The U.S. trade deficit fell in May as exports increased to their highest level in just over two years, but trade could still weigh on economic growth in the second quarter. The Commerce Department said on Thursday the trade gap decreased 2…
The Cyprus Chamber of Shipping has hailed the unanimous decision by MPs to forward for a vote the legislation that will define three new branches of the executive – shipping, tourism and development, reports Financial Mirror. The report…
The U.S. Treasury Department said on Thursday it was placing financial sanctions on two Chinese nationals and a Chinese shipping company over their ties to North Korea stemming from its nuclear program. The department said in a statement…
Port Hedland Mayor, Camilo Blanco, and the Town of Port Hedland’s CEO, David Pentz, attended the launch of the LNG Marine Fuel Institute at Parliament House, Canberra on Wednesday, June 21. The Institute, which was opened by The Honorable Josh Frydenberg MP…
Indian Minister of Shipping Nitin Gadkari has said that Cruise Tourism is one of the fastest growing components of the leisure industry worldwide, and can be a major growth driver for the Indian economy by generating huge employment opportunities…
German Chancellor Angela Merkel said on Tuesday that global trade was not a zero-sum game and that she would seek to establish a rules-based commerce system that benefits all, striking a compromising tone before a G20 summit next week. Merkel…
GE Energy Connections (NYSE: GE) has recently delivered the full turnkey project to VLI for engineering, supply and commissioning of the port terminal Luiz Antonio Mesquita Integrator Port Terminal (Tiplam) at the port of Santos, located in the city of Santos…
Two shipping companies based in Egypt and Singapore will pay $1.9 million in penalties after pleading guilty in federal court to violating the Act to Prevent Pollution from Ships (APPS) and obstruction of justice for covering up the illegal…
U.S. Trade Representative Robert Lighthizer said on Wednesday there was no deadline for completing NAFTA trade talks between the United States, Canada and Mexico even as lawmakers warned that U.S. business would be hurt by prolonged negotiations…
The Danish Maritime Authority (DMA) continues its work digitalising Blue Denmark in order to utilise the technological solutions available for the benefit of Blue Denmark. Now, the Ship Station License has become digital – just like the other ship certificates…
The Ministry of Shipping in India conducted a workshop on “GST for Shipping” in New Delhi today to sensitize all constituents of the maritime fraternity, as the country lauches the new Goods and Services Tax (GST) to revolutionize the country's tax system…
Greece named a consortium led by Deutsche Invest Equity Partners as the winner of a majority stake in Thessaloniki Port, the country's second biggest, its privatisation agency (HRADF) said on Monday. Deutsche Invest has teamed up with France's…
The Indian shipping industry is registering a positive growth amid a downward trend globally, Union Minister of State for Shipping, Pon Radhakrishnan said. “While the shipping sector is seeing a downward trend worldwide, India is registering a positive growth…
New York City Mayor Bill de Blasio today unveiled a series of initiatives aiming to spur 100,000 high-paying jobs over the coming decade across a number of sectors, including the City's maritime and intermodal freight and logistics industries…
Inspired by the European program for Air Traffic Managemen, the Sea Traffic Management (STM) methodology has been developed by the Swedish Maritime Administration MonaLisa project to define a set of systems and procedures to guide and monitor maritime traffic…
