Maritime

Chris Gillis Friday, September 6, 2019

FMC approves container availability recommendations

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 […]

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Brian Bradley Friday, September 6, 2019

In UK, Pence pushes for trade deal

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 […]

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Brian Bradley Thursday, September 5, 2019

Senator’s white paper suggests distributed ledger to stop trade-based money laundering

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 […]

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FreightWaves Staff Thursday, September 5, 2019

Record $148 million heroin bust made at UK port

Does container shipping have a drug problem? After a string of busts in the U.S. in recent months, attention has now switched to the U.K., where authorities have seized 1,279 kilograms of heroin with a street value of £130 million ($148 million). The drugs were found Aug. 30 by officers from Border Force and the […]

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