Government Update News

 

Brazil Posts Record Trade Surplus for April

May 02, 2017

Brazil's trade surplus rose to $6.969 billion last month, government data showed on Monday, a record for a month of April as prices for main exports such as soy, iron ore and oil rose. Exports totaled $17.686 billion and imports $10.717 billion…

Op/Ed: Trump's Infrastructure Plan Should Include Inland Waterways

Apr 26, 2017

Bryan Day, executive director of the Little Rock Port Authority, weighs in on President Donald Trump’s proposed infrastructure plan, calling for U.S. policymakers to consider inland waterways and ports in America’s infrastructure plan.  President…

US Authorizes Non-FTA LNG Export from Golden Pass

Apr 26, 2017

The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States…

Senate Panel OKs Lighthizer for US Trade Rep

Apr 25, 2017

The Senate Finance Committee on Tuesday approved President Donald Trump's choice for U.S. Trade Representative, bringing Robert Lighthizer a step closer to taking office as U.S. trade disputes with Canada and Mexico heat up. The panel also…

UN, Russia Warn Against Assault on Main Yemeni Port

Apr 25, 2017

United Nations and Russian officials warned on Tuesday against any attack by Saudi-led coalition forces on the Houthi-held Yemeni port of Hodeidah, the aid lifeline for a country where millions of people are in desperate need of food. The…

British Prime Minister Visits Kelvin Hughes

Apr 24, 2017

Maritime navigation, situational awareness and security radar systems company Kelvin Hughes last Thursday welcomed the Prime Minister Theresa May, to its Enfield head office, design and manufacturing facility.  During an election campaign visit in North London…

Denmark Aims to be Global Maritime Power Hub

Apr 21, 2017

The Danish Government receives recommendations from the Maritime Strategy Team on how to maintain the Danish stronghold as a maritime nation towards 2025. The Maritime Strategy Team, headed by Chairman Jesper Lok, presents its recommendations to the Danish government…

Greece Gets Three Improved Bids For Thessaloniki Port Sale

Apr 21, 2017

Greece received three improved binding financial bids for a majority stake in Thessaloniki Port , its second-largest, the country's privatisation agency (HRADF) said on Friday.Last month HRADF got three bids for a 67 percent stake in Thessaloniki Port…

Allcargo Logistics Inks Training MoU in Maharashtra

Apr 21, 2017

Allcargo Logistics’ CSR arm, have signed a Memorandum of Understanding (MoU) with Maharashtra State Skill Development Society (MSSDS) to train over 7,400 youth in Maharashtra. This initiative will help Allcargo to enhance its scope of…

German, Russian Groups Partner on Port Digitization

Apr 13, 2017

In early April, during the traditional German week in St. Petersburg, a workshop was run with the accent on ‘Digitalization in the port sector and logistics’. It was co-organized by Port of Hamburg Marketing (HHM), the German-Russian chamber…

Indian Ports Register 6.79% Growth in Traffic

Apr 12, 2017

The twelve major ports under the Ministry of Shipping, India handled a record 647.43 MT of traffic in 2016-17, registering an annual growth rate of 6.79 percent, as against 4.32 percent last year.  With this, these ports have out- performed private ports for the second consecutive year…

Somali Forces Clash With Pirates, Free Indian Ship Crew

Apr 12, 2017

Somali security forces clashed with pirates early on Wednesday and freed nine seamen kidnapped on an Indian cargo ship this month, officials said.The pirates seized the dhow Al Kausar off Somalia's coast, part of a surge of attacks after years without a reported incident…

Maersk Gains Approval for Hamburg Sud Takeover

Apr 10, 2017

World No. 1 shipping company Maersk Line gained EU antitrust approval on Monday for its acquisition of Hamburg Sud (HSDG) after agreeing to pull the German company out from five consortia on trade routes to address competition concerns. The bid by Maersk…

Greece Calls for Improved Thessaloniki Port Bids

Apr 09, 2017

Hellenic Republic Asset Development Fund (HRADF) asked for improved financial bids from short-listed investors seeking to buy a majority stake in its second-largest port, reports Reuters. Greece’s privatization agency (TAIPED) got three…

Norway to Build the World's First Ship Tunnel

Apr 09, 2017

Norway is going to build the world’s first tunnel for ships, a 1,700-meter (5,610-feet) which will  cost over $300 million USD (NOK 2.7 billion) and allow cruise ships to bypass the most risky area along the coast of Norway. The Norwegian…

Logistics News

LNG Supply Disruptions Drive Surge in Coal Shipments, BIMCO Finds

LNG Supply Disruptions Drive Surge in Coal Shipments, BIMCO Finds

Sara Fuentes Named as President of Transportation Institute

Sara Fuentes Named as President of Transportation Institute

U.S. Coast Guard Counters Maritime Threats With New Special Missions Command

U.S. Coast Guard Counters Maritime Threats With New Special Missions Command

UAE Ports Become Country's Lifeline as Gulf Trade Remains Fragile

UAE Ports Become Country's Lifeline as Gulf Trade Remains Fragile

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