Contracts News


Hopes for U.S.-China Trade Truce Boost Markets

Jun 27, 2019

Risk appetite returned to world markets on Thursday following a media report the United States and China have tentatively agreed to a truce ahead of a highly-anticipated weekend meeting of the two nations' leaders in Tokyo.The South China Morning Post (SCMP)…

U.S. Wants 'Reasonable' Trade Deal with China

Jun 26, 2019

The United States 'is not looking for victory' with China over trade but wants 'a sensible deal that addresses the legitimate issues that we have,' U.S. Commerce Secretary Wilbur Ross said on Wednesday.'There are some inappropriate activities underway by the Chinese…

China, U.S. Trade Officials Talk Shead of Trump-Xi Meeting

Jun 25, 2019

Senior Chinese and U.S. trade officials spoke by telephone on Monday ahead of talks between Chinese President Xi Jinping and U.S. President Donald Trump set for later this week, as the world's two largest economies remain locked in a tariff war…

Storm Approaching: Firms Fear IMO's 2020 Rules

Jun 25, 2019

U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.The tougher regulations, set by the United Nations shipping agency…

Oceanwide Expeditions: another Ship on Order

Jun 21, 2019

Due to the success of our new Polar Class 6 ship, Hondius, Oceanwide Expeditions has ordered a sister ship built by the same manufacturer: M/v Janssonius is scheduled to be completed in October, 2021. She will have the same passenger capacity as Hondius (174)…

SMS Group expands into Shoreham Port

Jun 12, 2019

The SMS Group, a Southampton, UK-based ship repairers and marine engineering services provider, has partnered with the Shoreham Port Authority to provide dedicated alongside ship repair wharfage, and to increase awareness of its Adur dry dock facility…

Helikon Shipping, ShipMoney Strike Deal

Jun 10, 2019

ShipMoney extended its Maritime Payment Services Agreement with Helikon Shipping into a long-term multi-year relationship.Helikon has used ShipMoney to pay wages to crew members onboard under its agency for the last several years and they have…

DP World Mulls Port Deals Along Russia's Northern Route

Jun 07, 2019

DP World, one of the world's largest port operators, wants to run ports that Russia plans to build along the northern sea route in the Arctic to shorten shipping times between the east and west, its chief executive told Reuters.Russian President…

Maersk India Trade Report Q1 2019

Jun 06, 2019

India’s containerized exports with the world witnessed a stable growth of 6% in the first quarter of 2019 propelled by robust performances in refrigerated cargo, engineering and pharmaceuticals sectors, while imports declined slightly in the same quarter registering a market growth of -2…

Marine Interiors 2019: Designers on Board

Jun 06, 2019

Ship designers and architects are experts at merging design and safety on board cruise ships. The considerations that make the difference will be on top of the agenda of the Marine Interiors specialist panel discussions during the Seatrade Europe conference program…

Tillerson Applauds U.S. Trade Goals, Not Tactics

Jun 05, 2019

Rex Tillerson, the former U.S. secretary of state and Exxon Mobil Corp chairman who has clashed with President Donald Trump since leaving the administration, said on Wednesday he supports the president's trade objectives 'but may not support the tactical moves…

Vard to Build Another for Coral Expeditions

Jun 05, 2019

Fincantieri’s subsidiary Vard Holdings Limited (Vard), one of the major global designers and shipbuilders of specialized vessels, signed a contract with the Australian cruise operator Coral Expeditions for the design and construction of a second expedition cruise vessel…

China Urges Dialogue, Negotiations to Solve US Trade Row

Jun 04, 2019

China's commerce ministry on Tuesday urged dialogue and negotiation to solve trade differences with the United States.It is common to make revisions, suggestions and adjustments in trade negotiations, it said in a statement in response to U…

CONTAINER PORTS: Boxed in or Busting Out?

Jun 03, 2019

Benchmarking the Nation’s top container ports in 2018 and looking ahead to what comes next.The nation’s major ports finished 2018 and began 2019 setting monthly and yearly container volume records, but agitated trade activity in the White House…

First ANS Cargo in One Year on Way to China

May 30, 2019

One million barrels of Alaskan crude is due in China next week, the first such shipment in almost a year, according to data from Refinitiv Eikon and vessel-tracking firm Kpler.China's imports of U.S. crude have fallen amid the two countries' trade dispute to 41…

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