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BlueGrace Logistics Launches TOP Program

GlobeNewswire | September 29, 2014 | Transport Intermediaries

BlueGrace recently announced the launch of the TOP Program, providing exclusive incentives and benefits to join BlueGrace’s award-winning franchise network. Read More »

Fire at Sicily’s Milazzo Oil Refinery Hampers Vessels’ Operations

AJOT | September 29, 2014 | Energy | Maritime

Fire at Sicily’s Milazzo Oil Refinery Hampers Vessels’ Operations

Inchcape Shipping Services, the world's leading maritime services provider, is advising of extensive disruption after a fire broke out Friday afternoon (27 September) at Italy’s energy giant Eni and Kuwait Petroleum’s jointly owned Milazzo oil refinery, near the northeast coast of Sicily. Read More »

Magellan starts commercial service on Bridgetex pipeline

Reuters | September 29, 2014 | Energy | Pipeline

Magellan Midstream Partners LP said it started commercial service on Monday on its 300,000 barrel-per-day Bridgetex pipeline moving crude oil from West Texas to the Houston area. Read More »

Nordic American Tankers Limited Involved in Rescuing 150 Persons

GlobeNewswire | September 29, 2014 | Liner Shipping

Nordic American Tankers Limited (“NAT” or “the Company”) announced today that one of the Company’s vessels, the Nordic Passat, performed a rescue operation, involving 150 people in the Mediterranean last Saturday afternoon, September 27, 2014. Read More »

Long-range oil product tanker rates fall on slow cargo bookings

Reuters | September 29, 2014 | Liner Shipping

Rates in the long-range tanker market for transporting oil products softened on Monday as lighter bookings took a toll on sentiment. Read More »

EnLink buys Henry Hub and other Louisiana gas pipelines from Chevron

Reuters | September 29, 2014 | Energy | Pipeline

EnLink Midstream said on Monday it had signed a $235 million deal with Chevron Corp to buy natural gas pipelines in Southern Louisiana, including those linked to the Henry Hub supply point that sets U.S. futures prices. Read More »

Collision delays Suez Canal traffic (Video)

Reuters | September 29, 2014 | Ports & Terminals | Canal and Waterway

Collision delays Suez Canal traffic (Video)

Two container ships collided at the northern end of Egypt’s Suez Canal, delaying traffic through a vital global trade route, shipping sources said on Monday. Read More »

New York New Jersey Port approves Greenville yard redevelopment

AJOT | September 29, 2014 | Intermodal | Rail | Ports & Terminals | Ports | Container Port

Plans for New Ship-To-Rail Facility and Upgraded Cross-Hudson Barge Service will Reduce Truck Traffic on Local Roads, Improve the Environment Read More »

Radiant Logistics Announces Further Expansion of Adcom Network

PR Newswire | September 29, 2014 | Transport Intermediaries

Radiant Logistics, Inc., a domestic and international logistics services company, today announced the further expansion of its Adcom network with new locations in Tulsa and Oklahoma City, Oklahoma. Read More »

Suez Canal revenue rises 12 pct to $510 mln in August

Reuters | September 29, 2014 | Ports & Terminals | Canal and Waterway

Revenues from Egypt’s Suez Canal reached $510 million in August, a 12 percent increase on the same month the previous year, the state information website said on Saturday. Read More »

Commodity Prices Retreat to Lowest Level of 2014: Scotiabank

Marketwired | September 29, 2014 | International Trade

Scotiabank’s Commodity Price Index lost ground in August, declining a sharp 5.4% month-over-month (m/m). According to the report, while the All Items Index remained 3.3% above the late 2013 bottom, commodity prices could well retest this low in September. Read More »

China to overhaul coal resource taxes

Reuters | September 29, 2014 | International Trade

China will impose a new resource tax on coal from Dec. 1 and will cancel a series of existing charges, its cabinet said on Monday, in a move to simplify the tax structure for struggling coal producers. Read More »

US river freight system near breaking point as huge harvest looms

Reuters | September 29, 2014 | Liner Shipping

With a record U.S. harvest just coming in, the river transportation system that is at the heart of the nation’s farm economy is overstrained by rising demand for shipping capacity, a low barge inventory, and a dilapidated lock system. Read More »

S.Korean refiners look to diversify, may take more US condensate

Reuters | September 29, 2014 | Energy

South Korean refiners faced with weak margins want to cut costs by diversifying away from their traditional crude suppliers in the Middle East, and U.S. condensate could be an attractive option now that a long-standing U.S. export ban has been eased. Read More »

Protester disrupts Australia rail line into world’s biggest coal terminal

Reuters | September 28, 2014 | Intermodal | Rail

A protester has disrupted train movements into Australia’s Newcastle port, the world’s largest coal export terminal, the national rail network operator said on Monday. Read More »

MOU Signing Between Houston and Antwerp Ports Set

GlobeNewswire | September 28, 2014 | Breakbulk & Projects

A Memorandum of Understanding is scheduled to be signed by the Port of Houston Authority and the Port of Antwerp Monday, September 29, in conjunction with the kickoff of the 2014 Breakbulk Americas Conference. Read More »

Maersk TP3 service changes in Newark NJ (wks 39-41)

AJOT | September 28, 2014 | Liner Shipping | Ports & Terminals | Ports | Container Port

Maersk has recently experienced vessel delays in Vancouver and in Asia, affecting the TP3 service. Maersk advises that that based on current vessel schedules (still subject to change) they expect to see the following variations in TP3 service. Read More »

OOCL launches competitive China New Zealand Service (CNS) in November

AJOT | September 28, 2014 | Liner Shipping | Ports & Terminals | Ports | Container Port

Following the announcement on the new joint service to the market dated on August 22, Orient Overseas Container Line (OOCL) is pleased to announce further details of the service branded as the China New Zealand service (CNS).

 Read More »

BHP Billiton and Pemex Sign Agreement to Exchange Deepwater Expertise

AJOT | September 28, 2014 | Energy | Discovery

Companies seek to build a mutually beneficial long-term relationship. BHP Billiton has exceptional history and capability in offshore exploration and production Read More »

Russia Targets Oil Oligarch Yevtushenkov

Reuters | September 28, 2014 | Energy | International Trade

Russia moved to wrest control of an oil company from oligarch Vladimir Yevtushenkov on Friday, seizing his conglomerate Sistema's shares in the firm and deepening investors' fears the Kremlin wants to reclaim prized state assets. Read More »

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