Siemens seeking acquisitions to tap broad growth

AJOT | May 04, 2011 | International Trade

Siemens AG, a bellwether of the euro zone's biggest economy, is looking for acquisitions of up to 3 billion euros to boost core areas after raising its full-year outlook on strong demand from emerging markets.

Siemens, whose products range from hearin Read More »

BMW cruises through first quarter on China demand

AJOT | May 04, 2011 | International Trade

BMW outshone its rivals with a sharp increase in first quarter sales, fuelled by demand for the German group's cars from China and the United States.

BMW's sales in China jumped 72 percent in the first quarter as a growing army of super-rich in the co Read More »

Daimler car sales up 7.7% on China demand

AJOT | May 04, 2011 | International Trade

German carmaker Daimler said its passenger car business sold 7.7 percent more vehicles in April, helped by continued strong demand for luxury cars in China.

"We continue to be optimistic about the second quarter, during which we want to boost sales ab Read More »

Indonesia, EU sign pact to end exports of illegal timber

AJOT | May 04, 2011 | International Trade

Indonesia and the European Union signed an agreement aimed at ensuring the sustainability of timber exports and stopping illegal logging in Southeast Asia's largest economy.

The voluntary agreement signed by Zulkifli Hasan, Indonesia's minister of for Read More »

China Southern Airlines appoints Sodexi in Guangzhou

AJOT | May 04, 2011 | Air Cargo

As the massive Chinese manufacturing based economy rolls forward, the volume of postal traffic is expanding at a rapid speed. In order to handle such volumes efficiently, China Post is cooperating with China Southern Airlines to handle a major part of thi Read More »

Hactl announces April tonnage throughput

AJOT | May 04, 2011 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced its tonnage throughput for April 2011. A total of 225,791 tons were handled in the month, representing a decrease of 9.3% year-on-year. Cumulative tonnage for the first four months of the year was 8 Read More »

Flightcare Cargo joins Cargo 2000 for ‘the best solution’

AJOT | May 04, 2011 | Air Cargo

Flightcare Cargo Belgium and Flightcare Cargo Spain are the latest companies to join Cargo 2000.

Part of FCC Holding and a founding member of Aviance, Flightcare reports annual revenues of more that '228 million and employs over 4,000 staff. Read More »

TNT Express CEO takes on Brazilian challenge

AJOT | May 04, 2011 | Air Cargo

Marie-Christine Lombard, the new chief executive of TNT's global express business, has made it her personal mission to tackle loss-making operations in Brazil as her unit prepares to be spun off.

Lombard, who has been managing the express division of Read More »

D’sseldorf attracts regional cargo

AJOT | May 04, 2011 | Air Cargo

D'sseldorf started the year well with a 10% January and February increase over 2010. The upwards trend clearly reflects the return to health of the German economy, but the convenience and position of D'sseldorf plays an important role. Air China starts it Read More »

Project cargo network stretches reach throughout Australia

AJOT | May 02, 2011 | Breakbulk & Projects

Heavy-lift freight forwarding network, the Project Professionals Group, has stretched its reach throughout Australia with the appointment of Intramar Pty Ltd.

Intramar was established in 1981 with its corporate headquarters in Melbourne, and branch of Read More »

Dockwise announces USD 34 million contract awards

AJOT | May 02, 2011 | Breakbulk & Projects

Dockwise Ltd. announces 6 awards for Heavy Marine Transport (HMT) that have recently been secured by its subsidiary Dockwise Shipping with a total contract value of more than USD 34 million.

Following the recently closed Master Service Agreement with Read More »

Port of New Orleans receives new container gantry cranes

AJOT | May 02, 2011 | Ports & Terminals

The Port of New Orleans received two new container gantry cranes which will be installed at the Napoleon Avenue Container Terminal.

The cranes completed their 53-day, 15,700-mile journey from South Korea just before noon aboard the M/V Tai An Kou. Kor Read More »

As pirate attacks grow, shipowners take arms

AJOT | May 02, 2011 | Ports & Terminals

Upstairs in a public house on the English south coast, 18 men are preparing to take on the pirates of the Indian Ocean.

Around antique polished wooden tables scattered with laminated charts, handouts and smartphones, they sit in attentive silence as t Read More »

Somali pirates seize Singaporean tanker off the coast of Kenya

AJOT | May 02, 2011 | Ports & Terminals

Somali pirates hijacked a Singapore-owned product tanker about 180 miles off the coast of Kenya, said port officials and the EU's anti-piracy taskforce.

The 21,000-ton vessel MV Gemini, operated by Singapore-based Glory Ship Management, was seized whi Read More »

ICTSI Manila opens new building

AJOT | May 02, 2011 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) recently inaugurated a two-storey building housing the offices and workshops of the crane maintenance and anchorage operations of the Manila International Container Terminal (MICT).

“The new off Read More »

ICTSI unit raises $200 mlllion via perpetual bond issue

AJOT | May 02, 2011 | Ports & Terminals

The Philippines' International Container Terminal Services Inc (ICTSI) said its Royal Capital BV unit raised $200 million in a sale of subordinated perpetual securities, which an issue manager said was Asia's first such hybrid offer.

The offer, which Read More »

China to expand Yangtze shipping by 2015

AJOT | May 02, 2011 | Ports & Terminals

Bulk freighters will be able to avoid congestion around Shanghai and sail up China's Yangtze River as far as Nanjing under a $2.7 billion plan to deepen the navigation channel by 2015, Xinhua News Agency reported.

The river would be navigable for ship Read More »

Big E Transportation implements Descartes Mobile Resource Management Solution

AJOT | May 02, 2011 | Intermodal

Descartes Systems Group announced that Big E Transportation, a wholly-owned subsidiary of Estes Express Lines, implemented Descartes' Route Planner On-demand and MobileLink solution to plan, optimize and dispatch routes across its entire home delivery ope Read More »

YRC restructuring plan approved

AJOT | May 02, 2011 | Intermodal

YRC Worldwide Inc said lenders had agreed to its restructuring plan.

The Overland Park, Kansas-based company said in a news release that more than 95 percent of its senior secured lenders have approved the plan, which would leave existing shareholders Read More »

CN’s Scheduled Potash Service drives new supply chain efficiencies for key customers

AJOT | May 02, 2011 | Intermodal

CN said its Scheduled Potash Service has increased supply chain efficiencies for producers in Western Canada and provided them quicker access to markets.

CN's Scheduled Potash Service is focused on an end-to-end management of the supply chain in colla Read More »