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…
The U.S. Army Corps of Engineers (USACE) announced $49 million for the Charleston Harbor Deepening Project in the Fiscal Year 18 Work Plan. The funds announced today will be coupled with financial support from the State of South Carolina to…
Spain offered on Monday to take in a rescue ship that is drifting in the Mediterranean sea with 629 migrants stranded on board after Italy and Malta refused to let it dock.The Aquarius picked up the migrants from inflatable boats and rafts off the coast of Libya at the weekend…
German shipping line Hapag-Lloyd has stopped one of two feeder services to Iran and will decide on the remaining one before a Nov. 4 deadline imposed by the United States, which has reimposed sanctions on Tehran.Hamburg-based Hapag-Lloyd, the world's fifth largest container company…
Imports at the United States’ major retail container ports are expected to set record numbers this summer and fall even as the debate over trade and tariffs continues in Washington, according to the monthly Global Port Tracker report released…
Greek shipowners could relocate to Britain after it leaves the European Union if European regulators demand changes to favorable shipping taxes in Greece, a top industry official said on Friday.The European Union has been pressing Greece to end generous tax allowances it grants shipowners…
