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Chang Jiang Shipping Group Phoenix unit faces asset liquidation

Reuters | April 10, 2014 | Transport Intermediaries

A Chinese court has ordered a unit of debt-laden dry bulk goods shipper Chang Jiang Shipping Group Phoenix Co Ltd to liquidate its assets, displaying further evidence of the troubles faced by the country’s beleaguered shippers. Read More »

Greek shipping company Stalwart Tankers postpones U.S. IPO plans

Reuters | April 10, 2014 | Liner Shipping

Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to “market conditions,” an underwriter told Reuters. Read More »

NuStar joins growing crude dock expansions in south Texas

Reuters | April 10, 2014 | Ports & Terminals

The port of Corpus Christi, Texas, is undergoing its biggest expansion in years as energy companies hurriedly add docks so they can ship more crude to other U.S. ports - and perhaps one day to foreign locales as well. Read More »

Unions slow activity in Argentina with general strike

Reuters | April 10, 2014 | Ports & Terminals

Labor groups in Argentina went on a 24-hour general strike on Thursday to protest high inflation and other conditions affecting workers, slowing business activity and bringing the Rosario grain export hub to a near standstill. Read More »

Unishippers Global Logistics Reports Record Monthly Revenue of $40 Million in March

GlobeNewswire | April 10, 2014 | Breakbulk & Projects

For the first time in its over 25 year history, Unishippers Global Logistics, LLC, the nation’s first and one of the largest small package and freight shipping resellers, broke $40 million in monthly revenue in March of 2014 and overall, the company grew by 13.5 percent in revenue over the same period last year. Read More »

ASA Testifies Regarding Rail Service Issues at Surface Transportation Board Public Hearing

AJOT | April 10, 2014 | Intermodal

The American Soybean Association (ASA) emphasized the importance of addressing rail service issues and their negative impacts on soybean growers, at a public hearing before the Surface Transportation Board on Thursday. Read More »

CHS invests in deep-water port at Necochea, Argentina

PR Newswire | April 10, 2014 | Ports & Terminals

CHS Inc., North America's leading farmer-owned cooperative and a global energy, grains and foods company, today announced it has acquired 29.45 percent ownership of Sitio 0, a greenfield export terminal at Necochea, a province of Buenos Aires, Argentina. Read More »

Wheat bought by Egypt’s GASC stuck in Russian port

Reuters | April 10, 2014 | Ports & Terminals

Two wheat cargoes purchased by top global wheat buyer Egypt are stuck at Russia’s Novorossiisk port, after the trade house selling the grain had problems opening the importer’s letters of credit, traders said. Read More »

Canada grain handlers to expand as crops overwhelm system

Reuters | April 10, 2014 | Intermodal

Three Canadian grain handlers said this week that they will expand facilities to handle the country’s crops, after a record-smashing harvest overwhelmed the transportation system. Read More »

Miami-Dade Board of County Commissioners Approve PortMiami Director

AJOT | April 10, 2014 | Ports & Terminals

During this week’s Miami-Dade Board of County Commissioners Meeting, the Commission confirmed Mayor Carlos A. Gimenez’s appointment of Juan M. Kuryla as PortMiami’s new Director, succeeding Bill Johnson who is now head of Miami-Dade County’s Water and Sewer Department, the largest public utility of its kind in the Southeastern U.S. Read More »

Falling vessel rates keep Baltic sea freight index down

Reuters | April 10, 2014 | Breakbulk & Projects

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday for a 13th straight session as vessel rates continued to soften. Read More »

Chang Jiang Shipping Group Phoenix unit faces asset liquidation

Reuters | April 10, 2014 | Liner Shipping

A Chinese court has ordered a unit of debt-laden dry bulk goods shipper Chang Jiang Shipping Group Phoenix Co Ltd to liquidate its assets, displaying further evidence of the troubles faced by the country’s beleaguered shippers. Read More »

Cargill to expand Manitoba grain elevator amid crop backlog

Reuters | April 10, 2014 | Intermodal

Cargill Ltd , Canada’s third-largest grain handler, will increase storage and rail-car capacity at Morris, Manitoba, the latest in a series of expansions by Canadian grain companies. Read More »

Unions slow activity in Argentina with general strike

Reuters | April 10, 2014 | Ports & Terminals

Labor groups in Argentina went on a 24-hour general strike on Thursday to protest high inflation and other conditions affecting workers, slowing business activity and bringing the Rosario grains export hub to a near standstill. Read More »

Putin tells European leaders Ukraine debt may affect gas transit

Reuters | April 10, 2014 | International Trade

President Vladimir Putin has informed several European leaders about the “critical situation” over Ukraine’s natural gas debt and about a possible impact on the transit of gas to Europe, Russian news agencies said on Thursday. Read More »

USA Truck Accelerates Termination Date of Stockholders Rights Plan

PR Newswire | April 10, 2014 | Intermodal

USA Truck, Inc. , a leading North American transportation and logistics solutions provider, today announced that its Board of Directors has unanimously voted to terminate the Company's Stockholders' Rights Plan effective April 11, 2014. Read More »

Geospatial Intelligence for Maritime Operations: Official Brochure Release

PR Newswire | April 10, 2014 | Ports & Terminals

The first Geospatial Intelligence for Maritime Operations conference brochure has been released and is set to commence on the 24th June 2014. The conference welcomes key members of the Maritime, Port and Geospatial communities across Europe to share best practice and explore how Geospatial Intelligence will be utilised at the strategic and operational levels. Read More »

miral-Philippines’ ICTSI to invest $130 mln in Iraq port deal

Reuters | April 10, 2014 | Ports & Terminals

The Philippines’ International Container Terminal Services Inc (ICTSI) said on Thursday it had agreed to operate, develop and expand Iraq’s largest port facilities and invest $130 million in the first phase of the deal. Read More »

Mississippi River traffic may reopen Friday after barge hits Iowa bridge

Reuters | April 09, 2014 | Ports & Terminals

Mississippi River barge traffic could reopen Friday at the earliest, government officials said on Wednesday, a day after a barge struck a railroad bridge at Sabula, Iowa, forcing the closure of a two-mile (3.2 km) stretch of the country’s busiest waterway. Read More »

Streamline Shipping Spring Release Enhances Leading Logistics and Supply Chain ERP Application

PR Newswire | April 09, 2014 | Transport Intermediaries

Streamline, a cloud-based ERP software company offering pace-setting logistics and supply chain management tools, today released its Spring 2014 application enhancements. Read More »

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