Mitsui O.S.K. Lines, Ltd. announces revision of FY2009 outlook

AJOT | April 01, 2010 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (the Company; President: Akimitsu Ashida) announced a revision of its consolidated business outlook for FY2009, ending March 31, 2010 (April 1, 2009 - March 31, 2010), announced on January 29, 2010, as follows: Read More »

Med trade strengthened with reintroduction of Safmarine ME 3 service

AJOT | April 01, 2010 | Liner Shipping

Safmarine announces the reintroduction of the ME 3 shipping service between the Mediterranean and West Central Asia.

According to Safmarine Liner Director, Jan Scheck, the reintroduction of the service is aligned with Safmarine's plans to str Read More »

Sea Star and the American Shipping Group realign leadership team

AJOT | April 01, 2010 | Liner Shipping

American Shipping Group, Inc. announces the following organizational changes. Frank Peake will join the American Shipping Group (ASG) as Vice President, focusing on strategic planning for all ASG companies operating in the Puerto Rico and Alaskan markets Read More »

Maersk Line adds direct S. Vietnam call with largest vessels to date Direct from Ho Chi Minh City…

AJOT | April 01, 2010 | Liner Shipping

Maersk Line announces it will adjust its Trans-Pacific 6 service (TP6) to add a direct, all water call from South Vietnam to the US West Coast. With the direct TP6 call, Maersk Line becomes the first carrier to introduce the 'Post-Panamax' class (9000 TEU Read More »

Crowley receives prestigious Toyota Logistics Service Award for Excellence

AJOT | April 01, 2010 | Liner Shipping

Toyota Logistics Services recently presented Crowley's Puerto Rico/Caribbean liner services group with its prestigious Award for Excellence in Quality in the marine division for 2009. It was the eighth consecutive year the company has received recognition Read More »

Evergreen, Wan Hai Lines and Simatech Shipping to launch East Africa joint service

AJOT | April 01, 2010 | Liner Shipping

Evergreen Line, Wan Hai Lines Ltd (WHL), and Simatech Shipping have agreed to operate an East Africa Service (EAF) with three ships of 1,200 TEU capacity. Evergreen, WHL, and SSF will each operate one vessel. Read More »

Russia lifts import bans on U.S. pork

AJOT | March 29, 2010 | International Trade

Eighteen U.S. pork plants will be able to resume shipments to Russia within days after Moscow lifted a ban that had closed the United States' fifth-largest export market for several months, officials said. Read More »

U.S. steel executives press Congress on China yuan

AJOT | March 29, 2010 | International Trade

U.S. steel executives urged Congress to get tough with Beijing on trade, while a Chinese official pressed President Barack Obama's administration not to label his country a "currency manipulator" with an undervalued yuan.

"We are in a trade w Read More »

US companies suddenly shy over China yuan squabble

AJOT | March 29, 2010 | International Trade

Many big U.S. industrial companies are counting on China's economy to drive growth, a bet unsettled by Washington's recent saber-rattling on Beijing's closely managed currency. Read More »

McDonald’s sees 2,000 stores in China by 2013

AJOT | March 29, 2010 | International Trade

McDonald's Corp expects China to be the engine of growth in the Asia Pacific over the next five years and predicts a good first quarter for same-store sales in the Asia, Middle East and Africa region.

The firm expects to have more than 2,000 Read More »

U.S. mulling financial services complaint vs China

AJOT | March 29, 2010 | International Trade

The United States has talked with U.S. credit cards companies about barriers they face in China and is mulling the best step for cracking open that market, the top U.S. trade official said. Read More »

Taiwan using China trade deal to sell foreign FTAs

AJOT | March 29, 2010 | International Trade

Taiwan has leveraged its goal of a landmark trade deal with China to open talks with Japan, the United States and other powers on free trade deals expected to boost the long-isolated island economy, officials said.

Appealing to countries that Read More »

Two top US trade envoys approved after long delay

AJOT | March 29, 2010 | International Trade

Two top U.S. trade negotiators whose jobs had been in limbo in the Senate for six months were put into office by President Barack Obama on an interim basis.

Michael Punke, the U.S. ambassador to the World Trade Organization, and Isi Siddiqui, chief U. Read More »

Philippine alcohol tax bad for Jack Daniel’s

AJOT | March 29, 2010 | International Trade

Philippine alcohol taxes discriminate against Jack Daniel's, Jim Beam and other American brands and should be struck down, U.S. officials urged the World Trade Organization. Read More »

US lawmakers urge trade action vs China

AJOT | March 29, 2010 | International Trade

A group of Democratic lawmakers urged U.S. President Barack Obama to take immediate action to resolve a long list of trade disputes with China, the European Union and other countries. Read More »

U.S. and EU eye talks to end subsidy row

AJOT | March 29, 2010 | International Trade

Washington hopes a WTO report on EU subsidies for Airbus will help resolve a row over U.S. and European support for their rival aircraft industries, U.S. Trade Representative Ron Kirk said. Read More »

China makes its case for a steady yuan

AJOT | March 29, 2010 | International Trade

China reaffirmed its determination to keep the yuan steady, rejecting U.S. arguments that a stronger exchange rate is needed to help iron out global trade imbalances.

On a busy day for official pronouncements, a deputy central bank governor p Read More »

World trade to rebound as Doha talks drag on

AJOT | March 29, 2010 | International Trade

World trade will grow by nearly 10 percent this year, rebounding strongly from the economic crisis and shrugging off halting progress in the eight-year-old Doha round, World Trade Organization figures showed.

The WTO said the volume of mercha Read More »

CEE celebrates 1st anniversary

AJOT | March 28, 2010 | Breakbulk & Projects

Cargo Equipment Experts CEE, a global network for equipment owners and asset based companies within the heavy cargo transport market, passed it's first year 
mark of activities. The management is satisfied with the positive reception of the network, Read More »

Rickmers Group takes delivery of its 102nd vessel

AJOT | March 28, 2010 | Breakbulk & Projects

In February a special milestone was reached by the Rickmers Group with the delivery of the 4900 vehicle capacity pure car/truck carrier (PCTC) Vany Rickmers to its owners. She brings the Rickmers fleet up to 102 vessels. Read More »