Baltic sea freight index up on higher capesize rates

Reuters | March 24, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday on higher rates for capesize vessels. Read More »

Port Everglades Association hosts Economic Engine Report Luncheon on March 27

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

Key leaders representing the major economic drivers in Broward County - Port Everglades, Fort Lauderdale-Hollywood International Airport (FLL) and Greater Fort Lauderdale Convention & Visitors Bureau - will share their accomplishments and plans for the future at the 7th Annual Economic Engine Performance Report Luncheon hosted by the Port Everglades Association on Friday, March 27, 2015. Read More »

CEVA opens new local distribution center for Magneti Marelli in Italy

AJOT | March 24, 2015 | Transport Intermediaries

CEVA Logistics has announced the opening of a local distribution center for Magneti Marelli After Market Parts and Services, a division dedicated to the independent spare parts network and after sales market, consisting of 1,600 sq m in Padua Interporto, Italy. Read More »

Mega ships and cyber attacks pose new threats for maritime sector, according to new Allianz report

AJOT | March 24, 2015 | Liner Shipping

Shipping losses continued their long-term downward trend with 75 reported worldwide in 2014, making it the safest year in shipping for 10 years, according to AGCS's third annual Safety and Shipping Review 2015, which analyzes reported shipping losses of over 100 gross tons. Read More »

South Asian beaches the target of new EU ship recycling rules

Reuters | March 24, 2015 | Liner Shipping

European, Turkish and Chinese recyclers are set to benefit from strict new EU rules on breaking up old ships, but the practice of dismantling them on beaches in South Asia at great human and environmental cost will still be hard to stop. Read More »

AICM appoints Jack Allen as Board Chairman

AJOT | March 24, 2015 | Transport Intermediaries

American Intermodal Container Manufacturing (AICM) announced today that the company’s Managing Board of Directors has appointed Jack Allen as its Chairman. Allen was formerly Executive Vice President and COO of Navistar, a leading manufacturer of commercial vehicles and engines. AICM also announced the appointment of Patrick Marron as Chief Executive Officer. Read More »

East Coast sees ‘land of opportunity’ In wake of West Coast port concerns

Paul Scott Abbott | March 24, 2015 | Ports & Terminals | Ports | Container Port

East Coast ports look to see significant long-term container volume growth in the wake of West Coast labor and congestion issues, according to opening session speakers at the JAXPORT Logistics & Intermodal Conference. Read More »

Governor Scott Walker to Keynote NTTC’s Annual Conference

PR Newswire | March 24, 2015 | Energy | Rail and Road | Intermodal | Road

The National Tank Truck Carriers, Inc. (NTTC) today announced that Wisconsin Governor Scott Walker will offer the keynote address at its upcoming 67(th) Annual Conference & Exhibit Show. The conference will be held April 26-28 at the Boston Marriott Copley Place located in the heart of Boston's historic Back Bay. Read More »

Not All Smooth Sailing Ahead for Container Shipping Carriers

GlobeNewswire | March 24, 2015 | Liner Shipping

The study notes that demand seems to continue to lag, as evidenced by weekly container pricing remaining relatively flat or down in the past 12 months for several transpacific trade routes, whereas critical Asia-Europe routes are down 15% or more. 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 »

Five takeaways from the Latin American market of 2015

George Lauriat | March 24, 2015 | International Trade

Will the relationship between Argentina and China go south? Read More »

The CMA CGM VOLGA, 8th of the 28 vessels named after famous rivers series, enters the CMA CGM fleet

AJOT | March 24, 2015 | Liner Shipping

The CMA CGM Group is pleased to announce that the CMA CGM VOLGA entered the CMA CGM fleet on March 17th, and started her first rotation in Dalian, China, on March 20th. Read More »

All Ocean Services relocates headquarters to Port of Everett’s waterfront center

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

Marina Office relocating to accommodate new tenant, add efficiencies Read More »

Russia may ban fruit imports from Serbia

Reuters | March 23, 2015 | International Trade

Russia's food safety watchdog said it suspected Serbia of re-exporting Polish apples and was considering banning all fruit imports from the non-EU country, Russian news agency RIA reported. Read More »

US proposes cooperation between new China-led bank and Western institutions

Reuters | March 23, 2015 | International Trade

President Barack Obama's administration is proposing that a new Chinese-led development bank over which Washington has voiced concerns work collaboratively with Western development groups like the World Bank, The Wall Street Journal reported. Read More »

Canadian export agency signs deal to promote yuan use

Reuters | March 23, 2015 | International Trade

Canada's export agency signed a deal with China's biggest bank on Monday to promote the use of the yuan as a settlement currency in trade-related transactions, as officials in Toronto prepared to launch the first yuan trading hub in the Americas. Read More »

Toyota set to approve Mexico plant within weeks

Reuters | March 23, 2015 | International Trade

Toyota Motor is finalizing plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter. Read More »

Spreading beef bans hit Indian farmers, traders - and lions

Reuters | March 23, 2015 | International Trade

Indian farmer Nitin Tarode wants to sell his old bull to help pay for his sister's wedding after his income was hit by patchy rainfall. Read More »

As oil trains roll across America, volunteer firefighters face big risk

Reuters | March 23, 2015 | Intermodal | Rail

Volunteers at the Galena, Illinois, fire department were hosing down the smoldering wreck of a derailed BNSF oil train on the east bank of the Mississippi River on March 5 when a fire suddenly flared beyond their control. Minutes later, the blaze reached above the treetops, visible for miles around. Read More »

CN Rail derailment numbers soared before recent crashes

Reuters | March 23, 2015 | Intermodal | Rail

Canadian National Railway's safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a Reuters analysis has found. Read More »