BIMCO, ICS, INTERCARGO and INTERTANKO call on charterers, bunker suppliers and nation states to “double their efforts” to ensure a smooth transition to low-sulfur fuel.
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.
Future attacks could be far worse than the $10 billion ‘NotPetya’ attack in 2017 that hobbled Maersk and cost FedEx $300 million.
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.
But a failure to secure a no-deal Brexit could scupper their plans to reshore manufacturing.
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 […]
Digitalization comes with its share of problems and it is vital for businesses to understand what the technology means before they go ahead and adopt it within their operations.
Healthy container throughput growth suggests they might be.
Roll-on, roll-off cargo vessel Golden Ray capsized early Sunday morning, Sept. 8, leaving the Port of Brunswick with 24 crewmembers aboard. Search continues for four missing members.
Halifax and the region hit with heavy winds as potent post-hurricane system leaves 300,000 without power and knocks down a construction crane.
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.
