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 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…
China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war…
Somalia and Ethiopia announced they were jointly investing in four seaports to attract foreign investment to their two countries, the latest move in a tussle for access to ports along one of the world's most strategic waterways.After Somalia's…
Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.Fears of a global trade war added to pressure on oil prices…
China's threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.In an escalating spat over the United States' trade deficit with most of its major trading partners…
The Dubai-based port operator DP World said that it will not consider alternative legal options outside a court settlement in a dispute with the Djibouti government over the Doraleh Container Terminal. The fourth biggest port operator globally…
Beijing surprised oil markets with threats to levy tariffs on imports of U.S. crude oil, natural gas and other energy products on Friday, just as China has risen to the top of the list of importers of oil from the United States.China responded to $50 billion in tariffs imposed by U…
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including…
President Donald Trump on Friday announced that the United States will implement a 25 percent tariff on $50 billion of goods from China related to intellectual property and technology, and pledged to impose further levies if the Asian nation takes retaliatory measures…
Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked hopes of news business ties with the reclusive country.Japanese retail investors are…
Joined by Connecticut Governor Dannel Malloy at New London’s City Pier, the Connecticut Port Authority (CPA) announced a $15 million investment for infrastructure improvements at State Pier.These funds will revitalize the pier, maximizing its potential as a driver of regional economic growth…
The Canaveral Harbor and Canaveral Sand Bypass projects will receive priority funding in the U.S. Army Corps of Engineers Fiscal Year 2018 Workplan. The Corps has allocated $14.76 million to the Canaveral Harbor Sand Bypass project and $1.47…
For the next long-term EU budget 2021-2027, the Commission is proposing EUR 6.14 billion under a simpler, more flexible fund for European fisheries and the maritime economy. The new European Maritime and Fisheries Fund will continue to…
The federal government is awarding nearly $32.4 million in funding to the Jacksonville Harbor Deepening project.“These dollars signal that the federal government believes in our deepening project and has confidence in our ability to provide a return on this investment…
