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Dubai’s DP World says shareholders back EZW buy, London delisting

Reuters | December 18, 2014 | Transport Intermediaries

Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator’s delisting from the London Stock Exchange, the Dubai-based company said on Thursday. Read More »

Transpacific container shippers plan freight rate rise

Reuters | December 18, 2014 | Liner Shipping

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level. Read More »

South Korean poultry firm preferred to buy bulk shipper Pan Ocean

Reuters | December 17, 2014 | Liner Shipping

A unit of South Korean poultry firm Harim Group said on Thursday a court chose its parent’s holding company as the preferred bidder to buy bulk shipper Pan Ocean Co Ltd in a deal worth at least 850 billion won ($771 million). Read More »

Seafarers’ International Union of Canada Elects New Executive Board

PR Newswire | December 17, 2014 | Liner Shipping

The Seafarers' International Union of Canada today announced that their election period is closed and a new Executive Board has been elected, names and titles shown below: Read More »

C.H. Robinson transforms oil and gas supply chains

AJOT | December 17, 2014 | Transport Intermediaries

To capitalize on the rapid demand in the oil and gas industry, C.H. Robinson has created Oil and Gas Solutions as a way to change how the industry views the global supply chain. Read More »

PMA-ILWU negotiations update

AJOT | December 17, 2014 | Ports & Terminals

The Pacific Maritime Association (PMA) has released the following statement regarding the status of contract negotiations with the International Longshore & Warehouse Union (ILWU): Read More »

US slaps hefty duties on solar goods from China, Taiwan

Reuters | December 17, 2014 | International Trade

The United States confirmed steep import duties on solar products from China and Taiwan, in a decision that could inflame trade tensions between the two countries. Read More »

REC Silicon sees negative impact from China US dispute

Reuters | December 17, 2014 | International Trade

Solar firm REC Silicon said it expected fourth-quarter core earnings to be lower than in the previous quarter and that an ongoing trade dispute between the United States and China would hurt profits and cash flow in the short term. Read More »

China buyers in deals for more than 1 million tons of US soy

Reuters | December 17, 2014 | International Trade

Chinese buyers signed nine contracts for a total of more than 1 million tons (1.1 million tons) of U.S. soybeans at a ceremony in Chicago. Read More »

Japan export growth slows, maintains policy pressure on Abe

Reuters | December 17, 2014 | International Trade

Japan's exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen, maintaining economic policy pressure on Prime Minister Shinzo Abe days after his ruling coalition's big election win. Read More »

China halts anti-dumping probe into EU, Japan dialysis kit makers

Reuters | December 17, 2014 | International Trade

China has halted an anti-dumping investigation into European and Japanese makers of blood dialysis equipment, ending a six-month probe that had extended to the Chinese market leader, Germany's Fresenius Medical Care (FMC) AG & Co KGaA. Read More »

Canada West Coast ports offer little relief from US delays

Reuters | December 17, 2014 | Ports & Terminals

The gridlock at U.S. West Coast ports that has forced McDonald's to ration French fries at its Japanese restaurants and interrupted supplies to retailers such as Lululemon is unlikely to be alleviated by routing cargoes through Canada, whose Pacific ports face their own problems. Read More »

Alabama State Port Authority posts record revenues with steel, container & coal volumes up

AJOT | December 17, 2014 | Ports & Terminals

The Alabama State Port Authority has released its financial and tonnage results for fiscal year 2014 ending 30 September.  James K. Lyons, chief executive officer, announced the Authority earned record revenues of $162.3 million and handled a record 29.1 million tons of cargo through the public terminals. Read More »

Record month for containers at the Port of Baltimore

AJOT | December 17, 2014 | Ports & Terminals

The Maryland Port Administration (MPA) today announced that 46,827 containers were handled at the Port of Baltimore’s public marine terminals in October 2014, establishing a new record for most containers handled in one month and surpassing the previous record of 44,095 containers set in July 2013. Read More »

Container volume up 13% at the SC Ports Authority

AJOT | December 17, 2014 | Ports & Terminals

The SC Ports Authority announced another month of double-digit container growth, with fiscal year-to-date volumes up 13 percent year over year. Read More »

AAPA urges President Obama to assist in resolving West Coast dockworker negotiations

AJOT | December 17, 2014 | Ports & Terminals

In a letter to President Barack Obama, the American Association of Port Authorities (AAPA) – the unified and collective voice of public seaports in the Americas – urged the president to take the necessary steps to assign federal mediators to help resolve the ongoing contract negotiations between the International Longshore and Warehouse Union (ILWU), representing West Coast dockworkers, and the Pacific Maritime Association (PMA), whose principal business is to negotiate and administer maritime labor agreements with the ILWU. Read More »

Hamburg Süd receives five prizes in Australia

AJOT | December 17, 2014 | Liner Shipping

At the 19th Australian Shipping & Marine Industry Awards in late November, Hamburg Süd received a total of five awards. Read More »

World Shipping Council announces leadership transition 

AJOT | December 17, 2014 | Liner Shipping

Chris Koch, current president and CEO of the World Shipping Council (WSC), will retire from his position on July 31, 2015, and WSC Senior Vice-President and General Counsel, John Butler, will assume that position on August 1 of next year.  After his retirement as president, Koch will continue to support the Council in a senior advisory capacity. Read More »

TSA adopts guidelines January 15 GRI, peak season surcharge

AJOT | December 17, 2014 | Liner Shipping

Transpacific container lines are continuing efforts to address rising costs and cover service contingencies in the Asia-U.S. trade lane. Read More »

Carriers announce December 15th GRI

AJOT | December 17, 2014 | Liner Shipping

Most transpacific ocean carriers have announced a general rate increase (GRI) effective December 15, 2014. The GRI applies to cargo originating in Asia and the Indian subcontinent to all destinations in the US, Canada, and Mexico. The proposed GRIs vary widely by carrier. Read More »

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