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New EU marine fuel rules erode shippers’ gains from cheap oil

Reuters | December 17, 2014 | Liner Shipping

Shipping firms operating in northern Europe will not get the full benefit of plunging oil prices as they face higher fuel costs and potential insurance problems from sulphur regulations coming into force early next year. Read More »

Premium Article  WTO’s TFA will positively impact apparel and footwear logistics

Karen Thuermer | December 17, 2014 | Transport Intermediaries

WTO’s TFA will positively impact apparel and footwear logistics

Footwear and apparel is one of the most dynamic and complicated industries in the world. Not only is footwear and apparel manufactured in nearly every country on the planet, every human being consumes its products. Read More »

White House fact sheet on change in Cuba policy

Reuters | December 17, 2014 | International Trade

Following is the text of a White House news release titled “Charting a New Course on Cuba.” Read More »

Premium Article  Industry partners to assist victims of flooding in India

Paul Scott Abbott | December 17, 2014

Industry partners to assist victims of flooding in India

The holidays are a time for giving, and no one knows this better than Baltimore area shipping industry leaders whose benevolent efforts are helping victims of the floods that devastated India’s Kashmir region in September. Read More »

Sri Lanka opposition vows to scrap China port deal if wins election

Reuters | December 17, 2014 | Ports & Terminals | Ports

A leader of Sri Lanka’s opposition said he would scrap a $1.5 billion deal with China Communications Construction Co Ltd to build a port city if the challenger to President Mahinda Rajapaksa wins next month’s election. Read More »

FedEx 2nd-quarter profit rises, but misses expectations

Reuters | December 17, 2014 | Air Cargo

FedEx 2nd-quarter profit rises, but misses expectations

Package delivery company FedEx Corp reported lower-than-expected quarterly profit on Wednesday as U.S. domestic package and international export volumes rose, and reaffirmed its full-year profit outlook. Read More »

Belgrade-Budapest railway part of Chinese ‘express lane’ to Europe

Reuters | December 17, 2014 | Intermodal | Rail | International Trade

Chinese construction of a new rail link between Belgrade and Budapest should begin by the middle of next year, Serbia’s prime minister said on Wednesday, as China pursues plans to accelerate the flow of goods through the Balkans. Read More »

Maersk Line says latest rate hike under pressure on low demand

Reuters | December 17, 2014 | Liner Shipping

Maersk Line says latest rate hike under pressure on low demand

Container shipping firm Maersk Line said a fresh attempt made on Monday to raise freight rates on main routes from ports in Asia to those in northern Europe was already under pressure due to weak demand from shippers. Read More »

India’s Tata Steel restarts key iron mines amid shortage

Reuters | December 17, 2014 | Breakbulk & Projects | Breakbulk

India’s Tata Steel Ltd resumed production from two of its four iron ore mines on Tuesday, a company source and a government official said, cutting a shortage that had forced the company to import the raw material for the first time. Read More »

Buckeye says 7 U.S. pipelines overbooked for January 2015

Reuters | December 16, 2014 | Energy | Pipeline

Buckeye Partners LP said on Tuesday nominations for seven of its refined product pipeline segments in the United States were overbooked for January 2015. Read More »

Purolator International names Saenz as Branch Sales Manager in Houston

AJOT | December 16, 2014 | Transport Intermediaries

Purolator International has announced the appointment of Rebecca L. Saenz as Branch Sales Manager in Houston, Texas.  Saenz brings 10 years of logistics sales experience to the role, helping her to grow Purolator’s presence in the region. Read More »

White House task force takes aim at illegal seafood trade

Reuters | December 16, 2014 | International Trade

A White House task force on Tuesday issued proposals to tighten the grip on the illegal global seafood trade, which the group said causes billions of dollars in losses to the legal fishing industry annually. Read More »

As Qualcomm decision looms, US presses China on antitrust policy

Reuters | December 16, 2014 | International Trade

U.S. President Barack Obama pressed China's Xi Jinping during recent talks on the use of Chinese antitrust policy to limit royalty fees for foreign companies, an issue at the heart of a probe into U.S. mobile chipset maker Qualcomm Inc. Read More »

Ford India to recall 20,752 EcoSport cars to inspect corrosion concerns

Reuters | December 16, 2014 | International Trade

Ford Motor Co's India unit said it will recall 20,752 EcoSport cars in the country to correct concerns about fuel and vapor line corrosion in the long-term. Read More »

Fiat Chrysler exports from Brazil to Mexico after more than 3 years

Reuters | December 16, 2014 | International Trade

Fiat Chrysler Automobiles has resumed exports from Brazil to Mexico after a more than three-year hiatus due to weak Brazilian demand and a more favorable exchange rate, Cledorvino Belini, chief executive officer in Latin America, said. Read More »

Euro zone trade surplus rises more than expected in October

Reuters | December 16, 2014 | International Trade

The euro zone's unadjusted trade surplus rose more than expected in October, data showed on Tuesday, thanks to a strong rise in exports and flat imports. Read More »

Italy October global trade surplus rises on exports

Reuters | December 16, 2014 | International Trade

Italy posted a trade surplus with the rest of the world of 5.397 billion euros in October, rising from a surplus of 3.847 billion euros in the same month of 2013 as exports increased, data showed. Read More »

EU’s Russia debate a challenge for top diplomat Mogherini

Reuters | December 16, 2014 | International Trade

Italy's Federica Mogherini pledged as European Union foreign policy chief that the EU would play a stronger role in tackling world crises. Her resolve is about to be tested as the bloc debates whether it is time to mend its relationship with Russia. Read More »

Shipping industry modifies clauses in contracts for Ebola risks

Reuters | December 16, 2014 | Liner Shipping

Some of the shipping industry's biggest trade associations are modifying freight contracts to reduce commercial exposure for companies whose ships travel to countries affected by the Ebola outbreak and to protect crews from the deadly virus. Read More »

CMB diversifies into container shipping

AJOT | December 16, 2014 | Liner Shipping

The Board of Directors of CMB approved the acquisition of the fleet of containerships of Delphis. Delphis is a fully-owned subsidiary of SAVERCO, one of CMB’s reference shareholders. Read More »

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