Government Update News

 

Panama Canal Expansion Marks Second Anniversary

Jun 26, 2018

Today marks Panama Canal's two-year anniversary of the inauguration of its Canal Expansion. It is the largest enhancement project in the waterway’s 103-year history. To date, the Canal has transited 3,745 Neopanamax vessels.The performance…

Migrants Rescued by Boxship Land in Sicily

Jun 26, 2018

More than 100 rescued migrants from private cargo ship Alexander Maersk, picked up off the coast of southern Italy on Friday, arrived in the southern port of Pozzallo in Sicily on Tuesday. The new Italian government has closed its ports to ships operated by charities in the Mediterranean…

French Union Calls for June 28 Port Action

Jun 26, 2018

France's CGT union says it is calling on port workers across the country to down tools on June 28 and join a protest against the policies of the government. Thursday's action coincides with the end of three months of rolling train strikes…

Suez Canal Seeks 300 mln euro Loan

Jun 26, 2018

Egypt's Suez Canal Authority is seeking a 300 million euro ($350.19 million) loan from Gulf banks, three senior banking sources told Reuters on Tuesday. The loan will be used to finance the purchase of two new dredgers, the sources said…

SC Ports CEO Sounds Off on Southern States Chassis Pool

Jun 25, 2018

South Carolina Ports Authority president and CEO Jim Newsome has issued the following statement on the proposed new chassis pool structure to be known as the Southern States Chassis Pool:  “The South Atlantic Chassis Pool was formed in 2006…

ETP Reopens one of two Philadelphia Area Product Pipelines

Jun 25, 2018

Energy Transfer Partners LP reopened the smaller of two Philadelphia area pipelines that help carry refined products from the region's refineries to the New York Harbor and Western Pennsylvania but the larger of the two remained shut, the company said in a customer notice seen by Reuters…

Commerce Secretary Ross Taps DSC Dredge CEO Wetta to Key Post

Jun 25, 2018

Bob Wetta to serve on President Trump's Advisory Council on Doing Business in Africa. On April 26, 2018, Secretary Wilbur Ross, United States Department of Commerce, appointed Bob Wetta, President and CEO of DSC Dredge LLC to serve on the…

ICS Worried About EU Policy for Migrants Rescued at Sea

Jun 25, 2018

The global trade association for ship operators – the International Chamber of Shipping (ICS) – is increasingly concerned about the new policy of the Italian Government to close its ports to migrants rescued by ships at sea.  In the interest of protecting safety of life at sea…

InterManager Supports IMO’s Annual Day of the Seafarer

Jun 25, 2018

The physical and mental well being of seafarers must be given priority by ship managers – said InterManager Secretary-General Capt Kuba Szymanski to mark Day of the Seafarer. As June 25th marks the IMO's annual celebration of seafarers, InterManager…

India Trying to Make Chabahar Port in Iran Operational by 2019

Jun 24, 2018

Nitin Gadkari, the Union  Minister for Shipping, India said in Dushanbe, that India is trying to make Chabahar Port in Iran operational by 2019.  Gadkari was addressing the Indian Community at the inauguration of the Swami Vivekananda Cultural Centre at the Indian Embassy in Dushanbe…

East Libyan Forces Advance to Retake Oil Ports

Jun 21, 2018

East Libyan forces said on Thursday they had retaken the shuttered oil ports of Es Sider and Ras Lanuf, though clashes resumed south of Ras Lanuf in the afternoon after a counter-attack by rival factions.Staff were evacuated from terminals in…

China to Cut US Oil Imports Amid Trade Spat

Jun 21, 2018

Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world's two largest economies, multiple industry sources said…

Brazil Freight Impasse Lingers

Jun 20, 2018

A Brazilian Supreme Court hearing ended with no consensus on the adoption of minimum freight prices and whether such prices should be dictated by the government, Justice Luiz Fux said on Wednesday.Minimum freight prices, introduced by decree…

Schulte Group Confirms Cypriot Connection

Jun 20, 2018

The Cyprus shipping sector continues to make news, as Dr. Heinrich Schulte, the chairman of the Schulte Group, underlined his long-term commitment to the Cypriot shipping industry when he met with H.E. Mr. Nicos Anastasiades, the President of the Republic of Cyprus…

Libya Oil Output Slashed by Port Attacks

Jun 19, 2018

Libya has lost some 400,000 barrels per day (bpd) of oil production in recent days because of militant attacks at the Ras Lanuf and Es Sider ports, the head of the National Oil Corporation, Mustafa Sanalla, said on Tuesday.Sanalla said there were still militants present in the area of the terminals…

Logistics News

Shallowing of Caspian Sea Impacts Oil Trade

Shallowing of Caspian Sea Impacts Oil Trade

Baltic Container Terminal Orders Eight Hybrid Konecranes Cranes

Baltic Container Terminal Orders Eight Hybrid Konecranes Cranes

Port of Auckland Commences Upgrade of Bledisloe North and Fergusson North Wharves

Port of Auckland Commences Upgrade of Bledisloe North and Fergusson North Wharves

APM Terminals to Accelerate Port Development in Andhra Pradesh

APM Terminals to Accelerate Port Development in Andhra Pradesh

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