IFC plans up to $2 billion investment in Egyptian infrastructure, power

Reuters | April 09, 2015 | Breakbulk & Projects | Projects

The World Bank’s development arm plans to invest between $1.2 billion and $2 billion in Egypt over the next four years, including around the Suez Canal, its regional director told Reuters. Read More »

PLS Logistics Services Hires Jon Herberger as Chief Information Officer

PR Newswire | April 09, 2015 | Transport Intermediaries

PLS Logistics Services ("PLS"), a leading provider of technology enabled supply chain and freight brokerage services, today announced that Jon Herberger has joined the company as its Chief Information Officer. Read More »

Refineries revolution to spur use of oil products supertankers

Reuters | April 09, 2015 | Energy | Maritime | International Trade

The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable. Read More »

Russian farming conglomerate Rusagro posts record earnings

Reuters | April 09, 2015 | Breakbulk & Projects | Breakbulk

Russian farming conglomerate Rusagro Group made a record profit last year, having reaped the benefits of a national ban on Western agriculture products and the decline of the rouble. Read More »

Saudi’s Bahri says Q1 net profit more than doubles

Reuters | April 09, 2015 | Liner Shipping

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil shipper for Saudi Aramco, more than doubled its first-quarter net profit, according to a statement on Thursday. Read More »

Blocked entrance to Brazil’s Santos port to open overnight

Reuters | April 08, 2015 | Ports & Terminals | Ports | Dry Bulk Port

Trucks will be able to access a blocked entrance at Santos, Brazil’s largest port, at night while firefighters finish extinguishing a blaze at a nearby fuel-storage facility, city and port authorities said. Read More »

PortsToronto Celebrates the Arrival of the First Ship of the Season with the 154th Annual Beaver Hat

PR Newswire | April 08, 2015 | Ports & Terminals | Ports | Container Port

PortsToronto Harbour Master Angus Armstrong "crowns" M/V Tundra Captain Volodymyr Ovdiyenko with the centuries-old silk and beaver top hat at the 154th annual Beaver Hat Ceremony at Redpath Refinery. Read More »

North Korea warns will act to get back ship held by Mexico

Reuters | April 08, 2015 | Liner Shipping

North Korea accused Mexico on Wednesday of illegally detaining one of its ships with some 50 crew and warned it would take “necessary measures” to release the vessel, which United Nations sanctions monitors say belongs to a blacklisted shipping firm. Read More »

TransCanada looking at oil port sites outside Quebec

Reuters | April 08, 2015 | Energy | Maritime | Ports & Terminals | Ports | Wet Bulk Port

TransCanada Corp will widen its search for sites for an oil-pipeline export terminal outside Quebec after scrapping plans to build one in the province due to environmental concerns, the company’s chief executive said on Wednesday. Read More »

Imports Rising as West Coast Ports Recover

AJOT | April 08, 2015 | Ports & Terminals

Import cargo volume at the nation’s major retail container ports is expected to rise 8 percent this month over the same time last year as West Coast ports continue to recover from a backlog of cargo that built up before a tentative new labor agreement was signed. Read More »

PLS Logistics Services Continues Expansion, Opening Office in Phoenix

PR Newswire | April 08, 2015 | Transport Intermediaries

PLS Logistics Services ("PLS"), a leading provider of technology enabled supply chain and freight brokerage services, announced today that it has opened a new branch office in Phoenix. This is PLS' ninth office nationwide, and was opened to meet the needs of PLS' expanding regional client base. Read More »

Genco Shipping & Trading To Acquire Baltic Trading

PR Newswire | April 08, 2015 | International Trade

Genco Shipping & Trading Limited ("Genco") (OTCBB: GSKNF) and its subsidiary Baltic Trading Limited (NYSE: BALT) ("Baltic Trading") today announced that they have entered into a definitive merger agreement under which Genco will acquire Baltic Trading in a stock-for-stock transaction. Read More »

New appointments for IBIA Singapore office to boost Asian development

AJOT | April 08, 2015 | Liner Shipping

As part of its Asia business restructuring process, IBIA – International Bunker Industry Association – has appointed Jason Leong to head up its Singapore office and lead expansion in the Asia-Pacific region. Read More »

World champion biathlete flies onboard Volga-Dnepr’s IL-76TD-90VD

AJOT | April 08, 2015 | Air Cargo

A delivery of sports equipment for the final stage of the 2014-2015 Biathlon World Cup organised in the Russian city of Khanty-Mansiysk was accompanied by a very important passenger – Germany’s World Champion biathlete, Erik Lesser. Read More »

Baltic sea freight index falls on muted vessel activity

Reuters | April 08, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday due to muted vessel activity. Read More »

ICTSI Oregon, Inc. official statement on Hapag Lloyd’s termination of service to Portland

AJOT | April 08, 2015 | Liner Shipping | Ports & Terminals | Ports | Container Port

ICTSI Oregon, Inc. is very disappointed to hear the news of Hapag-Lloyd's decision to cease its direct MPS service calling Portland. Hapag-Lloyd has been very supportive and loyal to the Portland market. Read More »

The CMA CGM Group obtains the Kingston Containers Terminal concession and makes Jamaica its hub

AJOT | April 08, 2015 | Ports & Terminals | Terminals | Terminal Operator

With CMA CGM, Kingston becomes one of the major transshipment hub port in the Caribbean Read More »

EU re-imposes sanctions on Iranian bank, 32 shipping firms

Reuters | April 08, 2015 | International Trade

The European Union re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies on Wednesday, using new legal grounds, after the measures were struck down by a European court. Read More »

Export Development Canada finances China’s AVIC Leasing for $45 Million US

PR Newswire | April 08, 2015 | Air Cargo

Export Development Canada (EDC) today signed an agreement with AVIC International Leasing Co. Ltd. (AVIC Leasing) to finance the purchase of CRJ900 NextGen aircraft manufactured and sold by Montreal-based Bombardier. Read More »

U.S. closing in on recommendation to remove Cuba from state terrorism list

Reuters | April 07, 2015 | International Trade

The U.S. State Department is closing in on a decision to recommend removal of Cuba from its list of countries accused of sponsoring terrorism, days before President Barack Obama attends a regional summit with his Cuban counterpart Raul Castro. Read More »