Longshore workers who load grain in the U.S. Pacific Northwest export terminals have voted to ratify a new collective bargaining agreement with several multinational grain companies. The contract will be in effect until May 31, 2018. Members voting in favor totaled 1,475; those voting against numbered 193. “Terms of the agreement include work rule changes […]
August 27, 2014 | Posted in
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Kuwait Petroleum Corporation (KPC) has signed a historic deal with China’s Unipec which will see almost doubling of KPC’s shipments of crude to China. This is a milestone deal for KPC, under which, as of 2014 KPC will provide Unipec crude oil with the volume expected to reach 300,000 barrels per day (bpd). The amount […]
The U.S. Department of Energy (DOE) has said that it will act on applications to export liquefied natural gas (LNG) from the lower-48 states to countries with which the United States does not have a free trade agreement requiring national treatment for natural gas only after completing the review required by the National Environmental Policy […]
Brazilian mining giant Vale is looking to expand its shipping fleet as it eyes doubling of iron ore shipments to China, according to Jose Carlos Martins, Vale’s head of ferrous metals. To support the export volume increase Vale is reviewing its options which include adding new extra large carriers, through ownership or leasing, the second […]
August 8, 2014 | Posted in
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The U.S. Federal Energy Regulatory Commission (FERC) authorized Freeport LNG Development, L.P. to site, construct, and operate facilities to liquefy and export domestic natural gas from its existing liquefied natural gas (LNG) import terminal located near the city of Freeport, Brazoria County, Texas. The Freeport Liquefaction Project includes the construction and operation of a […]
August 1, 2014 | Posted in
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Oregon LNG has received authorization from the U.S. Department of Energy (DOE) to export liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the U.S. This approval allows the largest Asian buyers to purchase from Oregon LNG, which already has authorization to ship to any of the […]
August 1, 2014 | Posted in
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Freeport-McMoRan Inc. has disclosed that its Indonesian subsidiary PT Freeport Indonesia (PT-FI) received approval from the Government of Indonesia to resume exports of copper concentrates. PT-FI will resume full operations immediately and concentrate exports are expected to commence in August 2014. PT-FI has entered into a Memorandum of Understanding (MOU) with the Government of Indonesia […]
July 29, 2014 | Posted in
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Iran’s leading oil tanker firm NITC still has a long and arduous way ahead in the effort to reach its pre-sanction export levels, in spite of the EU General Court’s ruling against the EU’s 2012 blacklisting designation of the company. NITC, sanctioned both by the EU and the United States, contested the blacklist designation by […]
Twenty-six Cape-size vessels operated by African Minerals have been very busy in the first quarter of 2014, transporting 4.52Mt of direct shipping iron. African Minerals exported 9.1Mt from the Tonkolili iron ore mine in Sierra Leone in the first half and is on target to achieve full year guidance of 16-18Mt, the company said. […]
The European Union wants to expand its Transatlantic trade with the U.S. and is mulling the ways to do so. The trading line is believed to have considerable growth potential for both economies. The framework to work on is the Transatlantic Trade and Investment Partnership, or the TTIP, as proposed by Karel De Gucht, […]
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