Pursuant to direction from FMC Chairman Michael Khouri, the Federal Maritime Commission has issued letters to the three global carrier alliances (2M, THE, and OCEAN) requiring that certain carrier-specific trade data currently filed with the Commission quarterly…
Greece on Friday received nine non-binding bids for a 67% stake in Igoumenitsa port, its privatization agency said on Friday.Bids were submitted by Aegean Oil, Attica Holdings and a consortium of Archirodon Group and ANEK & Trident Hellas Group…
The U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded Ports of Indiana $4 million to make bulk cargo supply chain improvements by converting a vacant gravel yard into a multimodal storage facility at Burns Harbor…
The U.S. Department of Transportation’s Maritime Administration (MARAD) said Tuesday it is accepting applications from eligible and qualified institutions to apply for a Centers of Excellence (CoE) designation, which will recognize and support…
More than $220 million in discretionary grant funding has been awarded to improve U.S. port facilities in 16 states and territories through the Maritime Administration’s (MARAD) Port Infrastructure Development Program, U.S. Department of Transportation Secretary Elaine L…
Since early Spring 2020, American consumers have received a practical education in supply chain operations. One lesson is that it takes more than simply going online and clicking a “Buy Now” button for goods to show-up on our front porches.…
The U.S. House of Representatives has passed the Expanding Access to Sustainable Energy Act of 2019, which enforces Jones Act requirements for all offshore renewable energy production. However, the bill's current language has the potential to create a loophole that would leave the U…
The Scottish Maritime Museum has successfully bid for an 80-year-old bottle of whisky salvaged from one of Scotland’s most famous shipwrecks and the inspiration for the Ealing Studio comedy Whisky Galore!The unlabelled bottle of blended whisky from the 1923 SS Politician…
The cruise industry has certainly been among businesses hardest hit by the economic impacts of COVID-19. But the industry-rocking fallout extends well beyond the cruise lines themselves, extending through cities throughout Florida where canceled…
In 2007, scholar Nassim Nicholas Taleb, who holds a doctorate from the University of Paris, wrote a bestselling book titled “Black Swan,” which proposed a theory involving unpredictable events with significant impact. Taleb believed that a black swan event was an outlier with significant impact and…
Earlier this year, The U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard issued a new advisory to provide those engaged or involved in trade in the maritime industry…
The port of Senegal's capital Dakar on Thursday said it had requested the removal of around 2,700 tonnes of highly explosive ammonium nitrate stored in its complex—the same volume of the chemical that caused Beirut's devastating port blast this month…
The U.S. Federal Bureau of Investigation on Friday confirmed that it will assist authorities in Lebanon investigating the cause of the explosion that devastated Beirut and killed 172 people.'At the request of the Government of Lebanon, the FBI…
A Nigerian court made the first convictions under a new anti-piracy law, giving hope to the world's shipping fleets that legal reforms will help stem rising attacks in the Gulf of Guinea.The three men fined by the court in Port Harcourt, Nigeria's oil hub…
Cargoes have come off ships at sea it seems like forever. Some years ago a ship suffered a casualty transiting the English Channel in a storm. Much of its cargo of lumber and other floating items washed ashore on the southwest English coast…