APL introduces new service in the Americas

AJOT | May 20, 2015 | Liner Shipping

APL today introduced a new weekly service to enhance its network coverage in the Americas. The new America Caribbean Express (ACX) service, which links Central America and U.S. East Coast, is operated through a vessel sharing agreement with SeaLand. Read More »

UK freight association says illegal stowaways threaten future of cross channel freight

AJOT | May 20, 2015 | Intermodal | Road

The trade association that represents companies responsible for handling much of the UK’s visible trade is warning that a significant recent increase in would-be illegal immigrants attempting to stowaway on trucks passing through the Calais Eurotunnel terminal and ferry port is causing major problems and threatening the future of cross channel trailer services. Read More »

Rhenus Rotterdam expands capacity for handling breakbulk

AJOT | May 20, 2015 | Ports & Terminals | Ports | Break Bulk Port

Rhenus Logistics and the Port of Rotterdam Authority will sign a contract for the construction of a new quay for the Rhenus Deep Sea Terminal on Antarcticaweg on the Maasvlakte. This will further increase the capability of Rotterdam’s breakbulk sector. Read More »

Containership reliability reaches new high as congestion and alliance issues fade

AJOT | May 20, 2015 | Liner Shipping

Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Carrier Performance Insight Read More »

Port of Houston Authority tonnage Up 23%, reflecting brisk cargo activity

AJOT | May 20, 2015 | Ports & Terminals | Ports

Offloading of Last Super Post-Panamax Crane at Barbours Cut Marks New Era Read More »

ASA Will Oppose Amendments to TPA Bill in Senate

AJOT | May 20, 2015 | International Trade

Citing the importance of achieving fast track authority in order to finalize new trade deals as seamlessly as possible, the farmer leaders of the American Soybean Association (ASA) announced today that the group will oppose all controversial amendments to the Bipartisan Congressional Trade Priorities and Accountability Act, which would extend trade promotion authority to President Barack Obama. Read More »

Iran cargo ship heads towards Red Sea amid fears of Yemen showdown

Reuters | May 20, 2015 | Liner Shipping

An Iranian cargo ship heading to Yemen is expected to cross into the Red Sea on Thursday, state news agency IRNA reported, amid fears of a showdown with Saudi-led forces enforcing restrictions on Yemeni ports. Read More »

U.S. House passes transportation spending extension

Reuters | May 19, 2015 | Intermodal

The U.S. House of Representatives overwhelmingly passed on Tuesday a two-month extension of federal spending authority on transportation projects, delaying decisions over longer-term funding until the Highway Trust Fund is depleted in July. Read More »

Pentagon says Iran warships ‘linked up’ with cargo vessel

Reuters | May 19, 2015 | Liner Shipping

The Pentagon said on Tuesday that two Iranian warships have “linked up” with a cargo ship that Iran has said is carrying humanitarian aid to Yemen, as activists on board the vessel said it was due to arrive at the Yemeni port of Hodaida on Thursday. Read More »

China’s Li brings investment boost to struggling Brazil

Reuters | May 19, 2015 | International Trade

Chinese Premier Li Keqiang came to the rescue of Brazil’s slumping economy on Tuesday with trade, finance and investment deals worth tens of billions of dollars in energy, mining, aviation and the upgrade of dilapidated infrastructure. Read More »

US to press currency policy around Pacific trade talks

Reuters | May 19, 2015 | International Trade

The United States will press potential partners in a Pacific trade pact for agreement on currency policies "in the context of" the trade deal, U.S. Treasury Secretary Jack Lew said. Read More »

Japan says hard to hold TPP ministerial talks without US fast-track bill

Reuters | May 19, 2015 | International Trade

Japanese Economy Minister Akira Amari said it is becoming "extremely difficult" to hold ministerial talks on a Pacific trade pact unless a fast-track bill is passed in the United States. Read More »

Pernod prepares to take Cuban-made rum to the US

Reuters | May 19, 2015 | International Trade

French drinks giant Pernod Ricard is poised to sell its Cuban-made rum in the United States once a 53-year-old trade embargo is lifted, going head-to-head with Cuban-founded Bacardi which dominates the world's biggest market. Read More »

US charges three Chinese professors, three others with economic espionage

Reuters | May 19, 2015 | International Trade

The U.S government charged three Chinese professors and three other Chinese nationals with economic espionage and stealing trade secrets from two companies that develop technology often used in military technologies, the Department of Justice said. Read More »

Price cutting threatens automakers’ rich margins in China

Reuters | May 19, 2015 | International Trade

International automakers are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry's rich profit margins. Read More »

China carrier Ruili, partners sign $6 billion deal for 60 Boeing jets

Reuters | May 19, 2015 | International Trade

A Chinese consortium of Ruili Airlines, a privately-owned start-up budget carrier, and two leasing firms has signed a deal to buy 60 B737 MAX jets from Boeing Co for 38 billion yuan ($6.13 billion), the official Xinhua News Agency said. Read More »

Congress moving closer to passing IMF reforms

Reuters | May 19, 2015 | International Trade

The U.S. Congress is moving closer to approving IMF reforms, and lawmakers are now trying to find the best timing and vehicle for getting the historic legislation passed, U.S. Treasury Secretary Jack Lew said. Read More »

China ends 3-year embargo on Brazil beef imports

Reuters | May 19, 2015 | International Trade

Brazil's agriculture ministry said that China had definitively ended an embargo on Brazilian beef imports that had been in place since 2012. Read More »

EU trade chief says Russia did not seek Ukraine pact delay

Reuters | May 19, 2015 | International Trade

EU Trade Commissioner Cecilia Malmstrom said Russian officials did not seek a postponement during three-way talks in Brussels of the January 2016 start of an EU-Ukraine free trade pact. Read More »

AIIB founding members to meet in Singapore this week

Reuters | May 19, 2015 | International Trade

Founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution. Read More »