Homeland Security Secretary Kirstjen M. Nielsen announced the nomination by President Donald Trump of Vice Adm. Karl L. Schultz to be the 26th Commandant of the U.S. Coast Guard on Thursday. Vice Adm. Schultz, the commander of the Coast Guard's Atlantic Area…
Morgan Stanley's top executive said on Wednesday that potential tariffs on steel and aluminum that U.S. President Donald Trump is expected to sign later this week are a 'bad idea.' 'The biggest issues this country faces are not trade deficits…
As the Panama Canal prepares to welcome its 300th LNG vessel transit in March 2018, there will be two things of which I am certain. First, we’ve enjoyed considerable progress since the first LNG vessel entered our waterway and, second, the future of this burgeoning segment couldn’t be brighter…
The Government of India has got a budget allocation of INR 228 crore (USD 35.1 mln) for the development of Inland waterways transport, which also includes INR 126 crore (USD 19.4 mln) for North Eastern Region, for the year 2017-18. The…
Requirements for ships to collect data on their fuel oil consumption entered into force on 1 March. Other important amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) have also entered into force…
United Arab Emirates-based maritime conglomerate DP World has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route. As the biggest shareholder of the port of Berbera…
U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China…
U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China…
Dubai's state-owned DP World said on Thursday it had sold a 19 percent stake in Somaliland's Port of Berbera to the government of Ethiopia. The port operator said it would retain a 51 percent stake in the port and that Somaliland would retain 30 percent…
The U.S. Senate's second highest-ranking Republican on Tuesday expressed doubt that Congress will pass legislation to increase infrastructure spending this year, citing time constraints. Senator John Cornyn, a Texas Republican, told reporters: 'I think it will (be) challenging…
Palau International Ship Registry (PISR) has expanded its technology offering by linking with Pole Star to offer a comprehensive sanctions compliance and risk management service for its fleet vessels.Pole Star’s Purple TRAC is a comprehensive…
The Federal Government of Nigeria is set to automate all shipping related administrative processes in order to reduce subjectivity and corruption, thereby promoting transparency in the Nigerian maritime industry. This was the consensus reached…
The United Arab Emirates (UAE) condemned Djibouti’s cancellation of DP World’s contract to run the Doraleh Container Terminal, calling it an “arbitrary” flouting of a signed agreement, said a report in Bloomberg. Media reports yesterday…
The United States targeted North Korea in a new wave of sanctions on Friday directed at one person, 27 companies and 28 vessels, according to a statement on the U.S. Treasury Department's website. The Treasury's Office of Foreign Assets Control announced the new measures…
The DG Competition of European Commission (EC) announced that several companies including MOL breached European competition law with respect to car carrier services. Mitsui O.S.K. Lines (MOL) and other shipping companies have been investigated…