U.K. based marine services contractor Inchcape Shipping Services Holdings Limited and several of its subsidiaries have agreed to pay $20 million to resolve allegations that they violated the False Claims Act by knowingly overbilling the U.S…
French President Emmanuel Macron on Wednesday said it was time for the world's biggest economic powers to start talks on reshaping World Trade Organization rules to prevent current tensions spiraling into trade wars.Macron's comments before…
Bernhard Schulte Shipmanagement (BSM) demonstrated its commitment to the Greek shipping industry on May 24th, 2018, during a hospitality event titled ‘The future of shipmanagement’ in Athens, co-organized with MariApps Marine Solutions.More than 120 figures from the maritime sector…
Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indonesian…
A collaboration agreement was signed on Thursday 24 May, in the port of Antwerp between on the one side Port of Antwerp International (PAI), the consultancy and investment subsidiary of Antwerp Port Authority, and APEC, its maritime training centre…
Adm. Charles D. Michel was relieved as vice commandant of the U.S. Coast Guard by Adm. Charles W. Ray during a military change-of-watch ceremony held Thursday at U.S. Coast Guard Headquarters. Michel, who also retired from the Coast Guard…
A Statement from the Maritime Administration has announced that RADM James Helis has accepted a senior post at the U.S. Maritime Administration headquarters in Washington. The text of that message follows: “The Maritime Administration today…
China welcomes high-quality and competitive products made by the United States to enter its market, the commerce ministry said on Wednesday. Both China and the United States will seriously implement a deal reached in Washington, including the purchase of farm and and energy products…
A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped…
Supply and Demand in the bulk transport sectors will define the course line ahead. Less ships and more cargo will be the key.The drybulk sector – where iron ore, coal, grain and other raw materials dominate – is still wrestling with a decade…
The RB Eden vessel carrying 70,000 tonnes of U.S. sorghum turned around just before reaching the Spanish port of Cartagena and is now heading to Singapore, Thomson Reuters Eikon ship-tracking data showed.This marks the second U-turn for the…
China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.The U…
APM Terminals Callao hosted an EU delegation of ambassadors representing 12 EU member states. Led by the EU Ambassador in Peru, Diego Mellado, the visit was of special interest as annual trade between the EU and Peru is more than $10 billion…
Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies 'on hold'.Brent crude futures were at $79.13 per barrel at 0121 GMT, up 62 cents, or 0…
The Vancouver Fraser Port Authority received federal funding for projects that will improve the flow of goods to and from the Port of Vancouver. Through the collaborative efforts of the port authority, Transport Canada, B.C.’s Ministry of Transportation and Infrastructure…
