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EU seeks compromise with Russia over Ukraine free-trade pact

Reuters | September 14, 2014 | International Trade

The EU will offer Russia more time to adjust to a European trade pact with Ukraine, diplomats say, moving to ease bilateral tensions over an accord at the centre of the crisis in Ukraine as a ceasefire there takes hold. Read More »

China’s antitrust regulators defend probes; Qualcomm inquiry nearly over

Reuters | September 14, 2014 | International Trade

China's three anti-monopoly regulators launched a vigorous defense of their recent investigations into foreign companies, which have prompted mounting international criticism, and said they are not targeting multinational firms. Read More »

China anti-trust regulator fines Volkswagen JV and Chrysler unit

Reuters | September 14, 2014 | International Trade

China's anti-monopoly regulator announced its first-ever punishment of foreign carmakers for price-fixing, fining a Chinese venture of Volkswagen AG and the China sales unit of Fiat's Chrysler a combined $46 million. Read More »

POSCO backs rail, port plan for Baosteel Australia iron ore project

Reuters | September 14, 2014 | Intermodal | Ports & Terminals

South Korean steel giant POSCO and a private investor have agreed to back a plan by China's Baosteel and Aurizon Holdings Ltd to build rail lines and a port for a long-delayed $6.8 billion Australian iron ore project. Read More »

Crowley first to receive small-scale license for supply, transportation and distribution of LNG into

AJOT | September 14, 2014 | Liner Shipping

Crowley Maritime Corp. subsidiary Carib Energy LLC has been granted a 20-year, small-scale U.S. Department of Energy (DOE) export license for the supply, transportation and distribution of U.S.-sourced liquefied natural gas (LNG) into Non-Free Trade Agreement (NTFA) countries in the Caribbean, Central and South America. Read More »

Saltchuk expands leadership team, welcomes Seaton as new SVP of Operations

AJOT | September 14, 2014 | Liner Shipping | Transport Intermediaries

Saltchuk Resources welcomes Betsy Seaton as Senior Vice President of Operations. Read More »

GAC Pindar focused on its Volvo Ocean Race logistics challenge 

AJOT | September 14, 2014 | Transport Intermediaries

With just one month to go to the start of the first leg of the Volvo Ocean Race 2014-15, GAC Pindar is in the thick of ensuring the provision of a seamless logistics support package for the 12th edition of the race that has been nicknamed the ‘Everest of Sailing’. Read More »

Air France-KLM sees profit boost from new strategic plan

Reuters | September 14, 2014 | Air Cargo

Air France-KLM pledged to lift core earnings by up to 10 percent a year through 2017 as part of a new strategic plan combining an assault on the European leisure market with efforts to improve its appeal to long-haul travelers. Read More »

Tanzania receives $565 million financing to expand port

Reuters | September 14, 2014 | Liner Shipping

Tanzania signed a $565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation’s role as a regional trade hub. Read More »

CSX Well-Positioned For Continued Profitable Growth As Long-Term Trends Favor Rail Transportation

PR Newswire | September 14, 2014 | Intermodal

As global freight demand increases and American highways remain overcrowded and underfunded, CSX is building on a proven track record of success for shareholders by capitalizing on growth opportunities across nearly all of its markets, Chief Financial Officer Fredrik Eliasson told investors and analysts today at the UBS Best of Americas conference in London. Read More »

Falling oil price tilts political, economic balance in U.S. favour

Reuters | September 14, 2014 | Energy | International Trade

The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran. Read More »

ABF Freight Celebrates The Skill & The Will during National Truck Driver Appreciation Week

PR Newswire | September 14, 2014 | Intermodal

ABF FreightSM, an ArcBest company, is celebrating National Truck Driver Appreciation Week, September 14-20, 2014, with a system-wide campaign honoring both The Skill & The WillSM demonstrated by its employees and the fundamental role of transportation industry employees in building and sustaining economic growth. Read More »

Transport Canada Divests Three Ports in Newfoundland to Local Business Groups

PR Newswire | September 14, 2014 | Ports & Terminals

The Honourable Lisa Raitt, Minister of Transport, today announced the divestiture of the ports of Long Pond, Botwood and Main Brook, NL to local business groups. These divestitures include an investment of over $22 million for the continued operation and maintenance of the ports’ infrastructure, ensuring the long-term sustainability of the port. Read More »

Vale, Cosco agree to cooperate on iron ore shipping

Reuters | September 14, 2014 | Liner Shipping

Brazilian miner Vale SA and China Ocean Shipping Co have agreed to cooperate on iron ore shipping, signalling a thawing of relations two years after Vale’s mega dry bulk carriers were barred from China’s ports. Read More »

Qingdao Port says about 100,000 tonnes of metal involved in alleged fraud

Reuters | September 14, 2014 | Ports & Terminals

A suspected financing fraud at China’s Qingdao Port that surfaced in June involves about 300,000 tonnes of alumina, 20,000 tonnes of copper and as much as 80,000 tonnes of aluminium ingots, the port operator said in a statement on Friday. Read More »

Asia-Europe container freight rates fall 6.6 percent

Reuters | September 14, 2014 | Liner Shipping

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 6.6 percent to $1.055 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

Hapag-Lloyd, Vapores merger wins conditional EU approval

Reuters | September 12, 2014 | Liner Shipping

Hapag-Lloyd and Compania SudAmericana de Vapores secured conditional European Union approval on Thursday for their tie-up to create the world’s fourth-largest container shipping company. Read More »

Premium Article  Volumes up, projects moving forward at SCPA

Karen Thuermer | September 11, 2014 | Ports & Terminals

In this improving economy, the South Carolina Ports Authority (SCPA) has good news. On August 20, SCPA reported 2014 fiscal year-end operating earnings of $14.3 million, 20.7 percent over the organization’s financial plan. From July through June, the SCPA posted operating revenues of $164.1 million, an increase of nearly 17 percent over the previous fiscal year. Fiscal Year (FY)2014 expenses totaled $149.9 million. Read More »

Premium Article  Anderson looks for future infrastructure projects in North America to open up export opportunities

Carole Lauriat | September 11, 2014 | People | Interviews | Breakbulk & Projects

Anderson looks for future infrastructure projects in North America to open up export opportunities

In an interview with the AJOT that comes shortly after the release of the CG/CL’s 2014 Top 100 North American Infrastructure Projects, Anderson talks about country clusters and the need to provide the economic support for US exports and enterprise. Read More »

Premium Article  Hansa Heavy Lift executive sees upturn in project cargo market

Paul Scott Abbott | September 11, 2014 | People | Interviews | Breakbulk & Projects

Hansa Heavy Lift executive sees upturn in project cargo market

The project cargo market is beginning to rebound, according to Joerg Roehl, chief commercial officer and managing director of Hamburg, Germany-based Hansa Heavy Lift GmbH. Read More »

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