Government Update News


US Sorghum Reaches Spain as Traders Divert More Ships from China

May 11, 2018

A rare cargo of U.S. sorghum has arrived in Spain and will be followed by several more, shipping data showed, a sign that Spain's livestock industry is set to become one of the new homes for U.S. sorghum hit by Chinese anti-dumping tariffs.Exporters…

Australia Wants to Recycle Trash from Ships

May 10, 2018

The Port of Hay Point in Queensland, Australia has kicked off a pilot program to investigate the feasibility of recycling garbage from international ships.Currently, ships' crews separate recyclable garbage on board, but have limited opportunity…

US Retail Imports Growing Despite Tariffs Threat

May 10, 2018

It's expected that imports at the United States’ major retail container ports will grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, according to the monthly Global Port Tracker report released today…

Gorgon LNG Faces Scrutiny on Delayed Carbon Capture Project

May 10, 2018

The state of Western Australia has ordered an inquiry into a delay in burying carbon dioxide emissions at Chevron Corp's Gorgon liquefied natural gas (LNG) project, which could lead to a change in conditions on the project.The state approved…

Croatia Acts to Cut Red Tape for FSRU Terminal Project

May 10, 2018

The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating terminal is expected to start operations in 2020.The European…

Indian Ports Register 1.78% Growth in April

May 09, 2018

The major Indian ports collectively recorded a growth of 1.78 per cent during April, handling 56.81 million tonnes of cargo, said the Shipping Ministry. 'The major ports in India have recorded a growth of 1.78% and together handled 56.81…

Buyers Seek US Waivers to Buy Iranian Oil amid New Sanctions

May 09, 2018

South Korea said on Wednesday it would seek U.S. exemptions to buy Iranian oil, a path many big oil consumers are likely to follow in the wake of new U.S. sanctions on Tehran, which will tighten world oil markets and push up prices.Iran is the…

Tightening Noose: Venezuela's Crisis Deepens

May 08, 2018

The news that Venezuela's PDVSA has diverted a crude tanker from Curacao after ConocoPhillips moves to satisfy a $2 billion arbitration award signals that worst may be yet to come. Reuters is reporting that Venezuela's state-run PDVSA ordered…

Trade War All About the Eastbound Transpacific -BIMCO

May 08, 2018

When two of the world’s top trading partners get entangled in a stand-off, where the outbreak of a trade war could become the extended tool of intense negotiations, BIMCO says we’d better prepare for what may come while hoping that it will never take place…

New York Ports' Top Cop Retires Amid Probe of Limbaugh Escort

May 08, 2018

The head of the police force for New York's airports and bridges authority retired on Monday amid reports that a police escort for conservative radio host Rush Limbaugh had triggered an internal investigation.Michael Fedorko, who had been superintendent of the 1…

Iran Prepares to Export New Oil Grade amid Sanctions Threat

May 08, 2018

Iran is readying the first commercial exports of its West Karoun crude oil grade for May or June, two sources familiar with the matter said, even as fresh economic sanctions against the country loom.Iran has already been shipping samples of…

China'a April Exports Stronger than Expected

May 08, 2018

China's exports rebounded more strongly than expected in April after a surprise drop the previous month, suggesting global demand remains relatively resilient and providing a cushion to the economy amid a heated trade dispute with the United States…

Could US Sanctions Hit Iranian Crude Exports?

May 08, 2018

Oil prices are at more than three-year highs, driven by an expectation that renewed U.S. sanctions on Tehran over the country's nuclear program will disrupt Iranian crude flows.But without the Europe Union, or Iran's other big crude customers…

US, China Trade Talks to Continue in Washington Next Week

May 07, 2018

China's top economic official will visit Washington next week to continue trade talks with Trump administration officials, the White House said on Monday, after two days of talks in Beijing last week failed to produce a breakthrough.'We are…

Danish Fleet Surpasses 20 million GT

May 07, 2018

The total gross tonnage of the Danish ship registry recently surpassed 20 million GT for the first time in history.Denmark, which has been steadily climbing the ranks as a shipping nation, is currently the world's 12th largest register.The fleet…

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