Pacific Maritime Association members ratify new five-year contract

AJOT | May 21, 2015 | Ports & Terminals | Terminals | Terminal Operator

The members of the Pacific Maritime Association (PMA) have voted overwhelmingly to ratify a new five-year contract with the International Longshore & Warehouse Union. The contract, if ratified by the ILWU, is retroactive to July 1, 2014 and runs through June 30, 2019. Read More »

Crowley Honored with Second Consecutive “Elite Vessel Award” by Marathon Petroleum

AJOT | May 21, 2015 | Liner Shipping

Crowley Maritime Corporation’s petroleum services division has once again been honored by Marathon Petroleum Company (MPC) with its annual Elite Vessel Award, which is given to tank vessel operators who demonstrate a commitment to safety, environmental stewardship and operational excellence. Read More »

SC Ports box volume up nearly 15%

AJOT | May 21, 2015 | Ports & Terminals | Ports | Container Port

SC Ports Authority has handled nearly 15 percent more pier containers fiscal year to date than the same period last year, with total box volume through April climbing to nearly 900,000 containers. Read More »

Transportation Research Board Releases First National Cooperative Rail Research Program Project

AJOT | May 21, 2015 | Intermodal | Rail

This Guidebook provides a “toolbox” of ways to pay for rail projects with a funding shortfall. The TRB release includes both a report summary and the full Guidebook. Read More »

A Prediction on Cuba by Dan Gardner, President Trade Facilitators, Inc.

AJOT | May 21, 2015 | International Trade

The President had just implemented a series of travel, commercial and remittance reforms towards the island, and I viewed the move as the first of many that would end six decades of failed isolationist policy. Read More »

Toronto to host TIACA Air Cargo Forum

AJOT | May 21, 2015 | Air Cargo

TIACA’s 2018 Air Cargo Forum will take place in Toronto, Canada, Secretary General Doug Brittin announced today. Read More »

Heniff Transportation Systems, LLC acquires Horizon Tank Lines

PR Newswire | May 21, 2015 | Liner Shipping

Heniff Transportation Systems, LLC. Headquartered in Oakbrook, IL has announced that it has acquired Horizon Tank Lines, a leading Southeastern bulk chemical hauler. Horizon Tank Lines is headquartered in Durham, NC with terminals located in Wilmington, NC and Hamlet, NC. Read More »

German bank HSH plans to split off bad shipping loans

Reuters | May 21, 2015 | International Trade

German lender HSH Nordbank could split off a “bad bank” for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter. Read More »

Descartes Showcases Logistics Technology Platform Innovations at Global User and Partner Conference

AJOT | May 21, 2015 | Transport Intermediaries

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, showcased its latest product innovations designed to help customers improve the agility, productivity, performance and security of their operations. Read More »

Asia Dry Bulk - Capesize rates face mixed outlook on cargo uncertainty

Reuters | May 21, 2015 | Liner Shipping

Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come under pressure next week if charterers hold back cargoes, ship brokers said. Read More »

Brazil’s Vale to sell 4 large iron ore carriers to China’s CMES

Reuters | May 20, 2015 | International Trade

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump. Read More »

US senators threaten to block trade debate over Ex-Im renewal

Reuters | May 20, 2015 | International Trade

Legislation to fast track trade deals through Congress inched a step closer to a U.S. Senate vote but Democratic and Republican senators threatened to block debate until they are assured of a vote to keep the Export-Import Bank alive. Read More »

US lawmakers compromise on ‘poison-pill’ Pacific trade rules

Reuters | May 20, 2015 | International Trade

U.S. lawmakers reached a compromise on rules that threatened to derail a proposed Pacific trade partnership by agreeing to soften tough provisions against human trafficking. Read More »

US bill to repeal meat labeling laws advances

Reuters | May 20, 2015 | International Trade

U.S. legislation to repeal meat labeling laws, which the World Trade Organization found discriminate against Mexico and Canada, passed a congressional committee and moved one step closer to becoming law. Read More »

Only US rivals win if Congress blocks Asia trade pact

Reuters | May 20, 2015 | International Trade

Secretary of State John Kerry made an impassioned plea to Congress to pass fast-track legislation needed for a 12-nation Pacific trade agreement, saying that failure to do so would benefit U.S. rivals. Read More »

Clinton, White House spar over trade as fast-track vote looms

Reuters | May 20, 2015 | International Trade

Democratic U.S. presidential contender Hillary Clinton set up a potential clash over sensitive trade legislation with the White House, urging steps to prevent currency manipulation and lawsuits by foreign companies against governments. Read More »

China says “strongly concerned” about US economic espionage case

Reuters | May 20, 2015 | International Trade

China is "strongly concerned" about a case in which six Chinese nationals were charged by the United States with economic espionage, it said. Read More »

US Treasury’s Lew urges China to reduce currency interventions

Reuters | May 20, 2015 | International Trade

U.S. Treasury Secretary Jack Lew told a top Chinese official on Wednesday that Washington still wants China to reduce government intervention in the foreign exchange market, a Treasury official said. Read More »

High-tech firms anticipate growing exports

Reuters | May 20, 2015 | International Trade

Nearly three quarters of high-tech executives polled in a new survey released on Wednesday expect their exports to grow over the next two years and many are eyeing expansion into Brazil, Russia and India over the next year. Read More »

Taiwan April export orders in worst fall in 2 years

Reuters | May 20, 2015 | International Trade

Taiwan's export orders in April posted their worst showing in more than two years, with big falls from Japan and China flagging softening demand for the island's electronic gadgets. Read More »