Indian government has green-lighted a mega container port, to be constructed at a cost of INR655.45bn ($9.2bn) at Vadhavan, around 160 km north-west of Mumbai.The proposal to create the huge port – on a ‘landlord model’ – was cleared at a Union…
The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment…
The economic impact of China's coronavirus lockdown is being felt across the globe, with exporters, miners and manufacturers of everything from coal and timber to meat and fruit facing delays and potential shipment cancellations.As the most…
U.S. Transportation Secretary Elaine L. Chao has announced the U.S. Merchant Marine Academy’s (USMMA) new 16 member Board of Visitors will convene for the first time at Kings Point on Monday, February 3 at 9:00 a.m. (click here for additional information)…
The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure in trade talks with Washington…
(This is excerpted from Maritime Reporter & Engineering News' January 2020 'The Path to Zero' column.)Are the world’s ships’ engines ready for IMO compliant very low sulfur fuel? That’s a wide open question as ship owners step to the end of the preparatory gang-plank on January 1…
A consortium of three companies has been awarded a contract for a $176 million project to build Egypt's first dry port, the first of eight ports the government plans to set up, the transportation minister said on Wednesday.The companies are…
Indian Government approved a model pact with foreign countries that would also allow unilateral recognition of seafarers' competency certificates, thus easing the process for them to seek employment on ships under the flag of that country.The…
U.S. President Donald Trump said on Tuesday that he was going to discuss a trade deal with the European Union (EU) in a meeting with European Commission President Ursula von der Leyen.Speaking ahead of a meeting with von der Leyen on the sidelines…
Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview.'Is it really a good idea that we don't allow the creation of a European global champion…
China has approved a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to boost output, though Beijing may initially limit shipments to focus on growing its coastal marine fuel market, state refiner officials say…
A London arbitration court has ordered Djibouti to restore DP World's right to operate the Doraleh Container Terminal as detailed under a 2006 concession deal within two months or pay damages, the state news agency WAM reported on Tuesday.The…
Mohammad Rastad, Iran's Deputy Minister of Roads and Urban Development said that foreign trade ships that transport goods to Iran can be confident that there will be no problem for their movement and there is no obstacle for their arrival in the country…
Georgia has ended an investment agreement with an international consortium for one of the biggest projects in the former Soviet country, the construction of a major deep sea port on the Black Sea coast, its infrastructure minister said on Thursday…
With the January 1 implementation of IMO 2020, which requires dramatic reductions in the sulfur content of emissions from ocean-going vessels, the United States government issued a new rule that it asserts actually facilitates the distribution of compliant fuel…