International Trade

AG exporters demand change from PMA and ILWU

Stas Margaronis | July 03, 2015 | International Trade

Agricultural exporters and truckers attending the Agriculture Transportation Coalition (AgTC) annual meeting in San Francisco expressed anger and frustration about losses and delays incurred during the recent cargo handling slow down at West Coast ports. Read More »

15th TOC Americas returns to Panama

AJOT | July 03, 2015 | International Trade

Panama Canal Authority CEO confirmed as keynote speaker at 15th annual forum for North and Latin America maritime container trade Read More »

Australia mining shares tumble as iron ore price at two-month low

Reuters | July 03, 2015 | International Trade

Shares in Australia's biggest iron ore miners tumbled on Friday, after the price of the steel making raw material hit the lowest in more than two months amid further evidence of growing shipments to China. Read More »

Total opens its largest lubricant oil plant in Singapore

Reuters | July 03, 2015 | International Trade

Total said on Friday it had started operations at a new lubricant oil plant in Singapore, the French energy company's largest such facility in the world, as it seeks to double volumes in Asia over the next 10 years. Read More »

Iron ore price fall a sign China’s economic might waning

Reuters | July 03, 2015 | International Trade

Iron ore prices dropped to the lowest in more than two months on Friday, sending shivers through the mining industry and heightening worries that Chinese economic activity is slowing just as ore piles up at its ports. Read More »

Tanker arrivals create volatility in U.S. oil stocks

Reuters | July 03, 2015 | Energy | Maritime | International Trade

U.S. crude stocks unexpectedly rose by almost 2.4 million barrels last week, breaking a run of eight consecutive weekly declines and sending oil prices sharply lower. Read More »

China says to maintain financial cooperation with Greece

Reuters | July 03, 2015 | International Trade

China will continue to promote two-way cooperation with Greece, including in the financial sphere, and has already responded to Greek requests amid its debt crisis, the Foreign Ministry said on Friday. Read More »

BP to Settle Federal, State and local Deepwater Horizon claims for up to $18.7 Billion

AJOT | July 02, 2015 | Energy | Maritime | International Trade

Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. Read More »

US trade rep sees Pacific trade pact before Congress by year-end

Reuters | July 01, 2015 | International Trade

U.S. Trade Representative Michael Froman said he hopes to wrap up a trade deal with 11 other Pacific Rim nations soon and send it to the U.S. Congress for approval before the end of the year. Read More »

Proposed investor court might save EU-US trade deal in European Parliament

Reuters | July 01, 2015 | International Trade

The president of the European Parliament has urged lawmakers to support a trade deal between Europe and the United States, telling them that setting up a new European court to settle trade disputes could overcome public resistance to the accord. Read More »

US, Cuba restoring diplomatic ties after 54 years

Reuters | July 01, 2015 | International Trade

U.S. President Barack Obama affirmed to Cuban President Raul Castro their decision to restore diplomatic relations and said the former Cold War enemies could reopen embassies in each other's capitals beginning July 20, the Caribbean country said. Read More »

US exporters scramble to save deals as trade bank halts new business

Reuters | July 01, 2015 | International Trade

U.S. exporters large and small scrambled to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Read More »

Meat and dairy to eclipse biofuel in agriculture demand

Reuters | July 01, 2015 | International Trade

Changing diets in emerging countries will boost global demand for meat and dairy products in the next 10 years, shifting grain supply towards livestock feed as use of crop-based biofuel is curbed by lower oil prices, the FAO and OECD said. Read More »

South Korea exports to US, China rise in June; those to EU fall

Reuters | July 01, 2015 | International Trade

South Korean exports to the United States and China both rose for the first time in months during June, preliminary data from the trade ministry showed on Wednesday, while those to the European Union continued to drop. Read More »

WSC issues guidelines for implementation of container weight verification requirements

AJOT | July 01, 2015 | International Trade

One year from today, global containerized maritime commerce will need to comply with new international regulations that require every packed container to have a verified container weight as a condition for vessel loading. Read More »

Obama, Rousseff turn page on spy spat, work on trade, travel

AJOT | June 30, 2015 | International Trade

President Barack Obama and Brazilian President Dilma Rousseff used a White House visit to turn the page on a spying scandal that had damaged bilateral relations and said they want to work to bolster economic ties. Read More »

Obama signs trade bills into law, says tough battle still ahead

Reuters | June 30, 2015 | International Trade

U.S. President Barack Obama signed into law legislation that gives him "fast-track" power to push ahead on a Pacific Rim trade deal that has been the subject of intense debate in Congress and across the nation. Read More »

USDA takes first step to import fresh beef from Brazil, Argentina

Reuters | June 30, 2015 | International Trade

Fresh beef from Brazil and Argentina will be allowed into the United States under amended regulations that specify conditions to mitigate risk of foot-and-mouth disease (FMD), the U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) said. Read More »

South African competition watchdog fines Japanese shipping firm

Reuters | June 30, 2015 | International Trade

South Africa‚Äôs competition watchdog has recommended Japanese shipping firm Nippon Yusen Kabushiki Kaisha Ltd (NYK) pay a 104 million rand ($8.5 million) penalty for price-fixing and collusion in the transport of cars. Read More »

‘Nein Danke’ - smaller German firms see US trade deal as threat

AJOT | June 29, 2015 | International Trade

Martina Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across the Atlantic. Read More »