China's Cosco Shipping is evaluating the impact of a move by Peru's government to annual the exclusivity it holds over operations at the new Chancay megaport.Peru awarded exclusivity to Cosco Shipping to operate the port in 2021, but last week said it was an 'administrative error' and requested a judicial process to annul the decision. The Chinese company said in a statement late on Monday the push affects investment security in the Andean nation…
Russia's state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions…
The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments…
China's Cosco Shipping confirmed that investment in Peru's Chancay port continues and that it expects a quick resolution to a pending question over exclusivity rights to the facility, a local executive told reporters on Tuesday.Carlos Tejada…
The U.S. Federal Maritime Commission (FMC) on Friday issued a notice reminding regulated entities that all statutes administered by the agency remain in effect while disruption to regular service at the Port of Baltimore is causing many shippers to adjust supply chain operations…
South African animal welfare organization NSPCA has applauded a Judgment from the Eastern Cape Division of the High Court, Makhanda, affirming the NSPCA’s ability to screen all animals being readied for loading on the Al Messilah livestock carrier which docked in the East London Harbour on April 2…
Ten organizations have joined forces to combat illegal wildlife trafficking through increasing awareness and vigilance across global supply chains.Together, they have produced practical guidelines for all supply chain participants, with advice on measures to take…
Exxon and Canada-based crude pipeline operator Enbridge were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chicago area to refineries in the Midwest and Gulf of Mexico…
2024 marks a milestone in the acceleration of digitalization in shipping that has been brought about by the mandatory requirements for a Maritime Single Window.The requirement under the Convention on Facilitation of International Maritime Traffic…
Two U.S. Congressmen are urging the Federal Maritime Commission (FMC) to finalize the rule on demurrage and detention billing requirements required in their Ocean Shipping Reform Act that became law in 2022.The Ocean Shipping Reform Act was signed into law on June 16…
On May 5, 2023, the White House announced that the Environmental Protection Agency (EPA) was “taking the next step to invest $3 billion in its Clean Ports Program to fund zero-emission port equipment and technology and to help ports develop climate action plans to reduce air pollutants…
Orient Overseas Container Line (OOCL) has reported that there is a suspicious investment software in the market that is using the OOCL logo without authorization.The software claims to offer high returns on investments. However, OOCL has no…
Insurance broker Marsh MMC.N, Lloyd's of London insurers and Ukrainian state banks have launched a programme to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea corridor, Marsh said on Wednesday.Kyiv…
The animal cruelty charges that were brought against livestock export company Emanuel Exports have been dropped by prosecutors in Perth, Australia.Around 2,400 sheep died on the Awassi Express (subsequently renamed the Anna Marra) on a voyage from Fremantle to the Middle East in August 2017…
President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov…
