Treasury’s Office of Foreign Assets Control warns that companies providing bunker services must be careful not to violate the Iran sanctions, but there are exceptions.
Vice President Mike Pence on Sept. 5 in London made the case for a post-Brexit U.S.-United Kingdom trade agreement, asserting that such a deal could triple or quadruple bilateral trade. The U.K. was the seventh-largest U.S. trading partner in 2018, when the U.S. exported $66.3 billion worth of goods to the country and imported $60.8 […]
Tanker major Euronav has revealed new details on its strategy to counter IMO 2020 risks.
A white paper released Sept. 4 by Sen. Bill Cassidy, R-La., raises concern with the ability of the federal government to combat trade-based money laundering (TBML) and suggests that a public distributed ledger system could be used to prevent such money laundering. “There needs to be real-time coordination and reviewable connections between the agency handling […]
Treasury’s Office of Foreign Assets Control sanctioned 16 entities and 10 individuals, as well as 11 ships, which it identified as participants in an Iran-controlled “oil-for-terror” shipping scheme.
Using “crowd-solving” and prizes, Sea Freight Labs hopes to help shipping companies find better and faster solutions to challenges.
The beleaguered dry bulk shipping sector is nearing its post-financial-crisis peak. Is it sustainable?
At least 15 scheduled sailings from Asia are being temporarily culled due to the Chinese national holiday.
Treasury Secretary Steven Mnuchin and French Finance Minister Bruno Le Maire on Sept. 3 stated a shared commitment for their countries to work constructively on a solution to international taxation at the Organization for Economic Cooperation and Development (OECD) by early 2020, Treasury announced after the officials met in Washington, DC. The commitment comes after […]
Customs and Border Protection (CBP) officers arrested a 24-year-old woman on Sept. 2 at the Port of Lukeville, AZ, for attempting to smuggle 53 pounds of methamphetamine from Mexico to the U.S., CBP announced Sept. 3. The drugs have a street value of almost $48,000, the agency said. Officers referred the Mexican national for secondary […]
Companies like Safe Bulkers are booking their ships at considerably higher rates, yet investor interest remains muted.
Resit Tavan, owner of Istanbul-based Ramor Dis Ticaret Ltd., will spend 27 months in jail for conspiring to export U.S. marine equipment to Iran.
The Office of Foreign Assets Control said additional trade regulations will take aim at the Nicaraguan president and his regime for the ongoing use of violence against the country’s people.
South Florida’s customs brokers and forwarder employees begin returning to their offices, with the region mostly avoiding the damaging effects of the hurricane.
China will file a dispute at the World Trade Organization (WTO) regarding U.S. tariffs across approximately $263 billion worth of goods from China in annual import value, China’s Commerce Ministry said Sept. 2. That $263 billion represents the latest round of U.S. Section 301 tariffs on China, the first phase of which took effect at […]
Northeast Florida readies for Hurricane Dorian, Uber and Lyft offer free rides, Georgia ports remain closed and UPS issues pickup and delivery advisory.
The BIS Office of Export Enforcement has “revealed schemes” by Pakistani entities attempting to acquire U.S. technologies to support the country’s nuclear program.
OFAC has added two Taiwan entities and another in Hong Kong, as well as their managers, to its list of sanctions for illicit ship-to-ship transfers of fuel to North Korea.
Maersk, Hapag-Lloyd, HMM and OOCL have announced plans to impose penalties on shippers.
