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China denies US warning of undervalued currency

Reuters | April 17, 2014 | International Trade

China rejected a warning from the Obama administration that its currency was too weak, urging the United States to recognise that China aims to "perfect and regulate" the exchange rate system. Read More »

Ford’s Lincoln brand to debut in China with stores in seven cities

Reuters | April 17, 2014 | International Trade

Ford Motor Co's premium brand Lincoln may be late to China's luxury boom, but its top executives say the upscale car market still has plenty of steam left for growth to make its debut later this year worthwhile. Read More »

Booming demand pushes Florida to limit sea cucumber harvest

Reuters | April 17, 2014 | International Trade

Florida is capping the number of sea cucumbers that fisherman can pull from state waters after booming Asian demand led to four times as many being harvested in 2013 compared to previous years. Read More »

Euro zone’s trade surplus widens on rising exports in February

Reuters | April 17, 2014 | International Trade

The euro zone's trade surplus widened in February from a year earlier on rising exports with imports unchanged, the European Union's statistics office Eurostat said. Read More »

EU agrees to expand Russia sanctions, may hold emergency summit on Ukraine

Reuters | April 17, 2014 | International Trade

The European Union agreed to step up sanctions against Russia over Ukraine by expanding a list of people targeted with asset freezes and visa bans, and said the bloc could hold an emergency summit next week to adopt further measures. Read More »

Massive China shoe factory strike rolls on as offer falls flat

Reuters | April 17, 2014 | International Trade

Thousands of workers at a giant Chinese shoe factory shrugged off an offer for improved social benefits, prolonging one of the largest strikes in China in recent years amid signs of increased labor activism as the economy slows. Read More »

After Japan beef deal, Australia eyes cattle sales to China

Reuters | April 17, 2014 | International Trade

Hot on the back of winning lower tariffs for beef exports from its largest buyer Japan, Australia is setting its sights on winning another major prize for its beef industry by persuading China to open its market to live cattle sales. Read More »

Rising wages squeeze Bangladesh garment makers as factories await upgrades

Reuters | April 17, 2014 | International Trade

Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year's Rana Plaza disaster. Read More »

China to appeal WTO rare earth ruling

Reuters | April 17, 2014 | International Trade

China said it would appeal against a World Trade Organization (WTO) ruling that found it violated global trade rules with its export limits on rare earth minerals used in defense and technology products. Read More »

India’s cotton exports hit as China shifts policy

Reuters | April 17, 2014 | International Trade

Indian raw cotton exports are expected to plummet around 20 percent in the next crop year, with demand from China fading as Beijing unwinds a controversial stockpiling scheme. Read More »

World trade picture improves but 2014 still below trend

Reuters | April 17, 2014 | International Trade

The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade to 4.7 percent, saying it did not expect a return to the historical trend level of 5.3 percent until 2015. Read More »

CIMC Intelligent Technology Co. and Globe Tracker International ApS announce wireless tracking

AJOT | April 17, 2014 | Ports & Terminals

CIMC Intelligent Technology Company, Ltd, a subsidiary of China International Marine Container Company, Ltd, ranked No. 1 worldwide since 1996 for production and sales of transportation equipment, such as marine containers, road transport vehicles and airport ground-handling equipment, has announced that it will create a CIMC Asian Tracking, Monitoring, Remote Management and Trade Data Sharing Showcase at the Port of Shenzhen in collaboration with Globe Tracker International, ApS, a leader in global “end-to-end” supply chain visibility solutions. Read More »

Retailers urge expedited contract negotiations at West Coast ports

AJOT | April 17, 2014 | Ports & Terminals

The National Retail Federation has urged maritime management and the union representing dockworkers along the U.S. West Coast ports to expedite pending contract negotiations and reach agreement on a new deal well in advance of the expiration of the current contract this summer. NRF believes expedited negotiations would strengthen the supply chain and provide shippers and retailers the certainty they need to utilize the West Coast ports during the holiday shipping period, which begins in July. Read More »

Crashes in crucial US crude waterway fall to 10-year low

Reuters | April 17, 2014 | Ports & Terminals

Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more oil moves on U.S. waterways, official data show, suggesting that better training and equipment are helping avert spills like one in March. Read More »

SC Ports report record Pier container volumes

AJOT | April 17, 2014 | Ports & Terminals

South Carolina Ports reported March pier container volumes were the highest since August 2008. Last month the Port handled 85,616 boxes, totaling 692,338 pier containers fiscal year to date. Read More »

US Army Corps of Engineers offers its final approval for Jacksonville harbor deepening

AJOT | April 17, 2014 | Ports & Terminals

The U.S. Army Corps of Engineers has issued a final Chief’s Report approving the Jacksonville Harbor Deepening Project, clearing the way for congressional authorization in an upcoming Water Resources Development Act. Read More »

Throughput of Port of Rotterdam practically stable

AJOT | April 17, 2014 | Ports & Terminals

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil (‑2%), mineral oil products (‑14%) and other liquid bulk cargo (‑14%) were transferred. Read More »

Work starts on Felixstowe expansion

AJOT | April 17, 2014 | Ports & Terminals

Work has started at the Port of Felixstowe on the latest expansion of the UK’s largest container port. Read More »

Cargill expects flour merger with ConAgra to be finalized in 6-8 weeks

Reuters | April 17, 2014 | Intermodal | Ports & Terminals

U.S. agribusiness Cargill Inc expects the merger of its flour mill operations with those of ConAgra Foods Inc to be finalized in six to eight weeks after it clears a longstanding regulatory hurdle, Cargill Executive Chairman Greg Page said. Read More »

ISS appointment develops global liner expertise

AJOT | April 17, 2014 | Liner Shipping

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has announced the appointment of Chris Crookall as Vice President, Liner. Chris will be based in the company’s Liner Division, in Dubai and will report to Eddie Filus, SVP Liner. Read More »

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