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Germany’s DIHK cuts 2014 export growth forecast, citing Ukraine

Reuters | August 14, 2014 | International Trade

Germany's Chambers of Commerce cut its 2014 estimate for exports from Europe's biggest economy due to the Ukraine crisis, but said even its lower forecast would not be achievable if the standoff between Russia and the West worsened. Read More »

Porto Sudeste say Brazil iron ore terminal will start this year

Reuters | August 14, 2014 | Ports & Terminals

Trading firm Trafigura and Abu Dhabi sovereign wealth fund Mubadala said their Brazilian port for exporting iron ore will start this year, in response to a steelmaker with a contract to use the port that said the opening could be pushed back to 2015. Read More »

Phillips 66 says evaluating condensate export process, seeking clarity

Reuters | August 14, 2014 | Ports & Terminals

Independent refiner Phillips 66 said it is evaluating the export of super-light crude oil known as condensate, after two industry peers received U.S. government approval to ship it overseas after minimal processing. Read More »

TUI AG still eyes IPO or sale of Hapag-Lloyd stake

Reuters | August 14, 2014 | Liner Shipping

TUI AG is still open to a sale or flotation of its stake in container shipping company Hapag-Lloyd , its management said. Read More »

Argosy Transportation Group moves huge LPG tanks

AJOT | August 14, 2014 | Breakbulk & Projects

Argosy Transportation Group moves huge LPG tanks

Argosy Transportation Group, a member of the Cargo Equipment Experts CEE network in the USA, transported LPG tanks from Veracruz, Mexico to Georgetown, Guyana Read More »

Louis Berger to oversee Yaoundé-Douala highway segment construction in Cameroon

AJOT | August 14, 2014 | Intermodal

Louis Berger, a $1 billion global professional services corporation, has recently signed a five-year project management contract financed by local funds for the construction of the first segment of the Yaoundé-Douala highway in Cameroon. Read More »

Probe faults pilots and controller for 2013 Alaska crash

Reuters | August 14, 2014 | Air Cargo

A cargo plane's crash into a mountainside in southwest Alaska last year was caused by failure to maintain a safe altitude, which was the fault of an air traffic controller and the two pilots who died in the accident, federal regulators said. Read More »

Hacis gets main board place at Hactl

AJOT | August 14, 2014 | Air Cargo

Hong Kong Air Cargo Industry Services Limited (Hacis) – the added-value logistics subsidiary of Hong Kong’s largest cargo handler, Hactl – has been given a higher standing within the Hactl Group following the appointment of its Managing Director to the Hactl Executive Board. Read More »

Denver event aims to close gap in Walmart’s ‘Made in USA’ push

Reuters | August 14, 2014 | International Trade

Wal-Mart Stores Inc, which has pledged to buy an additional $250 billion in U.S.-made goods over the next decade, is hitting a snag as it tries to meet that promise: Some vendors keen to participate in the initiative complain that after decades of offshoring it has become impossible to domestically source even commonplace components for their products. Read More »

UPS, Fedex get approval for express services in more Chinese cities

Reuters | August 14, 2014 | Air Cargo | Intermodal

The U.S. companies had been waiting for permission to independently courier packages from businesses to consumers (B2C) via their entire Chinese networks, since a 2009 postal law largely restricted foreign firms to delivering packages from abroad. Read More »

Canadian Solar says projects to offset US duties impact

Reuters | August 13, 2014 | International Trade

Canadian Solar Inc said it expected its more profitable business of building solar power plants to help blunt the impact of a fall in margins in the United States due to the imposition of duties on solar products made in China and Taiwan. Read More »

China halts some US pork imports over feed additive use

Reuters | August 13, 2014 | International Trade

China has barred pork imports from six U.S processing plants and six cold storage facilities to enforce its ban on the use of a feed additive that promotes lean muscle growth, the U.S. Department of Agriculture said. Read More »

Google, Asian telecoms to build $300 million undersea cable to Japan

Reuters | August 13, 2014 | International Trade

Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan. Read More »

Deere posts lower quarterly profit, cuts full-year outlook

Reuters | August 13, 2014 | International Trade

Deere & Co posted a lower quarterly profit and cut its full-year outlook as declining grain prices discouraged farmers from purchasing its tractors, harvesters and other agricultural machinery. Read More »

China car dealers cheer regulators’ drive to curb brands pricing power

Reuters | August 13, 2014 | International Trade

An anti-trust probe into global auto makers is being cheered on by car dealers in China, who say that companies such as Audi and Mercedes-Benz have been exploiting their dominance to boost profits in ways that would not be tolerated in Western markets. Read More »

China sacks anti-monopoly adviser over Qualcomm payment

Reuters | August 13, 2014 | International Trade

A Chinese academic who sat on a government anti-monopoly advisory committee has been sacked, official news agency Xinhua reported, saying he had taken payments from U.S. chipmaker Qualcomm Inc. Read More »

India’s Sun Pharma posts Q1 profit on strong US sales

Reuters | August 13, 2014 | International Trade

Sun Pharmaceutical Industries Ltd , India's largest drugmaker by market value, reported a better-than-expected first-quarter profit, reflecting higher sales in its largest market, the United States. Read More »

BOJ warns of sluggish export recovery in Japan

Reuters | August 13, 2014 | International Trade

Sluggish Asian demand and a shift in Japanese production overseas will continue to weigh on exports, the Bank of Japan said, underscoring its waning conviction that overseas shipments will soon pick up and support a fragile economic recovery. Read More »

Australia’s Victoria state hires Morgan Stanley to sell port

Reuters | August 13, 2014 | Ports & Terminals

Australia's Victoria state said it has hired Morgan Stanley to sell the lease for the Port of Melbourne, the country's largest container and general cargo port, in a deal local media estimated may fetch A$6 billion ($5.57 billion). Read More »

Australia warns of poor outlook for Great Barrier Reef

Reuters | August 13, 2014 | Ports & Terminals

Australia's Great Barrier Reef remains under threat despite efforts to rein in major sources of damage to the World Heritage-listed icon, the government said. Read More »

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