American Shipper

OFAC takes aim at Venezuelan President Maduro and his political cohorts, but oil imports untouched

Shipping analyst Johnson Leung is behind Hong Kong-based tech startup 300cubits, which believes blockchain-backed cryptocurrency could finally change the eternal cycle of overbooking and no-shows in container shipping.

The House Energy and Commerce Committee has approved the Safely Ensuring Lives Future Deployment and Research in Vehicle Evolution Act (H.R. 3388), also known as the “SELF DRIVE Act.”

South Carolina Ports Authority has applied for federal approval and funding for a new marine highway to eliminate trucking congestion in the Charleston port area, according to local news source The Post and Courier.

The recent “Petya” cyber attack involving Danish shipping giant A.P. Moller-Maersk should serve as a stark reminder to all companies in the global shipping industry to reexamine existing systems protections and contingency plans.

A Miami-based arbitration board rejected a demand by Spanish-led Grupo Unidos por el Canal consortium for $192.8 million to cover cost overruns during the construction of a third set of locks for the 102-year-old waterway, Reuters reported.

U.S. Customs and Border Protection has appointed Bradley F. Hayes to the position of executive director of trade relations in the Office of the Commissioner.

The Baltic Exchange said it plans to close its freight derivatives platform Baltex on Dec. 29, following a recent announcement by LCH Clearnet that it would end its freight derivative clearing services by the end of the year.

For the six months ended June 30, Matson reported net income of $31 million, or $0.72 per diluted share, compared with $36.1 million, or $0.83 per diluted share, in the same 2016 period, according to the ocean carrier’s most recent financial statements.

The Norfolk, Va.-based Class I railroad will make changes to its demurrage, accessorial and switching tariffs with an effective date of December 1, 2017, according to NS Vice President Mike McClellan.

As Russia withholds natural gas supplies to the Ukraine, U.S. coal exporters step in

The independent containership owner’s net income for the quarter fell 54.7 percent year-over-year to $20.2 million, resulting from the effects of South Korean ocean carrier Hanjin filing for insolvency in the third quarter of last year.

The U.S. Federal Aviation Administration has proposed a $54,000 civil penalty against St. Louis-based Carboline Co. for allegedly violating federal hazardous materials transport regulations.

Net earnings attributable to Kirby Corp. fell 33.8 percent year-over-year during the quarter to $25.8 million, despite consolidated revenues rising 7.2 percent to $473.3 million, according to the tank barge operator’s most recent financial statements.

The Seattle-based e-commerce giant is holding its first “Jobs Day” on Wednesday because it says it has over 50,000 roles to fill across its U.S. fulfillment network.

New Orleans-based offshore vessel services company Tidewater estimates that its interest and operating lease expenses will be reduced by about $73 million annually under the reorganization.

The barge-based ‘Caribbean FLNG’ vessel is the world’s first barge-based floating LNG production unit, according to Exmar.

The international parcel shipping company has begun offering a specialized suite of supply chain services that covers inbound through final distribution for semiconductor shippers with capital shipments.

   The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.     The FMC received a non-vessel-operating common carrier/ocean freight forwarder license application from BGA Group International Freight Forwarders Corp., Miami (Carlos G. Medina-Luque, president).    The agency received NVO/ocean freight forwarder license applications from Area World Logistics, […]

   The U.S. Federal Maritime Commission has received nine ocean transportation intermediary license applications and changes for review.    The FMC received non-vessel-operating common carrier license applications from Oriental Cargo Forwarders, National City, Calif. (Alexander Y. Tiu, vice manager); and Shipping International, Oakland, Calif. (Mehdi Bolourchi, president).    The agency received NVO/ocean freight forwarder license applications […]