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Global freight forwarders ‘must evolve’ to survive in new environment, says report

AJOT | July 31, 2014 | Transport Intermediaries

Declining in value by 3.3% from 2012, the freight forwarding market is facing major challenges as it fights to stay viable in a changing global environment. This is one of the main conclusions of the latest report from Ti, ‘Global Freight Forwarding 2014’. Read More »

Virgin Atlantic Cargo goes for ‘green’ container fleet

AJOT | July 31, 2014 | Air Cargo

Virgin Atlantic Cargo goes for ‘green’ container fleet

Virgin Atlantic Cargo has taken delivery of its first 802 lightweight air cargo containers and will add a further 250 new units in the coming weeks as part of its sustainability program to save fuel and reduce its carbon footprint Read More »

ANA finalizes $13 billion deal for 40 long-haul Boeing planes

Reuters | July 31, 2014 | Air Cargo | International Trade

All Nippon Airways said that it has finalised a $13 billion order for 40 Boeing wide body jets as part of the Japanese carrier's efforts to further modernise and expand its fleet. Read More »

SWISS posts stable first-half result

AJOT | July 31, 2014 | Air Cargo

SWISS reports an operating profit of CHF 118 million for the first six months of 2014, up 64 per cent on the same period last year. Read More »

LyondellBasell emerges as mystery U.S. buyer of Kurdish oil; says no more

Reuters | July 31, 2014 | Energy | Maritime

Chemicals firm LyondellBasell, owned by Ukraine-born billionaire Leonard Blavatnik, has emerged as the mystery American buyer of Kurdish crude oil this year, but said on Thursday it will not be buying any more due to an ownership dispute. Read More »

US DOE gives approval to Oregon project to export LNG

Reuters | July 31, 2014 | Energy | Maritime

The U.S. Energy Department said on Thursday it has approved Oregon LNG to export liquefied natural gas, as the Obama administration works through applications to export fuel from the domestic drilling boom to markets in Asia and Europe. Read More »

Kurdistan says crude cargo near Texas legally sold

Reuters | July 31, 2014 | Energy | Maritime

A $100 million cargo of crude oil in a tanker near Texas was legally shipped and sold by Kurdistan, lawyers for the autonomous region in Iraq told a U.S. court in a letter seen on Thursday, saying Baghdad has no right to the barrels. Read More »

Refurbished Seajacks vessels leave Shipdock Amsterdam ready to work

AJOT | July 31, 2014 | Liner Shipping

Refurbished Seajacks vessels leave Shipdock Amsterdam ready to work

‘Seajacks Leviathan’ and ‘Seajacks Kraken’ are prepared for their coming assignments, following a series of repair and renewal jobs by Shipdock Amsterdam. Read More »

Fifth tanker of Iraqi Kurdish oil loading in Turkey

Reuters | July 31, 2014 | Energy | Maritime

The fifth cargo of crude oil from Iraqi Kurdistan was loading at Turkey’s Mediterranean port of Ceyhan on Thursday and was scheduled to set sail on Friday, Turkish energy officials said. Read More »

Enterprise looks to expand Houston ethane export terminal

Reuters | July 31, 2014 | Liner Shipping

Enterprise Products Partners LP said it was looking at expanding the ethane export facility it is building on the Houston Ship Channel after winning another transport contract. Read More »

U.S. FERC approves construction of Freeport LNG export project

Reuters | July 31, 2014 | Energy | Maritime

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP’s liquefied natural gas export project in Texas. Read More »

Kurdish oil cargo unloaded at sea, destination a mystery

Reuters | July 31, 2014 | Energy | Maritime

Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the buyer and where the two tankers are headed. Read More »

Russia’s Sept oil exports from Kozmino seen at 2.5 million tons

Reuters | July 31, 2014 | Energy

Russia is expected to ship 2.5 million tonnes of ESPO crude oil blend from the Pacific port of Kozmino in September, a monthly record high, industry sources said on Thursday. Read More »

All Nippon Airways finalises $16.5 bln deal for Airbus, Boeing planes

Reuters | July 31, 2014 | Air Cargo

Japan’s All Nippon Airways said on Thursday that it has finalised $16.5 billion worth of orders for Airbus and Boeing aircraft. Read More »

Asia Dry Bulk-Capesize rates to stay flat on overcapacity, cargo woes

Reuters | July 31, 2014 | Breakbulk & Projects

Rates for capesize bulk carriers on key Asian routes are set to remain in the doldrums next week, staying flat or gaining just a few cents as an oversupply of ships weighs on cargo availability, ship brokers said. Read More »

Kerry presses India on global trade deal as deadline looms

Reuters | July 30, 2014 | International Trade

U.S. Secretary of State John Kerry, who arrived in India for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalization. Read More »

Obama administration kicks off bid to renew Africa trade program

Reuters | July 30, 2014 | International Trade

The Obama administration pushed for Congress to renew a 14-year-old trade program giving African countries duty-free access to U.S. markets, warning that allowing the program to expire would disrupt trade flows between the two regions. Read More »

EU and US announce new sanctions on Russia over Ukraine

Reuters | July 30, 2014 | International Trade

The European Union and the United States announced further sanctions against Russia, targeting its energy, banking and defense sectors in the strongest international action yet over Moscow's support for rebels in eastern Ukraine. Read More »

US looks for Asian cooperation on sanctions against Russia

Reuters | July 30, 2014 | International Trade

The United States is lobbying Asian governments to join in sanctions imposed by Washington and the European Union against Russia over its support for separatist rebels in eastern Ukraine, a senior State Department official said. Read More »

US soymeal exports on course to top lofty expectations

AJOT | July 30, 2014 | International Trade

The U.S. Department of Agriculture has already projected that U.S. soymeal exports will hit a record 10.7 million tons (1 ton = 1.102 metric tons) this year, but they could well top even that lofty forecast if domestic feed users switch from pricey meal to relatively cheap distillers' grains (DDG) and free up more meal supplies for the export market. Read More »

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