A tanker owner and operator were fined $1.5 million each for violating environmental laws within the U.S.-Caribbean emission control area.
Japans NYK has ordered two new ships to respond to demand by shippers of wind turbine blades and other large equipment.
A Hong Kong firm was sanctioned this week by the Office of Foreign Assets Control for its alleged role in the illegal transshipment of U.S. technology to Iran.
Study criticized by former Trailer Bridge CEO examined the Jones Act’s impact on Puerto Rico’s economy.
LNG shipping rates are being driven by seasonal issues. Box shipping rates are behaving counter-seasonally.
The Office of the U.S. Trade Representative (USTR) has released notices for publication in the Federal Register to increase tariffs across almost all imports from China. One notice would increase tariffs from 10% to 15% across approximately $263 billion worth of annual imports from China. The notice is scheduled to be officially published on Aug. […]
U.S. companies with business in Russia — even those not engaged in chemical or biological exports — should understand the sanctions to avoid compliance exposure, export compliance experts say.
French President Emmanuel Macron on Aug. 26 claimed that the U.S. and France reached a deal regarding France’s digital tax framework, after the Office of the U.S. Trade Representative started a Section 301 investigation on the matter in July. Section 301 of the Trade Act of 1974 provides for the imposition of trade remedies, including […]
Rates manage to outperform volume drops as carrier swings to profit.
Best-of-both-worlds business model of LPG carrier Epic Gas strives for both defensibility and growth potential.
The commission will publish a final rule in the Federal Register on Aug. 27 requiring more information from petitioners.
Avocado supplies are expected to return to normal after a summer shortage sent prices skyrocketing in July. Prices spiked in mid-July due to imports of avocados from Peru and Mexico tightening. In addition, the summer avocado harvest from California growers was down this season because of a heatwave in 2018, industry professionals said. “Peru imports […]
The U.S. State Department’s Bureau of International Security and Nonproliferation said it will move forward with the imposition of a second round of trade sanctions against Russia.
U.S. Customs and Border Protection said it will introduce “in the coming months” a new automated tool for importers and exporters to submit their electronic vessel manifest confidentiality requests to the agency.
Polaris New Energy is building a bunker barge to bring LNG to the growing number of cruise and cargo being powered with natural gas.
The Commercial Customs Operations Advisory Committee (COAC) Rapid Response Subcommittee on Aug. 21 proposed that Customs and Border Protection (CBP) support a “Northern Triangle Trade and Job Promotion Act” to promote exports of apparel, agricultural products and other regional economic staples to the U.S. from Guatemala, Honduras and El Salvador. COAC is proposing the legislation, […]
John Fredriksen’s shipping companies are increasing their exposure to IMO 2020 market effects.
Container ship firm plans pledge to coincide with upcoming G7 summit in France.
China will impose additional tariffs on U.S. imports worth about $75 billion in response to a forthcoming fourth tranche of U.S. tariffs across about $262 billion worth of goods from China in annual import value, China’s State Council announced Aug. 23. Additional tariffs of 5% or 10% will be imposed in two batches on 5,078 […]
