China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods…
A consortium led by Toyota Tsusho Corp, a unit of Japan's Toyota Group, signed a contract on Thursday to set up and operate a roll-on, roll-off vehicle terminal at East Port Said in Egypt, the Suez Canal Economic Zone (SCZone) said.The consortium…
Campbell Transportation Company is promoting Kyle Buese to the role of President, effective January 1, 2020, the Pittsburgh-based inland marine transportation and services company announced on Wednesday.Buese has been the Executive Vice President of Campbell Transportation for the past year…
US Navy has contracted Konecranes to deliver a 175-ton portal jib crane to the Puget Sound Naval Shipyard in the State of Washington. The $46-million order was booked in December and contains options for six additional portal jib cranes over the next seven years…
One of the most worrying trends that has developed recently - which will affect shipping demand in the years to come - is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globaliztation as well as increasing protectionist measures being implemented around the world…
The Baltic Exchange's main sea freight index fell for a tenth-straight session on Tuesday, as capesize vessel rates hovered near a six-month low.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
As 2020 approaches, the year ends with the tantalising prospect of a trade deal between the United States and China. Again.Initial agreement to de-escalate the tariff war between the world's two biggest economies has been interpreted as a positive for the global economic outlook…
MV Swift was launched December 11, 2019 into the waters of Windermere in the Lake District National Park.Damen Shipyards Group is building the vessel on location via the Damen Technical Cooperation (DTC) for Windermere Lake Cruises.At 34m,…
Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing's buying more American farm goods, U.S. sources said on Thursday.Beijing has yet to confirm whether it is on board with the proposal…
The White House has reached a 'deal in principle' with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks.The White House was expected to make an announcement later on Thursday, the source said…
Alewijnse Marine has won the contract for the electrical fit-out of two additional Damen Combi Freighter 3850s currently in build at Damen Yichang Shipyard for delivery in January 2020.The contract is based around the design, build and delivery…
The Baltic Exchange's main sea freight index fell for a fifth straight session on Tuesday, weighed down by softer demand for capesize vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities…
U.S. House Speaker Nancy Pelosi will hold a news conference on Tuesday to discuss the U.S. Mexico Canada (USMCA) trade deal as U.S. and Canadian officials prepared to fly to Mexico City to work on final changes to the agreement.'We're close…
Brunswick Corporation today announced the formation of its Advanced Systems Group and appointed Brett Dibkey President – Advanced Systems Group. The new appointment is effective on January 1, 2020. The Advanced Systems Group consists of the…
Tramarsa has taken delivery of a Damen Cutter Suction Dredger (CSD) 450. Tramarsa will be providing the tools to its subsidiary company Salaverry Terminal Internacional (STI), which will be using the new vessel for maintenance dredging tasks in the Port of Salaverry…
