Apple iPhone-maker Foxconn ponders big Brazil move

AJOT | April 12, 2011 | International Trade

iPhone maker Foxconn Technology Group is considering investing $12 billion in Brazil, a move that could help Apple Inc and other tech companies expand in the world's eighth largest economy.

Brazilian president Dilma Rousseff said on Tuesday her govern Read More »

JP Morgan to boost staff, revenue in Asia next year

AJOT | April 12, 2011 | International Trade

J.P. Morgan Chase & Co aims to hire up to 500 people in Asia next year and wants to generate 20 percent of its global wholesale banking revenue from the region, up from 15 percent now, Asia Pacific CEO Gaby Abdelnour said.

JPMorgan, which hired 100 pe Read More »

US likely to appeal WTO ruling on Boeing subsidies

AJOT | April 12, 2011 | International Trade

The Obama administration is almost certain to appeal a World Trade Organization ruling that Boeing received illegal subsidies as a long-running spat moves into its next stage, lawyers and analysts said.

"I would be truly surprised if the U.S. did not Read More »

ICBC opens Brazil branch to tap growing trade flows

AJOT | April 12, 2011 | International Trade

Industrial and Commercial Bank of China Ltd , the world's top lender by market value, will establish a presence in Brazil with initial start-up capital of $100 million as it looks to tap growing trade flows between the two countries.

ICBC do Brasil Ba Read More »

Japan supply uncertainty looms for Toyota

AJOT | April 12, 2011 | International Trade

Toyota Motor Corp warned that the uncertain supply of parts from Japan could threaten its output of vehicles through July, the latest sign of trouble for the global auto industry stemming from the massive Japanese earthquake a month ago.

Ford Motor Co Read More »

Cocoa groups hope for quick restart Ivorian trade

AJOT | April 12, 2011 | International Trade

Cocoa industry groups welcomed a call for peace by top grower Ivory Coast's internationally recognised president, Alassane Ouattara, and said they hoped for a swift resumption of trade.

"We also welcome the EU decision to lift the EU sanctions on the Read More »

Motorola and Huawei settle trade secret dispute

AJOT | April 12, 2011 | International Trade

Motorola Solutions Inc and China's Huawei Technologies Co. have settled a legal dispute over trade secrets, clearing the way for Motorola to complete the sale of one of its business units to Nokia Siemens Networks.

The settlement puts to rest charges Read More »

Ex-Ford engineer sentenced for trade secrets theft

AJOT | April 12, 2011 | International Trade

A Chinese engineer who stole Ford Motor Co trade secrets was sentenced to almost six years in prison, said the U.S. Attorney's office in Detroit.

Xiang Dong Yu, also known as Mike Yu, of Beijing, was sentenced to 70 months in federal prison and ordere Read More »

D’sseldorf Airport attracts regional cargo

AJOT | April 12, 2011 | Air Cargo

D'sseldorf started the year well with a 10% January and February increase over 2010. The upwards trend clearly reflects the return to health of the German economy, but the convenience and position of D'sseldorf plays an important role. Air China starts it Read More »

Cargo 2000 recognizes Turkish Cargo’s committment to service quality

AJOT | April 12, 2011 | Air Cargo

Turkish Cargo has underlined its commitment to service quality by successfully achieving Phase 1 certification for Cargo 2000's quality management system.

The airline joined Cargo 2000 as an Industry Associate Member in February 2009 in response to re Read More »

UASC takes delivery of first A13 class containership

AJOT | April 12, 2011 | Liner Shipping

United Arab Shipping Company (UASC) has taken delivery of its first 13,500 teu capacity container vessel. Umm Salal, named after an area of Qatar famed for its historic monuments, was handed over during a spectacular ceremony at the Samsung Heavy I Read More »

Maersk Line’s innovative Climate Box makes a stop in the US

AJOT | April 12, 2011 | Liner Shipping

Maersk Line's Climate Box, an interactive exhibit housed inside a prototype container which gives the community insight about the effects of global shipping, will be available to the public in Charleston from May 10th through May 15th in the VELUX 5 OCEAN Read More »

NOL announces clean-air milestone in Singapore

AJOT | April 12, 2011 | Liner Shipping

NOL Group announced a maritime milestone: its vessels will become the first to use cleaner-burning, low-sulphur gas oil in Singapore.

The decision is expected to curb sulphur oxides emissions from ships by almost 90%. Sulphur oxides are considered a k Read More »

Maersk expects to opt for 10 more mega ships

AJOT | April 12, 2011 | Liner Shipping

A.P. Moller-Maersk expects to exercise its option in June to order 10 more huge container ships to be built by Daewoo Shipbuilding & Marine Engineering at a cost of $1.9 billion.

The world's largest container firm in February outlined plans to order 1 Read More »

High bunker costs to hit shippers on the spot freight market

AJOT | April 12, 2011 | Liner Shipping

Maritime companies that trade more of their vessels on the spot freight market and on shorter intra-Asia trade routes are most likely to feel the heat from soaring bunker costs, industry executives said.

Singapore's benchmark bunker price reached 2-1/ Read More »

Nuclear fears keep shippers wary of travel to Japan

AJOT | April 12, 2011 | Liner Shipping

Foreign crew members remain hesitant to travel near Japan's quake-crippled nuclear plant, including to some ports outside the exclusion zone, forcing shippers to use Japanese vessels instead to transport goods, senior industry executives said. Read More »

Global container market to rebound in second half this year

AJOT | April 12, 2011 | Liner Shipping

The global container market is set to rebound in the third quarter after a sharp downturn driven by overcapacity and limited demand, senior industry executives said.

Container freight rates on the benchmark Asia-European route tumbled by about half in Read More »

It was a pleasing 2010 business year for Hamburg S’d

AJOT | April 12, 2011 | Liner Shipping

Following the historic crisis year of 2009 and a first-time ever decline in global transports in container liner shipping, 2010 saw an unexpectedly sharp volume rise.

Hamburg S'd, too, benefited from a resurgent world economy along with her Brazilian Read More »

CMA CGM to resume Ivory Coast port calls

AJOT | April 12, 2011 | Liner Shipping

French container shipping group CMA CGM is to resume services to Ivory Coast, with a first ship due to arrive in Abidjan on April 18th, the company said.

The decision followed the lifting of European Union sanctions against Ivory Coast and a gradual r Read More »

Premium Article  Port of Sept-Iles: an awakening giant on the St. Lawrence River

Leo Ryan | April 10, 2011 | Ports & Terminals

Situated far from major population centres in North America (Montreal is closest at 600 miles), and with just a small population of barely 26,000, the relatively remote, year-round deepwater port of Sept-Iles on the north shore of the St. Lawrence seemed Read More »