Government Update News


Russia to Restrict US Imports in Response to Tariffs

Mar 23, 2018

Russia's Ministry of Trade and Industry said on Friday it was preparing to impose restrictions on U.S. imports in response to U.S. tariffs on steel and aluminium, the Interfax news agency reported.  (Reporting by Polina Ivanova Writing by Gabrielle Tétrault-Farber Editing by Andrew Osborn)

Trump Tariffs: EU Seeks Permanent Exemption

Mar 23, 2018

European Union leaders called on Friday for a temporary exemption from U.S. import duties on steel and aluminium to be made permanent, saying they reserved the right to respond in an 'in a proportionate manner' to protect the bloc's interests…

China Considering New Tariffs on 128 US Products

Mar 23, 2018

China's commerce ministry said on Friday that it may impose additional tariffs on up to $3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminum products.The ministry said it was considering implementing measures in two stages: first…

As Trade Tensions Mount, China Soybean Buyers Devise Contingency Plans

Mar 23, 2018

Chinese buyers of soybeans, the United States' biggest agricultural export to the country, are quietly drawing up contingency plans to ensure supplies of critical raw materials in the event of a trade war, sources said. The moves are the…

Greece Concludes Sale of 67% Stake in Thessaloniki Port

Mar 23, 2018

Greece concluded the sale of 67 percent stake in Thessaloniki port, the country's second-largest, to a German-led consortium, its privatisations agency (HRADF) said on Friday.Deutsche Invest and its partners, France's Terminal Link SAS and Cyprus-based Belterra Investments…

US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat

Mar 22, 2018

The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG…

Trade Wars Clearly Bad for Global Shipping - BIMCO

Mar 22, 2018

On March 1, 2018, President Trump pushed through a metals tariff plan that puts 25 percent tariff on imports of steel and a 10 percent tariff on imports of aluminium. They are set to enter into force on March 23, 2018.The Trump administration…

DP World, Tata Group Mull Cooperation Opportunities

Mar 21, 2018

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior  executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations…

DP World to Build, Manage Congolese Deepwater Port

Mar 21, 2018

Dubai ports operator DP World will build and manage a new deepwater port on Democratic Republic of Congo's Atlantic coast, the Central African country's transportation minister said on Wednesday. Jose Makila told reporters that DP World…

Post Hurricane Maria, Crowley to assist Puerto Rico's Recovery

Mar 21, 2018

It’s been called the most logistically challenging relief effort the United States has ever managed. When nearly Category 5 Hurricane Maria struck Puerto Rico, it left a wake of destruction that residents and emergency responders are still reckoning with…

British Ports Association Calls for ‘Frictionless’ Brexit

Mar 20, 2018

The British Ports Association has published a new strategic report - ‘A Brexit Dividend’, which calls on the UK Government to deliver on the Prime Minister’s pledge of ‘frictionless’ trade after Brexit. Following Monday's (March 19) agreement…

Proposed NATO Logistics Command Will Be Based in Ulm

Mar 20, 2018

A proposed new NATO logistics command aimed at deterring Russia would be based in the southern German city of Ulm, the German Defence Ministry told lawmakers on Tuesday. It said a broad plan for the new Joint Support and Enabling Command (JSEC) would be completed by mid-April…

Forth Ports Secures Scotland's First AEO Accreditation

Mar 20, 2018

Forth Ports, one of the UK’s largest port groups, has been awarded an internationally recognized quality mark – the Authorized Economic Operator (AEO) - issued by Her Majesty’s Revenue and Customs (HMRC) – for its major ports on the River Forth…

Trump Proposes Boost to Maritime Infrastructure Investment

Mar 19, 2018

On February 12, President Trump released his highly anticipated infrastructure proposal, a “Legislative Outline for Rebuilding Infrastructure in America.” Unlike prior federal infrastructure development strategies, which rarely discussed the need for maritime infrastructure investment…

New Members Join NOAA’s Hydrographic Services Advisory Panel

Mar 16, 2018

NOAA acting administrator retired Navy Rear Adm. Tim Gallaudet, Ph.D., has appointed three new members to the Hydrographic Services Review Panel, a federal advisory committee that gives NOAA independent advice for improving a range of services…

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