Key arrangements including procedures for ships still need to be worked out before empty vessels can come in and pick up cargoes from Ukraine using the new grains corridor, a senior London marine insurance market official said on Monday.Turkey…
The United States' Federal Maritime Commission (FMC) on Friday announced it creating a new bureau to handle its enforcement and compliance activities. The agency, which is responsible for the regulation of oceanborne international transportation of the U…
Russian missiles hit Ukraine's southern port of Odesa on Saturday, the Ukrainian military said, threatening a deal signed just a day earlier to unblock grain exports from Black Sea ports and ease global food shortages caused by the war.Ukrainian…
Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased.The accord crowned two months of talks brokered by the United Nations and Turkey…
Russian President Vladimir Putin and Turkish leader Tayyip Erdogan plan to meet in the near future after a phone conversation in which they discussed efforts to facilitate grain exports from Ukraine, the Kremlin said on Monday.Turkey has been…
Western partners should do more to help unblock Ukraine's Black Sea ports to release exports of grain, metals and mining products, a Ukrainian official told Reuters on Tuesday, warning the country's finances were increasingly precarious.Logistics problems linked to the war with Russia…
Ukraine is holding talks with Turkey and the United Nations to secure guarantees for grain exports from Ukrainian ports, President Volodymyr Zelenskiy said on Monday.'Talks are in fact going on now with Turkey and the U.N. (and) our representatives…
The Biden administration is partnering with 11 East Coast states to accelerate the development of offshore wind facilities, including addressing supply chain issues, advancing construction and boosting jobs, the White House said on Thursday…
The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. The long term fixes, which require Federal Maritime Commission rule-making, establishes additional requirements requiring the FMC to issue rules related to certain fee assessments…
Russia said on Thursday it was facilitating the export of grain and oilseeds from Ukraine through Russian-held transit points on the Azov Sea, without explaining who was providing the foodstuffs for export.Ukraine, like Russia one of the world's biggest exporters of grains and oilseeds…
President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week…
The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs. The bill was approved 369-42 and will head to the White House for President Joe Biden's signature…
U.S. Transportation Secretary Pete Buttigieg this week announced the appointment of 25 new members to the Maritime Transportation System National Advisory Committee (MTSNAC). The MTSNAC Charter will advise the Secretary, through the Maritime Administration (MARAD) Administrator…
U.S. President Joe Biden on Thursday urged Congress to “crack down” on ocean carriers that have raised shipping prices significantly and helped drive up the cost of goods in the country.“One of the reasons prices have gone up is because a handful…
The theme of Maritime Risk Symposium (MRS) 2022 is “The Importance of Inland Systems to the MTS.” The global MTS consists of numerous inland networks that connect the major transnational and inland ports. The United States has more than 25,000 miles of navigable waters…
