U.S. West Coast refiners snap up Russian crude cargoes

Reuters | June 24, 2015 | Energy

Refiners on the U.S. West Coast and Hawaii have stepped up purchases of Russian crude, taking advantage of a narrow gap between U.S. and global prices to guard against a seasonal shortage of Alaskan supply, trade and industry sources said. Read More »

Norway rig workers agree wage deal, avoid strike

Reuters | June 24, 2015 | Energy

Norwegian offshore oil rig workers signed a new wage deal on Thursday, avoiding a strike that could have cut energy production, labour unions said. Read More »

Port of Oakland diesel emissions way down, world takes note

AJOT | June 24, 2015 | Ports & Terminals | Ports | Container Port

From Sacramento to China, a lesson in cleaning up trucks and ships Read More »

Retailers call Senate passage of TPA ‘landmark step toward tearing down trade barriers’

Reuters | June 24, 2015 | International Trade

The National Retail Federation issued the following statement from President and CEO Matthew Shay on Senate passage of Trade Promotion Authority: Read More »

US firms fear financing drought as deadline looms for trade bank

AJOT | June 24, 2015 | International Trade

A battle in Congress that could shut down the U.S. Export-Import (Ex-Im) Bank next week is already causing headaches for small exporters as they try to stop customers from defecting to foreign competitors and as export financing starts to freeze up. Read More »

Senate pushes Obama’s Pacific Rim trade pact forward

AJOT | June 24, 2015 | International Trade

President Barack Obama's call for "fast-track" trade negotiating authority to help him strike a Pacific Rim deal cleared a key hurdle in the U.S. Senate, paving the way for a final vote on the legislation. Read More »

EU industry group says trade defenses against China must stay

AJOT | June 24, 2015 | International Trade

European businesses from bicycles to steel will release a report concluding that China has a state-led and subsidized economy and should not benefit from a change of global trade rules next year. Read More »

Japan says broad agreement on Pacific trade deal possible in July

AJOT | June 24, 2015 | International Trade

A broad agreement on a Pacific rim trade deal could be reached next month, Japan's Economy Minister Akira Amari said, as the U.S. Senate moved towards a vote on giving President Barack Obama "fast-track" negotiating authority. Read More »

Australia to be sixth-biggest shareholder in AIIB

AJOT | June 24, 2015 | International Trade

The Australian government said it would contribute A$930 million ($718.9 million) over five years to the new China-led Asian Infrastructure Investment Bank (AIIB), making it the institution's sixth largest shareholder. Read More »

China seizes $483 million of smuggled meat, some 40 years old

AJOT | June 24, 2015 | International Trade

Chinese customs have seized around 3 billion yuan ($483 million) worth of smuggled meat, some more than 40 years old and rotting, the official China Daily said on Wednesday, the latest in a grim series of food safety scares. Read More »

China says door open to US, Japan joining infrastructure bank

AJOT | June 24, 2015 | International Trade

China has left the door open for the United States and Japan to join a Beijing-led infrastructure bank but the offer has so far been rebuffed, Chinese Finance Minister Lou Jiwei said. Read More »

Port of Oakland diesel emissions way down, world takes note

AJOT | June 24, 2015 | Ports & Terminals

Port of Oakland efforts to cut diesel emissions are producing dramatic results and gaining global recognition. That was the message from two events last week highlighting Port programs that target truck and vessel exhaust.   Read More »

ICTSI Oregon leads congressional effort to end West Coast labor slowdowns

AJOT | June 24, 2015 | Ports & Terminals

The Preventing Labor Union Slowdowns Act of 2015 (PLUS Act) was introduced in the US Senate to help prevent the type of maritime labor slowdowns at the Port of Portland and 28 other West Coast ports that disrupted domestic and international trade and nearly brought the U.S. economy to a standstill earlier this year. Read More »

Port of Oakland takes step to speed up cargo flow

AJOT | June 24, 2015 | Ports & Terminals

Technology familiar to rush-hour motorists may soon help accelerate containerized cargo flow through the Port of Oakland. The Port said today it’s testing sensors that measure how long harbor truckers wait to enter its marine terminals. Read More »

Maersk will continue calling at Port of Houston

AJOT | June 24, 2015 | Liner Shipping | Ports & Terminals

Maersk Line, and its affiliated shipping services, SeaLand and Safmarine, will continue to call at the Port of Houston Authority, which the carrier says is a key partner in helping provide the best service possible to its customers. Read More »

MOL Liner and MOL Asia announces senior management personnel changes

AJOT | June 24, 2015 | Liner Shipping

MOL Liner Ltd. (“MOL Liner”) and MOL Asia Ltd. (“MOL Asia) have announced that the companies had moved forward with changes in its senior management. Read More »

US to fine railroads that fail to implement PTC safety system

AJOT | June 24, 2015 | Intermodal | Rail

U.S. railroads that fail to implement a safety technology system known as positive train control, or PTC, will face federal fines beginning Jan. 1, the top federal railroad regulator said. Read More »

STB approves Louisville & Indiana Track upgrade

AJOT | June 24, 2015 | Intermodal | Rail

Anacostia Rail Holdings (ARH) and CSX announced that the U.S. Surface Transportation Board has approved a joint proposal by ARH's subsidiary, Louisville & Indiana Railroad (L&I), and CSX to upgrade a key freight corridor between Indianapolis, Indiana and Louisville, Kentucky. Read More »

China’s CITIC to invest $113 billion for ‘Silk Road’ investments

AJOT | June 24, 2015 | Intermodal | Road | Rail | Ports & Terminals

China's CITIC Ltd., the state-owned conglomerate, said that its banking, securities, trust and construction divisions will jointly invest more than 700 billion yuan ($112.79 billion) to support China's "One Belt, One Road" initiative. Read More »

Daimler Trucks reports stronger US, west European demand

AJOT | June 24, 2015 | Intermodal | Road | International Trade

Daimler Trucks' full order books in the United States and western Europe are helping to more than offset weak markets in Asia and Latin America, the company said. Read More »