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WTO’s Lamy warns of trade impact of stimulus measures

AJOT | December 05, 2010 | International Trade

Stimulus and bailout packages undertaken to cope with the economic crisis can have an impact on trade and investment and need to be managed carefully, according to the head of the World Trade Organization.

Director-General Pascal Lamy said the WTO wou Read More »

Canada’s green power sector eyes rich US.market

AJOT | December 05, 2010 | International Trade

Canadian developers of renewable power are keen to tap into the large and lucrative U.S. market, but the road south is littered with obstacles, including complex state-by-state rules and inadequate transmission links.

If Canada's fledgling green power Read More »

Malaysia Oct exports slow sharply but beat fcast

AJOT | December 05, 2010 | International Trade

Malaysia's October exports rose a better-than-expected 1.3 pct from a year earlier, more than a Reuters poll that forecast a contraction of 0.9 percent due to high year-ago base effects.

Out of the 14 economists polled, 10 had forecast a contraction. Read More »

Chinese envoy conciliatory on procurement

AJOT | December 05, 2010 | International Trade

China's envoy to the European Union struck a conciliatory tone in a row over public procurement, but warned the EU against growing protectionism in the bloc.

Speaking to deputies at the European Parliament, Ambassador Song Zhe said Beijing would addre Read More »

India trade minister eyes EU trade deal by mid-2011

AJOT | December 05, 2010 | International Trade

India hopes to conclude a free trade deal with the European Union in the first half of 2011, if not earlier, and both sides are just adding the "finishing touches", Trade Minister Anand Sharma said.

India and its largest trade partner had hoped to con Read More »

Hactl announces November tonnage throughput

AJOT | December 05, 2010 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) released its tonnage throughput for November 2010. A total of 254,552 tonnes were handled in the month, representing a year-on-year growth of 5.6%. Cumulative tonnage for the first 11 months of the year hits a Read More »

Moskovia Airlines prepares for EU ETS

AJOT | December 05, 2010 | Air Cargo

The Moscow-based Moskovia Airlines commissioned Lufthansa Consulting to provide assistance in assessing the current compliance with the EU ETS requirements as well as in developing solutions to close existing gaps. Operating scheduled passenger and cargo Read More »

DHL ‘Operation Holiday Cheer’ initiative to send hundreds of trees and holiday items to US troops…

AJOT | December 05, 2010 | Air Cargo

For the seventh straight year, DHL, the world's leading logistics company, has teamed up with the New York community to donate and deliver hundreds of holiday trees, decorations and messages of support to U.S. troops serving abroad through its 'DHL Operat Read More »

Iberia Cargo becomes Cargo 2000 member

AJOT | December 05, 2010 | Air Cargo

IBERIA Cargo has become the 29th international air cargo carrier to commit to Cargo 2000's quality management system.

Recognizing Cargo 2000's position as 'the industry standard' for quality in the air cargo supply chain, IBERIA Cargo says j Read More »

Singapore Air Cargo to plead guilty of price fixing

AJOT | December 05, 2010 | Air Cargo

Singapore Airlines Cargo has agreed to plead guilty in a U.S. price-fixing case and pay a $48 million criminal fine, the U.S. Justice Department said.

The cargo division of Singapore Airlines agreed to plead guilty to a single felony count for its par Read More »

Lufthansa needs more cargo freighters by 2015

AJOT | December 05, 2010 | Air Cargo

German airline Lufthansa's cargo unit will need extra capacity equivalent to six MD-11 freighters by 2015 to meet rising demand, particularly growth into and out of Asia.

Among sectors, the pharmaceutical industry, a major customer for Luftha Read More »

EU plans closer inspections of air cargo

AJOT | December 05, 2010 | Air Cargo

The European Union plans to boost security measures for air cargo arriving from outside the bloc because of concerns about parcel bombs, EU officials said.

Aviation security is a growing worry in Europe since two parcel bombs mailed from Yeme Read More »

Air freight grows 14.4% yr/yr in October

AJOT | December 05, 2010 | Air Cargo

International air cargo traffic picked up in October after falling since May to stand 14.4 percent higher than a year earlier, the airline industry body IATA said.

October's year-on-year increase in air freight -- an important indicator of tr Read More »

Matson’s 2011 Westbound Hawaii Service rates to increase

AJOT | December 05, 2010 | Liner Shipping

Matson Navigation Company announced today that it will raise its rates for the company's Hawaii service by $120 per westbound container and $60 per eastbound container, effective January 2, 2011. Matson estimates that this increase will raise rates by an Read More »

Shipping Corp share sale covered nearly 5 times on last day

AJOT | December 05, 2010 | Liner Shipping

Indian state-run Shipping Corp of India's follow-on share sale of up to $259 million was subscribed nearly 5 times, the final day of the offer, marking the latest in a series of successful offerings by the federal government this fiscal year.

Read More »

MOL opens Ivory Coast office

AJOT | December 05, 2010 | Liner Shipping

Mitsui O.S.K. Lines (MOL), one of the world's largest global multimodal transportation companies, opened its own office in Abidjan, Ivory Coast on 1st December 2010. Read More »

Shipping industry urges action to address overweight containers

AJOT | December 05, 2010 | Liner Shipping

The World Shipping Council (WSC) and the International Chamber of Shipping (ICS) urged the International Maritime Organization (IMO) to establish an international legal requirement that all loaded containers be weighed at the marine port facility before t Read More »

CMA CGM and YILDIRIM sign agreement

AJOT | December 05, 2010 | Liner Shipping

The agreement enables CMA CGM to strengthen its equity base and secure the financing of its investment plan.
Under its terms, YILDIRIM Group will invest $500 million in CMA CGM by acquiring five-year ORA equity notes giving access to 20% of CMA CGM Read More »

SeaFreight announces the inauguration of Costa Rica and Nicaragua service

AJOT | December 05, 2010 | Liner Shipping

Miami operated SeaFreight Line announced that it will begin a new weekly fixed day service calling on Costa Rica and Nicaragua via Puerto Limon in December. The new service will commence from Jacksonville Florida on December 6th and Port Everglades Dec 7t Read More »

Dole Ocean Cargo Express selects Descartes’ Customs Filings Solution

AJOT | December 05, 2010 | Liner Shipping

Descartes Systems Group announced that Dole Ocean Cargo Express, a division of Dole Food Company, has selected Descartes' Global Filer to manage its import and export customs filings for the upcoming European Union (EU) regulations on advanced entry (ICS) Read More »

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