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US Federal Maritime Commission Creates New Enforcement Structure

Jul 29, 2022

The United States' Federal Maritime Commission (FMC) on Friday announced it creating a new bureau to handle its enforcement and compliance activities. The agency, which is responsible for the regulation of oceanborne international transportation of the U…

Ship Insurers Sail Into Unknown With Ukraine Grain Risks After Deal Reached

Jul 22, 2022

A number of insurance underwriters are interested in providing cover for grain shipments from Ukraine after an agreement was reached to re-open Black Sea ports, although the first shipments are expected to be weeks away, industry sources said on Friday…

Ship Insurers Seek More Assurances on Ukraine Grain Corridor

Jul 20, 2022

Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers say.Russia…

Ocean Shipping Reform Act of 2022: Long Term Fixes, But What’s in It for the Short Term?

Jun 17, 2022

The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. The long term fixes, which require Federal Maritime Commission rule-making, establishes additional requirements requiring the FMC to issue rules related to certain fee assessments…

Biden Signs Ocean Shipping Reform Act Into Law

Jun 16, 2022

President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week…

US House Passes Ocean Shipping Reform Act

Jun 13, 2022

The U.S. House of Representatives approved legislation Monday to improve oversight of ocean shipping, which supporters say will help curb inflation and ease export backlogs. The bill was approved 369-42 and will head to the White House for President Joe Biden's signature…

Biden Urges Congress to 'Crack Down' on Shipping

Jun 09, 2022

U.S. President Joe Biden on Thursday urged Congress to “crack down” on ocean carriers that have raised shipping prices significantly and helped drive up the cost of goods in the country.“One of the reasons prices have gone up is because a handful…

Bangladesh Police Investigating Deadly Container Depot Fire

Jun 08, 2022

Police in Bangladesh on Wednesday opened an investigation into eight officials from a shipping container depot after a blaze killed at least 44 people, including 10 firefighters, and injured around 200 others, officials said.Firefighters put out the blaze at the depot in Sitakunda…

Marine Insurance: Cargo Fires are a Burning Issue for Shipping

Jun 07, 2022

Commercial insurer Allianz Global Corporate & Specialty released its Safety & Shipping Review, an annual analysis of shipping losses and accidents worldwide.  The 2022 report reveals that the maritime sector continues its long-term positive…

Singapore's New Trade Data Sharing Platform Aims to Stem Fraud

Jun 01, 2022

A Singapore trade data sharing platform backed by banks, commodity houses and state firms has signed up 70 participants as part of the city-state's attempts to bolster confidence after a spate of commodity trade finance frauds in recent years…

US Investigates Chinese Companies Over Export Sanction Issues

May 31, 2022

U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration is actively considering adding new Chinese companies to the government's economic blacklist as it investigates what it calls efforts by China to evade U.S. sanctions…

North and Standard Club Members Approve Merger

May 27, 2022

Members of the North and Standard Clubs have voted to approve the merger between the two marine insurance firms, creating one of the largest providers of mutual cover in the maritime industries.The P&I clubs, which revealed plans to merge earlier this year…

Industry Body Calls for More States to Ratify MLC

May 19, 2022

In a statement submitted to the Special Tripartite Committee (STC) meeting held last week, SRI, the international pan-industry body researching maritime and seafarers’ law, called for more States to ratify the Maritime Labor Convention (MLC) to ensure a level playing field in the shipping industry…

Ann Phillips Confirmed as Next MARAD Administrator

May 10, 2022

The U.S. Senate on Tuesday confirmed Ann C. Phillips as Administrator of the U.S. Maritime Administration (MARAD), filling a position that has been left vacant at the Department of Transportation (DOT) since January 2021. Phillips was confirmed by a vote of 75-22…

US Importers Turn to Prayer and the President Ahead of West Coast Port Labor Talks

May 10, 2022

For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and keep retailers stocked with enough Bratz and LOL Surprise! dolls to meet pandemic demand.Asked how he's preparing for this summer's West Coast port labor talks…

Logistics News

Italian Union Files Legal Complaint Against Snam's LNG Terminal

Italian Union Files Legal Complaint Against Snam's LNG Terminal

EVENT: Reuters U.S. Offshore Wind Returns to Boston

EVENT: Reuters U.S. Offshore Wind Returns to Boston

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

Wisconsin Awards $5.3 Million in Harbor Maintenance Grants

'Mega Green Port' Project Planned in Åland

'Mega Green Port' Project Planned in Åland

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