Government Update News

 

Trump, Trudeau to Discuss Trade on Monday

Feb 09, 2017

President Donald Trump will host Canadian Prime Minister Justin Trudeau on Monday, the White House said on Thursday, a meeting in which trade and a major crude oil pipeline are likely to be on the agenda. The meeting will be the first for the two men since Trump won last November's election…

De Ruyter Maritime and Logistics College Reopened

Feb 08, 2017

His Majesty King Willem-Alexander of The Netherlands reopened the renovated De Ruyter Maritime and Logistics College in Vlissingen, Holland, on February 3, 2017. He then went aboard the emergency towing vessel Guardian, operated by leading towage and salvage specialist Multraship…

US’ Top Five Trading Partners

Feb 07, 2017

The U.S.’ top five trading partner countries for goods in 2016 were China, Canada, Mexico, Japan and Germany, according to full year 2016 U.S. international trade in goods and services data compiled by the U.S. Census Bureau and the Bureau of Economic Analysis…

Indian Ports Cargo Volumes Up after Demonetisation

Feb 06, 2017

The cargo handled by 12 major Indian ports in November and December (Post demonetisation period)has witnessed a significant growth by registering an increase of 11.2 per cent and 12.7 per cent, respectively, reports PTI. The Minister of State for Shipping Mansukh L…

Legislators Urge Trump to Fund Dredging

Feb 02, 2017

A coalition of 75 members of the House of Representatives called on President Trump to fully fund harbor maintenance programs in his upcoming Fiscal Year 2018 budget proposal.The letter, available here, noted that the Water Resources Reform…

Indian LNG Import Tax Halved

Feb 01, 2017

India, the world’s fourth-largest buyer of liquefied natural gas (LNG), has announced plans to halve its basic customs duty on imports of the chilled fuel. Indian Finance Minister Arun Jaitley presenting the Budget for 2017-18 in Parliament halved the import duty on LNG to 2…

Indian Ports to Go Green

Feb 01, 2017

The Indian Ministry of Shipping, as a part of its ‘Green Port Initiative’ has been emphasizing on use of renewable sources of energy to power Major Ports across the nation.  The Ministry aims to set up 91.50 MW of solar energy capacity…

Swedish Town Karlshamn Says 'Yes' to Gazprom Port Deal

Jan 31, 2017

Officials in Karlshamn in southern Sweden will allow Russia's Gazprom to use the city's port for the construction of its Nord Stream 2 gas pipeline after the government dropped its objections, the municipality said on Tuesday. The government…

Greece Sets Bid Deadline for Thessaloniki Port Sale

Jan 31, 2017

Greece has given investors until March 24 to submit binding bids for a majority stake in its second biggest port, Thessaloniki Port, two sources close to the matter said on Tuesday.The sale of the 67 percent stake in the port and other privatisations…

DMA Cutting Back Special Rules for Danish Shippers

Jan 30, 2017

A benchmark analysis shows that Denmark has 33 special requirements for ships flying the Danish flag, a number which the Danish Maritime Authority (DMA) seeks to scale back as it aims to create a more favorable environment for shippers.“Denmark…

US Maritime Advisory System Established

Jan 30, 2017

The new U.S. Maritime Advisory System establishes a single federal process to expeditiously provide maritime threat information to maritime industry stakeholders, including vessels at sea. The system, which was created by the U.S. Maritime Administration (MARAD)…

Sweden Drops Objections to Port Striking Nord Stream Deal

Jan 30, 2017

Sweden's government has dropped its objections to a plan by Russia's Gazprom to use the port of Karlshamn in southern Sweden as a base for the construction of its Nord Stream 2 gas pipeline, Swedish public radio reported on Monday.Officials in Karlshamn…

2016 brings lowest GDP growth rate since financial crisis began - BIMCO

Jan 30, 2017

In terms of global economic recovery, 2016 has been the year with the lowest GDP growth rate since the financial crisis began in 2009. Amongst many landmark events, the slowdown for GDP growth in 2016 stemmed from weaker US activity in the first half of 2016…

Florida Ports Drop Plans to Ink Pacts with Cuba

Jan 28, 2017

Two Florida ports have canceled plans to sign cooperation pacts with Communist-ruled Cuba after state Governor Rick Scott threatened to cancel their funding if they did business with the 'Cuban dictatorship.'The news comes as Cuba watchers…

AAPA ‘Encouraged’ By Senate Dems’ Infrastructure Plan

Jan 28, 2017

The American Association of Port Authorities (AAPA) – the recognized and unified voice of America’s seaports – is encouraged by the release yesterday of the infrastructure investment outline by Senate Minority Leader Chuck Schumer (D-NY) and Senate Democrats…

Logistics News

Baltic Index Rises on Large Vessels

Baltic Index Rises on Large Vessels

Panamanian President Meets with Japanese Shipowners to Share New Ship Registry Strategy

Panamanian President Meets with Japanese Shipowners to Share New Ship Registry Strategy

Russian Oil takes the Northern Sea Route to Brunei

Russian Oil takes the Northern Sea Route to Brunei

Canada's July Trade Deficit Narrows as Exports to the US Rise

Canada's July Trade Deficit Narrows as Exports to the US Rise

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