A French judge on Wednesday placed tycoon Vincent Bollore under formal investigation over allegations his company undercharged for work on behalf of presidential candidates in two African nations in return for port contracts.Bollore's company…
U.S. Senator Roger Wicker, R-Miss., yesterday attending a hearing of the Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety, and Security to consider U.S. maritime policy, asked Mark H. Buzby, the current administrator of the Maritime Administration…
Singapore on Wednesday announced a $1.1 billion plan to expand and modernize its port, the world's second-biggest, but which is in fierce competition with several Chinese harbors including Shanghai, Shenzhen and Guangzhou.The Maritime and Port…
Four U.S. sorghum shipments initially bound for China have been diverted to other countries after Beijing's move last week to impose hefty anti-dumping deposits on imports of the grain from the United States, according to trade sources and Reuters shipping data…
Mexican Economy Minister Ildefonso Guajardo said on Tuesday that agreeing a new North American Free Trade Agreement (NAFTA) deal will depend on the flexibility of negotiations as he prepared to meet his U.S. and Canadian counterparts in Washington…
A U.S. national security review has raised concerns about a takeover by China's COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall Street Journal reported on Friday.The terminal is part of COSCO's planned $6…
As part of the government's large-scale rescue plan for shipping sector, the Export-Import Bank of Korea (Korea Eximbank) sets a figure for loans and guarantees to the country's shipping sector. According to Yonhap, Korea Eximbank will funnel more than 800 billion won ($749…
The British Ports Association has written to the Prime Minister calling for funding guarantees for any new border facilities and digital infrastructure, which may be needed after the UK leaves the European Union. There are concerns from…
Alderman The Lord Mountevans, Maritime UK Vice Chair, called for increased trade between UK and Commonwealth countries at the Commonwealth Head of Governments Meeting (CHOGM). Maritime UK brings together the UK’s shipping, ports, services…
Working in partnership with industry, the government aims to challenge the sector to think about what it will look like in 2050. This vision will reinforce the development of Maritime 2050, a long-term strategy by the end of 2018 that emphasises the opportunities for the UK maritime sector…
European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said.“The VAT is completely evaded…
Somalia's foreign minister said on Friday that Dubai state-owned port operator DP World should reconsider its contract with the breakaway region of Somaliland and work with federal authorities so Somalia's sovereignty is not violated.'We are asking DP World to reconsider these agreements…
German shipping group Oldendorff Carriers is stopping its business in Guyana, the company said on Friday, after the United States blacklisted Russian aluminum producer Rusal, which has a plant in the South American country.The United States…
Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed…
Jaime L. Lee, the newest Los Angeles Harbor Commissioner, has been elected president of the Los Angeles Harbor Commission. Lee was appointed by Los Angeles Mayor Eric Garcetti and confirmed by the Los Angeles City Council last week. “I’m humbled…
