Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.The drop in Brent crude was the steepest in more than three years…
U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed to ease tensions between the world's two largest economies continue.'Trade talks are continuing…
ZIM has announced a new service between Mexico, Caribbean and Central America, commencing on the second half of August, with the following rotation:Veracruz-Altamira-P. Cortes-Santo Tomas-Kingston-Rio Haina-San Juan-Kingston-Veracruz ZIM will operate 3 vessels in a weekly…
Look beneath the surface of a relatively calm month for long-term contracted ocean freight rates and, says Oslo-headquartered Xeneta, industry observers will see a maelstrom of activity, adjustments and market uncertainty.According to the latest XSI Public Indices report from Xeneta…
U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as 'constructive', including discussion of further purchases of American farm goods and an agreement to reconvene in September.The first…
The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the designation of nine Marine Highway Projects and a Marine Highway Route that will benefit Connecticut, Florida, Michigan, New York, Oregon, Texas, Virginia…
Global Shipping Industry Delivers Comments to Official Consultation on Proposed Modifications to Panama Canal Tolls.The Panama Canal Authority (ACP) is conducting a public consultation on a proposal to adjust the Panama Canal tolls for containerships…
Port operator DP World intends to increase its capacity in Turkey's western Yarimca port by 30% with $50 million investment by Q2 2020, its Turkish unit's chief executive Kris Adams said.Speaking to reporters in Istanbul, Adams also said that…
Shippers Transport Express has deal to keep moving boxes away from docks. A program that accelerates Port of Oakland cargo flow has a new lease on life…literally. Port Commissioners last week approved a firm’s 13-year lease to continue moving loaded import containers off Oakland docks…
Saudi Ports Authority has issued a license to the local subsidiary of Maersk to operate in all ports in Saudi Arabia, state news agency SPA reported on Monday.Maersk currently has weekly containerised shipping services to the ports of Jeddah…
Senior government officials from the European Union (EU), the People’s Republic of China (PRC), and the United States met Wednesday at the Washington, D.C. headquarters of the Federal Maritime Commission (FMC) to participate in the Fourth Global Regulatory Summit…
Department Proposes $856 Million in INFRA Grants. The U.S. Department of Transportation today announced $855,950,000 in proposed grants through the Infrastructure for Rebuilding America (INFRA) discretionary grant program. “This significant federal investment will improve major highways…
Trade volumes at the port of Rotterdam reached a record in the first half of the year, as Europe's largest port handled more container goods and imports of oil and liquefied natural gas (LNG).The Dutch port was cautious about prospects for the rest of the year…
MTC Logistics (MTC), along with officials from the Alabama State Port Authority, Alabama Department of Commerce and elected officials, broke ground on MTC’s 12 million cubic feet international temperature-controlled distribution center. MTC…
Among a string of new eco-friendly initiatives, the Marseille Fos port authority is to spend $22 million over the next six years to extend shoreside electrical connections for berthed vessels to every ferry, cruiseship and repair quay within the Marseille eastern harbor…