The National Association of Manufacturers wants Capitol Hill lawmakers to pass another long-term extension of the bank’s charter before its Sept. 30 expiration.
China’s Finance Ministry on Sept. 11 announced the first round of exemptions of U.S. goods from Chinese retaliatory tariffs. The exemptions will be effective from Sept. 17 to Sept. 16, 2020. Specifically, the exclusions will cover two lists — one comprising 12 items and another comprising four items. For the first list, affected import enterprises […]
Dry bulk spot rates have pulled back from recent highs, while trans-Pacific container rates have held their gains.
Shippers responded to the last round of tariff increases on imports from China by front loading containers into U.S. ports in July, the National Retail Federation said. After bottoming out this month, the NRF forecasts container volumes will rise in October and peak in November. July’s volume of 1.96 million twenty-foot equivalent units (TEUs) was […]
Attorney Richard Luthmann received a four-year prison term and was ordered to pay $500,000 in restitution for defrauding businesses in the U.S. and overseas.
Almost all companies required to conduct due diligence to determine the countries of origin for conflict minerals used in their products did so last year, according to a Government Accountability Office (GAO) report released Sept. 9. The relevant Securities and Exchange Commission (SEC) regulation generally requires companies to disclose whether they sourced tin, tantalum, gold […]
Final investment decisions for new global LNG export plants are surging, a negative for future thermal coal demand.
Export compliance experts find little new in the Bureau of Industry and Security’s FAQs answers related to the Chinese telecom’s placement on the Entity List and temporary general license.
The Coast Guard said four men trapped inside the hull of the car carrier Golden Ray have been rescued through a hole cut in the bottom of the ship.
More than 24 hours after the car carrier Golden Ray capsized, Coast Guard rescuers have made contact with 4 trapped crewmembers.
A Treasury Department official reaffirmed on Sept. 8 the Trump administration’s denial of temporary waivers that previously allowed countries to import Iranian crude oil under U.N. and U.S. sanctions.
A NAFTA binational antidumping and countervailing duty dispute panel on Sept. 4 issued a decision upholding the U.S. International Trade Commission’s (ITC’s) finding that imports of softwood lumber from Canada are causing adverse impact to U.S. industry, according to a Sept. 5 note from the NAFTA Secretariat. “The panel found that the commission’s finding of […]
U.S. ports will see a rush of ships as they reopen, but Bahamas port sees severe damage.
The U.S. container shipping industry is eager to weigh in on recommendations produced and approved by the Federal Maritime Commission that promise to bring clarity and fairness to the assessment of demurrage and detention fees.
CMA CGM expects an even better second half to the year following its acquisition of CEVA Logistics.
According to Euronav, the derivatives market in low sulfur fuel oil is not deep enough to provide a viable IMO 2020 hedge – but it will be soon.
Inspections of a sample of 500 ocean containers found large numbers with misdeclared cargo, improper stowage or placarding.
Hurricane Dorian has been creeping up the Southeast coast of the U.S., impacting some of the country’s largest ports.
Freeport Harbor in the Bahamas is open following Hurricane Dorian, but initially is expected to handle self-geared ships.
The U.S. Federal Maritime Commission on Sept. 6 unanimously approved a set of recommendations to bring about fairness in the way demurrage and detention fees are administered by ocean carriers and marine terminal operators against American shippers. Commissioner Rebecca Dye delivered her recommendations to Chairman Michael Khouri and Commissioners Daniel Maffei and Louis Sola for […]
