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£383 Billion Infrastructure Pipeline Announced

PR Newswire | July 24, 2014 | Energy | Pipeline

The Government has today published its updated National Infrastructure Pipeline, which shows that planned infrastructure investment has now increased to £383 billion up to 2020 and beyond. Read More »

Lufthansa Cargo greets Japan with “Konnichiwa” MD-11freighter becomes flying ambassador

AJOT | July 24, 2014 | Air Cargo

An MD-11 freighter in the Lufthansa Cargo fleet will in future be bearing the name “Konnichiwa Japan” (Good Day Japan) on flights in the carrier’s global network. Read More »

CBP Announces Additional Partnerships to Promote Trade and Travel

AJOT | July 24, 2014 | International Trade

CBP announces 16 new reimbursable services agreements to promote economic growth in cross-border trade and travel across the country Read More »

Brian Hall Joins Bouchard Transportation Co., Inc. As Southern Port Captain / Vetting Manager

AJOT | July 24, 2014 | Ports & Terminals

Brian Hall Joins Bouchard Transportation Co., Inc. As Southern Port Captain / Vetting Manager

Retired Active Duty Coast Guard Commanding Officer Brian Hall has joined Bouchard Transportation Co., Inc., the nation’s largest independently-owned ocean-going petroleum barge company, as Southern Port Captain / Vetting Manager. Read More »

Yemen resumes oil flow after pipeline repair, 7 killed

Reuters | July 24, 2014 | Energy | Pipeline

Yemen resumed pumping crude oil through its main export pipeline on Thursday, an oil official said, after repairs took place under army protection and seven people were killed in brief clashes between solders and tribesmen. Read More »

ICTSI inks innovative loan facility program

AJOT | July 24, 2014 | Ports & Terminals

International Container Terminal Services, Inc. (ICTSI) successfully closed and signed today an inaugural Loan Facility Program (the Program) and a USD350 million syndicated revolving credit facility (the Revolving Facility) with a large group of international and domestic banks. Read More »

CAGTC Applauds Congresswoman Hahn’s Call to Improve the Freight System

AJOT | July 24, 2014 | Intermodal

Congresswoman Janice Hahn (D-CA) last week introduced a bill to improve the nation’s goods-moving system through strategic infrastructure investments. Read More »

MOL’s LNG Carriers are Commended for ‘FY2013 Best Quality Ship Award’

AJOT | July 24, 2014 | Liner Shipping

MOL’s LNG Carriers are Commended for ‘FY2013 Best Quality Ship Award’

President Muto Meets with Captain and Chief Engineer, Exchanging Views and Working to Establish a More Solid Safe Operation System Read More »

Asia Dry Bulk-Capesize market seen flat to higher as owners resist lower rates

Reuters | July 24, 2014 | Breakbulk & Projects

Rates for capesize bulk carriers on key Asian routes could remain flat or show marginal improvement next week as ship owners resist attempts by cargo owners to depress freight prices, ship brokers said. Read More »

DP World H1 gross container volumes up 10.7 pct y/y

Reuters | July 24, 2014 | Ports & Terminals

DP World , one of the world’s biggest port operators, said on Thursday that its gross container volumes rose 10.7 percent from a year earlier in the first half of 2014. Read More »

U.S. sells first condensate to Asia in at least 40 years

Reuters | July 24, 2014 | Energy | Maritime

South Korea and Japan have purchased the first condensate, or ultra-light oil, from the United States since the easing of a 40-year-old ban on U.S. crude oil exports, sources familiar with the matter told Reuters on Thursday. Read More »

Canada’s rail safety measures: earlier and tougher than U.S.

Reuters | July 23, 2014 | Intermodal

Canada quietly issued new details on rail safety regulation last week that included specifications for the next generation of tank cars that are tougher than some of the options proposed by the U.S. Department of Transportation on Wednesday. Read More »

Hamburg Süd GRI for US to the Middle East and India/Pakistan

AJOT | July 23, 2014 | Liner Shipping

Effective September 1, 2014, a General Rate Increase (GRI) will be applied to all cargo moving from the United States to the Middle East & India/Pakistan. Read More »

Israel scrambles to restore foreign flights to Tel Aviv

Reuters | July 23, 2014 | Air Cargo

Israel tried on Wednesday to get U.S. and European commercial flights to Tel Aviv restored after some carriers suspended services, insisting its main airport there was safe despite being targeted by Palestinian rockets. Read More »

EU freezes assets of two firms accused of supplying oil to Syria

Reuters | July 23, 2014 | Energy

The European Union on Wednesday froze the assets of two oil- trading firms accused of organising covert shipments of oil to Syria. Read More »

Russia may ban food imports from Ukraine

Reuters | July 23, 2014 | International Trade

Russia may suspend all food imports from Ukraine because of Kiev's trade deal with the European Union, state news agency RIA Novosti reported on Wednesday citing Russian veterinary and phytosanitary service Rosselkhoznadzor. Read More »

Starbucks seeks to expand in cafe-clogged Vietnam

Reuters | July 23, 2014 | International Trade

With more coffee shops per square mile than probably anywhere on earth, opening a cafe in Vietnam's capital could be a bit of a gamble. This week, U.S. coffee chain Starbucks is opening three of them. Read More »

Yum China severs ties with owner of plant in meat scandal

Reuters | July 23, 2014 | International Trade

Yum Brands Inc's China division has stopped buying from OSI China, after Shanghai police detained five people connected to the meat supplier's factory at the center of a new food safety scandal, Yum said. Read More »

Apple revenue lags Street’s view despite strong China growth

Reuters | July 23, 2014 | International Trade

Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue, but revenue surged 28 percent in greater China despite stiff competition in its third-largest market. Read More »

EBay plans to expand in Russia despite sanctions

Reuters | July 23, 2014 | International Trade

Internet auction site eBay Inc said it planned to expand in Russia, still its top priority among emerging markets even though the country faces increasing Western sanctions over the Ukraine crisis. Read More »

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