Rosneft cancels rig contract with North Atlantic Drilling

Reuters | March 25, 2015 | Energy | Discovery

Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill’s North Atlantic Drilling Ltd, the Norwegian offshore driller said. Read More »

Egypt’s Suez canal revenue at $382 million in February

Reuters | March 25, 2015 | Ports & Terminals | Canal and Waterway

Egypt’s revenue from the Suez Canal was $382 million in February, a government website said on Wednesday, down from $434.8 million in January. Read More »

Port of Houston Authority February Tonnage Jumps 22%

GlobeNewswire | March 24, 2015 | Ports & Terminals | Ports | Container Port

Activity across Port of Houston Authority docks continues to show strength as February 2015 tonnage figures reflected a 22-percent increase compared to February 2014. Read More »

US fast-track trade deal unlikely until next month

Reuters | March 24, 2015 | International Trade

Bipartisan legislation to streamline the passage of trade deals through the U.S. Congress will probably not be done until next month, the Republican chairman of the Senate Finance Committee said. Read More »

Foreign, domestic rosé wines vie for bigger share of US market

Reuters | March 24, 2015 | International Trade

A wine battle may be uncorked as imports of rosés from France, Italy, Spain, Germany, South Africa vie for shelf space and a share of the U.S. market, which is good news for consumers. Read More »

GM to make next-generation Chevrolet Cruze in Mexico

Reuters | March 24, 2015 | International Trade

General Motors Co will build its next-generation Chevrolet Cruze compact in Mexico, the company said on Monday, as automakers look to expand in the Latin American nation to take advantage of low labor costs and free trade agreements. Read More »

Euro zone and US manufacturing expand, China struggles

Reuters | March 24, 2015 | International Trade

Euro zone businesses ramped up activity in March as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fueled expectations of more monetary stimulus. Read More »

US delays on fast-track trade bill cloud Pacific pact

Reuters | March 24, 2015 | International Trade

Delays in finalizing U.S. legislation to speed free trade deals through Congress are casting a cloud over a 12-nation trade pact many thought was near completion, officials close to the negotiations said. Read More »

Hyundai Motor targets 5% US sales growth this year

Reuters | March 24, 2015 | International Trade

South Korea's Hyundai Motor aims to boost its U.S. sales by 4.7 percent this year, ahead of the industry's projected growth rate, despite a consumer shift to SUVs and pick-up trucks. Read More »

No signs Russia might leave WTO, director general says

Reuters | March 24, 2015 | International Trade

Russia shows no signs of wanting to leave the World Trade Organization, WTO chief Roberto Azevedo said, despite tensions with the West over the Ukraine crisis and disputes with other member states. Read More »

Brazil’s current account gap narrows in February

Reuters | March 24, 2015 | International Trade

Brazil's current account deficit narrowed in February as the country's currency weakened sharply and economic growth remained stagnant, central bank data showed. Read More »

Brazil’s port auctions are priority amid budget cuts

Reuters | March 24, 2015 | Ports & Terminals

A plan to attract private investment to Brazil's strained port infrastructure is even more important in the face of federal budget cuts that will curb public investment, Ports Minister Edinho Araújo said in an interview. Read More »

ExIm India opens books for debut green bond

Reuters | March 24, 2015 | International Trade

Export-Import Bank of India is marketing a debut five-year Green bond to yield around 165bp over US Treasuries. Read More »

Sagging rupiah, imports drive Japanese auto makers to expand in Indonesia

Reuters | March 24, 2015 | International Trade

The rupiah's descent to a 17-year low is building the case for Japanese auto makers to focus on rolling out cheaper, locally made sedans and multi-purpose vehicles (MPVs), rather than fighting for a bigger slice of Indonesia's languid market for imported cars. Read More »

EU set to re-impose sanctions on more Iranian shipping companies

Reuters | March 24, 2015 | Liner Shipping

The European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic's transport sector which has sought an easing of trade restrictions, letters sent from the EU showed. Read More »

CN Rail says harsh winter one reason for spike in 2014 accidents

Reuters | March 24, 2015 | Intermodal

An unusually harsh winter is one of the reasons Canadian National Rail Co suffered a sharp increase in the number of train accidents in 2014, a top official said on Tuesday. Read More »

LAN Airline cargo flights may be affected by industrial disputes in South America

PR Newswire | March 24, 2015 | Air Cargo

The unions of LAN Airlines will begin a series of actions on Wednesday, March 25th in Chile, Colombia, Ecuador and Miami Read More »

Logistec announces expansion of Termont’s container handling activities in Montréal

PR Newswire | March 24, 2015 | Ports & Terminals | Terminals | Terminal Operator

This redeveloped site will include a full-service berth for container vessels, two state-of-the-art post-Panamax cranes, a modern automated truck-marshalling gate, an efficient intermodal service using on-terminal rail operations, and a high-density container yard. Read More »

Brazil’s port auctions are priority amid budget cuts

Reuters | March 24, 2015 | Ports & Terminals | Ports

A plan to attract private investment to Brazil’s strained port infrastructure is even more important in the face of federal budget cuts that will curb public investment, Ports Minister Edinho Araújo said in an interview. Read More »

ATA Truck Tonnage Index Fell 3.1% in February

PR Newswire | March 24, 2015 | Intermodal | Road

ARLINGTON, Va., March 24, 2015 /PRNewswire-USNewswire/ -- American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 3.1% in February, following a revised gain of 1.3% during the previous month. In February, the index equaled 131.6 (2000=100), the lowest level since September 2014.

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