia to build new container port in Jakarta

AJOT | August 15, 2010 | Ports & Terminals

Indonesia's state port firm will start building a new container terminal in Jakarta this year to cope with overflowing volumes at the main shipment hub in Indonesia's capital as trade grows.

The first phase of the 22 trillion rupiah ($2.45 bi Read More »

Port of Rotterdam throughput back on track

AJOT | August 15, 2010 | Ports & Terminals

In the first half of 2010, 213 million tons of cargo were handled, 14.8% up on the same period of 2009. Outgoing trade rose by 15% to 62 million tons, incoming by 14.7% to 150 million tons. The handling of bulk cargo increased by 14.3%, to 146 million ton Read More »

Port of LB Harbor Commission approves bridge project

AJOT | August 15, 2010 | Ports & Terminals

The Long Beach Board of Harbor Commissioners on August 9, unanimously approved a plan to replace the aging Gerald Desmond Bridge with a new, nearly $1 billion span that will accommodate future traffic needs and dramatically improve safety for vessels and Read More »

Port of Long Beach moves nearly 590,000 TEUs in July, year’s highest

AJOT | August 15, 2010 | Ports & Terminals

The monthly container cargo count at the Port of Long Beach increased for the eighth straight month in July 2010, rising 35.8 percent compared to the same month last year. Imports were up 32.5 percent, while exports rose 16.4 percent. Overall, the Port ha Read More »

Port’s study shows diesel additive increases fuel efficiency and reduces emissions

AJOT | August 15, 2010 | Ports & Terminals

The Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced that its diesel additive study yielded a five-percent reduction in fuel consumption, as well as drastically decreased emissions.

“We undertook this study as a pr Read More »

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