Dear clients,
AuctionExport office will be closed on Thursday December 31st and January 1st, 2016. 
If your matter is urgent and you require immediate assistance please email info@auctionexport.com and someone will get back to you as soon as possible.
Thank you and Happy New Year!

US starts exporting crude cil after 40-year-ban

On December 18, 2015 the Consolidated Appropriations Act, 2016 was signed into law. The Act includes the lifting of the 40-year old ban on crude oil exports from the US.

Enterprise Products Partners L.P. will be the first company to provide pipeline and marine terminal services for crude oil produced in the US. The first load is expected be shipped in Januray from their Texas facility.

According to A.J. Teague, chief operating officer of Enterprise’s general partner, “Enterprise’s integrated system enabled us to quickly respond to customer demand for U.S. crude oil by international markets.”

He added that the new law will be beneficial to the country’s economic growth, job creation and national securuity.

Dear Clients, our office will be closed on December 24th and 25th, 2015 because of Christmas Holidays. ‪‎AuctionExport‬ team wishes you and your family the best in this upcoming year. Thanks for yur trust and for doing business with us.

Australia Is Going To Make The Biggest Coal Port Ever

As everyone know Australian main treasure is a Great Barrier Reef. For the long time it was restricted to implement any building projects on it territory.
However, recently there was given a green light by environmental protectors to make the biggest coal port ever.

The plans include dredging of more than 1 million cubic meters. Abbot Point port expansion project faced a lot of protests as it can damage the reef itself and harm its flora and fauna. But from the other side it will raise the trade volumes aimed at Asia markets.

Danish shipping giant Maersk Group has joined the WTO-backed Global Alliance for Trade Facilitation.

The news came at the 10th WTO Ministerial Conference held in Nairobi, Kenya. The Alliance consists of governments, multinational companies and the International Chamber of Commerce, as well as the World Economic Forum.

The 2 major goals which the TFA aims to reach are minimizing supply chain barriers and reinvigorating global trade. In order to achive that, the group will look into trade barriers in each country and work on removing the biggest obstacles to global trade.

The plan should benefit all countries and companies of the Alliance, as the WTO estimates that its full implementation could add USD 1 trillion to the global GDP and 21 million new jobs.