Government Update News

 

US Imposes Fresh Sanctions on Iran

Jan 15, 2021

The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation.They are the…

BIMCO: China Cements Top Position in the Bulk Market

Jan 13, 2021

The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total…

UK Ports Tap Geospatial Data to Help Solve Transport Challenges

Jan 11, 2021

The SpacePort project, funded by the Geospatial Commission and Innovate UK, will explore how novel geospatial systems can streamline port operations, improving efficiency and tackling societal disbenefits.SpacePort brings together marine sector specialist Marine South East…

Port Everglades Receives 'Marine Highway' Designation

Jan 08, 2021

Port Everglades received approval from the U.S. Maritime Administration (MARAD) for “Marine Highway” designation for a new route connecting Port Everglades with Port Houston, Puerto Rico and the U.S. Virgin Islands (USVI). National Shipping…

US Transportation Secretary Elaine Chao to Resign

Jan 07, 2021

U.S. Transportation Secretary Elaine Chao said Thursday she would resign, citing the intrusion of the U.S. Capitol by violent supporters of U.S. President Donald Trump.Chao, the wife of Senate Majority Leader Mitch McConnell, is the first Cabinet secretary to announce her departure after the events…

US Hits Iran With Fresh Sanctions

Jan 05, 2021

The United States on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a major Iranian metals and mining holding company, seeking to deprive Iran of revenues as U…

Strike Stymies more than 140 Grains Ships in Argentina

Dec 28, 2020

Loading of more than 140 agricultural export ships in Argentina has been stalled by a port-side oilseed workers' strike that started on Dec. 9, the head of the local chamber of soymeal manufacturers said on Monday, on the eve of talks on a new contract…

Biden Introduces Buttigieg as Transportation Secretary

Dec 16, 2020

President-elect Joe Biden touted the diversity of his incoming administration as he introduced former rival Pete Buttigieg on Wednesday as his choice for U.S. transportation secretary.Buttigieg, the former mayor of South Bend, Indiana, would…

Port of Gdynia Seeking Partner for Outer Port Development Project

Dec 10, 2020

The Port of Gdynia Authority (PGA) in Poland has recently launched a formal procedure to select a private partner for the construction of the outer port in the Port of Gdynia.The project is a strategic investment of the Port of Gdynia Authority S…

Top Maritime Trends 2020: Owners and Operators can Do the Right Thing for Seafarers

Dec 10, 2020

Due to a confluence of factors, COVID-19 has adversely impacted merchant mariners more than virtually any other profession. The merchant marine is an international profession from a wide variety of countries, so there is no one nation standing up to represent them…

US Maritime Industry Seeks $3.5 Billion in COVID-19 Relief

Dec 09, 2020

In a joint plea to Congressional leadership and Treasury Secretary Steven Munchin this week a host of maritime transportation entities asked that $3.5 billion in COVID-19 relief funding be made available for the U.S. maritime transportation sector…

US Targets Coal Shipments in Fresh N. Korea-related Sanctions

Dec 08, 2020

The United States imposed new sanctions on six groups and four vessels related to the transport of North Korean coal on Thursday, including operations based in China, the Treasury Department said on Tuesday.'The DPRK (North Korea) continues to circumvent the U…

US Axes Environmental Reviews of LNG Marine Transport

Dec 03, 2020

The U.S. Department of Energy on Thursday issued a rule to exclude environmental reviews for marine transport of liquefied natural gas (LNG), as the Trump administration unleashes last minute rules supporting the fossil fuel industry.The rule…

FMC Raises the Monitoring Report Requirements for Global Carrier Alliances

Nov 25, 2020

Pursuant to direction from FMC Chairman Michael Khouri, the Federal Maritime Commission has issued letters to the three global carrier alliances (2M, THE, and OCEAN) requiring that certain carrier-specific trade data currently filed with the Commission quarterly…

Greece Gets Strong Interest for Igoumenitsa Port

Oct 30, 2020

Greece on Friday received nine non-binding bids for a 67% stake in Igoumenitsa port, its privatization agency said on Friday.Bids were submitted by Aegean Oil, Attica Holdings and a consortium of Archirodon Group and ANEK & Trident Hellas Group…

Logistics News

Algorithm Accountability

Algorithm Accountability

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Tough Transshipment Penalties Not Expected Immediately Despite US Tariffs

Maersk Raises Full-Year Profit Forecast

Maersk Raises Full-Year Profit Forecast

World’s First Green Ammonia Bunkering Operation Completed in Dalian

World’s First Green Ammonia Bunkering Operation Completed in Dalian

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