Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed President Donald Trump slapping 145% tariffs on China.Trump quickly reversed course by lowering the rate to 30%. That cost increase on goods from the nation's No.
U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.The U.S. is the world's No.
The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process.The deregistered vessels had been identified for compliance concerns or were listed on sanctions list issued by the US Office of Foreign Assets Control (OFAC), the EU and the UK.
When President Donald Trump sat down to lunch with his Japanese counterpart this month, talk turned quickly to how Tokyo could help realize a decades-old proposal to unlock gas in Alaska and ship it to U.S. allies in Asia.Trump and his energy tsar Doug Burgum framed the venture as a way for Japan to replace Middle East energy shipments and address its trade imbalance with the U.S.
In recent weeks the U.S. Supreme Court has fundamentally changed the ways that laws are interpreted and enforced by federal agencies. These decisions will have far-reaching impacts on heavily-regulated sectors, such as the U.S. maritime industry, potentially altering the balance of power between stakeholders and federal regulators.
SCHOTTEL founder Josef Becker invented the fully steerable rudder propeller, an innovation that continues to shape the maritime industry today.Since its introduction, more than 17,000 SCHOTTEL RudderPropellers have been sold, powering a wide variety of vessels on nearly every major body of water around the globe. This year marks the 75th anniversary of this development.
The Government of Panama rejects the claims made by Mark D. Wallace, CEO of United Against Nuclear Iran (UANI) in recent publications circulated through the media and electronic mail worldwide. Panama, through its Panama Maritime Authority (referred to by its Spanish acronym AMP), the entity in charge of the Panama Ship Registry, as the governing body of the Panamanian maritime sector
Gibraltar-based ship repair and conversion yard Gibdock has completed the repair and renewal of TechnipFMC's Deep Blue, a deepwaer pipelay and subsea construction vessel.TechnipFMC relocated Deep Blue from the U.S. Gulf for the works, also redeploying the asset outside Europe following completion of works.
Increasingly, maritime finance is tied to the environmental impact of the asset or project.Under Zero-Emission Accelerating Ship Finance (the Program), which is jointly operated by the Development Bank of Japan Inc. (DBJ) and ClassNK, ClassNK evaluated the LNG-fueled car carrier OCEANUS HIGHWAY (IMO No. 1046049), owned by Kawasaki Kisen Kaisha, Ltd. ("K" LINE). DBJ provided financing to "K" LINE.
Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said.Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers designed to curb the world No.
SC Ports has expanded its container yard at Inland Port Greer to handle customers' growth.South Carolina Ports is enhancing its intermodal connections in South Carolina with the ongoing expansion of Inland Port Greer and construction of the Navy Base Intermodal Facility.SC Ports is investing to expand Inland Port Greer with more cargo and rail capabilities to support customers’ growth in the
The Federal Maritime Commission is closing one of its two investigations of how Canadian ballast water regulations impact shipping in the Great Lakes, but the remaining investigation will continue to permit the agency to assess if Canadian government policies create unfavorable conditions affecting U.S. flagged vessels operating in the U.S.-Canada trade.