Obama, Mexico’s Calderon seek to ease tensions

AJOT | March 03, 2011 | International Trade

U.S. President Barack Obama and Mexican President Felipe Calderon vowed greater cooperation to combat drugs and arms smuggling and ease trade tensions as they sought to smooth over cross-border differences.

Long-simmering problems between the United S Read More »

Global construction growth to outpace GDP this decade

AJOT | March 03, 2011 | International Trade

Global construction will outpace GDP growth over the next 10 years, with China and India accounting for 38 percent of the $4.8 trillion increase in output by 2020, PricewaterhouseCoopers (PwC) said.

After overtaking the US as the biggest construction Read More »

Ethiopia’s H1 exports increase but miss target

AJOT | March 03, 2011 | International Trade

Ethiopia's exports fell short of target in the first half of its fiscal year when coffee, oil seed and flower sales missed forecasts, trade data obtained by Reuters showed.

The Horn of Africa nation projects it will earn $3 billion in export revenue f Read More »

Brazil passes TAM’s merger with LAN, shares rise

AJOT | March 03, 2011 | Air Cargo

Brazil's civil aviation authority passed the planned combination between Brazilian airline TAM and Chilean rival LAN with no restrictions, giving a boost to their project to create Latin America's largest airline. Read More »

China Eastern Air sees profit hit by high oil prices

AJOT | March 03, 2011 | Air Cargo

China Eastern Air Holding, the parent of China Eastern Airlines , expects lower profit this year due to high oil prices, said Li Jun, the holding company's deputy general manager.

"This year is not going to be better than last year. The impact of vola Read More »

Air China plans to double fleet size by 2015

AJOT | March 03, 2011 | Air Cargo

Air China Ltd , the world's biggest airline by market value, plans to double its fleet size to more than 700 aircraft by 2015, its chairman Kong Dong said.

Chinese carriers, including China Eastern and China Southern , have placed multi-billion dollar Read More »

Changes in NYK NA executives

AJOT | March 03, 2011 | Liner Shipping

Effective April 1, 2011, the appointment of William F. (Bill) Payne as President of NYK Line (North America) Inc. will be made. Bill joined NYK NA in 1989. For the past two years he served as Executive Vice President & Chief Operating Officer. Prior to Read More »

TUI AG board approves possible Hapag-Lloyd IPO

AJOT | March 03, 2011 | Liner Shipping

TUI AG's supervisory board gave the go-ahead for a possible initial public offering (IPO) of container shipping group Hapag-Lloyd, as TUI aims to sharpen its focus on tourism.

A partial IPO could reportedly involve the sale of shares worth about 1 bil Read More »

Horizon Lines nears covenant relief

AJOT | March 03, 2011 | Liner Shipping

Cargo shipping and logistics company Horizon Lines LLC said it is in the final stages of obtaining covenant relief from its lenders and expects to complete the refinancing in the second or third quarter.

Horizon Lines said it pleaded guilty to violati Read More »

Shipco enhances LCL service offering from Australia to the US

AJOT | March 03, 2011 | Liner Shipping

Shipco Transport, one of the world's leading neutral consolidators, has launched a fortnightly direct less-than-container-load service between Adelaide, Australia and Los Angeles, California. The new offering provides a competitive and economical option f Read More »

Rising freight rates add to agflation worries

AJOT | March 01, 2011 | Breakbulk & Projects

Spiralling shipping costs for commodities threaten to drive food inflation even higher as nations from Asia to the Middle East and Africa scramble for supplies, stung by grain prices that have more than doubled in less than a year.

Even if the jump in Read More »

Albacor Shipping Canada opens Edmonton office

AJOT | March 01, 2011 | Breakbulk & Projects

Albacor Shipping Inc. of Canada, a member of the Worldwide Project Consortium WWPC, is opening an office with in Edmonton, Alberta in Canada. Read More »

Ship glut to hit bulker rates until 2013

AJOT | March 01, 2011 | Breakbulk & Projects

An oversupply of ships will pose problems for the dry bulk industry and keep freight rates under pressure over the next two years, Moody's Investors Services said. The dry freight market has been hit by growing deliveries ordered before the economic turmo Read More »

Newbuilding bulker under construction will be first ship to use silicon anti-fouling paint

AJOT | March 01, 2011 | Breakbulk & Projects

Mitsui O.S.K. Lines, Ltd. announced the first use of a new silicon-based anti-fouling paint for a 38,000-class bulker now under construction at the Minaminippon Shipbuilding Co., Ltd. Shitanoe Works (Usuki-shi, Oita Prefecture). When completed, the new ve Read More »

Norden gloomy amid freight vessel oversupply

AJOT | March 01, 2011 | Breakbulk & Projects

Danish shipper D/S Norden predicted a poor year ahead for the oversupplied industry as it reported a sharp drop in fourth quarter profits.

Earnings before interest and tax (EBIT) fell to $23 million in October-December from $61 million in the same qua Read More »

Record transport in India with NICOLAS transport vehicles

AJOT | March 01, 2011 | Breakbulk & Projects

Technology company "The Linde Group" and its consortium partner "Samsung Engineering" in Korea, was awarded the order for the turnkey construction of an ethylene production plant in Dahej, India. The client is the Indian energy company OPaL (ONGC Petro ad Read More »

More TTS equipped car carriers to come

AJOT | March 01, 2011 | Breakbulk & Projects

TTS Marine AB continues to equip the world's fleet of car carriers with cargo access equipment and two additional contracts have been received to supply ro-ro equipment to four further car carriers.

The first contract was signed with Hyundai Heavy Ind Read More »

Port of San Francisco’s Pier 80 welcomes freighter carrying 33rd America’s Cup winning…

AJOT | March 01, 2011 | Ports & Terminals

The Port of San Francisco’s Pier 80 Omni Terminal welcomed the M/V Star Isfjord carrying the winner of the 2010 America’s Cup.

The sailboat USA-17 arrived from Spain where it won the iconic America’s Cup trophy on February 14, 2010 in Valencia. In ad Read More »

APM Terminals wins $1 blllion Costa Rica port deal

AJOT | March 01, 2011 | Ports & Terminals

APM Terminals won a $992.2 million concession to ramp up Costa Rica's Atlantic port of Moin, allowing the tropical fruit-shipping country to draw bigger ships by 2016, the firm said. Read More »

APS Technology receives patent for MatchMaker OCR Solution

AJOT | March 01, 2011 | Ports & Terminals

APS Technology Group, Inc., a leading provider of optical character recognition (OCR) and process automation technology solutions for marine and intermodal terminals, announced the US Patent and Trademark Office has awarded the company a patent for the id Read More »