US lawmakers say got assurances from China on yuan

AJOT | April 27, 2011 | International Trade

US Senate Majority Leader Harry Reid and other U.S. lawmakers back from a trip to Beijing said they had been assured China would allow its currency to continue to rise against the U.S. dollar.

"Chinese officials confirmed that China would continue the Read More »

Does corporate America kowtow to China?

AJOT | April 27, 2011 | International Trade

Even when American manufacturers do successfully pursue cases alleging unfair competition they may not come out on top. A case can cost around $1 million in legal fees, and often takes more than a year plus a lot of management time that could be spent mor Read More »

South Korea GDP expands on export boom

AJOT | April 27, 2011 | International Trade

South Korea's economy grew at its fastest pace in three quarters in January-March thanks to robust exports, but sluggish domestic demand is posing a dilemma for policymakers who are struggling to balance sustainable growth against mounting inflation risks Read More »

Irish exports rise to 3-year high

AJOT | April 27, 2011 | International Trade

Irish exports rose to a three-year high in February according to data released on that gave an early indication the country is on track to return to economic growth this year.

With domestic demand still falling, Ireland is relying on its trade-depende Read More »

Supreme Court allows Delhi Airport to charge development fee

AJOT | April 27, 2011 | Air Cargo

India's Supreme Court has allowed Delhi International Airport Ltd (DIAL) to continue charging airport development fee as per the approval granted to DIAL by the Airport Economic Regulatory Authority, according to a statement by the GMR Group. Read More »

Delta vows to recapture full cost of jet fuel

AJOT | April 27, 2011 | Air Cargo

Soaring jet fuel costs pounded Delta Air Lines and US Airways Group in the first quarter, leading both to post losses, but rising fares eased the blow, and Delta said it aims to recapture the full cost of fuel on every flight.

Results from the two car Read More »

Air France execs indicted in US for price-fixing

AJOT | April 27, 2011 | Air Cargo

Two former executives of Air France were indicted in Chicago for fixing the prices of air cargo, the U.S. Justice Department said.

The indictments were the latest in a long-running price-fixing probe that has ensnared 21 airlines and 21 executives. < Read More »

Factory-to-Dealer underscores Wallenius Wilhelmsen Business Strategy

AJOT | April 27, 2011 | Liner Shipping

In the case of rolling stock, Wallenius Wilhelmsen Logistics (WWL) has a simple approach to a complex transportation problem. Call it alpha-to-omega, soup-to-nuts or factory-to-dealer, the bottom line is WWL provides service from the beginning to the e Read More »

Horizon Lines receives Lowe’s Platinum Carrier Award

AJOT | April 27, 2011 | Liner Shipping

Horizon Lines, Inc. the nation's leading domestic ocean shipping company, has been awarded the 2010 Platinum Carrier Award by home improvement retailer Lowe's Companies Inc. Horizon was the only Jones Act ocean carrier so honored.

Lowe's presen Read More »

Four honors for NOL at Asian Freight awards

AJOT | April 27, 2011 | Liner Shipping

NOL Group won accolades for excellence in Shipping and Logistics and CEO Ron Widdows received the Lifetime Achievement Award at the 25th Asian Freight & Supply Chain Awards.

Both of NOL's principal businesses were honored at one of the longest-running Read More »

NYK provides free land transport of relief supplies by container trailer

AJOT | April 27, 2011 | Liner Shipping

From April 11 to 25, NYK used container trailers provided by Nippon Container Yuso Co. Ltd, an NYK Group company, to provide free land transport of relief supplies in 13 20-foot containers from Yokohama to areas affected by the Japan earthquake and tsunam Read More »

MOL revamps NKX India-Karachi service

AJOT | April 27, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced the upgrading of its Singapore-Nhava Sheva-Karachi Service (NKX) into two new loops: 'NCX' linking China and Nhava Sheva, and KPX connecting Singapore with Pipavav and Karachi.

NCX will be MOL's first direct service Read More »

Container demand growth falls sharply in Q1 on oil, inflation

AJOT | April 27, 2011 | Liner Shipping

Global demand growth for seaborn containers, a key indicator of global economic activity, fell sharply in the first quarter as traffic slowed following last year's double-digit expansion, an industry consultancy group said.

Soaring oil prices and infl Read More »

W’rtsil’ to deliver new ship design and entire diesel electric propulsion system for Bumi Armada…

AJOT | April 24, 2011 | Breakbulk & Projects

W'rtsil', the marine industry's leading solutions provider, has signed a contract with Nam Cheong Dockyard of Miri, Malaysia, which will build a W'rtsil' Ship Design (WSD) multi-purpose platform supply vessel (MPSV). This WSD 800 MPSV is the first in a ne Read More »

Det Norske Veritas certifies first anti-piracy course offered by
 International Maritime…

AJOT | April 24, 2011 | Breakbulk & Projects

International Maritime Security Network (IMSN) has become the first maritime security training center to offer an eLearning-based Anti-Piracy Defense Course certified by Det Norske Veritas (DNV), a worldwide leading certification body offering the latest Read More »

St Lawrence Seaway anticipates 7% cargo growth

AJOT | April 24, 2011 | Ports & Terminals

The St. Lawrence Seaway, a key inland waterway system which allows ocean carriers to penetrate deep into the industrial hinterland of North America to the tip of the Great Lakes, is steadily bouncing back from the recession. Foreign-flag and Canadian ship Read More »

Congressman Tibieri (R-OH) seeks Harbor Maintenance Tax exemption

AJOT | April 24, 2011 | Ports & Terminals

Paul Bea, chairman of the Coastwise Coalition, based in Washington DC, announced that a new effort to eliminate the Harbor Maintenance Tax for domestic shipping is being mounted by Congressman Pat Tibieri (R-OH).
- By Stas Margaronis, AJOT Read More »

Shanghai port strike dwindles, gripes remain

AJOT | April 24, 2011 | Ports & Terminals

Truck drivers returned to work after Shanghai took steps to a defuse a strike at China's busiest container port, leaving some drivers demanding more and setting an example of militancy that may embolden other restive workers. The strike, which began last Read More »

Viterra to run Montreal port grain terminal

AJOT | April 24, 2011 | Ports & Terminals

Viterra Inc , Canada's largest grain handler, said that it has reached an agreement to lease and operate Montreal Port Authority's grain terminal.

The terminal operates year-round and has storage capacity of 262,000 tons, with direct access to rail ne Read More »

Millionth Rotterdam container marked with donation to Japan

AJOT | April 24, 2011 | Ports & Terminals

In the month of March, the Port of Rotterdam was the first port in Europe to handle 1 million containers (TEU – standard sized 20-foot containers) in a month. The record was reached in the evening of the last day of March on the Ital Oriente. In total, 47 Read More »