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Government Update News

 

IMO Postpones Meetings Due to COVID-19

Mar 09, 2020

The International Maritime Organization (IMO) has postponed a number of meetings following the global coronavirus outbreak.London-headquartered IMO said the move takes into account the decision of the UK on March 5 to move toward the 'delay'…

US Considers Discouraging Cruise Travel

Mar 06, 2020

The United States is considering ways to discourage U.S. travelers from taking cruises as part of a broader Trump administration effort to limit the spread of coronavirus, according to four officials familiar with the situation.The officials…

The Maritime Industry and COVID-19

Mar 03, 2020

The COVID-19 epidemic, which was first called the novel Coronavirus and then the 2019-nCoV, is spreading fast around the world.  It is more contagious than the 2002 SARS outbreak, its cousin, but not as lethal.  Unfortunately, its impact on…

US Offering $225 Mln for Ports Infrastructure

Mar 02, 2020

The U.S. Department of Transportation (DOT) announced a Notice of Funding Opportunity (NOFO) to apply for $225 million in discretionary grant funding through the Port Infrastructure Development Program (PIDP).“America’s ports are a critical…

France and Italy Christen Naviris

Feb 27, 2020

The intergovernmental agreement signed between French and Italian States to establish Naviris, the joint-venture (JV) between the shipbuilders Naval Group and Fincantieri.This agreement makes the long term alliance launched by these two industrial Groups fully operational…

Anatomy of a Marine Casualty Investigation

Feb 18, 2020

Blank Rome’s maritime attorneys have represented clients in some of the largest maritime casualties in the last 20 years, including the Staten Island Ferry allision with a maintenance pier in New York, the blow out and eventual loss of the Deepwater Horizon drilling rig in the Gulf of Mexico…

US Ports Get More Than $280 Mln in MARAD Grants

Feb 14, 2020

The U.S. Department of Transportation’s (USDOT) Maritime Administration (MARAD) announced that it has awarded more than $280 million in discretionary grant funding through the new Port Infrastructure Development Program. This funding is designed…

JAXPORT Gets $93m for Harbor Deepening

Feb 11, 2020

The federal government allocated $93 million for the next phase of deepening the Jacksonville shipping channel to 47 feet from its current depth of 40 feet. Of the total $93 million investment, $57,543,000 is included in the U.S. Army Corps of Engineers’ Fiscal Year 20 Work Plan…

Iran, Syria Ink Maritime Agreement

Feb 09, 2020

Iran and Syria have signed an agreement on mutual maritime cooperation during  the sixth round of joint maritime committee meeting on the maritime and port cooperation.The Managing Director of Iran's Maritime and Port Organization (PMO) Mohammad Rastad…

India Approves $9Bn Deepsea Port Plan

Feb 06, 2020

Indian government has green-lighted a mega container port, to be constructed at a cost of INR655.45bn ($9.2bn) at Vadhavan, around 160 km north-west of Mumbai.The proposal to create the huge port – on a ‘landlord model’ – was cleared at a Union…

US Trade Deficit Narrows for First Time in Six Years

Feb 06, 2020

The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment…

Loggers, Food Exporters Impacted From China's Virus

Feb 04, 2020

The economic impact of China's coronavirus lockdown is being felt across the globe, with exporters, miners and manufacturers of everything from coal and timber to meat and fruit facing delays and potential shipment cancellations.As the most…

USMMA Board of Visitors to Convene

Feb 01, 2020

U.S. Transportation Secretary Elaine L. Chao has announced the U.S. Merchant Marine Academy’s (USMMA) new 16 member Board of Visitors will convene for the first time at Kings Point on Monday, February 3 at 9:00 a.m. (click here for additional information)…

US Lifts Sanctions on COSCO's Dalian Unit

Jan 31, 2020

The United States on Friday lifted sanctions on one of two units of the Chinese tanker company COSCO, the U.S. Treasury said, partially reversing its punishment on the company for transporting Iranian oil after China complained about the measure in trade talks with Washington…

IMO2020: Low Sulfur Fuel Potential Pitfalls

Jan 31, 2020

(This is excerpted from Maritime Reporter & Engineering News' January 2020 'The Path to Zero' column.)Are the world’s ships’ engines ready for IMO compliant very low sulfur fuel?  That’s a wide open question as ship owners step to the end of the preparatory gang-plank on January 1…

Logistics News

Ground Breaks on New Delaware Container Terminal

Ground Breaks on New Delaware Container Terminal

European Wheat Rises As Black Sea Disruptions Continue

European Wheat Rises As Black Sea Disruptions Continue

COLI Antwerp Completes Four Cargo Shipments in Across Eight Countries

COLI Antwerp Completes Four Cargo Shipments in Across Eight Countries

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

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Farm groups in Ukraine say that Ukraine is considering ship insurance as a way to boost food exports.
Sources say that Saudi Arabia offers to load more crude oil via Oman after the pipeline attack.
Fuel prices are a concern for Norfolk Southern in the third quarter, despite gains in freight share.