International Trade

Get me past the Greek

George Lauriat | July 07, 2015 | International Trade

Back in 2010, ironically about the same time as Greece agreed to the EU backed bailout program, “Get him to the Greek” was a rock (hardly Greek) comedy. But at this moment in time, German Chancellor Angela Merkel and indeed most of the leaders in the EU [especially Francois Hollande, President of France], would simply like to get past the Greeks and move on. Read More »

Iron ore price fall a sign China’s economic might waning

Reuters | July 07, 2015 | International Trade

Iron ore prices dropped to the lowest in more than two months on Friday, sending shivers through the mining industry and heightening worries that Chinese economic activity is slowing just as ore piles up at its ports. Read More »

Container shipping will be lucky to break even in 2015

AJOT | July 07, 2015 | International Trade

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according to the Container Forecaster report published by global shipping consultancy Drewry. Read More »

U.S. International Trade in Goods and Services, May 2015

AJOT | July 07, 2015 | International Trade

May imports were $230.5 billion, $0.3 billion less than April imports. Read More »

Greek debt haircut not a taboo

Reuters | July 07, 2015 | International Trade

Fellow euro zone governments could consider writing off some of Greece’s debt—but only if Athens also commits to a package of reforms, Luxembourg Finance Minister Pierre Gramegna said on Tuesday. Read More »

UPDATE 2-Noble Group hires PwC for new audit after attack on accounting practices

Reuters | July 07, 2015 | International Trade

NOBLE GROUP-REVIEW/ (UPDATE 2):UPDATE 2-Noble Group hires PwC for new audit after attack on accounting practices Read More »

AG exporters demand change from PMA and ILWU

Stas Margaronis | July 03, 2015 | International Trade

Agricultural exporters and truckers attending the Agriculture Transportation Coalition (AgTC) annual meeting in San Francisco expressed anger and frustration about losses and delays incurred during the recent cargo handling slow down at West Coast ports. Read More »

15th TOC Americas returns to Panama

AJOT | July 03, 2015 | International Trade

Panama Canal Authority CEO confirmed as keynote speaker at 15th annual forum for North and Latin America maritime container trade Read More »

Australia mining shares tumble as iron ore price at two-month low

Reuters | July 03, 2015 | International Trade

Shares in Australia's biggest iron ore miners tumbled on Friday, after the price of the steel making raw material hit the lowest in more than two months amid further evidence of growing shipments to China. Read More »

Total opens its largest lubricant oil plant in Singapore

Reuters | July 03, 2015 | International Trade

Total said on Friday it had started operations at a new lubricant oil plant in Singapore, the French energy company's largest such facility in the world, as it seeks to double volumes in Asia over the next 10 years. Read More »

Iron ore price fall a sign China’s economic might waning

Reuters | July 03, 2015 | International Trade

Iron ore prices dropped to the lowest in more than two months on Friday, sending shivers through the mining industry and heightening worries that Chinese economic activity is slowing just as ore piles up at its ports. Read More »

Tanker arrivals create volatility in U.S. oil stocks

Reuters | July 03, 2015 | Energy | Maritime | International Trade

U.S. crude stocks unexpectedly rose by almost 2.4 million barrels last week, breaking a run of eight consecutive weekly declines and sending oil prices sharply lower. Read More »

China says to maintain financial cooperation with Greece

Reuters | July 03, 2015 | International Trade

China will continue to promote two-way cooperation with Greece, including in the financial sphere, and has already responded to Greek requests amid its debt crisis, the Foreign Ministry said on Friday. Read More »

BP to Settle Federal, State and local Deepwater Horizon claims for up to $18.7 Billion

AJOT | July 02, 2015 | Energy | Maritime | International Trade

Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. Read More »

US trade rep sees Pacific trade pact before Congress by year-end

Reuters | July 01, 2015 | International Trade

U.S. Trade Representative Michael Froman said he hopes to wrap up a trade deal with 11 other Pacific Rim nations soon and send it to the U.S. Congress for approval before the end of the year. Read More »

Proposed investor court might save EU-US trade deal in European Parliament

Reuters | July 01, 2015 | International Trade

The president of the European Parliament has urged lawmakers to support a trade deal between Europe and the United States, telling them that setting up a new European court to settle trade disputes could overcome public resistance to the accord. Read More »

US, Cuba restoring diplomatic ties after 54 years

Reuters | July 01, 2015 | International Trade

U.S. President Barack Obama affirmed to Cuban President Raul Castro their decision to restore diplomatic relations and said the former Cold War enemies could reopen embassies in each other's capitals beginning July 20, the Caribbean country said. Read More »

US exporters scramble to save deals as trade bank halts new business

Reuters | July 01, 2015 | International Trade

U.S. exporters large and small scrambled to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Read More »

Meat and dairy to eclipse biofuel in agriculture demand

Reuters | July 01, 2015 | International Trade

Changing diets in emerging countries will boost global demand for meat and dairy products in the next 10 years, shifting grain supply towards livestock feed as use of crop-based biofuel is curbed by lower oil prices, the FAO and OECD said. Read More »

South Korea exports to US, China rise in June; those to EU fall

Reuters | July 01, 2015 | International Trade

South Korean exports to the United States and China both rose for the first time in months during June, preliminary data from the trade ministry showed on Wednesday, while those to the European Union continued to drop. Read More »