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 […]
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 […]
