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One in ten U.S. bridges in urgent need of repair

Reuters | April 24, 2014 | Intermodal

More than 63,000 bridges across the United States are in urgent need of repair, with most of the aging, structurally compromised structures part of the interstate highway system, an analysis of recent federal data has found. Read More »

Dubai’s DP World in talks with banks for $3 bln loan

Reuters | April 24, 2014 | Ports & Terminals

Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and reduce the interest rate, banking sources told Reuters on Thursday. Read More »

Titan International Expands Its Board of Directors With the Appointment of New Director

PR Newswire | April 24, 2014 | Intermodal

Titan International, Inc. Board of Directors is honored to announce that Dr. Mark Rachesky has agreed to join Titan’s Board of Directors effective June 1, 2014. Mark H. Rachesky is the Founder and President of MHR Fund Management LLC, a New York based investment firm that takes a private equity approach to investing. Read More »

Shipper Fredriksen to take control of dry bulk firm Knightsbridge

Reuters | April 24, 2014 | Breakbulk & Projects

Shipping tycoon John Fredriksen is joining one of its shipping firms with rival Knighsbridge Tankers Ltd to create the largest U.S. listed Capesize firm, which will compete with Fredriksen’s own dry bulk company Golden Ocean. Read More »

Konecranes Q1 profit disappoints

Reuters | April 24, 2014 | Ports & Terminals

Finnish crane maker Konecranes on Thursday reported a bigger-than-expected fall in first-quarter profit, while new orders booked in the quarter also fell short of forecasts. Read More »

Japan’s Mitsui pays China to release seized ship

Reuters | April 24, 2014 | Liner Shipping

The Chinese government has described the case as a simple business dispute unrelated to wartime compensation claims, but it has become a cause célèbre for activists in China seeking redress from Japan. Read More »

All at sea: global shipping fleet exposed to hacking threat

Reuters | April 23, 2014 | Liner Shipping

The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. Read More »

Teamsters, Other Unions Pledge Support to Regional Pilots

PR Newswire | April 23, 2014 | Air Cargo

The head of one of the largest Teamster pilot unions joined other union leaders across the industry in spearheading an agreement to set new standards for regional pilot contracts and to stand together during negotiations. Read More »

US trade representative presses Japan to take ‘elevated view’ in trade talks

Reuters | April 23, 2014 | International Trade

The United States put last-minute pressure on Japan to compromise in trade talks on Wednesday, shortly before President Barack Obama was to arrive for a state visit. Read More »

Johnson Controls profit tops estimates as auto parts sales rise

Reuters | April 23, 2014 | International Trade

Johnson Controls Inc reported a better-than-expected quarterly profit as higher vehicle production in key markets drove up sales of car seats and other auto parts. Read More »

China is a driver, not a drag, for US earnings in first quarter

Reuters | April 23, 2014 | International Trade

Economic growth may be slowing in China, and fears of a credit crunch there may be rife, but the world's second-largest economy was a driving force for U.S. company profits in the last quarter. Read More »

Import tariffs strain rich-poor gap in ‘madly expensive’ Luanda

Reuters | April 23, 2014 | International Trade

In Luanda's Jumbo supermarket, a half-liter tub of imported vanilla ice-cream used to cost $25, testament to the Angolan capital's rank as one of the world's most expensive cities. Read More »

Kazakhstan to boost grain exports to Iran, China

Reuters | April 23, 2014 | International Trade

Kazakhstan will boost grain exports to Iran and China this 2013/14 marketing year as it seeks to diversify regions of supply and reduce dependence on Russian and Ukrainian ports, the country's state grain trader said. Read More »

Bayport dredging permit a step closer at the Port of Houston

AJOT | April 23, 2014 | Ports & Terminals

The U.S. Army Corps of Engineers has furnished the Port Authority its draft permit for the Bayport Channel Improvement project, Executive Director Roger Guenther reported to the Port Commission of the Port of Houston Authority today. The draft permit for Barbours Cut channel dredging will follow soon, he said. Read More »

Maritime Society names Mattioni as 2014 “Person of the Year”

AJOT | April 23, 2014 | Ports & Terminals

The Ports of Philadelphia Maritime Society (PPMS) congratulates and honors Eugene Mattioni, Shareholder of the law offices of Mattioni, Ltd., as its 2014 “Person of the Year.” Read More »

voestalpine Texas puts their shovels in the dirt for a new era at the Port’s La Quinta Trade Gateway

AJOT | April 23, 2014 | Ports & Terminals

voestalpine Texas will celebrate the ground breaking of a US $740 million Hot Briquetted Iron (HBI) facility at Port Corpus Christi’s La Quinta Trade Gateway on Wednesday, April 23, 2014.  The event will be held from 11:30 AM to 2 PM at the La Quinta Trade Gateway, located at 4832 HWY. 181, Portland, Texas.  Read More »

Ship Philly First has new leadership

AJOT | April 23, 2014 | Ports & Terminals

Ship Philly First, an independent marketing group that seeks to promote the  Port of Philadelphia as a world class gateway, has new leadership. Read More »

Revised terminal handling charges for Hapag Lloyd

AJOT | April 23, 2014 | Liner Shipping

Hapag-Lloyd will revise the terminal handling charges effective May 26, 2014. Read More »

Hamburg Süd North America GRI for US West, Gulf and East Coast to Australia & New Zealand

AJOT | April 23, 2014 | Liner Shipping

Effective July 1, 2014, a General Rate Increase (GRI) will be applied to all cargo moving from the United States West Coast, Gulf Coast, and East Coast to Australia & New Zealand in the following amounts: Read More »

BBC Chartering strengthens European representative network

AJOT | April 23, 2014 | Breakbulk & Projects

The global provider of multipurpose and heavy lift shipping services, German based BBC Chartering, announces the launch of a new representative office in Bilbao, Spain effective April 10, 2014. This follows the recent opening of a French representation the carrier has introduced in January. Read More »

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