News


EU Demands Compensation for US Steel Tariffs

The European Union is seeking compensation from the United States for U.S. tariffs on steel and aluminium, despite Washington's assertion that they are not subject to World Trade Organization rules, a WTO filing showed on Monday.

TRAC Intermodal Joins Blockchain Initiative

TRAC Intermodal has joined the Blockchain in Transportation Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry, with the goal of bringing together leading companies that are committed to developing blockchain technology.

MINSHIP Boosts Digitalization with DNV GL

MINSHIP Shipmanagement, based in southern Germany, has chosen DNV GL’s ShipManager fleet management software solution for its fleet of dry cargo vessels.MINSHIP is optimizing processes as they are managing a growing fleet.

China to Set up Hainan Free Trade Zone by 2020, Port by 2025

China aims to establish a free trade zone in Hainan by 2020 and will encourage multinationals to set up their international and regional headquarters in the province, state news agency Xinhua reported citing a government document.

Japan, China Agree Trade War Will Harm Global Economy

Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies.

China's Thermal Coal Futures Rally on Tight Import Policy

China's most-active thermal coal futures jumped 2.9 percent on Monday, marking the biggest gain since August 2017, as concerns of tightening the import policy dampened outlook for foreign coal supplies ahead of summer.

CMA CGM, Lekki Port to operate Lekki Port’s future CT

The CMA CGM Group and Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port, announced the signing of a Memorandum of Agreement to operate Lekki Port’s future container terminal.Located in Nigeria,

Authorities team up for S&R Exercise off Perth

 A major search and rescue training exercise has taken place off Rottnest Island in Western Australia yesterdayinvolving both state and federal authorities. Search and rescue crews from the Australian Maritime Safety Authority (AMSA),

APL Adds Port Calls to CP1 Service

 APL, one of the world’s leading ocean carriers,  announced that its China Philippines Express 1 (CP1) service will be making additional calls at the Chinese port of Xiamen and Batangas in the Philippines.

DFDS to Acquire Turkey's Largest RoRo Operator

 Danish shipping and logistics group DFDS has acquired Turkey’s largest operator of Ro-Ro freight ships and will be a major player in the strong and continuously growing trade between the EU and Turkey.

BIMCO applauds IMO for setting emission target

 "The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions, and something that every other industry should look to for inspiration,

Arena Named VP at Shipbuilder

 Huntington Ingalls Industries announced today that Jon Arena has been named vice president and chief counsel of HII’s Newport News Shipbuilding division. He will succeed Jim Gildea, who retired on April 1.