Government Update News

 

Protesters Block Iraq Port as Strike Escalates

Nov 18, 2019

Protesters blocked entry to Iraq's main commodities port again on Monday while schools and government offices in many southern cities were shut in response to calls for a general strike.At least 315 people have been killed since the start of mass unrest in Baghdad and southern Iraq in early October…

Russia Returns Ukraine Naval Ships before Summit

Nov 18, 2019

Russia on Monday handed back three naval ships it captured last year to Ukraine, something Kiev wanted to happen before a four-way peace summit on eastern Ukraine next month in Paris.The handover, confirmed by the two countries' foreign ministries…

Malaysia Bans Open-loop Ship Scrubbers

Nov 18, 2019

Malaysia has prohibited the use of open-loop scrubbers by ships plying Malaysian waters, as Southeast Asia's third-largest economy joins the growing number of nations adopting new industry guidelines on reducing sea pollution.New regulations…

USCG PSC Equals meaningful Polar Presence

Nov 14, 2019

The Coast Guard needs a ship that can do more than just break ice; it needs a multi-mission ship to provide for the nation’s security, asserting its sovereign rights, and protecting its long-term economic interests.  That ship is the Polar Security Cutter…

China to invest billions in Brazilian Port

Nov 13, 2019

China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday.Speaking on condition of anonymity, the sources said…

Maritime 2050: Facing the Decarbonization Challenge

Nov 13, 2019

The International Maritime Organization (IMO) greenhouse gas (GHG) strategy signals a true game changing moment for the shipping industry. External pressure was building, but the IMO strategy sets a time line and goals for shipping to tackle one of the great challenges of our time…

EU Invests in Border Security, Coast Guard

Nov 12, 2019

The European Union Council officially adopted the Commission's proposal to reinforce the European Border and Coast Guard, an agency that will acquire its own equipment, such as vessels, planes and vehicles, a will have a standing corps of 10…

New ICS, OCIMF Guidelines for Polar Safety

Nov 08, 2019

Maritime trade between Arctic destinations and the rest of the world is expected to expand and an increasing number of ships are now undertaking voyages in polar waters. Technical developments in ship design and equipment continue to facilitate more and more ship operations in remote polar areas…

Baltic Index Down for 9th Session in a Row

Nov 08, 2019

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth straight session on Friday, on weaker demand for capesize and panamax vessel segments.The Baltic index, which reflects rates for capesize…

White House: Tariff May be Removed if Trade Deal Reached

Nov 08, 2019

Tariffs could be lifted amid the U.S.-China trade deal if an agreement is reached, a White House spokeswoman said on Friday, citing optimism about a final pact but giving no further details.'We're very optimistic for some kind of a deal, and…

Russian Gas Tanker to Lift U.S. LNG

Nov 08, 2019

A gas tanker once hailed by President Vladimir Putin as a bulwark of Russian energy security is heading for a liquefied natural gas (LNG) terminal in the United States, ship tracking data from Refinitiv's Eikon showed on Friday.The collection…

Metal Shark To Build Fireboat for Canaveral

Nov 07, 2019

Shipbuilder Metal Shark is significantly expanding its presence in the fireboat market with a diverse range of fireboats currently in production for multiple customers. Most notably, the company has announced a custom “70 Defiant” fireboat to be built for Canaveral Fire Rescue in Cape Canaveral…

Oil surges as China Pushes Tariff Rollbacks

Nov 05, 2019

Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports.Brent crude futures rose 74 cents, or 1.2%, to $62.87 a barrel by 12:56 p.m. EST (1756 GMT)…

Phase One Trade Deal with China in 'Good Shape'

Nov 01, 2019

The initial 'phase one' trade pact with China appears to be in good shape and is likely to be signed around mid-November, although a finite date is still in question, U.S. Commerce Secretary Wilbur Ross said on Friday.'We're pretty comfortable that the phase one is in good shape…

Iranian, Algerian Ports Sign MoU

Oct 31, 2019

A delegation of Algerian Ministry of Transport executives visiting Iran's Imam Khomeini Port Special Economic Zone explored the development of port and maritime between the port of Imam Khomeini and the ports of Algeria.Adel Deris, Director General of Khuzestan Ports and Maritime…

Logistics News

Stolt-Nielsen Limited Executive Management Update

Stolt-Nielsen Limited Executive Management Update

Trump Administration Seeks to Negotiate with China on Shipping

Trump Administration Seeks to Negotiate with China on Shipping

CMA CGM Reverses Mali Suspension

CMA CGM Reverses Mali Suspension

LNG Canada Starts Up Kitimat Train 2

LNG Canada Starts Up Kitimat Train 2

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Asia spot prices flat on ample supply, soft demand
AXSMarine reports that despite the overall decline, orders for less polluting cargo vessels are holding share.
The Russian manufacturer of railcars and tanks has announced a restructuring plan to reduce costs