Recent News

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 »

X2 Networks launches X2 Pay

AJOT | July 03, 2015 | Transport Intermediaries

X2 Group of Professional Logistics Networks, a global network of professional logistics specialists, today announced the debut of the newest addition to its comprehensive platform, X2 Pay. Read More »

G6 Alliance announces Asia - North America Service Enhancement

AJOT | July 03, 2015 | Liner Shipping

In response to market demand, members of the G6 Alliance today announced a service enhancement in the Asia – North America (East Coast) trade. Read More »

American Airlines Cargo extends its reach with key regional appointment

AJOT | July 03, 2015 | Air Cargo

In order to better serve its rapidly growing international network, American Airlines Cargo has appointed Richard Hartmann to the newly created position of regional sales manager – Cargo, South Asia, Middle East and Africa. In his new role, Hartmann will be in charge of both sales development in the existing countries served by the carrier in the region and also extending the airline’s reach into new territories such as Africa. Read More »

Eastern Connection names Jeff Goodfellow new Chief Financial Officer

AJOT | July 03, 2015 | Transport Intermediaries

Eastern Connection, one of the largest regional parcel carriers serving the East Coast, has named Jeff Goodfellow as Chief Financial Officer. Read More »

Investigators probe Tennessee train fire that forced evacuation

Reuters | July 03, 2015 | Intermodal | Rail

Investigators on Friday were looking into what caused a freight train carrying flammable and toxic gas to derail and catch fire in Tennessee, forcing the day-long evacuation of 5,000 people, officials said. Read More »

BP reaches $18.7 billion settlement over deadly 2010 spill

Reuters | July 03, 2015 | Energy

BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Read More »

Brazil government expects Petrobras to lose key oil rights

Reuters | July 03, 2015 | Energy

Brazil's government expects a bill ending state-run Petrobras' dominant role in key offshore oil areas to pass Congress, reversing one of President Dilma Rousseff's signature policies, a source told Reuters on Thursday. 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 »

China to lift ban on entry of miner Vale’s mega-ships

Reuters | July 03, 2015 | Breakbulk & Projects | Breakbulk

China said on Friday it will allow 400,000-deadweight tonne ships to dock at its ports, officially ending a more than three-year ban that had effectively shut out Brazilian miner Vale SA's giant vessels. Read More »

Record Singapore fuel oil trades congest port, snarl loadings

Reuters | July 03, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

Buyers trying to load record fuel oil volumes traded last month in Singapore are congesting the port's oil terminals, while land tanks are nearly full and tens of millions of barrels of marine fuel are being held in ships, traders and shipbrokers said. 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 »

Asia - North Europe container freight rates jump 60%

AJOT | July 03, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. 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 »

Kenya port workers end strike, warn of further protests

Reuters | July 03, 2015 | Ports & Terminals | Ports

Striking workers at East Africa's biggest port in Kenya's coastal city of Mombasa returned to work on Friday after being warned they could lose their jobs, but said protests over higher health care costs could resume next week. Read More »

Port of Philadelphia welcomes U.S. Senator Patrick Toomey and Secretary of Commerce Penny Pritzker

AJOT | July 02, 2015 | Ports & Terminals | Ports | Container Port

Senator Toomey and Secretary Pritzker visit Packer Avenue Marine Terminal to discuss trade and jobs with port officials Read More »

Monsanto announces potential $1 billion expansion In Louisiana

AJOT | July 02, 2015 | Breakbulk & Projects | Projects

Manufacturing project in St. Charles Parish would result in more than 500 new direct and indirect jobs Read More »