Government Update News


Egypt Bans Qatari Ships Docking in Suez Canal

Jul 09, 2017

The Suez Canal Authority is committed to a ban on allowing Qatari ships to dock in ports within the Suez Canal’s economic zone, Ahram reported as chairman Mohab Mamish saying. In press statements on Friday, Mamish said that Egyptian ban…

Greece, Bulgaria to Create Multimodal Corridor Between Ports

Jul 09, 2017

Bulgaria and Greece agreed to expand Multimodal Freight Corridor Between Black Sea, Aegen Sea and Dunabe. Bulgarian Minister of Transport, Information Technology and Communications Ivaylo Moskovski and Greek Minister for Infrastructure…

Australia Cuts Resources Export Revenue Forecast on Iron Ore Outlook

Jul 06, 2017

Australia has revised down the value of its resources and energy export earnings in the year to end-June 2017 by 4.6 percent, or nearly A$10 billion ($7.6 billion), due largely to falling prices for iron ore, its most valuable export.The…

US Trade Deficit Narrows as Exports Hit Two-year High

Jul 06, 2017

The U.S. trade deficit fell in May as exports increased to their highest level in just over two years, but trade could still weigh on economic growth in the second quarter. The Commerce Department said on Thursday the trade gap decreased 2…

Cyprus Chamber of Shipping Welcomes New Legislation

Jul 02, 2017

The Cyprus Chamber of Shipping has hailed the unanimous decision by MPs to forward for a vote the legislation that will define three new branches of the executive – shipping, tourism and development, reports Financial Mirror. The report…

US Sanctions Chinese Shipping Firm over North Korea Ties

Jun 29, 2017

The U.S. Treasury Department said on Thursday it was placing financial sanctions on two Chinese nationals and a Chinese shipping company over their ties to North Korea stemming from its nuclear program. The department said in a statement…

LNG Marine Fuel Institute Launched in Canberra

Jun 29, 2017

Port Hedland Mayor, Camilo Blanco, and the Town of Port Hedland’s CEO, David Pentz, attended the launch of the LNG Marine Fuel Institute at Parliament House, Canberra on Wednesday, June 21. The Institute, which was opened by The Honorable Josh Frydenberg MP…

India to Boost Cruise Tourism

Jun 27, 2017

Indian Minister of Shipping Nitin Gadkari  has said that Cruise Tourism is one of the fastest growing components of the leisure industry worldwide, and  can be a major growth driver for the Indian economy by generating huge employment opportunities…

Merkel Sounds Conciliatory Tone on Trade before G20 Summit

Jun 27, 2017

German Chancellor Angela Merkel said on Tuesday that global trade was not a zero-sum game and that she would seek to establish a rules-based commerce system that benefits all, striking a compromising tone before a G20 summit next week. Merkel…

GE Boosts Power in Santos Port Upgrade

Jun 27, 2017

GE Energy Connections (NYSE: GE) has recently delivered the full turnkey project to VLI for engineering, supply and commissioning of the port terminal Luiz Antonio Mesquita Integrator Port Terminal (Tiplam) at the port of Santos, located in the city of Santos…

Shipping Firms Pay $1.9 Mln for Pollution Cover-up

Jun 22, 2017

Two shipping companies based in Egypt and Singapore will pay $1.9 million in penalties after pleading guilty in federal court to violating the Act to Prevent Pollution from Ships (APPS) and obstruction of justice for covering up the illegal…

US Trade Rep Says No Deadline Set for NAFTA Deal

Jun 21, 2017

U.S. Trade Representative Robert Lighthizer said on Wednesday there was no deadline for completing NAFTA trade talks between the United States, Canada and Mexico even as lawmakers warned that U.S. business would be hurt by prolonged negotiations…

DMA Ship Station License Goes Digital

Jun 19, 2017

The Danish Maritime Authority (DMA) continues its work digitalising Blue Denmark in order to utilise the technological solutions available for the benefit of Blue Denmark. Now, the Ship Station License has become digital – just like the other ship certificates…

India to Sensitize Maritime Fraternity to New Tax Regime

Jun 19, 2017

The Ministry of Shipping in India conducted a workshop on “GST for Shipping” in New Delhi today to sensitize all constituents of the maritime fraternity, as the country lauches the new Goods and Services Tax (GST) to revolutionize the country's tax system…

Greece Picks German-led Consortium for Thessaloniki Port Sale

Jun 19, 2017

Greece named a consortium led by Deutsche Invest Equity Partners as the winner of a majority stake in Thessaloniki Port, the country's second biggest, its privatisation agency (HRADF) said on Monday. Deutsche Invest has teamed up with France's…

Current News

LNG Supply Disruptions Drive Surge in Coal Shipments, BIMCO Finds

Sara Fuentes Named as President of Transportation Institute

U.S. Coast Guard Counters Maritime Threats With New Special Missions Command

UAE Ports Become Country's Lifeline as Gulf Trade Remains Fragile

Subscribe for Maritime Logistics Professional E‑News