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U.S. crude inventories fall more than expected in week

Reuters | July 23, 2014 | Energy

U.S. crude stocks fell more than expected last week even as refineries cut output, government data showed on Wednesday, but a build of 5 million barrels in combined inventories of gasoline and distillates raised questions about demand. Read More »

Israel scrambles to restore foreign flights to Tel Aviv

Reuters | July 23, 2014 | Air Cargo

Israel tried on Wednesday to get U.S. and European commercial flights to Tel Aviv restored after some carriers suspended services, insisting its main airport there was safe despite being targeted by Palestinian rockets. Read More »

Iraq’s south oil exports rise to near-record, avoid northern conflict

Reuters | July 23, 2014 | Energy | Maritime

Iraq’s oil exports from its southern terminals in July rose to a near-record rate, according to loading data and industry sources, remaining unaffected by fighting in other parts of the country. Read More »

EU freezes assets of two firms accused of supplying oil to Syria

Reuters | July 23, 2014 | Energy

The European Union on Wednesday froze the assets of two oil- trading firms accused of organising covert shipments of oil to Syria. Read More »

LoBiondo Statement from Hearing on Domestic Aviation Manufacturing

AJOT | July 23, 2014 | Air Cargo

Hearing on “Domestic Aviation Manufacturing: Challenges and Opportunities” Read More »

Russia’s Gazprom Neft starts production at Iraq Badra oilfield

Reuters | July 23, 2014 | Energy | Discovery

Russia’s Gazprom Neft, the oil arm of state-run Gazprom, has started initial commercial oil production from its Badra oilfield in Iraq, the oil ministry said on Wednesday. Read More »

Gazprom monopoly on pipeline gas exports “unshakeable”

Reuters | July 23, 2014 | Energy | Pipeline

The monopoly held by state-controlled Gazprom on the right to export Russian gas by pipeline was described as “unshakeable” by an aide to President Vladimir Putin on Wednesday. Read More »

Petrol prices rise in Crimea despite Russian promise

Reuters | July 23, 2014 | Energy

The cost of petrol has risen in Crimea for the first time since Russia seized the Black Sea peninsula from Ukraine in March, despite a promise by Moscow to reduce the price. Read More »

Exports channelled through the Port of Barcelona were more than 63% above pre-crisis records

George Lauriat | July 23, 2014 | Ports & Terminals

Total traffic and container traffic grew 7% in the first half of the year Read More »

ATA Calls on Senate to Adopt Shorter Highway Trust Fund Patch

AJOT | July 23, 2014 | Intermodal

American Trucking Associations called on the Senate to adopt a shorter term patch for the Highway Trust Fund in order to pass a long-term, well-funded highway bill sooner, rather than later. Read More »

British International Freight Association names new Director General

AJOT | July 23, 2014 | Intermodal

The British International Freight Association has named Robert Keen as its new Director General to succeed Peter Quantrill who retires from the trade association in August. Read More »

Infrastructure partnership to acquire APM Terminals Virginia facility

AJOT | July 23, 2014 | Ports & Terminals

APM Terminals Virginia and a partnership comprising affiliates of investment funds managed by Alinda Capital Partners (Alinda) and Universities Superannuation Scheme Limited (USS) announced that the partnership will purchase APM Terminal’s state-of-the-art container terminal located in Portsmouth, Virginia.  Read More »

CMA CGM reorganizes the rotations of its ASAF and WAX lines to improve service

AJOT | July 23, 2014 | Liner Shipping

CMA CGM reorganizes the rotations of its ASAF and WAX lines to improve service

In order to better match the needs of its customers in terms of Asian ports covering and available capacities, and to improve the reliability and flexibility of its lines, CMA CGM has decided to reorganize the rotations of its ASAF and WAX lines. Read More »

UTi Worldwide strengthens trade services capabilities in Asia-Pacific with new management role

AJOT | July 23, 2014 | Transport Intermediaries

UTi Worldwide Inc., a global supply chain services and solutions company, announced that Naran Andreyev was recently named Senior Manager, Trade Services for UTi's Asia-Pacific region in this newly created role in support of customs compliance. Read More »

Wilhelmsen Technical Solutions secures Inert Gas System orders for LNG carriers

AJOT | July 23, 2014 | Energy | Maritime | Liner Shipping

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners Read More »

CLX Logistics Promotes Darren Conner to Director of Operations, Managed Services

AJOT | July 23, 2014 | Transport Intermediaries

CLX Logistics LLC, a global provider of comprehensive logistics management, technology, and supply chain consulting services across different vertical industries, has promoted Darren Conner to the position of Director of Operations for Managed Services. Read More »

CN Rail Storage Time Shrinks - Deringer

AJOT | July 23, 2014 | Intermodal

CN Rail advised that free time for container storage has changed from 72 hours to 48 hours at most facilities. Read More »

U.S. grain farmers resort to giant storage bags to avoid cheap sales

Reuters | July 23, 2014 | Intermodal

As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool - giant sausage-shaped storage bags - to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc. Read More »

Konecranes Q2 profit, order intake meet expectations

Reuters | July 23, 2014 | Ports & Terminals

Finnish crane maker Konecranes on Wednesday reported a 25-percent rise in its core quarterly operating profit amid improving market conditions in developed countries. Read More »

Pantos Logistics Signs MOU with Zhejiang Jiabao Logistics of China

PR Newswire | July 22, 2014 | Transport Intermediaries

Pantos Logistics, a comprehensive logistics service provider operating more than 180 logistics networks around the world, recently signed an MOU with Zhejiang Jiabao Logistics Co., Ltd. as part of a drive to expand its international shipping business in China. Read More »

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