Asia - North Europe container freight rates fell 23.6% last week

Reuters | May 18, 2015 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 23.6 percent to $658 per 20-foot container (TEU) in the week ended on Friday, data from the Shanghai Containerized Freight Index showed. Read More »

UPS Delivers for the 2015 Special Olympics World Games Los Angeles

GlobeNewswire | May 17, 2015 | Breakbulk & Projects | Projects

UPS announced today that it will serve as an official supplier to the Special Olympics World Games Los Angeles 2015 (LA2015). Read More »

Penske seeks $1 billion sale of Truck-Lite

Reuters | May 17, 2015 | Intermodal | Road

Transportation services company Penske Corp is exploring a sale of Truck-Lite Co LLC, in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to $1 billion, according to people familiar with the matter. Read More »

Seattle flotilla protests Shell’s Arctic drilling plans

Reuters | May 17, 2015 | Energy | Discovery | Ports & Terminals | Ports | Wet Bulk Port

Hundreds of activists in kayaks and small boats fanned out on a Seattle bay on Saturday to protest plans by Royal Dutch Shell to resume oil exploration in the Arctic and keep two of its drilling rigs stored in the city’s port. Read More »

Qatar Petroleum to restructure in wake of oil price fall

Reuters | May 17, 2015 | Energy

State-owned Qatar Petroleum will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said. Read More »

Dubai is the Gateway to the Wider Middle East Region

PR Newswire | May 16, 2015 | International Trade

Jafza highlights the Emirate’s status as the hub to reach the thriving region of 2.5 billion consumers at Invest in Dubai seminar Read More »

Tanker attacked by Iranian craft collided with Iran oil platform in March

Reuters | May 15, 2015 | Energy | Maritime | Liner Shipping

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts have since been made to resolve the issue, the owner said on Friday. Read More »

West Coast labor disputes made shippers “The Victim”

Stas Margaronis | May 15, 2015 | Ports & Terminals

John Amos, former global transportation director for Bechtel Corporation, former Chairman of the Board of The (NITL) National Industrial Transportation League and an organizer of the Breakbulk Europe conference in Antwerp says that shippers have been the “’the victim” of the recent West Coast labor slow down. Read More »

Virgin Atlantic assists the Soles4Souls to provide Cyclone Pam victim relief

AJOT | May 15, 2015 | Air Cargo

Soles4Souls, Carnival Australia, Virgin Australia And Virgin Atlantic Cargo Provide Cyclone Pam victim relief Read More »

CN’s Claude Mongeau says Canada’s trade agenda needs a market-based regulatory regime

AJOT | May 15, 2015 | Intermodal | Rail

CN's Claude Mongeau says Canada's trade agenda needs a market-based regulatory regime that encourages continued rail investment and innovation Read More »

Japan aluminium stocks rise for 13th month, extends record

Reuters | May 15, 2015 | Breakbulk & Projects | Breakbulk

Aluminium stocks held at three major Japanese ports stood at 470,200 tonnes at the end of April, up 2.9 percent from 457,000 tonnes a month earlier, trading house Marubeni Corp said on Friday. Read More »

Greece in advanced talks with China’s Cosco on Piraeus port

Reuters | May 15, 2015 | Ports & Terminals | Ports

Greece is in advanced discussions with China’s Cosco to boost their cooperation in the country’s biggest port Piraeus , the Greek defence minister said on Friday. Read More »

Iranian shooting at clear violation of international law

Reuters | May 14, 2015 | International Trade

The Iranian navy’s shooting at a Singapore-flagged tanker in the Gulf on Thursday is a clear violation of international law, Saudi Arabia’s foreign minister said. Read More »

US Senate backs clampdown on currency cheats ahead of key trade vote

Reuters | May 14, 2015 | International Trade

U.S. senators backed tough new rules against currency manipulation ahead of an important test vote that holds the key to completing a Pacific Rim trade deal, the backbone of the Obama administration's pivot to Asia. Read More »

U.S. lawmaker wants hearing on train safety controls

Reuters | May 14, 2015 | Intermodal | Rail

USA-TRAIN/DERAILMENT-CONGRESS:U.S. lawmaker wants hearing on train safety controls Read More »

US Senate poised to breathe new life into Obama’s trade agenda

Reuters | May 14, 2015 | International Trade

President Barack Obama's trade agenda, which focuses squarely on developing stronger ties with Asia, gets a shot at new life when the U.S. Senate is set to hold an important test vote on legislation to help him complete a Pacific Rim deal. Read More »

US rejects Canada’s claim that Volcker rule violates NAFTA

Reuters | May 14, 2015 | International Trade

The White House has dismissed the Canadian government's claim that a ban on some proprietary trading on Wall Street violates a free-trade agreement, saying it has the legal right to protect its financial system. Read More »

House’s Pelosi says concerned about “fast-track” bill’s time frame

Reuters | May 14, 2015 | International Trade

U.S. House of Representatives Democratic leader Nancy Pelosi said she had concerns over the duration of a bill in Congress to give President Barack Obama "fast-track" authority to negotiate trade deals. Read More »

US trade bill clears Senate hurdle in boost to Pacific trade pact

Reuters | May 14, 2015 | International Trade

A 12-nation Pacific trade agreement cleared a crucial test in the U.S. Senate on Thursday, giving a resounding thumbs-up to legislation that holds the key to President Barack Obama's diplomatic pivot to Asia. Read More »

US trade setback more diplomatic than economic

Reuters | May 14, 2015 | International Trade

America’s claim to global economic leadership has suffered another blow. After China’s coup in getting 57 countries to join its new Asian infrastructure bank, the United States Senate has delayed a bill that would have given President Barack Obama authority to negotiate a new Pacific trade pact. Read More »