The Republic of the Marshall Islands (RMI) fleet now stands at 223,262,177 deadweight tons (DWT), making it the second largest registry in the world in terms of DWT. International Registries, Inc. and its affiliates (IRI) have provided administrative…
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation into an industry that is the backbone of global trade, the companies said on Wednesday. The world's biggest container shipper…
Rising exports have thrown a lifeline to U.S. shale producers and refiners, giving them an additional outlet at a time when the domestic market has been at risk of becoming saturated.The United States exported record quantities of natural gas…
China's government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations. The…
Russia could double gasoline exports in coming years due to a leap in its refining capacity and a falloff in domestic demand, which could worsen a fuel overhang in Europe, according to experts and Reuters calculations.Russian gasoline exports jumped by more than 15 percent last year to 3…
The government of India is working on a policy to make India a global destination for cruise shipping and efforts are on to identify such circuits, besides a slew of steps, to boost infrastructure, Shipping Minister Nitin Gadkari has said. According to a report by Press Trust of India…
Significant improvement in efficiency has been achieved by India's Major Ports in the last two years, said the Minister of State for Shipping Pon. Radhakrishnan. With a view to improve further the efficiency and productivity of the major ports and make it comparable internationally…
Coalition for America’s Gateways and Trade Corridors executive director Elaine Nessle comments on the U.S. Department of Transportation’s funding under President Trump’s Fiscal Year 2018 Budget Blueprint. The Coalition for America’s Gateways…
Bahri’s CEO meets HRH Prince Abdullah bin Faisal bin Turki bin Abdullah Al Saud at the high-level gathering in the Royal Embassy of Saudi Arabia in Washington, D.C. A senior-level Bahri delegation met with His Royal Highness Prince Abdullah bin Faisal bin Turki bin Abdullah Al Saud…
Christopher A. Hart’s term as Chairman of the National Transportation Safety Board concluded on schedule Wednesday and Vice Chairman Bella Dinh-Zarr will serve as the agency’s acting chairman. Hart will remain at the NTSB, applying his transportation…
Maritime U.K. and the Department of International Trade (DIT) will lead a three-day trade mission to Shanghai at the end of March to promote the U.K. as a center for global maritime business. Attended by senior industry and government leaders from both countries…
The Indian Cabinet has approved signing of a Memorandum of Understanding (MoU) for greater cooperation with regard to marine aids to navigation that includes advice on lighthouses and beacons besides vessel traffic service. 'The Union Cabinet…
On February 15, we announced that Sea Year training for U.S. Merchant Marine Academy (USMMA) Midshipmen will resume on three commercial carriers – Crowley Maritime Corporation, Maersk Line Limited and American President Line. This followed implementation…
Luke Lane, Senior Claims Executive at UK P&I Club, advises on the easing of the ‘180 day rule’. In October 2016 the U.S. Treasury, Office of Foreign Assets Control (OFAC) announced amendments to the Cuban Asset Control Regulations (CACR)…
George Devereese, Loss Prevention Adviser at UK P&I Club, advises on the Tri-Nation agreement to combat piracy in the Sulu Sea. It was announced last week that as of May 2017 Philippines, Malaysia & Indonesia will launch joint piracy patrols in waters of the Sulu Sea…
