Government Update News

 

Third US Soybean Vessel Left in Limbo Unloads Cargo in China

Aug 20, 2018

The Cemtex Pioneer, a vessel carrying U.S. soybeans that was caught up in the China-U.S. trade row, has left east China's port of Nantong near Shanghai, according to shipping data on Thomson Reuters Eikon on Sunday.The vessel's draft is now at 58 percent of its maximum…

China Shifts to Iranian Tankers to Keep Oil Flowing Amid US Sanctions

Aug 20, 2018

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States…

Japan, Russia Join for Trans-Siberian Rail Transportation

Aug 19, 2018

Japan and Russia plan to officially develop a freight transport route between the two countries via the Trans-Siberian Railway, the Yomiuri newspaper reported.The report said that the two governments aim to foster mutual economic cooperation by energizing the “third distribution channel…

USACE Approves Mississippi River Channel Deepening

Aug 16, 2018

The US Army Corps of Engineers (USACE) Director of Civil Works signed a memorandum to the Assistant Secretary of the Army (Civil Works) requesting concurrence with the finding that the recommended deepening of the Mississippi River Ship Channel…

Chinese Hackers Targeted US Firms, Govt after Trade Mission

Aug 16, 2018

Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters.Cybersecurity…

Another Ship Carrying US Soybeans Enters Dalian Port

Aug 16, 2018

A vessel carrying U.S. soybeans entered China's port of Dalian after sitting off coast since July 24, according to shipping data on Thomson Reuters Eikon on Thursday.The movement of the ship, the Star Jennifer, suggests it is preparing to unload its cargo…

White House Condemns Turkey's Tariffs on US Imports

Aug 15, 2018

The White House on Wednesday condemned Turkey's doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action 'a step in the wrong direction.'Turkey took the action in response to what it called the Trump's administration's attack on its economy…

MarAd Awards $2.5 Mln Grant to Port of New Orleans

Aug 15, 2018

The Port of New Orleans (Port NOLA) has been awarded a $2.5 million U.S. Maritime Administration (MARAD) grant to support the current container-on-barge shuttle service operated by SEACOR AMH between New Orleans, Baton Rouge and Memphis, and…

BP Offloads Last Two Stranded Oil Cargoes in China

Aug 15, 2018

Oil major BP on Tuesday offloaded about 1 million barrels of Angolan crude from supertanker Olympic Light to an independent Chinese refiner after holding the oil at sea for about three months, people with knowledge of the discharge said on Wednesday…

Peak Pegasus Finally Unloads US Soybeans in China

Aug 13, 2018

A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and Washington…

Indian Ports Register Positive Growth of 4.13%

Aug 10, 2018

The major ports in India have recorded a growth of 4.13% and together handled 231.48 Million Tonnes of cargo during the period April to July, 2018 as against 222.29 Million Tonnes handled during the corresponding period of previous year.During this period nine Major Ports - Kolkata (incl…

India to Probe Subsidized Stainless Steel Imports from China

Aug 10, 2018

India has launched an investigation into subsidized production and export of welded stainless steel pipes and tubes from China and Vietnam, an official notification said.The Directorate General of Trade Remedies, which falls under the trade ministry…

Germany Maintains Large Trade Surplus with US

Aug 10, 2018

Germany's exports to the United States in the first half of this year were worth 24.4 billion euros ($28.3 billion) more than its imports of U.S. goods, data from the Federal Statistics Office showed on Friday.The trade surplus was 100 million euros less than last year…

China Ministry Seeks Feedback on LNG as Marine Fuel

Aug 10, 2018

China's Ministry of Transport said on Friday it is soliciting feedback from oil companies, shipowners' and port associations, and marine authorities for a plan to use liquefied natural gas (LNG) as a marine bunker fuel.China will expedite the…

Brazil Freight Policy Signed into Law

Aug 09, 2018

Brazil's President Michel Temer signed into law a bill authorizing the government to set minimum truck freight prices, drawing criticism from farm groups who said the measures would drive up costs for food.According to a decision published in the official gazette on Thursday…

Logistics News

Melvin Resigns as President of South Carolina Ports Authority

Melvin Resigns as President of South Carolina Ports Authority

Brazil Ships More Iron Ore to China, Competitors Lag

Brazil Ships More Iron Ore to China, Competitors Lag

Great Lakes Dredge & Dock Takes Delivery of Hopper Dredge

Great Lakes Dredge & Dock Takes Delivery of Hopper Dredge

Kabal Wins Contract with Phu Quoc Petroleum Operating Company to Optimize Offshore Logistics in Vietnam

Kabal Wins Contract with Phu Quoc Petroleum Operating Company to Optimize Offshore Logistics in Vietnam

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