American Shipper

FreightWaves Staff Wednesday, January 2, 2013

Growing ENTREC buys U.S. crane service

   Canada-based ENTREC, an industrial transportation company, has acquired Taylor Crane Service, an oil crane operator located in the Bakken oil formation, for $4.3 million and 1 million shares of stock.    A 31-day due diligence period will occur before the deal is closed.    “The acquisition of Taylor Crane, combined with our current operations […]

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Chris Dupin Wednesday, January 2, 2013

Oil rig runs aground off Alaska

Kulluk    A large mobile drill rig ran aground off the coast of Alaska on Monday evening.    Reports from the U.S. Coast Guard on Tuesday said a flyover of the Conical Drill Unit (CDU) Kulluk showed the vessel “remains grounded but stable” near Sitkalidak Island (north edge of Ocean Bay). The flight crew’s aerial inspection found […]

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FreightWaves Staff Wednesday, January 2, 2013

Vietnam ramps up clothing exports

   Vietnam wants to become a global top-five clothing manufacturing and exporting nation by 2020, according to the global business information company Textiles Intelligence.    The report said Vietnam has set an export target in the range $20 billion to $22 billion for 2020, up from $15.8 billion in 2011. Between 2005, Vietnam’s textile and clothing […]

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Chris Gillis Monday, December 31, 2012

U.S. loan to support Australian LNG project

   The U.S. Export-Import Bank will finance a $1.8 billion direct loan to BG Energy Holdings Ltd. to support U.S. exports for a natural gas liquefaction (LNG) project in Queensland, Australia.    This is the bank’s second LNG project in Australia, and it will support an estimated 9,200 American jobs.    Ex-Im Bank’s financing will […]

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Chris Gillis Monday, December 31, 2012

ITC to update U.S. import restraints report

   The U.S. International Trade Commission has begun to update its report on the effects of significant U.S. import restraints.    The report will also examine the contribution of services to U.S. manufacturing, the non-partisan, fact-finding agency said.    The report, The Economic Effects of Significant U.S. Import Restraints: Eighth Update Special Topic: Services’ Contribution to […]

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FreightWaves Staff Monday, December 31, 2012

Dulles airport inspection unearths khat in cargo

   U.S. Customs officers seized almost 214 pounds of khat on Dec. 21 shipped as air freight from Doha, Qatar.    The drug was listed on the airline’s cargo manifest as “wood coffee tables” and had a street value of about $30,000, U.S. Customs and Border Protection said.    Khat is a green, leafy plant typically […]

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FreightWaves Staff Monday, December 31, 2012

ITC continues silica brick import investigation

   The U.S. International Trade Commission unanimously determined there is “reasonable indication” that a U.S. industry is harmed by imports of silica bricks and shapes from China that are allegedly sold in the United States at less than fair value.    As a result of the ITC’s affirmative determination, the Commerce Department will continue its investigation […]

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