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Government Update

‘Black Box’ Promises to Crack Down on Ship Emissions

© Igor Terekhov / Adobe Stock

The Danish Maritime Association (DMA) has been examining new ways to use digital solutions for collecting and sharing data on ships’ sulfur emissions. Digitalization, DMA says, could be the key to better emissions enforcement.Danish company Litehauz, working under the the DMA led EfficienSea2 project,

US Exports to China to Rise amid Trade Talks, but Volumes are Capped

© donvictori0 / Adobe Stock

China has pledged to buy more U.S. goods to reduce America's huge trade deficit and help avoid exacerbating a trade war between the world's two biggest economies, with energy and commodities high on Washington's list of products for sale.The U.S. trade war with China is "on hold" after the governments

Oil Up as U.S., China hit the Trade War Pause Button

Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world's two biggest economies "on hold". Brent crude futures were at $79.13 per barrel at 0121 GMT, up 62 cents, or 0.8 percent, from their last close. Brent broke through

UAE Signs MoU with ITF to Protect Seafarers

Photo: International Transport Workers' Federation

The International Transport Workers’ Federation (ITF) and the United Arab Emirates (UAE) Federal Transport Authority (FTA) have signed a Memorandum of Understanding to work together to protect the rights of all seafarers operating in UAE waters.On signing the memorandum at the International Maritime Organization (IMO) in London,

Federal Funding for Port of Vancouver

Photo: Vancouver Fraser Port Authority

 The Vancouver Fraser Port Authority received federal funding for projects that will improve the flow of goods to and from the Port of Vancouver.   Through the collaborative efforts of the port authority, Transport Canada, B.C.’s Ministry of Transportation and Infrastructure, TransLink and the Greater Vancouver Gateway Council,

U.S., China Closer on Trade Pact

The United States and China agreed to take measures to reduce the U.S. trade deficit in goods by having China purchase more American goods - particularly agriculture and energy products, according to a joint statement the two nations released on Saturday.   "There was a consensus on taking effective

China to Cut Steel Capacity by 2025

© zjk/Adobe Stock

China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that national demand for the metal is set to decline gradually.   With more than three quarters of firms suffering

EU Ambassadors Visit Peru’s Largest Multipurpose Terminal

Photo: APM Terminals

 APM Terminals Callao hosted an EU delegation of ambassadors representing 12 EU member states. Led by the EU Ambassador in Peru, Diego Mellado, the visit was of special interest as annual trade between the EU and Peru is more than $10 billion, 60% of which are exports from Peru to the EU. The trade

India, Indonesia to Promote Bilateral Cooperation in Maritime

Nitin Gadkari (left) with General (Retd.) Luhut Binsar Pandjaitan. Photo: PIB

 Taking ahead the bilateral relations between India & Republic of Indonesia, Nitin Gadkari, Union Minister for Shipping met General (Retd.) Luhut Binser Pandjaitan, Coordinating Minister of Maritime Affairs of Indonesia, in New Delhi.   Ahead of the visit of the Prime Minister Narendra Modi to Jakarta in May 2018, General (Retd.

ABS Bags Fleetwide Contract with Canadian Coast Guard

(File photo: Canadian Coast Guard)

The Canadian Coast Guard has awarded a contract to ABS to provide classification and certification services for an existing fleet of 114 vessels and future vessel acquisitions.“Last year, ABS was selected as the exclusive classification organization for all non-combatant vessels in service with the Royal Canadian Navy and now,

New Rules on Ship Emissions Herald Sea Change for Oil Market

© xy / Adobe Stock

New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulfur, which is blamed for causing respiratory diseases and is a component of acid rain that damages vegetation and wildlife.

Maersk: Disappointing Q1 Earnings Hit Share Price

(Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political and trade tensions clouded the outlook, sending shares in the world's biggest container shipper sharply lower.Earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to

ADM CFO: Supply Chain Can be Managed Through U.S.-China Trade Tensions

File Image (CREDIT: AdobeStock / © Igor Strukov)

Global grain merchant Archer Daniels Midland Co (ADM)feels it can manage its supply chain to adapt to China's threatened tariffs on imports of U.S. soybeans, Chief Financial Officer Ray Young said on Wednesday.   The Chicago-based company is confident the world's two largest economies will "get through" the trade dispute,

AAPA releases State of Freight III report

AAPA President and CEO Kurt Nagle

Trade Association Releases Freight Report on Multimodal Funding Needs of U.S. Seaports.   In a just-released report, U.S. port authorities identified more than $20 billion in projected multimodal port and rail access needs over the next decade, while one-third cited pressing rail project needs costing at least $50 million for each of their ports.

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