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Asia-Europe container freight drops to lowest level in a year

Reuters | October 10, 2014 | Liner Shipping

Freight rates for shipping containers from ports in Asia to Northern Europe fell 10.2 percent to $738 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Read More »

Quebec Stevedoring continues its expansion with a 2nd US port in New York State

PR Newswire | October 10, 2014 | Ports & Terminals | Seaport Service

" This partnership between OBPA and QSL will create jobs and new maritime transportation opportunities by consolidating international trade in the Port of Ogdensburg. Quebec Stevedoring boosts the port's handling capacity with the expertise, equipment and credibility that has made its name in the maritime trade industry. "

Read More »

Global LNG-Asian prices slide a second week as buyers remain sidelined

Reuters | October 10, 2014 | Energy

Asian spot liquefied natural gas (LNG) prices extended losses for a second week, as low demand for winter cargoes and a sense of inflated values during the recent rally weighed on the market. Read More »

South Korea’s Samsung Heavy to build oil tankers for sanctioned Russian firm

Reuters | October 10, 2014 | Energy | Maritime

South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions, sources familiar with the deal said. Read More »

Vale’s mega iron ore carrier allowed at China port after deals

Reuters | October 10, 2014 | Breakbulk & Projects | Breakbulk

A giant iron-ore freighter owned by Vale SA was allowed to dock at a Chinese port last week, Reuters data showed, the first since the Brazilian miner signed deals with two of China’s largest shipping groups in what was seen as a thawing of relations. Read More »

Green groups sue over expansion of California crude by rail

Reuters | October 09, 2014 | Intermodal | Rail

California environmentalists on Thursday filed a lawsuit against the Kern County Board of Supervisors for its approval last month of a major oil-by-rail project in the state, saying the county failed to disclose the risks of the project to the public. Read More »

EU makes public its wish list for under-fire US trade deal

Reuters | October 09, 2014 | International Trade

The European Union decided to make public its negotiating mandate for a free trade deal with the United States in a bid to quell growing opposition to the proposed accord. Read More »

China, EU close to deal on telecoms trade dispute

Reuters | October 09, 2014 | International Trade

China and the European Union are closing in on a deal to resolve a long-running telecoms dispute by the end of the month, people close to the matter say, potentially putting an end to one of the most divisive issues between the two big trade partners. Read More »

‘Plan B’ needed for EU-US trade pact

Reuters | October 09, 2014 | International Trade

Italy said there needed to be a "plan B" that foresees a partial EU-US trade deal in order to sidestep deadlock over specific issues. Read More »

Workers strike at Foxconn China factory after HP order cut

Reuters | October 09, 2014 | International Trade

More than 1,000 employees went on strike at a China factory owned by Hon Hai Precision Industry Co Ltd, the world's biggest electronics contract manufacturer, demanding higher wages and better benefits, a labour watchdog said. Read More »

Hon Hai says resolved strike at China factory

Reuters | October 09, 2014 | International Trade

Hon Hai Precision Industry Co Ltd, the world's largest contract electronics manufacturer, said it had resolved a strike by about 1,000 workers at one of its factories in China, and that production from the plant was unaffected. Read More »

Port of Montreal hails Logistec’s recent investments in Contrecoeur

AJOT | October 09, 2014 | Ports & Terminals

The Port of Montreal took part in a ceremony celebrating recent investments made by Logistec in its Contrecoeur facilities. Read More »

Canpotex to invest at Port of Portland terminal

AJOT | October 09, 2014 | Ports & Terminals

Portland is already the largest gateway on the U.S. West Coast for bulk mineral exports, and that gateway is about to get more efficient and diversified with the expansion of the Canpotex Limited (Canpotex) potash export facility at the Port of Portland’s marine Terminal 5 in the Rivergate Industrial District. Read More »

GPA marks 13% 1Q growth

AJOT | October 09, 2014 | Ports & Terminals

On the heels of a state-federal agreement allowing the Savannah Harbor deepening to begin, the GPA has posted nearly 13 percent growth in container traffic for the first quarter of the fiscal year. Read More »

Ports tighten ship entry procedures as Ebola fears spread

Reuters | October 09, 2014 | Ports & Terminals

Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus. Read More »

Canpotex to upgrade Oregon port facility

Reuters | October 09, 2014 | Ports & Terminals

Canadian potash exporter Canpotex Ltd said it will spend $140 million to upgrade its export facility at the Port of Portland, Oregon, foreseeing an increase in shipments through the Pacific Northwest. Read More »

Panama Canal receives last tugboat of new fleet

AJOT | October 09, 2014 | Ports & Terminals

Panama Canal receives last tugboat of new fleet

The Panama Canal received Cerro Ancon, the last of the 14 tractor tugs of its new fleet. Read More »

Maersk and MSC ship-sharing pact gets US clearance

Reuters | October 09, 2014 | Liner Shipping

Top container shipping companies A.P. Moller-Maersk and MSC Mediterranean Shipping Co cleared the last regulatory hurdle to launch a vessel-sharing pact, but companies that use their services voiced concerns, particularly in China. Read More »

Ex-Maersk Group partner, ex-NOL chief Jacobs joins Zim board

AJOT | October 09, 2014 | Liner Shipping

The shake-up in the upper reaches of Israeli flag carrier Zim has resulted in former Maersk Group partner and ex-NOL chief executive Flemming Jacobs joining the troubled company's board of directors. Read More »

AmeraMex International provides Niger update

AJOT | October 09, 2014 | Breakbulk & Projects | Projects

AmeraMex International, Inc, a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, commercial farming and mining companies, provides an update pertaining to the Niger project. Read More »

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