BP to Settle Federal, State and local Deepwater Horizon claims for up to $18.7 Billion

AJOT | July 02, 2015 | Energy | Maritime | International Trade

Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. Read More »

Kenya authority sets Friday deadline for striking Mombasa port workers

Reuters | July 02, 2015 | Ports & Terminals | Ports

The Kenya Ports Authority said on Thursday striking workers at the Mombasa port should resume work by Friday morning or lose their jobs, and that normal activities at East Africa’s biggest port will resume July 6. Read More »

ATA Names Stephenson Vice President of Supply Chain Security & Operations

AJOT | July 02, 2015 | Intermodal | Rail

Longtime staffer will oversee group’s security and cross-border trade issues Read More »

Port of Antwerp participates in maritime rail link with duisport

AJOT | July 02, 2015 | Ports & Terminals | Ports | Container Port

The Port of Antwerp and duisport are intensifying their cooperation as the Port of Antwerp will participate in the existing rail shuttle service connecting the two ports. Read More »

Sinohydro Corporation Ltd. awards Damco with logistics contract in Nigeria

AJOT | July 02, 2015 | Transport Intermediaries

Sinohydro Corporation Ltd., a leading Chinese infrastructure development contractor, has awarded Damco the contract for managing shipments to Sinohydro’s Zunguru hydroelectric power project in Nigeria. Read More »

MOL announces new name for group ship management company

AJOT | July 02, 2015 | Liner Shipping

MOL announced that effective July 2, its ship management company for dry bulkers, New Asian Shipping Company, Limited, is renamed to MOL Ship Management Company, Limited. Read More »

Hogan administration announces Maersk’s return to the Port of Baltimore

AJOT | July 02, 2015 | Ports & Terminals | Ports | Container Port

World’s largest container shipping company will bring 31,000 new containers per year Read More »

Charleston harbor deepening project earns key federal funding

AJOT | July 02, 2015 | Ports & Terminals | Ports | Container Port

U.S. Army Corps of Engineers allocates $1.303 million in federal funding for Post-45 harbor deepening project Read More »

Southeastern Freight Lines Promotes Donna Andrews to Vice President of Information Technology

AJOT | July 02, 2015 | Intermodal | Road

Southeastern Freight Lines, the leading provider of regional less-than-truckload (LTL) transportation services, today announced that Donna Andrews has been promoted to vice president of information technology. Read More »

Historical visit of the Chinese Prime Minister LI Keqiang at the CMA CGM Group’s headquarters

AJOT | July 02, 2015 | Liner Shipping

The CMA CGM Group was honored to receive the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation today Read More »

Port of New Orleans garners five 2015 AAPA Communications Awards

AJOT | July 02, 2015 | Ports & Terminals | Ports

The American Association of Port Authorities (AAPA), the unified and recognized voice of seaports in the Americas, recognized the Port of New Orleans today with five communications awards. Winning entrants in AAPA’s 48th annual Communications Awards Program will be recognized at a Nov. 4 awards luncheon in conjunction with AAPA’s 104th Annual Convention and Expo in Miami, which runs Nov. 2-4. Read More »

Statoil, Lithuania to develop Baltic Sea LNG supply business

Reuters | July 02, 2015 | Energy | Liner Shipping

Norway’s Statoil and Lithuania’s Lietuvos Energija plan to join forces to develop a small-scale liquefied natural gas (LNG) supply operation, competing with Finnish gas utility Gasum. Read More »

Port Hedland June iron ore exports to China up 3% m/m

Reuters | July 02, 2015 | Breakbulk & Projects | Breakbulk

Australia’s iron ore exports to China from Port Hedland rose 3 percent to 32.61 million tonnes in June from a month earlier, while total shipments from the port hit a record high, figures released on Thursday showed. Read More »

Asia Dry Bulk-Capesize rates likely to steady around current levels

Reuters | July 02, 2015 | Liner Shipping

Freight rates for capesize bulk carriers, which hit their highest level in nearly seven months last week, could remain stable next week on steady cargo volumes, ship brokers said. Read More »

Train hauling LPG catches fire; prompts evacuations in Maryville

Reuters | July 02, 2015 | Intermodal | Rail

A CSX Corp train carrying liquid petroleum gas caught fire in Blount County, Maryville, prompting evacuations, local news website wate.com reported on Thursday. Read More »

Union Pacific imposing hefty surcharge on older crude railcars

Reuters | July 01, 2015 | Energy | Rail and Road | Intermodal | Rail

Union Pacific Corp will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second U.S. railroad to charge extra amid widespread safety concerns. Read More »

US trade rep sees Pacific trade pact before Congress by year-end

Reuters | July 01, 2015 | International Trade

U.S. Trade Representative Michael Froman said he hopes to wrap up a trade deal with 11 other Pacific Rim nations soon and send it to the U.S. Congress for approval before the end of the year. Read More »

Proposed investor court might save EU-US trade deal in European Parliament

Reuters | July 01, 2015 | International Trade

The president of the European Parliament has urged lawmakers to support a trade deal between Europe and the United States, telling them that setting up a new European court to settle trade disputes could overcome public resistance to the accord. Read More »

US, Cuba restoring diplomatic ties after 54 years

Reuters | July 01, 2015 | International Trade

U.S. President Barack Obama affirmed to Cuban President Raul Castro their decision to restore diplomatic relations and said the former Cold War enemies could reopen embassies in each other's capitals beginning July 20, the Caribbean country said. Read More »

US exporters scramble to save deals as trade bank halts new business

Reuters | July 01, 2015 | International Trade

U.S. exporters large and small scrambled to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Read More »