International Trade

Exmar And LNG Partners Take Further Steps
To Solidify Their Alliance For The BC LNG Project

George Lauriat | September 03, 2013 | Breakbulk & Projects | International Trade

Following execution of a Letter of Intent (LOI) by EXMAR with LNG Partners, LLC and LNG Barge Co BVBA for the long-term charter of a Floating Liquefaction & Storage Unit (FLSU) to serve the BC LNG Project near Kitimat, British Columbia, Canada, EXMAR and LNG Partners announced that they have taken a number of additional steps to solidify their alliance Read More »

Probe Into PetroChina Widens

Reuters | September 03, 2013 | International Trade

Hong Kong-listed Wison Engineering Services Co Ltd said chairman and controlling shareholder Hua Bangsong "is assisting relevant authorities" who were conducting an investigation after sharp falls in Wison's share price Read More »

Suez Canal security strengthened after failed attack

George Lauriat | September 03, 2013 | International Trade | Liner Shipping

Egypt’s armed forces are strengthening security measures in the Suez Canal, following an unsuccessful terrorist attack on a container ship transiting the waterway (August 31st). Read More »

CSN Wants Alabama Plant Included in Purchase of Brazil Steel Mill

George Lauriat | September 03, 2013 | International Trade

Brazilian steelmaker CSN (Companhia Siderúrgica Nacional SA) may call off plans to buy ThyssenKrupp's money-losing CSA mill in Rio de Janeiro if the German steelmaker does not include a U.S. sister plant in the deal, a source with knowledge of the matter said. Read More »

Top award for London Gateway’s Information Technology

George Lauriat | September 03, 2013 | International Trade

A unique and highly flexible state-of-the-art data centre architecture has won DP World London Gateway’s Information Technology Team a top award for innovation. Read More »

Shenzhen’s Yantian Terminal Hit With Strike

George Lauriat | September 03, 2013 | International Trade

Radio Free Asia (RFA) is reporting that around 800-workers at the Yantian International Container Port Co. walked out on Sunday (Sept. 1st) in protest, saying the company had failed to deliver on a promised school subsidy for their children. Read More »

ISM Says Factory Activity Up In August

Reuters | September 03, 2013 | International Trade

The Institute for Supply Management (ISM) said its index of national factory activity rose to 55.7 in August from 55.4 the prior month, comfortably beating expectations for 54. It was the highest reading since June 2011. Read More »

WTS International congratulates Feinberg on executive role at USDOT

AJOT | August 29, 2013 | International Trade

U.S. Transportation Secretary Anthony Foxx has announced that Sarah Feinberg will be joining the U.S. Department of Transportation as his Chief of Staff. Read More »

South Korea launches WTO dispute over US tariffs on washing machines

Reuters | August 29, 2013 | International Trade

South Korea has launched a dispute at the World Trade Organization to complain about U.S. punitive tariffs on South Korean washing machines, the WTO said. Read More »

Canada’s current account gap widens in second quarter

Reuters | August 29, 2013 | International Trade

Canada's current account deficit widened in the second quarter as exports struggled to gain traction and lower oil shipments to the United States caused the bilateral trade surplus to shrink, according to Statistics Canada data. Read More »

Thailand to appeal after Philip Morris wins tobacco caseThe Thai government plans to appeal a court

Reuters | August 28, 2013 | International Trade

The Thai government plans to appeal a court victory by tobacco giant Philip Morris to keep larger health warnings off cigarette packets for sale in Thailand. Read More »

Free trade, Arctic, Russia may top Obama’s Nordic agenda

Reuters | August 28, 2013 | International Trade

U.S. President Barack Obama's visit to Sweden next week points up the role of a pro-free trade European ally on the edge of a rapidly changing Arctic in a region where Russia is seeking more influence. Read More »

Peru sees trade deficit instead of surplus this year, higher inflation

Reuters | August 28, 2013 | International Trade

Peru will likely post a $720 million trade deficit this year - the first gap in more than a decade - instead of the $644 million surplus the government had forecast in May, the finance ministry said. Read More »

Ukraine PM tells Russia to accept “reality” of EU trade deal

Reuters | August 28, 2013 | International Trade

Ukraine's prime minister, seeking to ward off Russian pressure, urged Moscow to accept his country's drive towards a new trade relationship with the European Union as a "reality". Read More »

EU says China guilty of giving illegal aid to solar industry

Reuters | August 28, 2013 | International Trade

The European Union has warned Beijing it has evidence Chinese solar companies benefit from illegal subsidies, people close to the issue said, but Brussels says it will not take action for now following a deal to defuse the row. Read More »

Fonterra says milk powder held up for tests in Bangladesh

Reuters | August 28, 2013 | International Trade

New Zealand's Fonterra said some of its milk powder products had been held up for chemical testing in Bangladesh, the latest country to stop the company's products at its borders after a food safety scare earlier this month. Read More »

Fonterra products didn’t have botulism bacteria after all, NZ tests show

Reuters | August 28, 2013 | International Trade

Dairy giant Fonterra's products at the centre of a global contamination scare this month did not contain a bacteria that could cause botulism, and posed no food safety threat, New Zealand officials said. Read More »

J&J puts Chinese businesses under one chairman there

AJOT | August 27, 2013 | International Trade

Johnson & Johnson said that the business heads of its three Chinese operations would start reporting to one chairman there next month in an effort to increase sales in that country. Read More »

Mexico moving to grow trade ties with Asia

AJOT | August 27, 2013 | International Trade

Asia could become twice as important to Mexico as an export market over the next five years as the country strengthens trade ties with the fast-growing economies of the region, Mexican Economy Minister Ildefonso Guajardo said. Read More »

Thai exports fall again in July, add to growth concerns

AJOT | August 27, 2013 | International Trade

Thai exports unexpectedly fell in July for the third month in a row, raising concern that lingering weak global demand will make it harder for the country to escape recession. Read More »