Government Update News


MSCI Advisory: Regional Conflict and Piracy

Jul 01, 2019

2019-007-Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, and Indian Ocean-Violence Due to Regional Conflict and PiracyDescription:This revised advisory cancels U.S. Maritime Advisory 2018-0151. References: (a) U.S. Maritime Alerts 2018-001A…

Singapore Suspends Inter-Pacific Petroleum's Bunker License

Jun 28, 2019

Singapore's Maritime Port Authority (MPA) has suspended the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd, the MPA said in a statement on Thursday.The MPA suspended the license, which allows Inter-Pacific to operate tankers used to load marine fuel…

Hopes for U.S.-China Trade Truce Boost Markets

Jun 27, 2019

Risk appetite returned to world markets on Thursday following a media report the United States and China have tentatively agreed to a truce ahead of a highly-anticipated weekend meeting of the two nations' leaders in Tokyo.The South China Morning Post (SCMP)…

Water Outflow on Seaway Now Above 10,400 CMS

Jun 26, 2019

The Chamber of Marine Commerce supports the International Lake Ontario-St. Lawrence River Board’s decision Friday to continue flow rates from the Moses-Saunders dam at 10,400 cubic meters per second (CMS).Maintaining the 10,400 CMS outflow still results in a significant cost to the economy…

U.S. Wants 'Reasonable' Trade Deal with China

Jun 26, 2019

The United States 'is not looking for victory' with China over trade but wants 'a sensible deal that addresses the legitimate issues that we have,' U.S. Commerce Secretary Wilbur Ross said on Wednesday.'There are some inappropriate activities underway by the Chinese…

Chao to Receive AOTOS Award

Jun 25, 2019

The United Seamen’s Service  announced that U.S. Secretary of Transportation, The Honorable Elaine L. Chao, will receive the 2019 Admiral of the Ocean Sea Award based on her career-long commitment to the maritime industry. The other, previously announced recipients are James Given…

Storm Approaching: Firms Fear IMO's 2020 Rules

Jun 25, 2019

U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.The tougher regulations, set by the United Nations shipping agency…

New Iranian Sanctions Target Leadership

Jun 25, 2019

Yesterday U.S. President Donald J. Trump issued an executive order enhancing economic sanctions on Iran, targeting the country's leadership. The executive order, in its entirety, follows:By the authority vested in me as President by the Constitution and the laws of the United States of America…

17.5 Tons of Cocaine found on Containership

Jun 24, 2019

A U.S. Customs and Border Protection (CBP) and Immigration and Customs Enforcement Homeland Security Investigations (HSI)-led multi-agency examination of shipping containers at the Philadelphia seaport netted a historic load of cocaine, the largest cocaine seizure in the 230-year history of U…

Trump Warns Tehran of Possible Attack, Calls for Talks

Jun 21, 2019

Iranian officials told Reuters on Friday that Tehran had received a message from U.S. President Donald Trump warning that a U.S. attack on Iran was imminent but saying he was against war and wanted talks on a range of issues.News of the message…

Resolve Receives USCG AMVER Award

Jun 21, 2019

Resolve Marine Group was awarded the prestigious AMVER (Automated Mutual Assistance Vessel Rescue System) Award for work done by privately funded Emergency Response Salvage Tug the Resolve Pioneer.It was presented to Resolve by the United States Coast Guard Commandant…

Concern Over Trade Wars Impacts Shipping Confidence

Jun 18, 2019

Confidence in the shipping industry has fallen marginally over the past three months, largely as a result of ongoing concern over trade wars and increased regulation, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO…

Saudis Urge Global Effort to Safeguard Local Navigation

Jun 18, 2019

Saudi Arabia's cabinet urged the international community on Tuesday to take firm measures to ensure the safety of navigation in waterways across the region, the state news agency said, a week after two tankers were attacked in the Gulf of Oman.Reporting by Asma Alsharif

Iran: If Strait of Hormuz to be Blocked, it will do it "publicly"

Jun 17, 2019

Iran's military denied on Monday being behind attacks on oil tankers in the Gulf of Oman last week, and said if it decided to block Strait of Hormuz, a vital gateway in the Gulf for the oil industry, it will do it publicly.Iran’s Armed Forces Chief of Staff…

Cyber Risk Management: What Maritime Professionals Need to Know Now

Jun 13, 2019

The IMO January 2021 deadline for shipping interests to incorporate cyber risk management into their existing Safety Management Systems is fast approaching. It is critical that stakeholders understand their vulnerabilities. The IMO has issued MSC-FAL…

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