Government Update News


London P&I Club Setting up Cyprus Office over Brexit

Jul 20, 2018

British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reuters on Friday.Britain dominates the global…

DP World, China Signs Agreement to Boost International Trade

Jul 19, 2018

An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between the global trade enabler and the Zhejiang China Commodities City Group…

Massive Outreach by Inland Waterways Authority of India along Ganga

Jul 19, 2018

The Inland Waterways Authority of India (IWAI)  has set out on a massive public outreach initiative along river Ganga on National Waterway-1 to help push rural economy to connect with waterways.As part of a month long dialogue series extending from Varanasi to Haldia…

Great Lakes Shipping Supports 237,000 Plus Jobs

Jul 19, 2018

The new study by the Department of Transportation Great Lakes - Saint Lawrence Seaway says that shipping  supports more than 237,000 jobs and billions in economic activity.A year-long study of the economic impacts of the entire Great Lakes-St…

India Rolls-out SOPs for Cruise and Ferry Services

Jul 19, 2018

The Government of India has formulated new guidelines in the form of Standard Operating Procedures (SOPs) to handle cruise vessels and cruise passengers in November, 2017.The salient features of these SOPs inter alia includes submission of documents/data electronically…

New Rule Creates Flexibilities for NVOCC Agreements

Jul 19, 2018

A Final Rule published today by the U.S. Federal Maritime Commission (FMC) offering deregulatory flexibilities for non-vessel-operating common carrier (NVOCC) negotiated rate arrangements (NRAs) and NVOCC service arrangements (NSAs) will go into force on August 22…

European Shipowners Welcomes EPA

Jul 18, 2018

The European Union (EU) and Japan signed the EU-Japan Economic Partnership Agreement during the 25th EU-Japan summit in Tokyo. The European Shipowners welcome the signing of a highly ambitious trade agreement between two of the world's largest economies…

The Jones Act is Good for Puerto Rico -Report

Jul 18, 2018

After Hurricane Maria struck Puerto Rico with devastating force on September 20, 2017, a number of news reports claimed that the Jones Act had severely damaged the Puerto Rican economy, both over time and in the immediate aftermath of the storm…

EU to Curb Steel Imports after Trump Tariffs

Jul 18, 2018

The European Union will launch measures on Thursday designed to prevent a surge of steel imports into the bloc following the U.S. imposition of tariffs on incoming steel and aluminium, the EU's official journal said.The European Commission has…

Dubai Maritime City Authority to Develop UAE’s Maritime Sector

Jul 17, 2018

The Department of Transport in Abu Dhabi signed a Memorandum of Cooperation (MoC) with the Dubai Maritime City Authority (DMCA) with an aim to promote the development, consolidation and regulation of the maritime sector based on competitiveness…

As Trade War Escalates, China's Steel Exports are Rising

Jul 17, 2018

The European Commission will this week unveil its proposed provisional 'safeguard' measures to limit steel imports in response to the imposition of 25 percent tariffs on steel imports by the United States.The European Union fears that the U…

Euro Zone Trade in Goods Surplus Shrinks as Exports Drop

Jul 16, 2018

Euro zone's surplus for goods traded with the rest of the world dropped in May as exports fell and imports increased, one month before United States' tariffs on European steel and aluminium kicked in, official data showed on Monday.The European Union's statistics office…

Eight Migrants Found Dead in a Shipping Container

Jul 16, 2018

Eight migrants including six children were found dead on Monday after suffocating from petrol fumes while packed into a lorry container on the west Libyan coast, authorities said.Another 90 migrants recovered from the container were in critical…

Chinese Imports to US Ports Peaking Early

Jul 13, 2018

Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.Retailers such as Walmart Inc and Amazon…

Jamaica Passes Bill to Manage Ballast Water Carried By Ships

Jul 12, 2018

The House of Representatives passed the Ballast Water Management Bill, which is aimed at protecting Jamaica’s marine environment, said Jamaica Information Service, a government agency. The legislation seeks to implement measures to prevent…

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APM Terminals to Accelerate Port Development in Andhra Pradesh

DOE Grants Lake Charles LNG Additional Time to Commence Exports

Baltic Index Rises, Sees Gains Across All Vessel Sizes

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