The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part I: the impacts on non-tanker shipping segments.
Executive director and governor report volume records and expansion opportunities.
The AgTC asked the U.S. Federal Maritime Commission to extend the comment deadline to Oct. 31, calling the rule “the most relevant and far-reaching initiative taken by the FMC in many years.”
The Express Association of America said additional industry participants in Customs and Border Protection’s Section 321 pilot will “enhance” the agency’s capability to target illicit products.
Founder and CEO of Farmbox Direct works to eradicate food deserts by shipping fresh fruits and vegetables to consumers.
DB Schenker’s head of Americas says uncertainty arising from events such as the U.S.-China tariff war means shippers will increasingly need to source from multiple countries and adjust inventory.
Data confirms that U.S. importers are increasingly opting to bring Asian cargoes into East Coast ports.
The Port of Brunswick reopens to restricted traffic as the investigation into the capsizing of the car carrier continues.
The Justice Department has asked the express carrier’s lawsuit to be dismissed, stating that it should be up to Congress and not the court to decide if the Export Administration Regulations apply.
The Federal Maritime Commission welcomes container shipping industry’s comments on recommendations to bring clarity and fairness to the assessment of demurrage and detention fees.
The primary cause of the deteriorating outlook for the next 12 to 18 months is trade policy.
Port of Los Angeles says it would take seven Vietnams to make up for the loss of business from China trade war.
The International Energy Agency now believes implementation of the new fuel rule could be “much smoother than expected.”
Georgia Ports Authority touts record volumes and expansion projects during State of the Port event.
The NCBFAA proposes amending the U.S Bankruptcy Code to allow “subrogation” rights for customs brokers who have paid duties to the U.S. government on behalf of a bankrupt importer.
The announcement comes after Beijing announced its first round of tariff exemptions for U.S. goods earlier in the day.
U.K.-based technology firm sees 2019 as pivotal year for logistics-focused technology.
Two ships trapped in the Port of Brunswick since September 8 when the vehicle carrier Golden Ray capsized, have been allowed to leave, a prelude to a possible reopening of the port.
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.
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.
Export compliance experts find little new in the Bureau of Industry and Security’s FAQs answers related to the Chinese telecom’s placement on the Entity List and temporary general license.
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 […]
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 […]
Customs and Border Protection (CBP) officers arrested a 24-year-old woman on Sept. 2 at the Port of Lukeville, AZ, for attempting to smuggle 53 pounds of methamphetamine from Mexico to the U.S., CBP announced Sept. 3. The drugs have a street value of almost $48,000, the agency said. Officers referred the Mexican national for secondary […]
Companies like Safe Bulkers are booking their ships at considerably higher rates, yet investor interest remains muted.
Resit Tavan, owner of Istanbul-based Ramor Dis Ticaret Ltd., will spend 27 months in jail for conspiring to export U.S. marine equipment to Iran.
