New bank aimed at shipping market
A team of shipping, offshore and finance professionals have announced plans to establish Maritime & Merchant Bank (M&M), a niche financial institution, based in Norway, that will serve the shipping […]
A team of shipping, offshore and finance professionals have announced plans to establish Maritime & Merchant Bank (M&M), a niche financial institution, based in Norway, that will serve the shipping […]
Digitimes said in the past Apple products had to be first shipped to Hong Kong or Shenzhen, China, to complete the export procedures and then imported back before they could […]
The U.S. Federal Maritime Commission has received three ocean transportation intermediary license applications and a change for review. The FMC received a non-vessel-operating common carrier license application from Zhejiang Sunmarr […]
FMC reviews 3 OTI license applications
The U.S. Federal Maritime Commission has received three ocean transportation intermediary license applications and changes for review.
The U.S. Export-Import Bank will support for a “seven-figure purchase” of two new American agricultural aircraft by Jose Antonio Goncalves Viana, a soybean and corn agribusiness in Brazil. […]
The U.S. Environmental Protection Agency is finalizing a rule that will restrict imports of potentially harmful perfluorinated chemicals that could be used in carpets. The regulation will require […]
U.S. steel imports increased in August compared to July by 13.8 percent, according to preliminary government data reviewed by the American Institute for International Steel (AIIS). “Improved market conditions […]
The Asian Shippers’ Council said an agreement last week by the IMO on mandatory verification of gross weight of containers is unworkable and was not done with what it called “proper […]
The U.S. Transportation Department’s Research and Innovative Technology Administration (RITA) has released about $63 million in grants to 33 University Transportation Centers (UTCs) to advance research and education programs […]
U.S. and Japanese officials conducted thorough on-site audits to ensure that their organic programs’ regulations, quality control measures, certification requirements, and labeling practices were compatible.
IMO Secretary General Koji Sekimizu said ocean shipping is “the world’s only really reliable, global, cost-effective and energy-efficient mass transportation method for energy, materials, foods and industrial products.”
The bulk carrier Nordic Orion, loaded with metallurgical coal in Vancouver, British Columbia, completed a successful voyage through the Northwest Passage earlier this week. The Norway-based Bellona Foundation […]
The U.S. and Iraqi governments on Wednesday reaffirmed their strategic partnership during a meeting of the Services, Technology, Environment and Transportation Joint Coordination Committee (STET JCC) in Washington. […]
Shippers urge early talks for U.S. West Coast longshore labor contract. Contract negotiations between employers and longshoremen on the U.S. East and Gulf coasts were protracted and fractious in 2012-2013, with […]
The time is now for American shippers, especially those bringing significant volumes of goods in containers through West Coast ports from Asia, to consider contingency plans if the International […]
Drewry said its study, Reefer Shipping Market Review and Forecast 2013/14, found the containership mode is forecast to provide in excess of 94 percent of overall reefer tonnage within the […]
The Solar Energy Industries Association (SEIA) has offered an industry-based compromise between the U.S. and Chinese solar industries, which it said could serve as the centerpiece for “a fair, negotiated […]
The United States and Mongolia on Tuesday signed an agreement to improve transparency on mutual issues concerning trade and investment at a ceremony in New York. The U.S.-Mongolia Transparency Agreement […]
The shipping newspaper Lloyd’s List, which claims to be the world’s longest-published newspaper, will stop publishing a paper version and become a totally electronic service on Dec. 20. […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service will allow, under certain conditions, the import of commercial shipments of litchi fruit and mangoes from Australia into […]
Sandra “Dee” Lord has joined the U.S. International Trade Commission as an administrative law judge (ALJ). Lord will manage litigation, preside over evidentiary hearings, and make initial determinations […]
Christie New Jersey Gov. Chris Christie has vetoed a bill aimed at making it more difficult to classify drayage and parcel delivery drivers as independent contractors. In his […]
“Fire protection systems have not yet realized that cargo is now transported in containers, as it has been for the last 30 or 40 years. Crews do not have the […]
The so-called “BRIC” countries of Brazil, Russia, India and China are still generating attractive cargo growth, says the current edition of Drewry’s Container Insight Weekly. “Container traffic loaded […]
Speakers at the meeting of the International Union of Marine Insurance in London last week, warned that as use of low-sulfur fuel in ships increases, the likelihood of chronic engine […]
Draft amendments to require mandatory verification of gross weight of containers under the SOLAS convention were agreed to on Friday by the IMO’s Subcommittee on Dangerous Goods, Solid Cargoes and Containers.
The United States announced the country-specific and “first-come, first-served” in-quota allocations under its tariff-rate quotas (TRQs) on imported raw cane sugar, refined and specialty sugar and sugar-containing products for fiscal […]
The Guysborough district has finalized the sale of waterfront lands in Melford, Nova Scotia, where Melford International Terminal Inc. (MITI) and its partner Maher Terminals are planning to build a box terminal.
The so-called “Maritime Goods Movement Act for the 21st Century” was developed to eliminate incentives for shippers to bypass U.S. ports and move their goods through Canada and Mexico ports instead.
The International Air Cargo Association said the new regulations, which take effect on July 1, 2014, fall outside industry goals of “a common, unified approach to global security standards.”
Matson said it, not its customers or Hawaii taxpayers, will cover the costs associated with the Honolulu Harbor molasses spill response. On Sept. 10, Matson said a leak […]
The International Maritime Organization’s Subcommittee on Dangerous Goods, Solid Cargoes and Containers will meet in London this week to consider competing proposals to require verification of container weight prior […]
President Obama has nominated Paul “Chip” Jaenichen Sr., of Kentucky, to be administrator of the Maritime Administration. Jaenichen was named the acting administrator in June, following the resignation […]
The shipping company said the Icelandic Competition Authority exercised a dawn raid at its premises last week “on the basis of a ruling” from Reykjavík District Court. Eimskip received no […]
The U.S. Department of Agriculture will lead a trade mission to promote U.S. agricultural trade and investment in sub-Saharan Africa, Sept. 16-20. The trade mission launches USDA’s Sub-Saharan […]
Former Maritime Administrator William Schubert testified before Congress that “perhaps nothing is more important to the viability of the privately owned U.S. flag commercial fleet than adequate cargo preference […]
A major rift between groups representing shippers has developed over proposals requiring verification of container weights prior to loading. The proposal is to be considered next week at […]
Capital Product Partners L.P., an Athens-based company whose securities are listed on NASDAQ, said it had acquired three 5,023-TEU containerships — the CCNI Angol, Hyundai Privilege and Hyundai Platinum […]
As much as 1,400 tons of molasses, or about 233,000 gallons of the liquid, may have entered the Honolulu Harbor, triggering a massive fishkill. Matson located a leak in […]
This year the port has seen 300 post-Panamax ships call and port CEO Jim Newsome said once the Panama Canal opens up, he expects the size of “work horse” ships […]
NCBFAA official warned FMC’s initiative “would – if implemented – significantly increase unnecessary burdens and expense on OTIs, raise significant due process concerns and create needless administrative burdens on the agency’s […]
U.S. small businesses currently exporting to the European Union will have the opportunity to voice their concerns on existing EU trade barriers through a series of cross-country roundtables arranged by […]
The U.S. Trade and Development Agency has awarded a grant for technical assistance to support the Colombian Ministry of Transport in its efforts to develop a plan to implement […]
U.S. steel exports increased in July 2.2 percent over June, according to government data analyzed by the American Institute for International Steel. “NAFTA steel demand improved in July […]
“With the tolls going up as much as they did and the prospect of them continuing to go up, it was vital that the terminal be able to do something […]
Nexus Consulting of Alexandria, Va., said the attacks were carried out by a terrorist group calling itself Al-Furqan and its followers are “seeking to disrupt the canal with extreme means, including deadly […]
Improperly weighed boxes present safety hazards for ships, their crews, other cargo on board, workers in port facilities handling containers, and on roads. These containers also lead to incorrect ship stowage and accidents.
Balder, a self-unloading bulk carrier owned by the Norwegian shipping company Torvald Klaveness and managed by CSL, has become the first vessel to operate in the U.S. Emissions Control […]
In its Outlook for U.S. Agricultural Trade released Thursday, the U.S. Department of Agriculture forecasts that agricultural exports will reach $140 billion in fiscal year 2013. If realized, […]
The U.S. International Trade Commission has started an investigation to examine a wide range of Indian policies that allegedly discriminate against U.S. trade and investment. The investigation, Trade, […]
The U.S. Export-Import Bank has authorized $1.5 billion in export financing for a pair of transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico’s national […]
CargoWise, a technology solutions provider to logistics service providers, said CMA CGM Logistics will adopt ediEnterprise through WiseCloud across its offices in 50 countries over the next 18 months, […]
The United States and Uruguay this week signed a memorandum of understanding to enhance trade facilitation between the two countries. Uruguay is an important emerging trading partner for the […]
Washington state senators introduce bill for a new maritime goods user fee. By Chris Dupin U.S. Sens. Patty Murray and Maria Cantwell said they will introduce legislation when the Senate […]
As Thomas Edison is to the light bulb, Henry Ford to automobile manufacturing, Fred Smith to express shipping, and Jeffrey Straubel to electric cars, Jeff Bezos’ lasting impact may […]
The big four global container terminal operators remain PSA International, Hutchison Ports, APM Terminals and DP World, but with varying levels of activity according to Drewry’s Annual Review of […]
Since the death of its founder, John “Jock” Menzies, on Aug. 17, the board and staff of the American Logistics Aid Network have vowed to continue efforts to guide and […]
U.S. steel imports increased 0.6 percent in July compared to June, according to preliminary data released by the federal government and analyzed by the American Institute for International Steel […]
The recently-approved contract between employers and the ILA encouraged retirement of some older longshoremen with a buyout package, and 300 longshoremen will retire in the Port of New York and […]
A new study says that increasing the depth of the shipping channels in the lower Mississippi River to 50 feet could create thousands of new jobs and billions of […]
To address public health concerns, the Trans-Pacific Partnership has proposed a regulation for trade in tobacco. “This proposal will, for the first time in a trade agreement, address […]
The Federal Maritime Commission said that on July 25 it revoked the ocean transportation intermediary license of Transporte Medrano, Inc., doing business as Medrano Express. “Medrano Express is […]
The new DFW Connector, which is tied to the large Dallas/Fort Worth International Airport complex, officially opened for service Wednesday. The roadwork was part of a $1 billion project […]
“To put this growth into context, the 186 million TEUs which this growth represents is the equivalent of the entire throughput of all Chinese ports in 2012. Or to put […]
“This convention is a milestone in maritime history,” said ILO director-general. “The product of tripartite dialogue and international cooperation, it enables decent working and living conditions for seafarers.”
“We are concerned that in using the trade laws to disrupt a number of legitimate, responsible and long-term supply relationships, the ITC has allowed domestic industry OCTG producers to misuse […]
Shipping industry analysts at the brokerage firm Jefferies wrote in a new research note that they “see risk of new shipbuilding orders delaying the recovery of the shipping industry […]
Senators Patty Murray and Maria Cantwell are proposing to replace the tax with the “Maritime Goods Movement User Fee,” which would apply to all entry points for U.S.-bound cargo, […]
A.P. Moller-Maersk reported a profit of $856 million in the second quarter ending June 30, 11 percent less than the $965 million earned in the second quarter of 2012. […]
The Suez Canal Authority said 68 ships crossed the canal with a record total load of 4.8 million tons on August 9, but concerns are rising about the impact […]
The National Industrial Transportation League has requested assistance from the U.S. Government in obtaining clarifications on a value-added tax being imposed by the Chinese government.
A showdown could be in the works next month over who has the right to repair chassis used to move containers to and from marine terminals. The International […]
Seaspan Corp., which builds containerships and charters them to liner companies, said it will build and charter 10 additional 14,000-TEU ships to Yang Ming. In January, Seaspan said […]
The Diamond State Port Corp., which operates the Port of Wilmington, Del., and Dole Food Co. said they have reached a deal for Dole to continue to use the […]
Members of the International Longshoremen’s Association (ILA) in the Port of Hampton Roads voted 520 to 483 on Monday to reject the terms and conditions of a new local […]
CSAV, the Chilean container shipping company, said that its board on Tuesday approved plans to sell, then lease back, two 6,500-TEU containerships. It said “the transaction is in […]
The Fairview Container Terminal at the Port of Prince Rupert in British Columbia is adding a fourth container crane, even as a member of the U.S. Federal Maritime Commission questioned […]
The United States and an economic bloc of five East African countries have agreed to launch formal negotiations on a trade facilitation agreement, announced U.S. Trade Representative Michael Froman […]
Shipments of coal on the Great Lakes reached 2.9 million tons in July, an increase of 2.5 percent over June, and a jump of 7.3 percent compared to a year ago, […]
Starting Aug. 19, trucks entering the secure area of a marine terminal in the Port of New York and New Jersey, must be registered in the port’s drayage truck registry (DTR) […]
Pritzker U.S. Commerce Secretary Penny Pritzker will lead her first business development mission to Mexico City and Monterrey, Mexico from Nov. 18-22. The mission’s purpose is to strengthen the […]
Nie Lijuan, deputy secretary-general at the China Association of the National Shipbuilding Industry (CANSI), said the goal is to “ease the supply glut of low-end ships and boost technology competence in producing […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has expanded the market for California table grapes to include Western Australia. The addition of Western Australia […]
The county has been promoting development of the Jasper Ocean Terminal for many years on the north bank of the river, on land that was used by the Georgia Ports […]
The U.S. Trade and Development Agency and George Washington University signed a memorandum of understanding establishing a partnership to develop the Global Procurement Initiative: Understanding Best Value. The […]
Senate confirmation was reached Friday on three key U.S. Commerce Department posts. Ellen Herbst was confirmed as Commerce assistant secretary for administration and chief financial officer. She has […]
Two Democratic Capitol Hill lawmakers from New York, Sen. Kirsten Gillibrand and Rep. Jerrold Nadler, introduced legislation Thursday that they said will “update federal law to ensure that ports can […]
Roanoke Trade Services is advising freight forwarders and property brokers that they need to “re-comply” with new permitting and bonding mandate put forth in the 2012 highway reauthorization bill, known […]
GSP is designed to promote economic growth in the developing world by providing preferential, duty-free entry for up to 5,000 products when imported from one of 127 designated beneficiary countries […]
A value-added tax (VAT) will be applied to transportation and logistics services throughout China, starting today, Aug. 1. “In 2012, China reformed its existing VAT system by integrating the […]
Several environmental groups have filed a lawsuit in federal court against the Coast Guard and Port Authority of New York and New Jersey, challenging a permit amendment authorizing the raising […]
Chinese solar panel suppliers on Saturday agreed to a voluntary price undertaking where they commit to stop dumping their products on the European market and keep prices above a certain […]
U.S. steel imports declined 14 percent in June compared to May, according to preliminary government data recently analyzed by the American Institute for International Steel (AIIS). “The decline in […]
Gerard J. Coyle, vice president of environmental and sustainable operations for Evans Delivery Co., said at a House field hearing that “the New York City Metropolitan area has some of […]
The U.S. Food and Drug Administration has published its proposed regulations to implement its Foreign Supplier Verification Program (FSVP) and third-party auditor accreditation under the Food Safety Modernization Act […]
The U.S. International Trade Commission said the four-year-old Earned Import Allowance Program (EIAP) is not providing enough incentives to help boost the competitiveness of Dominican apparel exports in the […]
The American Maritime Partnership (AMP) said it opposes legislation introduced by Puerto Rico Resident Commissioner Pedro Pierluisi to relax the U.S.-build requirement of the Jones Act for bulk vessels operating […]
Puerto Rico’s representative to the U.S. House of Representatives said he has introduced legislation that would exempt vessels carrying fuel, agricultural products and other bulk cargo from provisions of […]
Effective August 1, the per container charge with a destination within 260 miles of the Port of New York and New Jersey will be reduced to $94 from $100 […]