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Sunrise Orient on the rocks

AJOT | July 10, 2014 | Photos

Sunrise Orient on the rocks

A small Vietnamese freighter Sunrise Orient on the rocks of the island of Cheung Chau, near Hong Kong. Read More »

New China feed grain rule unworkable: US export group

Reuters | July 25, 2014 | International Trade

The biggest U.S. grain export association called on China to rescind its latest restriction of a GMO corn strain, saying the new demand was unworkable. Read More »

Sluggish Latin American results show risks for US companies

Reuters | July 25, 2014 | International Trade

U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth. Read More »

Nucor confident of favorable rulings vs steel import ‘tsunami’

Reuters | July 25, 2014 | International Trade

Emboldened by a recent favorable ruling for U.S. steelmakers in a steel pipe trade case, Nucor Corp said it was confident the industry was poised for more success in future cases as it works to stem "a tsunami of imported steel." Read More »

China issues new rules on US DDG imports

Reuters | July 25, 2014 | International Trade

China's Import Inspection Authority, AQSIQ, is now requiring U.S. distiller's dried grains imports to be officially certified free of the MIR 162 GMO trait, the U.S. Grains Council, an export trade group, said in a letter emailed to Reuters by a trade source. Read More »

China Telecom to sell Microsoft’s Xbox One from September

Reuters | July 25, 2014 | International Trade

China Telecom Corp Ltd will sell Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said. Read More »

In China meat scandal, McDonald’s Japan switches to Thai chicken, no nuggets in Hong Kong

Reuters | July 25, 2014 | International Trade

McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the centre of a food safety scare in China. Read More »

McDonald’s suspends sale of chicken nuggets and other items in Hong Kong

Reuters | July 25, 2014 | International Trade

McDonald's Corp said it has suspended sales of its chicken nuggets and other items in Hong Kong after it acknowledged it had imported products from Shanghai Husi Food, the company at the centre of a food safety scare in China. Read More »

General Motors may put Brazil workers on paid leave

Reuters | July 25, 2014 | International Trade

General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said, amid falling output in Latin America's largest economy. Read More »

Mazda recalls US cars with faulty Takata air bags

Reuters | July 25, 2014 | International Trade

Japan's Mazda Motor Corp will broaden a recall of cars sold in the United States because an air-bag inflator, supplied by Japan's Takata Corp, could rupture and seriously injure occupants. Read More »

Russia says US sanctions break WTO rules, may cause trade dispute

Reuters | July 25, 2014 | International Trade

The latest U.S. sanctions against Russia violate World Trade Organization rules and may force Moscow into a destabilizing trade dispute, Russia's ambassador told the Geneva-based trade body. Read More »

India seeks ‘visible outcomes’ on food subsidies as WTO deadline looms

Reuters | July 25, 2014 | International Trade

India will find it difficult to support new global customs rules without "an assurance and visible outcomes" that a permanent solution is being negotiated over its concerns about public food stockholdings, the trade minister said. Read More »

German business “100% behind sanctions” if Putin doesn’t help

Reuters | July 25, 2014 | International Trade

A German business leader who has previously warned against economic sanctions on Russia has come out in support of tougher action if President Vladimir Putin fails to cooperate on stabilising the situation in Ukraine. Read More »

CCNI and Hamburg Süd have signed a preliminary agreement

AJOT | July 25, 2014 | Liner Shipping

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany have announced that they have signed a preliminary agreement whereby HSDG will acquire the container liner activities of CCNI including the related general agency functions subject to Due Diligence, execution of a Sale & Purchase Agreement and approval by the competent authorities. Read More »

Japan to open bids for Kansai, Osaka airports operating rights

Reuters | July 25, 2014 | Air Cargo

Japan will in October invite bids for the operating rights for a major international airport, an official said, in a deal expected to be among the biggest in Prime Minister Shinzo Abe's drive to draw private funds into public infrastructure. Read More »

Air France-KLM readies new plan to counter low-cost rivals

Reuters | July 25, 2014 | Air Cargo

Air France-KLM posted a sharp increase in core profit for the second quarter and announced a 2015-2020 plan on Friday to recapture market share from low-cost rivals in Europe, helping push its shares up more than 5 percent. Read More »

AirBridgeCargo to add new routes after record result

AJOT | July 25, 2014 | Air Cargo

AirBridgeCargo Airlines (ABC), Russia’s largest scheduled cargo airline and part of Volga-Dnepr Group, has started its 10th anniversary year with a record performance in the first six months of 2014 as it transported 188,354 tons of cargo across its international network, up 16% on the previous year. Read More »

Volga-Dnepr’s IL-76TD-90VD fleet sees oil and gas deliveries double in first half of 2014

AJOT | July 25, 2014 | Air Cargo

Volga-Dnepr Group’s Engineering & Logistics Center (ELC) developed a special loading frame that provided a timely and cost efficient solution for a customer moving a 30-ton oil and gas shipment onboard its IL-76TD-90VD from Johor Bahru, Malaysia, to Yuzhno-Sakhalinsk, Russia. Read More »

South Africa plans plain cigarette packaging by 2015

Reuters | July 24, 2014 | International Trade

South Africa aims to force cigarette companies to sell products in plain packets by next year, despite an ongoing World Trade Organization (WTO) investigation into Australia's ban on tobacco branding, the health minister said. Read More »

Whirlpool cuts outlook as China sales plunge ahead of merger

Reuters | July 24, 2014 | International Trade

Whirlpool Corp posted a lower-than-expected quarterly profit and cut its full-year earnings outlook, citing a sales drop triggered by its pending acquisition of a Chinese rival. Read More »

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