If the United States implements trade sanctions including tariffs then all outcomes of the China-U.S. trade talks will be void, state news agency Xinhua said on Sunday following high-level trade discussions in Beijing.China is willing to increase…
Containership owner operator Seaspan Corporation has announced that Fairfax Financial Holdings Limited, through certain subsidiaries, has entered into a definitive agreement to invest an additional $500 million of equity in Seaspan through the exercise of two tranches of warrants…
The European Union's plans to hit back at new U.S. tariffs on EU steel and aluminium exports include hiking duties on a range of imports from the United States, from blue jeans and rice to the proverbial kitchen sink.In eight closely typed pages…
UK-based BMT Nigel Gee and Dutch- based superyacht builder Oceanco have signed a strategic partnership for the formation of a new naval architecture and engineering company—Lateral Naval Architects Ltd. Lateral will provide high quality naval…
Euroseas announced that it has completed the spin-off of its drybulk fleet into EuroDry Ltd. Euroseas shareholders received one EuroDry Ltd share for every five shares of the Company they owned. A press release from the owner and operator…
Canada will impose retaliatory tariffs on C$16.6 billion ($12.8 billion) worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday…
John “Jack” J. Gallagher, a maritime industry veteran and environmental services pioneer, passed away on Monday at the age of 89.Jack’s greatest professional passion was his work as a Spill Manager/Qualified Individual, a role in which he had few peers…
The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods…
U.K. based marine services contractor Inchcape Shipping Services Holdings Limited and several of its subsidiaries have agreed to pay $20 million to resolve allegations that they violated the False Claims Act by knowingly overbilling the U.S…
French President Emmanuel Macron on Wednesday said it was time for the world's biggest economic powers to start talks on reshaping World Trade Organization rules to prevent current tensions spiraling into trade wars.Macron's comments before…
A Danish court on Wednesday sentenced the former manager of OW Bunker's Singapore subsidiary to 18 months in prison after he was found guilty of granting credit outside his mandate, contributing to the bankruptcy of the marine fuel oil supplier…
Canadian Pacific Railway conductors and locomotive engineers on Friday rejected the company's latest contract offer, with their union saying negotiations would resume and raising the prospect of another possible strike at Canada's second-largest railroad…
Crowley Maritime Corp. has announced that Tim Bush has been promoted to vice president and deputy general counsel. In his new position, Bush will help support the company’s growth as a provider of solutions for the U.S. government and various public-sector agencies…
A U.N. monitoring group wants to enlist the help of the world's biggest oil trading companies to enforce sanctions that cap the amount of crude and related products North Korea can import, the coordinator said.The U.N. Security Council ramped…
Britain's Inmarsat will lose its monopoly in maritime safety communications after the International Maritime Organization gave Iridium and China's BeiDou Navigation Satellite System the green light to develop competing systems.Inmarsat's shares fell as much as 14 percent after U…
