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Baosteel bets on big cost cuts at Australia iron ore project

Reuters | July 31, 2014 | Intermodal | Ports & Terminals

Chinese steel giant Baosteel Group is counting on slashing the A$7.4 billion ($6.90 billion) cost estimate for the West Pilbara Iron Ore project in Australia to justify building a new mine, rail and port that will add to a global glut of iron ore. Read More »

Norbert Dentressangle to buy US-based Jacobson for $750 million

Reuters | July 31, 2014 | Transport Intermediaries

French logistics group Norbert Dentressangle is to buy U.S.-based Jacobson Companies from private equity fund Oak Hill Capital Partners in a deal worth $750 million aimed at giving it critical mass in the United States. Read More »

Norbert Dentressangle announces acquisition of Jacobson Companies from Oak Hill Capital Partners

AJOT | July 31, 2014 | Transport Intermediaries

Norbert Dentressangle, a leading publicly traded international logistics, transport and air and sea company, has announced it has signed an agreement with the private equity firm Oak Hill Capital Partners to acquire all the shares of privately held U.S. third party logistics (3PL) provider, Jacobson Companies. Read More »

MOL Logistic launches new warehouse operation in Hong Kong

AJOT | July 31, 2014 | Transport Intermediaries

MOL Logistics (Japan) Co., Ltd. has announced that effective July 1, its subsidiary in Hong Kong, MOL Logistics (H.K.), Ltd. (Chairman: Masami Yamamoto) started operation of a new warehouse in Yuen Long, in the western part of the New Territories. The facility is MOL Logistics’ third warehouse in Hong Kong. Read More »

Global freight forwarders ‘must evolve’ to survive in new environment, says report

AJOT | July 31, 2014 | Transport Intermediaries

Declining in value by 3.3% from 2012, the freight forwarding market is facing major challenges as it fights to stay viable in a changing global environment. This is one of the main conclusions of the latest report from Ti, ‘Global Freight Forwarding 2014’. Read More »

Virgin Atlantic Cargo goes for ‘green’ container fleet

AJOT | July 31, 2014 | Air Cargo

Virgin Atlantic Cargo goes for ‘green’ container fleet

Virgin Atlantic Cargo has taken delivery of its first 802 lightweight air cargo containers and will add a further 250 new units in the coming weeks as part of its sustainability program to save fuel and reduce its carbon footprint Read More »

ANA finalizes $13 billion deal for 40 long-haul Boeing planes

Reuters | July 31, 2014 | Air Cargo | International Trade

All Nippon Airways said that it has finalised a $13 billion order for 40 Boeing wide body jets as part of the Japanese carrier's efforts to further modernise and expand its fleet. Read More »

SWISS posts stable first-half result

AJOT | July 31, 2014 | Air Cargo

SWISS reports an operating profit of CHF 118 million for the first six months of 2014, up 64 per cent on the same period last year. Read More »

LyondellBasell emerges as mystery U.S. buyer of Kurdish oil; says no more

Reuters | July 31, 2014 | Energy | Maritime

Chemicals firm LyondellBasell, owned by Ukraine-born billionaire Leonard Blavatnik, has emerged as the mystery American buyer of Kurdish crude oil this year, but said on Thursday it will not be buying any more due to an ownership dispute. Read More »

US DOE gives approval to Oregon project to export LNG

Reuters | July 31, 2014 | Energy | Maritime

The U.S. Energy Department said on Thursday it has approved Oregon LNG to export liquefied natural gas, as the Obama administration works through applications to export fuel from the domestic drilling boom to markets in Asia and Europe. Read More »

Kurdistan says crude cargo near Texas legally sold

Reuters | July 31, 2014 | Energy | Maritime

A $100 million cargo of crude oil in a tanker near Texas was legally shipped and sold by Kurdistan, lawyers for the autonomous region in Iraq told a U.S. court in a letter seen on Thursday, saying Baghdad has no right to the barrels. Read More »

Refurbished Seajacks vessels leave Shipdock Amsterdam ready to work

AJOT | July 31, 2014 | Liner Shipping

Refurbished Seajacks vessels leave Shipdock Amsterdam ready to work

‘Seajacks Leviathan’ and ‘Seajacks Kraken’ are prepared for their coming assignments, following a series of repair and renewal jobs by Shipdock Amsterdam. Read More »

Fifth tanker of Iraqi Kurdish oil loading in Turkey

Reuters | July 31, 2014 | Energy | Maritime

The fifth cargo of crude oil from Iraqi Kurdistan was loading at Turkey’s Mediterranean port of Ceyhan on Thursday and was scheduled to set sail on Friday, Turkish energy officials said. Read More »

Enterprise looks to expand Houston ethane export terminal

Reuters | July 31, 2014 | Liner Shipping

Enterprise Products Partners LP said it was looking at expanding the ethane export facility it is building on the Houston Ship Channel after winning another transport contract. Read More »

U.S. FERC approves construction of Freeport LNG export project

Reuters | July 31, 2014 | Energy | Maritime

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP’s liquefied natural gas export project in Texas. Read More »

Kurdish oil cargo unloaded at sea, destination a mystery

Reuters | July 31, 2014 | Energy | Maritime

Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the buyer and where the two tankers are headed. Read More »

Russia’s Sept oil exports from Kozmino seen at 2.5 million tons

Reuters | July 31, 2014 | Energy

Russia is expected to ship 2.5 million tonnes of ESPO crude oil blend from the Pacific port of Kozmino in September, a monthly record high, industry sources said on Thursday. Read More »

All Nippon Airways finalises $16.5 bln deal for Airbus, Boeing planes

Reuters | July 31, 2014 | Air Cargo

Japan’s All Nippon Airways said on Thursday that it has finalised $16.5 billion worth of orders for Airbus and Boeing aircraft. Read More »

Asia Dry Bulk-Capesize rates to stay flat on overcapacity, cargo woes

Reuters | July 31, 2014 | Breakbulk & Projects

Rates for capesize bulk carriers on key Asian routes are set to remain in the doldrums next week, staying flat or gaining just a few cents as an oversupply of ships weighs on cargo availability, ship brokers said. Read More »

Kerry presses India on global trade deal as deadline looms

Reuters | July 30, 2014 | International Trade

U.S. Secretary of State John Kerry, who arrived in India for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalization. Read More »

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