The United States has set conditions for scrapping its planned punitive tariffs on steel and aluminum imports from Europe, German magazine Der Spiegel reported, including capping U.S.-bound exports of the metals at 2017 levels. The European…
The Panama Canal signed a Memorandum of Understanding (MOU) in Cuiabá, Brazil that will promote the Panama Canal's position as a route for grain shipments traveling from northern Brazil to ports accessed in the Pacific Ocean. The agreement…
DP World, one of the world's largest port operators, said on Thursday it is committed to the port project in Somaliland despite Somalia's move to ban the ports operator from operating in Somalia. Djibouti's decision to end a contract with…
Djibouti's container port will remain in state hands as the government seeks investment, a senior official said on Wednesday in comments likely to reassure Washington where lawmakers say they fear it could be ceded to China. The Doraleh Container Terminal is a key asset for Djibouti…
Somalia has banned Dubai ports operator DP World from operating in Somalia, saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void. It is unclear how Somalia's…
U.S. Commerce Secretary Wilbur Ross will speak with European Union representatives about lowering tariffs against the United States, President Donald Trump said on Monday.'Secretary of Commerce Wilbur Ross will be speaking with representatives…
In order to make port projects more investor friendly and make investment climate in the major port sector more attractive, the Indian Government has approved the revised Model Concession Agreement (MCA) for Public Private Participation (PPP) projects in Major Ports…
The South Korean government decided to restructure two financially-troubled mid-sized shipbuilders, said a report in Business Korea. While filing for court receivership for the debt-ridden Sungdong Shipbuilding, the government has decided to save STX Offshore and Shipbuilding Co…
Imports at the nations’ major retail container ports are expected to dip slightly this month, but that’s the result of annual Asian factory shutdowns for Lunar New Year rather than new tariffs on steel and aluminum imposed this week, according…
Bollinger Shipyards President and CEO Ben Bordelon announced the promotions of two key leaders. Jerome Eymard has been promoted to the position of Director of Human Resources, and Rachael Battaglia to the position of General Counsel. Jerome…
Led by Denmark, 13 EU Member States have called on the Commission to present an ambitious proposal on revising the Reporting Formalities Directive. Danish Shipping strongly supports the ambition to sufficiently eliminate the huge administrative burdens on maritime carriers in the EU…
Homeland Security Secretary Kirstjen M. Nielsen announced the nomination by President Donald Trump of Vice Adm. Karl L. Schultz to be the 26th Commandant of the U.S. Coast Guard on Thursday. Vice Adm. Schultz, the commander of the Coast Guard's Atlantic Area…
Seafarers’ charity Apostleship of the Sea (AoS) provided a safe haven for a group of seafarers who were left stranded when their ship ran aground in Qawra Point, Malta. The seven crew members from the bunkering tanker Hephaestus, were left…
Montgomery McCracken announced it has named attorneys Robert E. O’Connor and Davis Lee Wright to the firm’s partnership. O’Connor, located in the firm’s New York office, was previously an associate. Wright, who is located in the firm’s Wilmington office…
Sterling Global Marine, a leading surveyor of private and commercial vessels, has announced it has acquired the renowned marine surveying company, Geoff Waddington & Partners. This move sees Sterling Global Marine become one of the fastest growing independent marine surveyors in the UK…