India grants 1-year extension to Iranian ship insurers

Reuters | June 29, 2015 | Liner Shipping

India has extended approval to two Iranian insurers to cover container and tanker vessels calling at Indian ports by a year to June 25, a government notification said, in a move that will aid oil imports from Tehran. Read More »

Brazil’s Petrobras slashes 5-year spending plan by 41%to $130.3 billion

Reuters | June 29, 2015 | Energy | International Trade

Brazil’s state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry’s largest debt burden and pull the company out of a giant corruption scandal. Read More »

CEVA signs logistics deal to support TANAP Azerbaijan – Europe Natural gas pipeline

AJOT | June 29, 2015 | Breakbulk & Projects | Projects

CEVA Logistics, one of the world’s leading supply chain management companies, today announced it has signed a deal with TANAP (Trans Anatolian Natural Gas Project) to manage the logistics operations for the movement of giant pipes. Read More »

CMA CGM: Suspension of TBL service to North Mali

AJOT | June 29, 2015 | Liner Shipping

BL traffics to North Mali (Kignan, Ségou, Mopti, Sevaré, Gao, Kidal, Menaka, Ansongou, Tessalit, Timbuktu) via Dakar are temporarily suspended. Read More »

CBP officers in Tampa seize counterfeit Legos from China

AJOT | June 29, 2015 | International Trade

U.S. Customs and Border Protection (CBP) officers in Tampa seized a shipment of counterfeit toys with a Manufacturer’s Suggested Retail Price (MSRP) of more than $9,000. Read More »

California small business exports forklifts to Brazil supported by EXIM-guaranteed buyer financing

AJOT Administrator | June 29, 2015 | International Trade

Wiggins Lift Co. Inc., a small-business manufacturer in Oxnard, Calif., is exporting its forklifts to marinas in Brazil with the support of medium-term buyer financing being guaranteed by the Export-Import Bank of the United States (EXIM Bank) from Northstar Trade Finance Inc. in Vancouver, British Columbia. Read More »

Baltic Exchange ship futures platform examines move into commodities

Reuters | June 29, 2015 | Liner Shipping

London’s Baltic Exchange is studying a potential foray into commodities and is open to proposals on tie-ups as other exchanges attempt to boost volumes, its chief executive said. Read More »

Commodity Prices Rally Again in May: Scotiabank’s Patricia Mohr

Marketwired | June 29, 2015 | International Trade

Commodity Prices Rally Again in May: Scotiabank's Patricia Mohr Read More »

Google to alert drivers to railroad crossings using U.S. data

Reuters | June 29, 2015 | Intermodal | Rail

Google will add audio and visual alerts to warn drivers about upcoming railroad crossings on Google’s navigation system, the U.S. Federal Railroad Administration announced on Monday. Read More »

Crowley acquires more than 4,300 additional pieces of liner services equipment

AJOT | June 29, 2015 | Liner Shipping

In response to continuing high customer demand, Crowley Maritime Corporation’s liner services group has placed orders for additional equipment, including hundreds of new chassis and containers for use in the company’s U.S., Puerto Rico, Caribbean and Central America trade lanes. Read More »

Port of Oakland cargo speed-up measures to begin rolling out

AJOT | June 29, 2015 | Ports & Terminals | Ports | Container Port

Chassis pool in time for peak shipping season, Saturday gates to follow Read More »

CAGTC applauds Senate “National Multimodal Freight Policy and Investment Act”

AJOT | June 29, 2015 | International Trade

Senators Cantwell, Booker, Murray and Markey Introduce S.1680 to Support Multimodal Goods Movement Read More »

USTDA supports study on lng terminal with the Panama Canal Authority

AJOT | June 29, 2015 | Ports & Terminals | Terminals

The U.S. Trade and Development Agency awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal. When the Panama Canal expansion project is completed next year, the Canal is expected to handle significant LNG tanker traffic. In order to capitalize on this growth, the ACP is interested in developing LNG-related infrastructure projects, including an import terminal. Read More »

Port Everglades deepening and widening project approved

AJOT | June 29, 2015 | Ports & Terminals | Ports

Broward County's Port Everglades today received a signed Chief of Engineers Report from the U.S. Army Corps of Engineers that clears the way for the Port to begin the next phase of deepening and widening its channels, and allows the project to be included in federal legislation expected in 2016 that will authorize similar water and navigation-related projects. Read More »

Vietnam to spend $257 mln on port, storage for oil products

Reuters | June 29, 2015 | Ports & Terminals

State oil and gas PetroVietnam group said it has begun construction of an oil and gas terminal on Phu Quoc island off the country’s southern coast at a combined investment of 5.6 trillion dong ($260 million). Read More »

Government of Canada announces a major investment at the Port of Trois-Rivières

PR Newswire | June 28, 2015 | Ports & Terminals | Ports

Financing will enable the Port to increase its productivity and continue to grow Read More »

Chief Lagarde says disappointed over inconclusive talks with Greece

Reuters | June 28, 2015 | International Trade

The head of the International Monetary Fund said Sunday she is disappointed in the stalemate over talks to prevent Greece from defaulting on its IMF debt, but said the euro area is in a “strong position” to respond effectively to developments. Read More »

CAGTC applauds Senate “National Multimodal Freight Policy and Investment Act”

AJOT | June 26, 2015 | Intermodal | Road

Senators Cantwell (D-WA), Booker (D-NJ), Murray (D-WA) and Markey (D-MA) introduced a proposal creating a national multimodal freight policy and investment program. Read More »

Illinois barge captain sent to prison for fatal 2005 explosion

Reuters | June 26, 2015 | Liner Shipping

In an uncommon maritime case, an Illinois man who was captain of a petroleum barge that exploded in a Chicago canal in 2005, killing a crew member, was sentenced to six months in prison on Friday, prosecutors said. Read More »

Greece’s creditors propose targeting shipping sector

Reuters | June 26, 2015 | International Trade

Under the latest proposals made by Greece’s creditors, the country’s shipping companies face paying a higher tonnage tax and a phasing-out of special tax allowances which they have enjoyed, according to documents seen by Reuters. Read More »