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MOL Issues Environmental and Social Report 2014

AJOT | September 28, 2014 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced the publication of the English version of its Environmental and Social Report 2014, which introduces the MOL Group’s perspectives and latest initiatives regarding corporate social responsibility (CSR) and the environment. Read More »

MOL Continues to Earn Inclusion in ESG Target Indices

AJOT | September 28, 2014 | Liner Shipping

Mitsui O.S.K. Lines, Ltd. (MOL, President: Koichi Muto) today announced that the company has once again been included in the Dow Jones Sustainability Index (DJSI) Asia Pacific, on which it has continuously held a spot since 2003. Read More »

Hapag Lloyd Changes Agency in Ivory Coast

AJOT | September 28, 2014 | Liner Shipping | Ports & Terminals

Hapag Lloyd announces the agency agreement with Sumaco will expire with effect from September 30, 2014. With effect from October 1, 2014 our new sub-agent for Territory of Ivory Coast will be Oil & Marine Agencies Cote d'Ivoire. Read More »

ATC Global’s debut in China hailed a success

PR Newswire | September 28, 2014 | Intermodal

BEIJING, Sept. 26, 2014 /PRNewswire/ -- Air traffic management professionals from North and South America, Europe, Russia, Africa, Middle East, Asia Pacific and China met in Beijing at the ATC Global Exhibition and Conference on 17-19 September 2014. Hailed a success by Organisers, UBM, and hosts ATMB, the show has already rebooked over 70% of the exhibition space.

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China announces rule changes to jump-start Shanghai zone investment

Reuters | September 28, 2014 | International Trade

China has introduced a fresh round of regulatory changes in the Shanghai Free Trade Zone in a bid to jump-start interest in the district, which has been struggling to attract more overseas companies, a government website said on Sunday. Read More »

China-led Asia infrastructure bank gains support from 21 countries

Reuters | September 28, 2014 | International Trade

A China-led effort to launch the Asian Infrastructure Investment Bank has attracted the interest of 21 countries, Beijing’s Ministry of Finance said on Sunday. Read More »

Protesters in Brazil end blockade of Vale iron ore railway

Reuters | September 27, 2014 | Intermodal | Rail

Brazilian miner Vale SA said the railway used to transport iron ore to an Atlantic Ocean port from its Carajas mine in the Amazon region has been reopened after protesters blocked the tracks for over four days. Read More »

BHP Billiton to cut capital spending in its petroleum division

George Lauriat | September 26, 2014 | Energy | Discovery | International Trade | Ports & Terminals | Ports | Wet Bulk Port | Dry Bulk Port

BHP Billiton, the Australian mining and oil giant, will cut capital spending in its petroleum division by $279 million in 2015, the company announced in its annual report. The trend follows that of other major oil and gas companies. Major producers including Shell, Chevron and Total have all announced plans this year plans to pull back on capital expenditures. Read More »

USCG says Phnom Penh Autonomous Port no longer maintaining effective anti-terrorism measures.

AJOT | September 26, 2014 | International Trade | Liner Shipping | Ports & Terminals | Regulatory Issues

The U.S. Coast Guard has determined that the Phnom Penh Autonomous Port and the Sihanoukville Autonomous Port in Cambodia are no longer maintaining effective anti-terrorism measures. The previous exception of these ports from the actions required [imposition of conditions of entry on vessels arriving to the United States] is rescinded. Read More »

European refiners get rare boost from late-year U.S. demand

Reuters | September 26, 2014 | Energy | Refinery

A late-year rush for gasoline in the United States is creating unexpected demand for imported cargoes and giving struggling European refineries a welcome autumn boost. Read More »

Vale says strikes lease deal with China Merchants over ore ships

Reuters | September 26, 2014 | International Trade

Brazil’s iron ore miner Vale SA said on Friday it secured a deal with China Merchants Group to lease for 25 years as many as 10 very large ore carriers, which will be built by China Merchants, to ship ore from Brazil to mainland China. Read More »

Global LNG-Prices edge higher; PNG plant reaches full capacity

Reuters | September 26, 2014 | Energy

Asian spot liquefied natural gas prices continued to climb higher this week as a few buyers started to show interest in winter cargoes, although ample supply and healthy inventory levels capped gains. Read More »

Asia-Europe container freight rates down 9.5 pct this week -source

Reuters | September 26, 2014 | Liner Shipping

Shipping freight rates for the transport of containers from ports in Asia to Northern Europe fell by 9.5 percent to $822 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index said. Read More »

Oil spill at Quintero Bay, Chile

AJOT | September 25, 2014 | Ports & Terminals

Inchcape Shipping Services (ISS) Chile is advising of an oil spill at Quintero Bay, Nr Valparaiso, Chile, following an incident on Thursday 24th September at the Monobuoy Terminal when the MT Mimosa cut off hoses and cargo connection, resulting in a spill of around three cubic metres at sea. Read More »

Evergreen expands Asia - South Africa network 

AJOT | September 25, 2014 | Liner Shipping

In order to offer a more comprehensive service on the Asia-South Africa trade, Evergreen Line will adjust its existing joint service with COSCO as well as contribute vessels to the service currently operated by K Line, MOL and PIL. Read More »

DHL parcelcopter launches initial operations for research purposes  

AJOT | September 25, 2014 | Transport Intermediaries

DHL Parcel will soon launch a unique pilot project on the North Sea island of Juist: For the first time worldwide, medications and other urgently needed goods will be delivered to the island at certain times of the day by DHL parcelcopter. Read More »

BDP strengthens India presence

AJOT | September 25, 2014 | Transport Intermediaries

Global logistics and transportation management company, BDP International, Inc. (BDP), has integrated the operations of Unique Global Logistics Ptl Ltd (UGL), it was announced by the companies’ respective boards of directors. BDP’s Indian partner since 2008, UGL is known for its depth of experience in integrated logistics for multinational clients in the oil and gas, wind energy and project sectors. Read More »

Port of Everett seaport adds lift capacity

AJOT | September 25, 2014 | Ports & Terminals

The Port of Everett Seaport is adding additional lift capacity to its operations in March 2015, with the purchase of a new, 150-ton GHMK 7608 mobile harbor crane. Read More »

Japan, US remain apart in trade talks, dealing blow for TPP

Reuters | September 25, 2014 | International Trade

Japan and the United States failed to make progress in bilateral talks, both sides said, dealing a blow for hopes of sealing an ambitious multilateral trade deal this year. Read More »

Germany wants investment clause scrapped in EU-Canada trade deal

Reuters | September 25, 2014 | International Trade

Germany will not sign a trade pact between Canada and the European Union unless an investment protection clause allowing companies to take cross-border legal action against governments is scrapped, Germany's economy minister said. Read More »

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