Government Update News

 

Invest in Greece, You Won't Regret It: Greek PM

Sep 11, 2017

Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from its debt crisis, and assured them that they would not regret it. Tsipras said attracting investment was a priority for his leftist-led government…

Technology Drives Growth of India’s Major Ports

Sep 10, 2017

Technological advancement for modernization of major ports and reforms for enhancing ease of doing business are driving and sustaining the growth trend line at India’s major ports.  The country’s 12 major ports together handled 273.96 Million Tonnes of cargo between April to August…

Op/Ed: Act Now on Port Infrastructure

Sep 07, 2017

Funding for freight transportation infrastructure is urgently needed to keep U.S. economy moving.  Infrastructure is the backbone of developed nations. Our ability to move raw materials and finished products between domestic and world markets is critical to economic success…

US Requiring Enhanced Screening of Cargo from Turkey

Sep 07, 2017

The U.S. Transportation Security Administration said on Thursday it is issuing a new security directive requiring enhanced screening of cargo from Turkey. The change was 'to adequately address emerging threats to cargo and raise the baseline for global aviation security…

US Receives Request to Waive Jones Act Due to Harvey

Sep 01, 2017

U.S. Customs and Border Patrol said Friday it has received and is reviewing one request to waive the Jones Act due to the impact of Hurricane Harvey, which has shut down refineries and closed parts of a key pipeline. The Jones Act mandates the use of U…

US Seeks Faster Approval of Small-scale Natural Gas Export

Sep 01, 2017

The United States is proposing to speed up approval of small-scale exports of natural gas, including liquefied natural gas (LNG), the U.S. Department of Energy said in a statement released on Friday. The department said the proposed rule…

Panoil, Universal Energy Lose Singapore Bunker Supply Licence

Aug 30, 2017

The Maritime and Port Authority of Singapore (MPA) will not be renewing the bunker supplier licences of Panoil Petroleum Pte Ltd and Universal Energy Pte Ltd when they expire on 31 August 2017. The bunker craft operator licence of Universal Energy Pte Ltd will also not be renewed…

Abu Dhabi Ports Celebrates Emirati Women’s Day

Aug 28, 2017

Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, Fujairah Terminals at the Port of Fujairah, and Khalifa Industrial Zone Abu Dhabi (KIZAD), celebrates Emirati Women’s Day…

Qatar Navigation Launches Pakistan Service

Aug 28, 2017

Major Qatari shipping conglomerate Qatar Navigation (Milaha) is launching a direct service between Qatar and Karachi in Pakistan, the company said on Sunday, as it seeks to counter economic sanctions against Doha by other Arab States. Saudi Arabia…

Korea to Establish Maritime Promotion Corporation

Aug 25, 2017

Korea Maritime Promotion Corporation (KMPC), a dedicated support organization for the shipping industry, will be established in Busan in June of next year with capital of 5 trillion won (US$4.5 billion), reported BusinessKorea. KMPC is set to offer financial and industrial policy support…

Brazil to Stop Beaching Ships in South Asia

Aug 25, 2017

Brazilian authorities plan to implement legislation to help prevent that vessels owned by exporters such as Petrobras and Vale wind up on South Asia's beaching yards, Bloomberg reported.  The report said that earlier this month, authorities…

MST, Reederei Indicted for Falsifying Pollution Records

Aug 25, 2017

A German ship management company and corporate vessel owner have been indicted for falsification of pollution records The U.S. Justice Department announced a federal grand jury in Portland, Maine, returned a nine-count indictment today charging…

Qatar Shipper Milaha Starts Turkey Service amid Crisis

Aug 22, 2017

Qatar Navigation (Milaha), the Doha-based maritime and logistics group, has launched a direct shipping service between Qatar and Turkey amid a regional diplomatic crisis that has cut Doha cut off from three of its closest neighbours. Saudi Arabia…

FTC Fines Global Car Shipping Firms USD 37.8mln

Aug 21, 2017

South Korea's antitrust watchdog Fair Trade Commission (FTC)  has imposed a combined 43 billion won (US$37.8 million) in fines on nine global auto shipping companies for bid rigging and price fixing, reported Yonhap. According to the FTC…

Australian Submariner Memorial Dedication

Aug 18, 2017

Minister for Defense, Senator the Hon Marise Payne, joined Rear Admiral Mike Noonan, Deputy Chief of the Navy, and veterans to dedicate a memorial on the site of ex-HMAS Platypus, Australia’s decommissioned east coast submarine base, honoring all who have died while serving in Australian submarines…

Logistics News

Tanker Vessel Market Bends Under Supply and Demand Strains

Tanker Vessel Market Bends Under Supply and Demand Strains

Port Milwaukee to Break Ground on South Shore Cruise Dock

Port Milwaukee to Break Ground on South Shore Cruise Dock

Trump Tariffs Reroute Brazilian Beef to Mexico

Trump Tariffs Reroute Brazilian Beef to Mexico

Baltic Index Up for Third Straight Session

Baltic Index Up for Third Straight Session

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India extends IndiGo's leasing agreement with Turkish Airlines
Europe gas markets escape hectic LNG summer storage race: Bousso
ADNOC sells 3% of its logistics and services unit through a bookbuild offer