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Government Update News

 

IMO Urges Governments to Implement HNS Convention

Apr 27, 2018

The IMO treaty covering compensation for damage caused by Hazardous and Noxious Substances (HNS) transported by sea is the subject of a workshop underway at International Maritime Organization (IMO) Headquarters, London (26-27 April).  The…

Turkey to Open Investigation into Steel Imports

Apr 27, 2018

Turkey will open an investigation into whether iron and non-alloy steel imports harm local producers, the government said on Friday.Producers from the European Union, which Turkey aims to join, will be exempted from the investigation, the government said…

Bollore Under Formal Investigation in Africa Graft Probe

Apr 25, 2018

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…

Wicker Highlights Ports' Role in National Security

Apr 25, 2018

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 Awards Another $1.1 Bln for Mega-port Project

Apr 25, 2018

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…

China-bound US Sorghum Diverted to Saudi Arabia, Japan

Apr 24, 2018

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…

Mexico Minister says NAFTA Deal will Depend on Flexibility

Apr 24, 2018

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…

US Questions COSCO's Long Beach Terminal Takeover

Apr 23, 2018

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…

South Korea Eximbank Pledges Huge Loans to Shipping

Apr 22, 2018

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…

British Ports Association Writes to PM on Brexit Concerns

Apr 22, 2018

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…

Maritime UK Mulls Increased Commonwealth Trade

Apr 22, 2018

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…

IMarEST CEO David Loosley Appointed to Government Maritime Panel

Apr 20, 2018

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…

EU Suspects Tax Fraud at China's New Gateway to Europe

Apr 20, 2018

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…

DP World Should Rethink Port Deals in Somalia - Foreign Minister

Apr 20, 2018

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…

Oldendorff Halts Guyana Operation Due to Rusal Crisis

Apr 20, 2018

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…

Logistics News

Additional LNG Exports from Plaquemines LNG Approved

Additional LNG Exports from Plaquemines LNG Approved

LA Releases Draft Environmental Impact Statement for Berth Redevelopment

LA Releases Draft Environmental Impact Statement for Berth Redevelopment

EU Doesn’t See Risks to Oil and Gas Supply Yet

EU Doesn’t See Risks to Oil and Gas Supply Yet

US Officials Predict Quick End to Iran War

US Officials Predict Quick End to Iran War

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Honda's $15,7 billion writedown on EVs is painful but China problems loom in the future
Early findings indicate that the US-owned tanker near Iraq was attacked by unmanned vessels
Dubai Media Office reports that a fire breaks out near Dubai International Airport following a drone attack.