Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled to hire vessels to carry the country’s oil due to U.S. sanctions, according to company documents seen by Reuters…
Lebanese authorities have arrested 16 people in an investigation into the Beirut port warehouse explosion, state news agency NNA said on Thursday, and a judicial source and local media said the port's general manager was among those being held…
Initial investigations into the Beirut port blast indicate years of inaction and negligence over the storage of highly explosive material caused the explosion that killed more than 100 people, an official source familiar with the findings said…
In response to the worldwide COVID-19 pandemic, the Congressional Research Service released a report that stated global economic growth has declined by 3% to 6% in 2020 with a partial recovery predicted for 2021. Also, the GDP of the U.S. has fallen by 5% in the first quarter 2020…
Pennsylvania Governor Tom Wolf announced that the state's Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania ports, will be extended through 2022…
The Jones Act has no significant impact on the cost of living in Hawaii, according to a recent report produced by economists from Boston based Reeve & Associates (Reeve) and Hawaii based TZ Economics.“The Impact of the Jones Act on Hawaii” also found that freight rates in the U…
Seven months after the United Nations' shipping agency brought in hotly anticipated new rules to curb emissions, the raft of technical issues and leap in fuel prices that were expected to result have failed to materialize, ING Bank said on Tuesday…
The Isle of Man Ship Registry has retained its place within the United States Coast Guard’s QUALSHIP 21 program, designed to recognize foreign-flagged vessels that maintain the highest safety and quality standards.Isle of Man Ship Registry director…
The Dubai Maritime City Authority (DMCA) announced it is allowing crew changes to resume across all ports and anchorage areas in the region after crew changes in the major global shipping hub had been paused due to the coronavirus outbreak.Since the beginning of the COVID-19 pandemic…
The Freight Unit of the National Vehicle Crime Intelligence Service (NaVCIS) has been involved in numerous theft cases related to cargo crime in the UK; most recently acting to recover £200,000 ($252,000) of stolen goods. Through the recent period of lockdown in the U…
Shipping group CMA CGM said on Wednesday it was suspending timber exports from Gambia due to suspected trafficking of rosewood in the West African country.Demand for furniture in China has led to widespread felling of rosewood in West Africa in recent years…
European lawmakers agreed on Tuesday to include international carbon emissions from the maritime sector in the EU carbon market, targeting an industry that does not yet pay for its pollution.They also called for binding targets for shipping…
The U.S. Energy Department on Monday approved the export of up to 1 billion cubic feet per day of liquefied natural gas from a proposed terminal in Oregon, a move it said would ease U.S. sales of the fuel to Asian markets.The approval advances…
The Ports, Customs and Free Zone Corporation (PCFC), in cooperation with Dubai Maritime City Authority (DMCA), have launched the Marine Agency to oversee wooden dhow ships and regulate all their activities while they’re in Dubai waters. The…
Port states benefit greatly from the vessels that call at their ports, loading and unloading cargoes with great efficiency and speed. The items manufactured in those states and sold overseas keep many of their citizens gainfully employed. The…
