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 »

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 »

Kenya authority sets Friday deadline for striking Mombasa port workers

Reuters | July 02, 2015 | Ports & Terminals | Ports

The Kenya Ports Authority said on Thursday striking workers at the Mombasa port should resume work by Friday morning or lose their jobs, and that normal activities at East Africa’s biggest port will resume July 6. Read More »

ATA Names Stephenson Vice President of Supply Chain Security & Operations

AJOT | July 02, 2015 | Intermodal | Rail

Longtime staffer will oversee group’s security and cross-border trade issues Read More »

Port of Antwerp participates in maritime rail link with duisport

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

The Port of Antwerp and duisport are intensifying their cooperation as the Port of Antwerp will participate in the existing rail shuttle service connecting the two ports. Read More »

Sinohydro Corporation Ltd. awards Damco with logistics contract in Nigeria

AJOT | July 02, 2015 | Transport Intermediaries

Sinohydro Corporation Ltd., a leading Chinese infrastructure development contractor, has awarded Damco the contract for managing shipments to Sinohydro’s Zunguru hydroelectric power project in Nigeria. Read More »

MOL announces new name for group ship management company

AJOT | July 02, 2015 | Liner Shipping

MOL announced that effective July 2, its ship management company for dry bulkers, New Asian Shipping Company, Limited, is renamed to MOL Ship Management Company, Limited. Read More »

Hogan administration announces Maersk’s return to the Port of Baltimore

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

World’s largest container shipping company will bring 31,000 new containers per year Read More »

Charleston harbor deepening project earns key federal funding

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

U.S. Army Corps of Engineers allocates $1.303 million in federal funding for Post-45 harbor deepening project Read More »

Southeastern Freight Lines Promotes Donna Andrews to Vice President of Information Technology

AJOT | July 02, 2015 | Intermodal | Road

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced that Donna Andrews has been promoted to vice president of information technology. Read More »

Historical visit of the Chinese Prime Minister LI Keqiang at the CMA CGM Group’s headquarters

AJOT | July 02, 2015 | Liner Shipping

The CMA CGM Group was honored to receive the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation today Read More »

Port of New Orleans garners five 2015 AAPA Communications Awards

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

The American Association of Port Authorities (AAPA), the unified and recognized voice of seaports in the Americas, recognized the Port of New Orleans today with five communications awards. Winning entrants in AAPA’s 48th annual Communications Awards Program will be recognized at a Nov. 4 awards luncheon in conjunction with AAPA’s 104th Annual Convention and Expo in Miami, which runs Nov. 2-4. Read More »

Statoil, Lithuania to develop Baltic Sea LNG supply business

Reuters | July 02, 2015 | Energy | Liner Shipping

Norway’s Statoil and Lithuania’s Lietuvos Energija plan to join forces to develop a small-scale liquefied natural gas (LNG) supply operation, competing with Finnish gas utility Gasum. Read More »

Port Hedland June iron ore exports to China up 3% m/m

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

Australia’s iron ore exports to China from Port Hedland rose 3 percent to 32.61 million tonnes in June from a month earlier, while total shipments from the port hit a record high, figures released on Thursday showed. Read More »