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Protesters in Brazil end blockade of Vale iron ore railway

Reuters | September 27, 2014 | Intermodal | Rail

Brazilian miner Vale SA said the railway used to transport iron ore to an Atlantic Ocean port from its Carajas mine in the Amazon region has been reopened after protesters blocked the tracks for over four days. Read More »

BHP Billiton to cut capital spending in its petroleum division

George Lauriat | September 26, 2014 | Energy | Discovery | International Trade | Ports & Terminals | Ports | Wet Bulk Port | Dry Bulk Port

BHP Billiton, the Australian mining and oil giant, will cut capital spending in its petroleum division by $279 million in 2015, the company announced in its annual report. The trend follows that of other major oil and gas companies. Major producers including Shell, Chevron and Total have all announced plans this year plans to pull back on capital expenditures. Read More »

USCG says Phnom Penh Autonomous Port no longer maintaining effective anti-terrorism measures.

AJOT | September 26, 2014 | International Trade | Liner Shipping | Ports & Terminals | Regulatory Issues

The U.S. Coast Guard has determined that the Phnom Penh Autonomous Port and the Sihanoukville Autonomous Port in Cambodia are no longer maintaining effective anti-terrorism measures. The previous exception of these ports from the actions required [imposition of conditions of entry on vessels arriving to the United States] is rescinded. Read More »

European refiners get rare boost from late-year U.S. demand

Reuters | September 26, 2014 | Energy | Refinery

A late-year rush for gasoline in the United States is creating unexpected demand for imported cargoes and giving struggling European refineries a welcome autumn boost. Read More »

Vale says strikes lease deal with China Merchants over ore ships

Reuters | September 26, 2014 | International Trade

Brazil’s iron ore miner Vale SA said on Friday it secured a deal with China Merchants Group to lease for 25 years as many as 10 very large ore carriers, which will be built by China Merchants, to ship ore from Brazil to mainland China. Read More »

Global LNG-Prices edge higher; PNG plant reaches full capacity

Reuters | September 26, 2014 | Energy

Asian spot liquefied natural gas prices continued to climb higher this week as a few buyers started to show interest in winter cargoes, although ample supply and healthy inventory levels capped gains. Read More »

Asia-Europe container freight rates down 9.5 pct this week -source

Reuters | September 26, 2014 | Liner Shipping

Shipping freight rates for the transport of containers from ports in Asia to Northern Europe fell by 9.5 percent to $822 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index said. Read More »

Oil spill at Quintero Bay, Chile

AJOT | September 25, 2014 | Ports & Terminals

Inchcape Shipping Services (ISS) Chile is advising of an oil spill at Quintero Bay, Nr Valparaiso, Chile, following an incident on Thursday 24th September at the Monobuoy Terminal when the MT Mimosa cut off hoses and cargo connection, resulting in a spill of around three cubic metres at sea. Read More »

Evergreen expands Asia - South Africa network 

AJOT | September 25, 2014 | Liner Shipping

In order to offer a more comprehensive service on the Asia-South Africa trade, Evergreen Line will adjust its existing joint service with COSCO as well as contribute vessels to the service currently operated by K Line, MOL and PIL. Read More »

DHL parcelcopter launches initial operations for research purposes  

AJOT | September 25, 2014 | Transport Intermediaries

DHL Parcel will soon launch a unique pilot project on the North Sea island of Juist: For the first time worldwide, medications and other urgently needed goods will be delivered to the island at certain times of the day by DHL parcelcopter. Read More »

BDP strengthens India presence

AJOT | September 25, 2014 | Transport Intermediaries

Global logistics and transportation management company, BDP International, Inc. (BDP), has integrated the operations of Unique Global Logistics Ptl Ltd (UGL), it was announced by the companies’ respective boards of directors. BDP’s Indian partner since 2008, UGL is known for its depth of experience in integrated logistics for multinational clients in the oil and gas, wind energy and project sectors. Read More »

Port of Everett seaport adds lift capacity

AJOT | September 25, 2014 | Ports & Terminals

The Port of Everett Seaport is adding additional lift capacity to its operations in March 2015, with the purchase of a new, 150-ton GHMK 7608 mobile harbor crane. Read More »

Japan, US remain apart in trade talks, dealing blow for TPP

Reuters | September 25, 2014 | International Trade

Japan and the United States failed to make progress in bilateral talks, both sides said, dealing a blow for hopes of sealing an ambitious multilateral trade deal this year. Read More »

Germany wants investment clause scrapped in EU-Canada trade deal

Reuters | September 25, 2014 | International Trade

Germany will not sign a trade pact between Canada and the European Union unless an investment protection clause allowing companies to take cross-border legal action against governments is scrapped, Germany's economy minister said. Read More »

Anti-trust order clears road for India’s generic car parts market

Reuters | September 25, 2014 | International Trade

Thousands of tiny shops in India's biggest auto components market do brisk business selling a bewildering array of spare parts for about a third of the official price charged by the likes of Toyota Motor Co or Volkswagen AG. Read More »

Brazil’s current account gap widens slightly in August

Reuters | September 25, 2014 | International Trade

Brazil's current account deficit widened slightly in August from a year ago as exports remained weak, but the external gap this year will likely not surpass that of 2013 despite a drop in commodity prices, the central bank said. Read More »

Russia’s reputation as reliable trade partner is a key value

Reuters | September 25, 2014 | International Trade

Russia, one of the world's largest wheat exporters, will use only state purchases of grain from the domestic market if it needs to regulate its market, Agriculture Minister Nikolai Fyodorov said. Read More »

ISS supports port infrastructure development project in Tanzania

AJOT | September 25, 2014 | Ports & Terminals

Inchcape Shipping Services (ISS) the world’s leading maritime services provider has recently managed heavy lift vessel project for Shanghai-based heavy-duty equipment manufacturer, ZPMC in Tanzania. Read More »

Manila’s port gridlock puts squeeze on Philippine economy

Reuters | September 25, 2014 | Ports & Terminals

Philippine furniture maker Betiscrafts Inc should have delivered a shipment of custom-made chairs to Middle East customers last month. Read More »

Army Corps of Engineers clears Bayport Channel for dredging

AJOT | September 25, 2014 | Ports & Terminals

Executive Director Roger Guenther announced that dredging of the Bayport channel has gotten the green light. Read More »

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