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ZIM Announces Financial Results for the Third Quarter of 2014

PR Newswire | November 20, 2014 | Liner Shipping

HAIFA, Israel, November 20, 2014 /PRNewswire/ --

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APM Terminals agrees $1 bln port expansion in Ghana

Reuters | November 20, 2014 | Ports & Terminals | Ports

Port operator APM Terminals, a unit of shipping and oil conglomerate A.P. Moller-Maersk , said on Thursday it had signed a memorandum of understanding with the government of Ghana to expand its Tema Port. Read More »

As Bakken goes west, Alaskan crude finds new home in Hawaii

Reuters | November 20, 2014 | Energy | Refinery

The sharp increase in North Dakota Bakken crude flowing to West Coast refineries has forced rival Alaskan oil to find a new market in Hawaii this year, the latest sign the U.S. domestic energy boom is redrawing traditional energy routes. Read More »

OW Bunker chairman says board did not approve credit line that caused collapse

Reuters | November 20, 2014 | Liner Shipping

OW Bunker chairman says board did not approve credit line that caused collapse

The board of OW Bunker did not approve a large credit line and had been “extremely surprised” by a huge trading loss, the chairman said on Thursday, referring to the two incidents blamed for the Danish ship fuel company’s collapse. Read More »

With iceman on the way, US plants and suppliers get ready

Reuters | November 20, 2014 | Intermodal | Road

U.S. Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. Read More »

Kenya’s Mombasa port expects to handle 14 pct more cargo in 2014

Reuters | November 20, 2014 | Ports & Terminals | Ports

East Africa’s biggest port, Mombasa, expects to handle at least 14 percent more cargo this year, helped by its expanded capacity and a marketing drive, its management said on Thursday. Read More »

Tug engineers at Australian iron ore port agree pay deal, cancel strike

Reuters | November 20, 2014 | Ports & Terminals | Ports | Dry Bulk Port

Tug engineers withdrew plans to strike at Port Hedland, Australia’s biggest iron ore port, tug operator Teekay Shipping said on Thursday, removing a threat to exports from BHP Billiton and Fortescue Metals Group Ltd. Read More »

Ice to close upper Mississippi from Nov. 20, earliest on record

Reuters | November 19, 2014 | Liner Shipping

The shipping season on the upper Mississippi River will end on Thursday as ice surrounding locks and dams near Minnesota’s Twin Cities forced the earliest winter closure on records that date back to 1969, the U.S. Army Corps of Engineers said. Read More »

SC Ports Authority sees 17% increase in container volumes

AJOT | November 19, 2014 | Ports & Terminals

The SC Ports Authority announced October volumes are up nearly 17 percent year over year, continuing a strong growth trend in container traffic well above the organization's financial plan. Read More »

Ex-Im Bank Chairman Hochberg signs $1 billion MoU to support US clean energy exports to India

AJOT | November 19, 2014 | International Trade

Export-Import Bank of the United States (Ex-Im Bank) Chairman Fred P. Hochberg signed a Memorandum of Understanding with Chairman K.S. Popli of the Indian Renewable Energy Development Agency (IREDA) that will explore options for utilizing up to $1 billion to finance the sale of U.S. clean energy exports to India. Read More »

Time running out for action on fast-track trade authority

Reuters | November 19, 2014 | International Trade

U.S. lawmakers have very little time to consider granting the White House power to fast-track trade deals before Congress finishes up for the year, the head of the Senate committee responsible for trade said. Read More »

US sugar refiner woes mount as Mexico deal seen choking supply

Reuters | November 19, 2014 | International Trade

At first blush, the powerful U.S. sugar industry seemed to clinch a big win last month when U.S. trade authorities struck a deal to restrict rising imports from Mexican rivals. Read More »

Australia, Brazil sugar industry groups concerned by US-Mexico pact

Reuters | November 19, 2014 | International Trade

Australian and Brazilian sugar industry groups criticized a U.S.-Mexico suspension agreement drafted to end to a trade dispute between the two North American countries, according to letters published on the U.S. Department of Commerce website. Read More »

Brazil must speed foreign trade deals, Cabinet minister says

Reuters | November 19, 2014 | International Trade

Brazil must pick up the pace on negotiations over international trade deals, Presidential Chief of Staff Aloizio Mercadante said, pushing South American trade bloc Mercosur to make progress on long-standing talks. Read More »

Open up to our beer, EU to tell Japan in trade talks

Reuters | November 19, 2014 | International Trade

Japan needs to open up its beer market to European exports if Tokyo and Brussels are to agree one of the world's biggest free trade deals next year, according to an EU document prepared for the next round of talks in December. Read More »

Deer Park Chamber names PHA 2014 Industry of the Year

AJOT | November 19, 2014 | Ports & Terminals

The Deer Park Chamber of Commerce named the Port Authority its 2014 Industry of the Year at a November 18 luncheon at the Jimmy Burke Center. Read More »

FMC to review new US West Coast port congestion surcharges

AJOT | November 19, 2014 | Liner Shipping | Ports & Terminals

FMC to review new US West Coast port congestion surcharges

As labor negotiations between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) continue, several major ocean carriers have implemented "port congestion" surcharges that have captured the attention of the entire shipping community, including the Federal Maritime Commission (FMC). Read More »

Striking drivers from Pacific 9 Transportation end strike and return to work

AJOT | November 19, 2014 | Ports & Terminals

Striking drivers from Pacific 9 Transportation end strike and return to work

As the truck driver strike continues to exacerbate congestion at the ports of Los Angeles and Long Beach as well as at intermodal rail yards that dispatch cargo to and from warehouses and distribution centers across America, a majority of marine terminals at the Port of Los Angeles have turned away struck trucks. Read More »

PRPA reports high level of interest in developing Southport parcels along Delaware River

AJOT | November 19, 2014 | Ports & Terminals

The Philadelphia Regional Port Authority (PRPA) reports that, as of the Friday, November 14 deadline for submissions,  the quality and quantity of responses expressing interest in developing the Authority’s three “Southport” waterfront parcels have met and exceeded the Authority’s expectations. Read More »

Identec Solutions supplies CTAS container position detection system to Terminal Petikemas Surabaya

AJOT | November 19, 2014 | Ports & Terminals

Identec Solutions announces that PT Terminal Petikemas Surabaya (TPS), a joint venture between port operators Pelindo 3 and DP World, has selected Identec’s Container Position Detection (PDS) system solution to provide process automation across their yard operations. Read More »

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