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McAllister Towing celebrates 150 years

AJOT | September 24, 2014 | Intermodal

McAllister Towing celebrates 150 years

McAllister Towing, a fifth generation family tugboat company based in NYC, celebrated its 150th year in the maritime industry. Read More »

Maersk Drilling wins two year extension in Angola worth $387 million

Reuters | September 24, 2014 | Energy | Discovery

The head of Maersk Drilling said on Wednesday the A.P. Moller-Maersk unit has won a two-year extension for its Maersk Deliverer deepwater rig worth $387 million. Read More »

Maersk says MSC alliance to save it $350 a year

Reuters | September 24, 2014 | Liner Shipping

Maersk Line’s shipping alliance with Mediterranean Shipping Company (MSC), yet to come into force pending regulatory nods, will save the Danish company $350 million a year due to reduced costs, it said in a presentation to analysts on Wednesday. Read More »

Chinese steel transporter says $326 million of loans overdue, chairman arrested

Reuters | September 23, 2014 | International Trade

Chinese steel transporter Anhui Wanjiang Logistics said 2 billion yuan ($326 million) of its loans were overdue and its chairman had been detained by police, in the latest sign of strain in the country’s troubled steel sector. Read More »

Three Long Beach Terminals temporarily close

AJOT | September 23, 2014 | Ports & Terminals

Three terminals at the Port of Long Beach have temporarily discontinued operations for the first shift on Tuesday, Sept. 23, due to smoke from the fire at the neighboring Port of Los Angeles. Read More »

Putin warns Ukraine against implementing EU deal

Reuters | September 23, 2014 | International Trade

Moscow will curtail Ukraine's access to vital Russian markets if Kiev implements any part of a trade agreement with the European Union, President Vladimir Putin warned in a letter, toughening his stance on a deal at the centre of East-West tensions. Read More »

WTO cuts world trade growth forecasts for 2014 and 2015

Reuters | September 23, 2014 | International Trade

Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World Trade Organization said. Read More »

CMA CGM joint service between North East Asia, Australia and New Zealand with CSCL, OOCL, PIL

AJOT | September 23, 2014 | Liner Shipping

CMA CGM joint service between North East Asia, Australia and New Zealand with CSCL, OOCL, PIL

CMA CGM S.A. (CMA CGM) has announced the rotation of its new service in co-operation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), in the North East Asia, Australia and New Zealand Trade, commencing from Shanghai in early November 2014. Read More »

New dawn for Mexican steel puts Brazil in the shade

Reuters | September 23, 2014 | International Trade

Mexico is emerging as the preferred choice for investors in Latin American steel making as a landmark energy reform and exposure to a U.S. recovery help outshine regional rival Brazil, where the gloom of recession has taken hold. Read More »

Microsoft Xbox One set to launch in China on September 29

Reuters | September 23, 2014 | International Trade

Microsoft Corp has set Sept. 29 as the new launch date for its Xbox One game console in China, the U.S. software giant said, in the first launch since a 14-year ban on sales of foreign games consoles was lifted this year. Read More »

Alstom seeks transport deals beyond GE signaling unit

Reuters | September 23, 2014 | International Trade

Alstom's purchase of General Electric's rail signaling unit is "a fantastic deal" for the French train maker, which will continue to seek acquisitions in this field, the head of Alstom Transport said. Read More »

China’s trade minister concerned about falling Japanese investment

Reuters | September 23, 2014 | International Trade

China's trade minister is worried about Japan's falling levels of direct investment in his country, Japanese business officials who met him said, against a backdrop of strained ties between the world's second- and third-biggest economies. Read More »

China increasingly producing ‘tools of torture’ for export

Reuters | September 23, 2014 | International Trade

Dozens of Chinese firms are producing and exporting "tools of torture", from electric stun guns to metal spiked batons, to countries with bad human rights records, rights group Amnesty International said. Read More »

Canadian auto parts maker Magna to open two new plants in India

Reuters | September 23, 2014 | International Trade

Canadian auto parts maker and contract manufacturer Magna International Inc said it plans to open two new plants in the Indian state of Gujarat. Read More »

Fighting, payment problems disrupt Libya’s food imports

Reuters | September 23, 2014 | Ports & Terminals

Food prices have risen in Libya as payments problems, fighting and a breakdown in authority disrupt the usual import routes as the country spins out of control three years after the ousting of Muammar Gaddafi. Read More »

Air pollution continues decline at Port of Long Beach

AJOT | September 23, 2014 | Ports & Terminals

Diesel air pollution from ships, trucks, trains and other big machines at the Port of Long Beach has declined by 82 percent since 2005, a comprehensive air quality analysis has found. Read More »

Canada may spread oil-by-rail insurance burden, mulls special fund

Reuters | September 23, 2014 | Intermodal

The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of special fund similar to one once set up for maritime oil spills, a government official said. Read More »

ATA truck tonnage index increased 1.6% in August to new record high

AJOT | September 23, 2014 | Intermodal

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.6% in August, following a gain of 1.5% the previous month. In August, the index equaled 132.6 (2000=100) versus 130.5 in July. August’s index is the highest on record, surpassing November 2013 (131.0).  Read More »

Turkish Airlines says studying more jet purchases

Reuters | September 23, 2014 | Air Cargo

Turkish Airlines is considering options to increase its fleet of Airbus and Boeing passenger aircraft, though it has yet to decide on size or quantity, airline executives told a finance industry conference. Read More »

A traditional ‘wet welcome’ for ABC in Basel

AJOT | September 23, 2014 | Air Cargo

AirBridgeCargo Airlines’ first ever flight to Switzerland touched down in Basel on September 19th to a traditional ‘water canon salute’ that welcomes new airlines to airports around the world. Read More »

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