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Malaysia Airports eyes perpetual sukuk, hires 4 banks

Reuters | August 19, 2014 | Air Cargo

Malaysia Airports Holdings Bhd has hired four banks for a subordinated perpetual sukuk to raise 1 billion ringgit(317.26 million US dollar), Thomson Reuters publication IFR reported. Read More »

UPS establishes freight forwarding services in Myanmar

AJOT | August 19, 2014 | Air Cargo | Transport Intermediaries

UPSĀ® has announced the expansion of inbound and outbound air and ocean freight services in Myanmar for the first time. Read More »

ATA truck tonnage index increased 1.3% in July

PR Newswire | August 19, 2014 | Intermodal

ATA truck tonnage index increased 1.3% in July

ARLINGTON, Va., Aug. 19, 2014 /PRNewswire-USNewswire/ -- American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index rose 1.3% in July, following a decrease of 0.8% the previous month. In July, the index equaled 130.2 (2000=100) versus 128.6 in June. The index is off just 0.6% from the all-time high in November 2013 (131.0).

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Tyson Foods looks for other pork export markets after China ban

Reuters | August 18, 2014 | International Trade

Tyson Foods Inc plans to find other export markets for its pork products after a recent delivery to China triggered an export ban of half its U.S. hog slaughterhouses, the company told Reuters. Read More »

Heinz recalls four batches of infant food in China

Reuters | August 18, 2014 | International Trade

Ketchup maker H.J. Heinz Co has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit, the company said. Read More »

EU lifts ban on herring imports from Faroe Islands

Reuters | August 18, 2014 | International Trade

The European Union lifted its year-long import ban on herring and mackerel from the Faroe Islands, ending a dispute over alleged over-fishing in the northern Atlantic. Read More »

Euro zone trade surplus rises more than expected in June

Reuters | August 18, 2014 | International Trade

The euro zone's trade surplus grew more than expected in June from June a year ago, data showed on Monday, but the improved surplus does not yet reflect the full effect of sanctions and counter-sanctions imposed by the European Union and Russia over the conflict in Ukraine. Read More »

Belarussian oysters anyone? EU food trade looks to sidestep Russian ban

Reuters | August 18, 2014 | International Trade

People from Britain who go to Cyprus in August are usually after sun, sea and sand but one Lincolnshire man, a trader in fruit and vegetables, is heading there this week for the potatoes. Read More »

Russian sanctions threaten both Europe’s farmers and policymakers

Reuters | August 18, 2014 | International Trade

Pascal Sauvetre, an apple farmer in Poitou-Charentes on France's Atlantic coast, has a headache beyond the usual concerns about weather and tree fungus: Polish apples. Read More »

Russia looks for ways to soften impact of food import bans

Reuters | August 18, 2014 | International Trade

Russia will allow imports from neighbouring Belarus and Kazakhstan of food processed from Western raw materials as Moscow seeks to damp down domestic food price rises triggered by its ban on food imports from the West. Read More »

China hopes WTO can ‘resolve differences’ and sign deal

Reuters | August 18, 2014 | International Trade

China said it regretted World Trade Organisation members had failed to reach an agreement on simplifying global customs rules, a breakdown it said could damage multilateral trade. Read More »

China finds Mercedes-Benz guilty of price fixing

Reuters | August 18, 2014 | International Trade

German luxury carmaker Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing regulators. Read More »

China calls for greater use of homegrown medical devices

Reuters | August 18, 2014 | International Trade

China may use incentives to encourage domestic hospitals to use Chinese-made medical devices as it looks to stimulate the local market and reduce soaring healthcare costs, a potential threat to the global firms who currently dominate the sector. Read More »

Qingdao Port says unit sued by Pacorini for $58.4 million amid fraud probe

Reuters | August 18, 2014 | Ports & Terminals

China's third-largest terminal Qingdao Port International, which is embroiled in an alleged financing scam, has received two lawsuits from global warehousing firm Pacorini Logistics claiming a total of $58.4 million, the firm said. Read More »

At 100 years, Panama Canal Zone history celebrated in Florida

Reuters | August 18, 2014 | Ports & Terminals

At 100 years, Panama Canal Zone history celebrated in Florida

The 100th anniversary of the opening of the Panama Canal, hailed at the time as one of the world's great wonders, has inspired a celebration in central Florida to showcase the experience of the U.S. canal workers behind the engineering feat. Read More »

UK police say migrants found in shipping container are Afghan Sikhs

Reuters | August 18, 2014 | Ports & Terminals

One man died after a group of suspected migrants, including women and children, was found inside a container at Tilbury docks in southeast England on Saturday morning. The container had come on a ship from Zeebrugge in Belgium. Read More »

Facts on status of GT USA-Port Canaveral agreementĀ 

AJOT | August 18, 2014 | Ports & Terminals

Canaveral Port Authority awaits the completion of the Committee on Foreign Investment in the United States (CFIUS) approval process to move forward with expanding our cargo operations and creating jobs and business opportunities for Brevard County and central Florida. Read More »

Transpacific container shippers aim for September rate rise

Reuters | August 18, 2014 | Liner Shipping

A container shipping organization urged companies to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU), corresponding to an increase of 14.2 percent from current levels, from Sept. 1. Read More »

Asia-US container lines recommend further freight rate increase for September 1

AJOT | August 18, 2014 | Liner Shipping

Member container shipping lines in the Transpacific Stabilization Agreement (TSA) are proposing an across-the board general rate increase (GRI) of at least US$600 per 40-foot container (FEU) to all destinations, effective September 1. Carriers had filed increases in their individual tariffs in late July and subsequently began notifying customers directly. Read More »

Permian light crude stranded as US oil exports begin to flow

Reuters | August 18, 2014 | Intermodal | International Trade

Washington's decision to allow exports of an ultra light crude offers a potential boon to U.S. producers that will bypass drillers in the Permian basin because the country's fastest growing shale play lacks pipelines or affordable trucking. Read More »

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