Government Update News


China Jan Soybean Imports from U.S. Double vs Dec

Feb 25, 2019

China's imports of U.S. soybeans nearly doubled in January from the previous month as cargoes booked after a Sino-U.S. trade truce arrived in the world's top oilseed importer, according to Chinese customs data published late on Monday.China brought in 135…

Brent Hits 2019 High on U.S.-China trade Hopes

Feb 22, 2019

U.S. crude stocks rise to 454.5 mln barrels as crude exports from U.S. hit record 3.6 mln bpd.Oil prices rose on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.International Brent crude futures hit a new 2019 high of $67…

India: Locally Built Ships Priority in Chartering

Feb 19, 2019

The government of India has revised guidelines for chartering of ships by providing the right-of-first-refusal (RoFR) to ships built within the country, a move to promote the Make in India initiative and incentivise shipbuilding activity.Henceforth…

Vens Close Maritime Border with Dutch Antilles

Feb 19, 2019

Venezuelan authorities have closed the maritime border with the Dutch Antilles, a regional navy chief told Reuters on Tuesday, preventing boats and aircraft from arriving from the islands of Aruba, Curacao and Bonaire.Vice Admiral Quintero Martinez did not give a reason for the closure…

New Round of U.S.-China Trade Talks Kicks Off Today

Feb 19, 2019

A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said on Monday.The talks follow a round…

Indian Seafarers Employment Soared 35% in 2018

Feb 15, 2019

The number of Indian seafarers employed on Indian or foreign flag vessels increased by 35 per cent in 2018 on the back of a series of measures taken in the last four years, said the shipping ministry. 'The shipping sector has witnessed an unprecedented…

WCI Honors Senator Duckworth

Feb 15, 2019

On February 12, 2019, Senator Tammy Duckworth (D-IL) received Waterways Council, Inc.'s (WCI) 18th Annual Leadership Service Award for her continual championing of ports and inland waterways. She was presented the award by Wade Beasley, Business Representative…

Mnuchin: China Talks "So far, so good"

Feb 13, 2019

U.S. Treasury Secretary Steven Mnuchin said talks with China went well on Wednesday, as the world's two largest economies try to iron out an agreement to resolve their trade dispute.'So far, so good,' he said when asked by reporters on how the meetings in Beijing went…

Hapag Lloyd CEO: Trade Spats Could Dampen Shipping Growth

Feb 13, 2019

An escalation of tariff wars between China and the United States could dampen growth in international container shipping as operators pre-emptively brought forward business in the second half of last year, Germany's Hapag Lloyd said.'Many customers tried to get their goods through to the U…

U.S. Soybean Inventories at Record Levels

Feb 08, 2019

U.S. soybean supplies as of Dec. 1 were the biggest on record as demand for the oilseed fizzled amid a trade war between the United States and China, the U.S. Agriculture Department said on Friday.USDA also trimmed its forecast of the U.S. soybean crop harvested last fall to 4…

Statement on New Measures to Protect North Atlantic Right Whales

Feb 08, 2019

The Chamber of Marine Commerce is issuing the following statement in response to the announcement by Transport Canada and Fisheries and Oceans Canada on shipping mitigation measures in the Gulf of St. Lawrence to help protect North Atlantic Right Whales…

Int'l Ice Patrol Resumes Operations for 2019 Season

Feb 08, 2019

The Coast Guard International Ice Patrol announced it has commenced operations for the 2019 ice season as of Feb. 5, 2019 and will resume production of the North American Ice Service (NAIS) daily iceberg warning products from its operations center in New London…

EU Defends Publishing Emissions Data to Drive CO2 Cuts

Feb 07, 2019

Publishing data about the emissions of all ships calling at EU ports, as proposed by the European Commission, will incentivize shipping companies to cut their CO2 while also better informing regulations to reduce emissions, green NGO Transport & Environment (T&E) has said…

Sri Lanka Port Strike Ends

Feb 05, 2019

Sri Lankan customs officers on Tuesday called off a strike that left 6,000 containers stranded at the country's main port and put pressure on food prices, after the government agreed to reinstate their boss for three months.The strike by thousands…

Global Ports Signs 30 Year Deal in Antigua

Feb 04, 2019

Cruise port operator Global Ports Holding (GPH) has signed a 30-year concession agreement with the government of Antigua and Barbuda for cruise port operations in Antigua on an exclusive basis.The concession also includes certain retail outlets in the project area…

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