Ford India sales growth seen at 12-15% in 2011

AJOT | June 06, 2011 | International Trade

Ford Motor Co's Indian unit expects sales to grow 12 to 15 percent in 2011, in line with the estimate for the country's automotive sector, its head said, but added high commodity prices and input costs remained concerns.

Vehicle sales in India, the se Read More »

Canada exporters face headwinds, new minister says

AJOT | June 06, 2011 | International Trade

Canada's new trade minister cautioned that the strong currency and growing competition from emerging economies could stall the country's export growth.

In his inaugural speech, Ed Fast promised quick action on the Conservative government's trade agend Read More »

Hactl announces May tonnage throughput and shows supports for third runway

AJOT | June 06, 2011 | Air Cargo

Hong Kong Air Cargo Terminals Limited (Hactl) announced today its tonnage throughput for May 2011. A total of 227,050 tonnes were handled in the month, representing a decrease of 12.0% year-on-year. Cumulative tonnage for the first five months of the yea Read More »

IATA chief warns EU over

AJOT | June 06, 2011 | Air Cargo

Global airlines warned the European Union of the risks of a possible trade spat over "illegal" plans to charge the industry for emissions, saying they echoed environmental failures of the past.

Comments from the International Air Transport Association Read More »

Airline recovery threatened by weak global economy

AJOT | June 06, 2011 | Air Cargo

Global airline executives may be forced to slash industry profit expectations at their major annual conference as fears grow of a relapse in the world economy.

Buffeted by a series of shocks from Japan to the Arab world and by high oil prices, the Int Read More »

New cargo opportunities to Vietnam

AJOT | June 06, 2011 | Air Cargo

As from June 12, 2011, Air France-KLM Cargo & Martinair Cargo will launch a new full freighter destination: Hanoi ' Vietnam.

The flights will be operated twice a week from Paris-CDG with a Boeing 777Freighter, departing on Wednesdays and Sundays. Read More »

Airline profits to tumble in 2011 on fuel, global turmoil

AJOT | June 06, 2011 | Air Cargo

Global airlines cut their 2011 profit forecast by more than half to $4 billion as high oil prices and turmoil in Japan, North Africa and the Middle East weigh on the industry's recovery.

The International Air Transport Association (IATA), which repres Read More »

Airlines, EU in escalating trade row over emissions

AJOT | June 06, 2011 | Air Cargo

Global airlines attacked the European Union over its plan to force them into the bloc's emissions trading scheme, as the EU vowed to stand firm against threats of retaliation.

Aviation chiefs spoke out against the EU move in Singapore at the start of Read More »

Fedex Express sees strong momentum in cargo

AJOT | June 06, 2011 | Air Cargo

FedEx Express, the airline subsidiary of FedEx Corp , sees the momentum in the cargo sector remaining strong, CEO David Bronczek said.

"The momentum we see in the air cargo sector is strong. We see it coming strong out of Asia-Pacific, of course, led Read More »

Horizon Lines completes preparedness excerises for Atlantic hurricane season 2011

AJOT | June 06, 2011 | Liner Shipping

Hurricane season in the Atlantic begins this week. Horizon Lines knows the best time to plan for a disaster is before it happens. An investment in planning alternate routes between Puerto Rico and the mainland can prevent damage of cargo and disruption of Read More »

‘Hanjin Pioneer’ used for super heavy cargo movement from China to India

AJOT | June 02, 2011 | Breakbulk & Projects

As a leading logistics company of heavy cargo transportation in Korea, Hanjin.,Co.Ltd, a member to the Cargo Equipment Expert CEE network, recently delivered the self-propelled barge 'Hanjin Pioneer'. Read More »

GAC opens new office in Trinidad & Tobago

AJOT | June 02, 2011 | Breakbulk & Projects

GAC Energy & Marine Services LLC (GEMS) is expanding its shipping and logistics services to Trinidad & Tobago, with its newest office open for business in San Fernando.

GEMS will provide a wide range of integrated services and solutions to meet the di Read More »

China power tariff hike to benefit coal shippers

AJOT | June 02, 2011 | Breakbulk & Projects

Global shipping companies transporting power-generating coal will likely ride an increase in import from largest consumer China, following the country's decision to hike electricity tariffs for the first time in nearly two years.

China said it would r Read More »

Key political risks in the Gulf of Guinea

AJOT | June 02, 2011 | Breakbulk & Projects

A stretch of West Africa's coast spanning more than a dozen countries, the Gulf of Guinea is a growing source of oil, cocoa and metals to world markets.

But rising rates of piracy, drug smuggling, and political uncertainty in an area ravaged by civil Read More »

Port of Felixstowe welcomes AE6 service

AJOT | June 02, 2011 | Ports & Terminals

The Port of Felixstowe has welcomed its third new service in less than a month with the arrival on Sunday 29th May 2011 of the 367m Mette Maersk on Maersk Line’s AE6 Asia-Europe service.

The extended rotation of the AE6 service, which now calls at Le Read More »

ICTSI launches bid to buy Singapore’s Portek

AJOT | June 02, 2011 | Ports & Terminals

The Philippines' International Container Terminal Services Inc (ICTSI) launched a takeover bid for Singapore's Portek International Ltd, offering to buy its shares at a 69 percent premium to market prices.

The Manila-based port operator offered S$1.20 Read More »

Mozambique’s main port set to get major investment

AJOT | June 02, 2011 | Ports & Terminals

Mozambique's Ports Development Company (MPDC) announced a $1 billion investment over the next 20 years to improve infrastructure in the country's main port to meet international demands. Read More »

Port of Oakland secures $18 million in federal funding for harbor deepening

AJOT | June 02, 2011 | Ports & Terminals

The Port of Oakland’s -50 Foot Harbor Deepening Project is set to receive $18 million in operations and maintenance from the U.S. Army Corps of Engineers’ fiscal year 2011 work plan, funding that is vital to the Port’s competitiveness. Oakland Board of P Read More »

Panama Canal Authority renews and extends Port Manatee MOU

AJOT | June 02, 2011 | Ports & Terminals

Port Manatee and the Panama Canal Authority (ACP) have renewed and extended a 2009 marketing and information-sharing agreement for five years in May, transcending the projected 2014 completion of the expanded Panama Canal.

Port Manatee becomes the s Read More »

Con-way to contribute $100,000 to Joplin disaster relief efforts

AJOT | June 02, 2011 | Intermodal

Con-way Inc. announced it was making a $100,000 charitable contribution to support disaster relief efforts in Joplin, Missouri, which was devastated by one of the most powerful tornados in recorded U.S. history. Joplin is the headquarters of Con-way Truc Read More »