WTO rules against Philippines’ spirits tax

AJOT | June 27, 2011 | International Trade

Taxes levied by the Philippines on alcoholic drinks from the European Union and United States are illegal under global trade rules, the world's trade dispute body ruled on Monday, according to sources close to the case. Read More »

Aerolineas StarPeru expands into regional freight operations with purchase of BAe 146 QT

AJOT | June 27, 2011 | Air Cargo

Fast-growing Aerolineas StarPeru is adding a BAe 146QT (Quiet Trader) freighter to its fleet of nine passenger BAe 146s and plans to introduce regional freighter operations in Peru.

The aircraft has been purchased from UK airline Titan Airways under a Read More »

DHL enhances online services to simplify global trade

AJOT | June 27, 2011 | Air Cargo

DHL, the world's leading logistics company, has enhanced two of its popular online resources to help customers better navigate the complexities of international trade, simplify online shipping and take advantage of the most powerful international express Read More »

Hainan Airlines to launch China-Russia route

AJOT | June 27, 2011 | Air Cargo

Hainan Airlines is to launch regular flights between China's northern region of Inner Mongolia and Russia next week, the official Xinhua news agency reported.

The new service between Manzhouli and Russia's Chita will operate on Thursdays and Sundays, Read More »

Singapore Air, pilots head to arbitration court over pay

AJOT | June 27, 2011 | Air Cargo

Singapore Airlines (SIA) and its pilots union are taking their salary dispute to the country's Industrial Arbitration Court (IAC), the company confirmed.

The dispute involves the parent airline, the world's second-largest carrier by market value, and Read More »

MOL to expand large-scale containership fleet

AJOT | June 27, 2011 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. announced a decision to order two containerships (8,600 TEU) from Mitsubishi Heavy Industries, Ltd., with delivery slated for 2013. Along with eight 8,100 TEU ships already in operation, the new vessels will be deployed to Read More »

NOL Group confirms order for 12 new ships

AJOT | June 27, 2011 | Liner Shipping

NOL Group today confirmed it has signed contracts with Korea's Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Samho Heavy Industries Co., Ltd to build 12 new container vessels, including ten of its largest and most efficient vessels.

The con Read More »

NOL carries 7% more cargo in 4 weeks

AJOT | June 27, 2011 | Liner Shipping

Neptune Orient Lines (NOL), the world's seventh-largest container shipping firm, said on Monday it carried 7 percent more cargo in the four weeks to June 3 from a year ago, helped by higher volumes on intra-Asia and Asia-Europe routes.

NOL carried 228 Read More »

Maersk Line contracts additional 10 Triple-E vessels

AJOT | June 27, 2011 | Liner Shipping

At a signing ceremony in Tokyo, Japan, Maersk Line exercised its option with Korea's Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build an additional 10 Triple-E ships, the world's largest and most efficient container vessels.

The event follo Read More »

US scrap exports surge to $3.36 billion in April 
to highest level ever

AJOT | June 26, 2011 | Breakbulk & Projects

The Institute of Scrap Recycling Industries, Inc. (ISRI), cited new U.S. Census Bureau data showing that by value, total scrap exports in the United States surged to $3.36 billion in April 2011, beating the prior record of $3.28 billion set in July 2008. Read More »

China’s raw material imports tell their own story

AJOT | June 26, 2011 | Breakbulk & Projects

China's full trade report for May sprung few surprises in terms of headline imports of base metals.

As flagged by the preliminary snapshot released earlier this month, net imports of refined copper were weak at 129,000 tons, albeit slightly higher tha Read More »

Diana Shipping announces time charter contract for m/v Arethusa

AJOT | June 26, 2011 | Breakbulk & Projects

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the m/v Ar Read More »

Golden Ocean sees better dry bulk market conditions

AJOT | June 26, 2011 | Breakbulk & Projects

Dry bulk freight rates will recover from abysmal levels and are likely to see better conditions than many in the market have forecast, shipper Golden Ocean said.

"Everyone agrees that we have got a period of about 18 months that will be a bit difficul Read More »

Vale diverts China ore ship for commercial reasons

AJOT | June 26, 2011 | Breakbulk & Projects

Brazilian miner Vale rerouted its China-bound giant bulk carrier Vale Brasil to Italy on its maiden voyage for commercial, not political, reasons and to allow time to finalise talks for future port deals, it said.

Vale said it rerouted 391,000 tonnes Read More »

Vale mega ships to cut freight costs by 20-25%

AJOT | June 26, 2011 | Breakbulk & Projects

Vale's mega bulk dry ships will cut freight costs from Brazil to top iron ore consumer China by 20 to 25 percent, a Vale executive told Reuters in an interview.

With the introduction of a 400,000 deadweight tonne dry bulk freighter last month, Brazili Read More »

Heavy Pallet Loaders from Canada to Russia

AJOT | June 26, 2011 | Breakbulk & Projects

Globalink Logistics Group, a WWPC Member for Kazakhstan, received a request to handle transportation of pallet loaders, weighing more then 50 tons, from Sherbrook, Canada to Sheremetyevo Airport Moscow, Russia. Globalink had to exhibit its expertise in th Read More »

Holt to build largest rooftop solar power plant in North American at Gloucester Marine Terminal

AJOT | June 26, 2011 | Ports & Terminals

Gloucester Marine Terminal announced that it is partnering with solar technology leader SunPower Corp. to build the largest rooftop solar installation in North America – a massive, 1.1 million square-foot project on the roof of the Terminal’s refrigerated Read More »

Kizad and Citi sign a Global partnership agreement

AJOT | June 26, 2011 | Ports & Terminals

Khalifa Industrial Zone Abu Dhabi (Kizad) and Citibank have signed a global partnership agreement to offer financing and banking solutions to Kizad tenants. It also represents a commitment from Citi and Kizad to work together to bring in foreign direct in Read More »

Global Ports aims for up to $572 mlllion London IPO

AJOT | June 26, 2011 | Ports & Terminals

Russian group Global Ports said it planned to raise up to $572 million from an initial public offering in London, hoping for investor interest in the fast-growing Russia container market.

Global Ports, a unit of transport and infrastructure holding gr Read More »

Saudi Arabia to spend $613 mlllion to expand ports

AJOT | June 26, 2011 | Ports & Terminals

Saudi Arabia plans to raise the capacity of its second-largest port in Dammam and may spend more than $613 million on port expansions to rival other regional ports, its transport minister said.

"All ports are subject now to expansion. We are investing Read More »