MOL selected for Global 100 Most Sustainable Corporations

AJOT | February 13, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (MOL) announced that the company was named one of the Global 100 Most Sustainable Corporations in the World by Corporate Knights Inc.(*) of Canada on January 29 at the World Economic Forum in Davos. The selection was a first for Read More »

Safmarine announces improved Far East ’ Indian Subcontinent coverage

AJOT | February 13, 2011 | Liner Shipping

Shipping line Safmarine has upgraded its existing Far East - Indian Subcontinent portfolio by introducing a new direct service, which will connect the Far East and main ports in West India and Pakistan. The service commences on 17 February 2011, with the Read More »

Safmarine offers new 225 service with direct calls in WAF and MED


AJOT | February 13, 2011 | Liner Shipping

Safmarine has enhanced its '225' fully-containerized service between South Africa and West Africa by connecting West Africa via Dakar and Algeciras. The new weekly service, with high reefer capacity, will operate six vessels of 1100 teu (nominal) with dir Read More »

Shipco expands service coverage from Asia to Istanbul

AJOT | February 13, 2011 | Liner Shipping

Shipco Transport, one of the world's leading neutral consolidators, has over recent months launched a number of new direct services from the Far East to Turkey. The services link several Asia key origins - Shanghai, Shenzhen, Qingdao and Busan to one of t Read More »

Shipping lines see steady TransPacific growth, relative supply/demand balance in 2011

AJOT | February 13, 2011 | Liner Shipping

Cargo demand will continue to improve during 2011 as the U.S. economy recovers, roughly in line with new vessel capacity entering the Asia-U.S. trade lane over that period. With a traditional third quarter peak season now considered likely, container line Read More »

Cleartrade gets Singapore approval to launch ship futures screen

AJOT | February 03, 2011 | Breakbulk & Projects

Cleartrade Exchange has received regulatory approval to launch a global trading platform for the $27 billion dry bulk freight derivatives market, its managing director.

The Monetary Authority of Singapore granted "regulatory approval in principle" to Read More »

PortVision appoints Perduto as Director of Transportation and Government Business Dev.

AJOT | February 03, 2011 | Ports & Terminals

PortVision®, a leading provider of business intelligence solutions for the maritime industry, announced the appointment of James Perduto as Director of Transportation and Government Business Development. Based in New York, James assumes responsibility fo Read More »

Dozens of vessels abandon Australia, rates drop on cyclone

AJOT | February 03, 2011 | Ports & Terminals

Dozens of dry bulk carriers have abandoned plans to pick-up coal, sugar and other cargo in Australia due to Cyclone Yasi and have rerouted to the Atlantic in hopes of new business, shipbrokers said.

Floods and cyclones in Queensland have severely disr Read More »

Egypt ports struggle to cope with labor shortages

AJOT | February 03, 2011 | Ports & Terminals

Egypt's ports are struggling to cope with staff shortages and tight fuel supplies and a growing backlog of ships is waiting to discharge as unrest continues to disrupt the economy, shipping sources said.

Opponents and supporters of President Hosni Mub Read More »

Essar Shipping Q3 net rises as port biz turns around

AJOT | February 03, 2011 | Ports & Terminals

India's Essar Shipping Ports & Logistics, the country's second largest private sector port operator, reported a 27 percent rise in Oct-Dec net profit, supported by its ports business that swung to profit.

Throughput at its ports during the quarter was Read More »

CN, Montreal Port Authority, Montreal Gateway Terminals, Termont Montreal reach agreements…

AJOT | February 03, 2011 | Intermodal

CN, the Montreal Port Authority (MPA) and the two companies that operate the port's three key container terminals announced today two level of service agreements (LSAs) that will drive a strong focus on supply chain efficiencies.

The two agreements - Read More »

Con-way sees prices for trucking improving

AJOT | February 03, 2011 | Intermodal

Con-way Inc said prices for trucking are rising as capacity tightens.

"Pricing is not on a declining trajectory; it's on an improving trajectory," Herb Schmidt, president of Con-way Truckload, said on an analyst call on Thursday. Read More »

Ryder operating profit rises, outlook strong

AJOT | February 03, 2011 | Intermodal

Trucking and logistics company Ryder System Inc reported higher-than-expected quarterly profit and forecast double-digit revenue growth this year, lifting its shares by 4 percent.

Fourth-quarter results benefited from stronger commercial rentals and u Read More »

US Republicans to press trade rep. on Obama agenda

AJOT | February 03, 2011 | International Trade

U.S. Trade Representative Ron Kirk will be pressed to lay out President Barack Obama's trade priorities for 2011 when testifies before a congressional trade panel, a Republican congressman said.

"I look forward to hearing Ambassador Kirk in his first Read More »

Chili’s taps into Russian consumer boom

AJOT | February 03, 2011 | International Trade

Ribs-and-cocktails restaurant chain Chili's opened its first restaurant in Moscow on Wednesday, joining a throng of companies keen to cash in on Russia's consumer spending boom and growing middle class.

The company, owned by Brinker International Inc Read More »

Cargill to build new corn mill in Brazil

AJOT | February 03, 2011 | International Trade

Leading commodities trader Cargill said it would invest 350 million reais ($212 million) to build a new corn processing mill in Brazil, another sign of growing local demand in one of the world's largest agricultural producers and exporters.

The new pl Read More »

Indonesia’s Jan Sulawesi cocoa exports fall 50%

AJOT | February 03, 2011 | International Trade

Exports of cocoa beans from Indonesia's main growing area of Sulawesi island fell 55 percent in January against the same month a year ago as a result of wet weather, data showed.

Indonesian exporters shipped 11,634.66 tons in January, from 25,920 tons Read More »

Booming trade causes friction between Brazil and China

AJOT | February 03, 2011 | International Trade

Blossoming trade between Brazil and China has brought benefits to both economies but also caused increasing strains as Brazilian manufacturers struggle to compete with a wave of Chinese imports.

Here are some facts about trade between the two fast-gro Read More »

Statisticians hunt better ways to count trade figures

AJOT | February 03, 2011 | International Trade

In an age of global supply chains, trade figures give an increasingly misleading picture of what is going on -- and trade statisticians are out to change that. Trade figures have become politically explosive -- witness the sensitivity of the U.S. deficit Read More »

Nestle to invest $70 mlllion on South.Africa expansion

AJOT | February 03, 2011 | International Trade

Nestle is spending $70 million on expanding its business in South Africa, as the world's biggest food group sharpens its focus on emerging markets.

Nestle said in a statement on Wednesday it will spend around 500 million rand ($70 million) on a new ce Read More »