PANYNJ debt for JFK IAT LLC project rated ‘BBB-’ on fundamental demand for facility

AJOT | November 21, 2010 | Air Cargo

Standard & Poor's Ratings Services has assigned its 'BBB-' long-term rating on the Port Authority of New York and New Jersey's (PANYNJ or the authority) series 8 special project bonds, issued on behalf of John F. Kennedy International Air Terminal LLC (JF Read More »

Maersk 500 mlllion euro bond pulls in 1.6 blllion euro orders

AJOT | November 21, 2010 | Liner Shipping

Danish shipping and oil group A.P. Moller-Maersk sold 500 million euros ($698.5 million) of new seven-year bonds in an oversubscribed offering that was part of a policy to diversify its funding.

The 2017 bond, only Maersk's third corporate bo Read More »

CMA CGM extends its Black Pearl Service to the West Coast of South America

AJOT | November 21, 2010 | Liner Shipping

The CMA CGM Group is pleased to announce the extension of its Black Pearl service to the West Coast of South America (Ecuador, Peru, Panama and Chile). This upgrade comes as a response to a growing market demand for exports between the US and the West Coa Read More »

ECU LINE starting a new direct service ex Warchau to Far East

AJOT | November 21, 2010 | Liner Shipping

In line with the expectations of ECU LINE POLAND to become a leading NVOCC in the Polish market in the next two years , ECU LINE POLAND has taken the necessary steps to secure its presence on the market for future developments.

ECU LINE POLA Read More »

Nickel ore cargoes pose risk to ships

AJOT | November 15, 2010 | Breakbulk & Projects

Nickel ore shipments should be tested by independent surveyors before being loaded to avoid the risk that a vessel transporting the material could capsize, a trade association said on Friday. A cargo ship carrying 55,000 tons of nickel ore from Indonesia Read More »

Rickmers-Linie ships Kirow railway cranes 
to China

AJOT | November 15, 2010 | Breakbulk & Projects

Extraordinary shipments are a common sight at the Wallmann terminal in Hamburg. The breakbulk terminal, in which Rickmers-Linie holds a share of just over 25 per cent, specializes in the handling of out-of-gauge, heavy lift and project cargo. At the end o Read More »

Diana Shipping Q3 results beat Street view

AJOT | November 15, 2010 | Breakbulk & Projects

Greek drybulk carrier Diana Shipping Inc's quarterly results beat analysts' estimates for the third consecutive time, helped by higher voyage revenue. Read More »

SC Ports maintains strong financial ratings from S&P, Moody’s

AJOT | November 15, 2010 | Ports & Terminals

Two of the top credit reporting agencies have affirmed the South Carolina State Ports Authority’s (SCSPA) solid financial position, citing strong financial management, high debt service coverage and competitive advantages relative to other ports in the re Read More »

RTISA attends the 7th Plenary Session of The Contact Group on Piracy off the Coast of Somalia

AJOT | November 15, 2010 | Ports & Terminals

The international shipping industry last week gave the UN Contact Group on Piracy off the Coast of Somalia an insight into industry-wide activity in support of deterring and defeating piracy off Somalia and in the wider Arabian Sea. The presence of indus Read More »

GPA posts best month ever for containers and tonnage

AJOT | November 15, 2010 | Ports & Terminals

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced today the GPA experienced exceptional growth in October, reflecting several all-time records in many commodity segments. Overall tonnage recorded a new monthly record handling 2, Read More »

Abu Dhabi Ports invests $7.2 blllion in industial zone

AJOT | November 15, 2010 | Ports & Terminals

State-backed Abu Dhabi Ports Company (ADPC) will invest $7.2 billion in the first phase of an industrial zone and will offer 100 percent foreign ownership to companies that contribute to the emirate's GDP, government officials said. The Khalifa Industria Read More »

Russian Railways sees 2010 rail freight up 11%

AJOT | November 15, 2010 | Intermodal

Russian rail freight -- a key indicator of the country's broader economic health -- may grow by 11 percent this year, more than expected, Interfax agency cited the head of state monopoly Russian Railways as saying. Read More »

TRAC Intermodal announces the West Coast Metro Pool in Oakland & Los Angeles, CA

AJOT | November 15, 2010 | Intermodal

TRAC Intermodal announces the opening of its West Coast Metro Pool in Oakland and Los Angeles, CA, beginning operation on December 1, 2010.

The West Coast Metro Pool will provide chassis to the intermodal drayage community and steamship lines Read More »

Caterpillar buying Bucyrus in big bet on mining

AJOT | November 15, 2010 | International Trade

Heavy equipment maker Caterpillar Inc set the largest deal in its history, saying it would buy Bucyrus International Inc for $7.6 billion to expand in mining. Read More »

Russia to set only partial ban on frozen poultry

AJOT | November 15, 2010 | International Trade

Major meat importer Russia will impose only a partial ban on deep frozen poultry rather than a total one, Russian media reported.

Business daily Vedomosti quoted the head of consumer protection watchdog Rospotrebnadzor, Gennady Onishchenko, a Read More »

G20 closes ranks but skims over toughest tasks

AJOT | November 15, 2010 | International Trade

G20 leaders closed ranks and agreed to a watered-down commitment to watch out for dangerous imbalances, yet offered investors little proof the world was any safer from economic catastrophe.

After an acrimonious start, developed and emerging n Read More »

Must get South Korea trade deal right

AJOT | November 15, 2010 | International Trade

Reaching a U.S.-South Korea trade deal that boosts American exports and creates jobs is more important than rushing to clinch an agreement, U.S. Trade Representative Ron Kirk said.

Kirk, in an interview with Reuters, also said that China's recent limi Read More »

India’s imports growth in Oct lowest in 7 years

AJOT | November 15, 2010 | International Trade

India's imports growth in October slipped to single digits and the lowest level in seven years, data showed on Monday, prompting fears industrial activity has begun moderating in Asia's third-largest economy.

Industrial output growth unexpect Read More »

EU employers’ group warns on euro, protectionism

AJOT | November 15, 2010 | International Trade

European businesses are concerned by the euro's strength but see state protectionism and poor coordination of global economic policies as a greater threat, Europe's top employers' group said on Monday. Earlier this month the euro hit its highest level aga Read More »

Obama’s Asia frustrations raise protectionist risks

AJOT | November 15, 2010 | International Trade

The risks of a wave of protectionist sentiment on Capitol Hill just got higher after President Barack Obama struggled to win over wary leaders of export-driven Asian economies.

Obama's message to trade surplus nations during his 10-day swing Read More »