China makes haste slowly globalising the yuan

AJOT | July 11, 2010 | International Trade

Each journey of a thousand miles begins with a single step. Yet for the trek of turning the yuan into a global currency, China is only just lacing up its boots.

According to this sceptical line of thinking, it will take Beijing a generation t Read More »

U.S. on track to double exports in 5 years

AJOT | July 11, 2010 | International Trade

The United States is on track to double its exports within five years, President Barack Obama said, as he fills out a high-powered private sector council to help reach that goal.

"At a time when jobs are in short supply, building exports is a Read More »

China signals OK for Taiwan FTAs

AJOT | July 11, 2010 | International Trade

China has signalled it is finally willing to let Taiwan negotiate trade pacts with the outside world, a senior Taipei official said, a move that could give a major lift to the island's economy.

China, which claims the self-ruled island as its Read More »

Emirates SkyCargo sees e-Freight climb above one million kilos a month

AJOT | July 11, 2010 | Air Cargo

Emirates SkyCargo's status as a leading innovator was confirmed this week as total shipments of e-freight ' paperless cargo consignments ' reached the one million kilos a month milestone. It also passed the 16 million kilo mark in total e-freight shipment Read More »

Hactl announces tonnage throughput for the first half of 2010

AJOT | July 11, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) released its tonnage figures for June, the second quarter and the first half of 2010.

A total of 245,352 tons were handled in June, up 30.5% year-on-year. Tonnage throughput for the second quarter Read More »

New MD doe Coyne Airways in Dubai

AJOT | July 11, 2010 | Air Cargo

Coyne Airways has appointed Darrin Quern as Managing Director of its hub operation in Dubai.

He began his aviation career with Northwest Airlines where he spent 14 years in ground operations, capacity planning and latterly as manager f Read More »

CMA CGM Group takes delivery of two new vessels

AJOT | July 11, 2010 | Liner Shipping

The CMA CGM Group announced the delivery of the CMA CGM LAMARTINE (6,500 TEU) and CMA CGM CALLISTO (11,400 TEU) in South Korea.

Built by Hanjin Heavy Industries and Construction Co shipyards, the CMA CGM LAMARTINE (6 500 TEU) is deployed on t Read More »

Second string boost for Asia/East Coast South America service

AJOT | July 11, 2010 | Liner Shipping

Safmarine has confirmed it will soon be offering its customers additional space on the Asia-East Coast South America (ASAS) service.

This follows an announcement that the ASAS service will be upgraded to cater for peak season demand. The se Read More »

Rickmers christens four containership

AJOT | July 11, 2010 | Liner Shipping

Combined capacity of 52,400 TEU during a ceremony at the HHI Ulsan shipyard
Even for Hyundai Heavy Industries (HHI), the world's largest shipyard group, it was a remarkable occasion. In a quadruple naming ceremony at HHI's Ulsan shipyard on Read More »

APL to provide shipboard training to Sri Lankan cadets

AJOT | July 11, 2010 | Liner Shipping

Container shipping line APL has begun training cadets at sea in an effort to tap into the strong pool of graduates from Sri Lanka's top maritime training academies. Read More »

Hindustan Cargo handles 2,560 ton submarine

AJOT | June 30, 2010 | Breakbulk & Projects

Hindustan Cargo, a WWPC Member in India, along with Rolldock Shipping B.V. of Capelle a/d Ijssel, loaded a 2,560 ton Submarine piece with cradles. This business was won in a tender floated by the Indian Ministry of Defence. The cargo, was shipped fro Read More »

Dry bulk freight rates to stay under pressure

AJOT | June 30, 2010 | Breakbulk & Projects

Dry bulk fleet growth will keep freight rates under pressure into 2011 although there will be seasonal spikes, senior officials with leading ship broker Clarksons said. Dry bulk freight rates have weakened in recent weeks due to softer demand by China for Read More »

FreeSeas announces charter agreements on seven of its handysize vessels

AJOT | June 30, 2010 | Breakbulk & Projects

FreeSeas Inc., a transporter of dry bulk cargoes through the ownership and operation of a fleet of eight Handysize vessels and two Handymax vessels, announced new charters for seven of its vessels.

Ion Varouxakis, Chief Executive Officer of F Read More »

Almajdouie triumph contract for Sabiya Power Plant project

AJOT | June 30, 2010 | Breakbulk & Projects

The Almajdouie Al Kazmi Heavylift Company has secured the onshore freight forwarding contract for a Kuwait-based Sabiya power plant project.

The company, which is a joint venture between Almajdouie Group (Dammam, Saudi Arabia) and Al Kazmi (K Read More »

GPA posts 25% container growth for May

AJOT | June 30, 2010 | Ports & Terminals

Georgia Ports Authority’s (GPA) Executive Director Curtis J. Foltz announced today that the GPA experienced 25.3-percent container growth in May and has recorded six consecutive months of double-digit growth. Read More »

DP World Antwerp commissioned its first Liebherr Portal Slewing Crane, type LPS 500

AJOT | June 30, 2010 | Ports & Terminals

In March 2010 DP World Antwerp officially commissioned its first Liebherr Mobile Harbour Crane on a portal (LPS 500) for service.

The Liebherr Portal Slewing Crane (LPS) is an efficient combination of a space-saving portal (mounted on rails) Read More »

Port Commission approves nearly $2 million for maintenanced dredging

AJOT | June 30, 2010 | Ports & Terminals

The Port Commission of the Port of Houston Authority approved nearly $2 million for maintenance dredging of the Authority's berths at its terminals along the Houston Ship Channel and a $68,000 Texas Transportation Institute study to evaluate the economic Read More »

$716 million Port budget gets OK

AJOT | June 30, 2010 | Ports & Terminals

The Board of Harbor Commissioners approved a $716 million budget for the Port of Long Beach that continues to invest aggressively on environmental and capital improvement projects while keeping operating costs in check. Read More »

Bromma wins new ship-to-shore twin-lift order from Hyundai

AJOT | June 30, 2010 | Ports & Terminals

The world’s leading crane spreader company, Stockholm (Sweden) based Bromma, has been awarded a major new STS twin-lift spreader contract for delivery to Hyundai Development Company, Korea. The new Hyundai contract is for 10 Bromma STS45 separating twin-l Read More »

Poitevint elected GPA Chairman of the Board

AJOT | June 30, 2010 | Ports & Terminals

The Board of Directors of the Georgia Ports Authority (GPA) elected Alec L. Poitevint, II, of Bainbridge to serve as Chairman of the Board. Poitevint was first appointed to the Board of Directors in July 2007 by Governor Sonny Perdue and previously served Read More »