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Russia says US sanctions break WTO rules, may cause trade dispute

Reuters | July 28, 2014 | International Trade

The latest U.S. sanctions against Russia violate World Trade Organization rules and may force Moscow into a destabilizing trade dispute, Russia's ambassador told the Geneva-based trade body. Read More »

India seeks ‘visible outcomes’ on food subsidies as WTO deadline looms

Reuters | July 28, 2014 | International Trade

India will find it difficult to support new global customs rules without "an assurance and visible outcomes" that a permanent solution is being negotiated over its concerns about public food stockholdings, the trade minister said. Read More »

German business “100% behind sanctions” if Putin doesn’t help

Reuters | July 28, 2014 | International Trade

A German business leader who has previously warned against economic sanctions on Russia has come out in support of tougher action if President Vladimir Putin fails to cooperate on stabilising the situation in Ukraine. Read More »

CCNI and Hamburg Süd have signed a preliminary agreement

AJOT | July 28, 2014 | Liner Shipping

Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany have announced that they have signed a preliminary agreement whereby HSDG will acquire the container liner activities of CCNI including the related general agency functions subject to Due Diligence, execution of a Sale & Purchase Agreement and approval by the competent authorities. Read More »

Japan to open bids for Kansai, Osaka airports operating rights

Reuters | July 28, 2014 | Air Cargo

Japan will in October invite bids for the operating rights for a major international airport, an official said, in a deal expected to be among the biggest in Prime Minister Shinzo Abe's drive to draw private funds into public infrastructure. Read More »

Air France-KLM readies new plan to counter low-cost rivals

Reuters | July 28, 2014 | Air Cargo

Air France-KLM posted a sharp increase in core profit for the second quarter and announced a 2015-2020 plan on Friday to recapture market share from low-cost rivals in Europe, helping push its shares up more than 5 percent. Read More »

AirBridgeCargo to add new routes after record result

AJOT | July 28, 2014 | Air Cargo

AirBridgeCargo Airlines (ABC), Russia’s largest scheduled cargo airline and part of Volga-Dnepr Group, has started its 10th anniversary year with a record performance in the first six months of 2014 as it transported 188,354 tons of cargo across its international network, up 16% on the previous year. Read More »

Volga-Dnepr’s IL-76TD-90VD fleet sees oil and gas deliveries double in first half of 2014

AJOT | July 28, 2014 | Air Cargo

Volga-Dnepr Group’s Engineering & Logistics Center (ELC) developed a special loading frame that provided a timely and cost efficient solution for a customer moving a 30-ton oil and gas shipment onboard its IL-76TD-90VD from Johor Bahru, Malaysia, to Yuzhno-Sakhalinsk, Russia. Read More »

Natural Gas Takes the Front Stage as Fossil Fuel for Sustainable Energy Development

AJOT | July 28, 2014 | Energy

The August Edition of USA Oil and Gas Monitor 2014 is out today. Indeed, it goes without saying that there is abundance of natural gas across the globe and the call for cleaner alternative to oil fuel, CO2 and GHG emission is making gas not only the fuel of the future but also the fuel of the moment. Read More »

Quote from Robert Voltmann on Ferro Resignation, SMS Website Changes Finalized

AJOT | July 28, 2014 | Transport Intermediaries

FMCSA Administrator Anne Ferro notified agency employees that she will step down from her position at the Department of Transportation in a month, to become President of the American Association of Motor Vehicle Administrators. Read More »

PMA and ILWU Update on Contract Talks

AJOT | July 28, 2014 | Ports & Terminals

After several days of productive contract talks, both parties concluded negotiations on Friday afternoon. Read More »

Private buyers in Iran look to play bigger role in grain imports

Reuters | July 28, 2014 | International Trade

One sign of change in Iran as it works toward a nuclear deal with world powers is the way it is feeding itself, with private grain firms beginning a slow return to their traditional role as major food commodity importers. Read More »

China needs to import more food to ease water, energy shortages

Reuters | July 28, 2014 | International Trade

China should boost imports of food so it can dedicate more of its scarce water supplies to energy production, especially in arid but coal-rich regions like Xinjiang and Ningxia, a senior environmental official said on Monday. Read More »

Tanker with Iraqi Kurdish crude cleared to unload cargo off Texas

Reuters | July 27, 2014 | Energy | Maritime

A tanker carrying crude oil from Iraqi Kurdistan was cleared by the U.S. Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude. Read More »

As U.S. kicks off crude exports, Iran casts a shadow in Asia

Reuters | July 27, 2014 | Energy | International Trade

The United States faces an awkward rival in its first attempts in 40 years to export crude oil - Iran. Read More »

Canada’s TransForce to buy Contrans; shares rise

Reuters | July 25, 2014 | Intermodal

Shares of Canadian trucking company TransForce Inc rose as much as 8 percent in morning trading on Friday after the company said it would buy Contrans Group Inc for about C$495 million and reported better-than-expected results. Read More »

Asia-Europe container freight rates fall 2.2 pct

Reuters | July 25, 2014 | Breakbulk & Projects

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 2.2 percent to $1,203 per 20-foot container (TEU) in the week ending on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

South Africa plans plain cigarette packaging by 2015

Reuters | July 24, 2014 | International Trade

South Africa aims to force cigarette companies to sell products in plain packets by next year, despite an ongoing World Trade Organization (WTO) investigation into Australia's ban on tobacco branding, the health minister said. Read More »

Whirlpool cuts outlook as China sales plunge ahead of merger

Reuters | July 24, 2014 | International Trade

Whirlpool Corp posted a lower-than-expected quarterly profit and cut its full-year earnings outlook, citing a sales drop triggered by its pending acquisition of a Chinese rival. Read More »

In China, Apple’s focus pays off while Samsung feels squeeze

Reuters | July 24, 2014 | International Trade

The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets. Read More »

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