Government Update News


WSC Proposes Green Balance Mechanism

Feb 15, 2024

As the IMO prepares for negotiations on regulations to support net-zero by 2050 at MEPC 81 in March, the World Shipping Council (WSC) has proposed a greenhouse gas pricing mechanism it calls the Green Balance Mechanism.The aim is to provide…

Coast Guard R&D Center Receives Auxiliary Integration Award

Feb 13, 2024

The Coast Guard Research and Development Center (RDC), under the command of Capt. Michael Chien, has won the Commodore Viggo C. Bertelsen Jr. and Vice Admiral John P. Currier Auxiliary Integration Award in the category of Applied Innovation…

FMC Mulls Investigation into Suez and Panama Canal Impacts

Feb 11, 2024

The US Federal Maritime Commission (FMC) held an informal public hearing examining impacts from attacks on merchant shipping in the Red Sea and Gulf of Aden on February 7.Opening the hearing, Commissioner Carl Bentzel, voiced concern about safe access through both the Suez and Panama Canals…

Denmark Primed to Become European CO2 Hub

Feb 07, 2024

With its new CCS-strategy, the European Commission has outlined a common direction for the capture, utilization, and storage of CO2 in the EU. The strategy highlights Denmark as a pioneer in the field, and Danish Shipping predicts that Denmark could play a central role…

Concern Raised that Australian Sheep Will be Re-Exported

Feb 06, 2024

The Australian government refused a request by an Israeli livestock exporter to send a ship carrying around 14,000 sheep and hundreds of cattle on a month-long voyage around Africa to Israel earlier this week, but it left the way open for other options…

European Shipowners Welcome EU Climate Target Proposal

Feb 06, 2024

The European Commission has published its proposal for a 2040 climate target: greenhouse gas emissions must be reduced by 90% by 2040 at the latest, receiving positive feedback from European shipowners.The shipowners welcome the strong commitment…

New Mechanism Planned for Ukraine Black Sea Grain Exports

Feb 04, 2024

Turkish President Tayyip Erdogan will discuss a new mechanism to allow Ukrainian grain exports through the Black Sea with his Russian counterpart Vladimir Putin during his upcoming visit to Turkey, Foreign Minister Hakan Fidan said on Sunday…

No New Import Bans in Next EU Russia Sanctions Package

Feb 04, 2024

The European Commission will not add any new import bans in its next package of sanctions on Russia, EU diplomats said, as a 13th package proposal takes its final shape.The Commission and European Union member states want to quickly pass a new…

Congressmen Urge FMC to Finalize OSRA Provisions

Jan 26, 2024

Two U.S. Congressmen are urging the Federal Maritime Commission (FMC) to finalize the rule on demurrage and detention billing requirements required in their Ocean Shipping Reform Act that became law in 2022.The Ocean Shipping Reform Act was signed into law on June 16…

Australia Recalls Livestock Carrier Destined for Middle East

Jan 21, 2024

The Australian Government has recalled the livestock carrier Bahijah after it diverted from the Red Sea over a week into its voyage to the Middle East.The Bahijah loaded cattle and sheep in Fremantle, Western Australia, and departed for the Middle East on January 5…

EU Report Recognizes Need for Port Investment Stability

Jan 17, 2024

The European Parliament has officially adopted the Berendsen report, an own-initiative report on “building a comprehensive European Port Strategy” (585 in favor, 21 against, 26 abstentions).The European Sea Ports Organisation (ESPO) welcomed…

2023 a Record Setting Year for Singapore

Jan 14, 2024

Chee Hong Tat, Singapore’s Acting Minister for Transport, announced a record year in 2023 at a Singapore Maritime Foundation New Year Conversations event.The annual vessel arrival tonnage in the Port of Singapore crossed three billion gross tonnage (GT) for the first time…

Shipping Attacks Push US and Allies to Mideast Crunch Point

Jan 11, 2024

When the United States and 11 allies published a joint statement last week calling for an end to Houthi attacks from Yemen on Red Sea shipping, they hoped the implicit threat of force might at least reduce the intensity of fire on foreign vessels…

Israel Working to Clarify COSCO's Position on Shipping to Israel

Jan 09, 2024

Israel's Transport Ministry on Tuesday said it was seeking to clarify Chinese shipper COSCO's reported decision to halt shipping to Israel.Israeli media this week reported that COSCO had suspended shipping to Israel. The company has declined to comment…

Ethiopia Signs Pact to Use Somaliland's Red Sea Port

Jan 02, 2024

Landlocked Ethiopia signed an initial agreement with Somalia's breakaway region of Somaliland on Monday to use its Red Sea port of Berbera, Prime Minister Abiy Ahmed's office said.The Horn of Africa country currently relies on neighbouring Djibouti for most of its maritime trade…

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