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Impact & Regulations, Shipping

US-China Deal: What Will It Mean for Tanker Shipping?

January 20, 2020

Via: World Maritime News

The deal has been welcomed across the supply chain as a positive step to ending trade war and further trade tensions among global superpowers. According to BIMCO’s Chief Shipping Analyst Peter Sand, the deal will deliver both trade creation and […]


Impact & Regulations

Maersk CEO: EU Antitrust Rules Hurt European Companies’ Competitiveness

January 20, 2020

Via: World Maritime News

In an interview with Danish business magazine Finans, Skou explained that EU competition rules need to be interpreted in light of the new economic and geopolitical reality. According to Maersk CEO, in the long run, it will hurt consumers if […]


Impact & Regulations

737 MAX report could complicate push for FAA changes

January 17, 2020

Via: Politico

NEW REPORT DEFENDS FAA’S 737 MAX CERTIFICATION: The DOT-commissioned review released Thursday largely exonerated the FAA for its role in developing the Boeing 737 MAX and cautioned against major changes to the agency’s delegation program or certification overall, our Brianna […]


Shipping

Hapag-Lloyd Inks Space Charter Deal with Maersk and MSC

January 17, 2020

Via: World Maritime News

As informed, the space charter deal will give Hapag-Lloyd access to selected services of 2M on the Asia-North Europe trade. “The addition of these services will enable Hapag-Lloyd to offer an even higher frequency of weekly departures and more routing […]


Shipping

Flex LNG Extends Charter for 2018-Built LNG Carrier

January 16, 2020

Via: World Maritime News

With this extension, the firm period under the time charter is until the end of the first quarter of 2021. The charterer also has remaining extension options. The time charter rate is variable as a function of the overall market […]


Shipping

Shanghai Remains World’s Top Container Port

January 16, 2020

Via: World Maritime News

Shanghai has held its top-dog position for the past ten years and aims to lead the way in the future as part of China’s commitment to restoring the Silk Road. The port overtook Singapore back in 2010 as the world’s […]


Shipping

Eagle Bulk Becomes Member of Getting to Zero Coalition

January 15, 2020

Via: World Maritime News

The alliance, comprised of more than 90 companies within the maritime, energy, infrastructure, and finance sectors, is committed to the decarbonization of deep-sea shipping, in line with the International Maritime Organization’s (IMO) greenhouse gas (GHG) emissions reduction strategy and the […]


Shipping

2019 Was a Good Year for US Ports

January 15, 2020

Via: World Maritime News

The Port of Corpus Christi, the 3rd largest port in the United States, said it ended 2019 with record tonnages for December of 13.8 million cargo tons and 122.2 million cargo tons for the entire year — a 16-million-ton improvement […]


Shipping

Shipping’s Big Bang Sends Two Global Industries Spinning

January 14, 2020

Via: Transport Topics

Starting Jan. 1, the vast majority of the world’s ships were forced to change the fuel they use. Some big winners — and potential losers — are starting to emerge from what was a historic switch for the world’s oil […]


Infrastructure, Travel & Public Transit

L.A. Metro clears 5 teams to develop high-speed, high-capacity transit line

January 14, 2020

Via: Metro Magazine

The Los Angeles County Metropolitan Transportation Authority (Metro) cleared five teams to compete for the opportunity to help develop the agency’s massive Sepulveda Transit Corridor Project, an ambitious mega-project that will build a high-speed, high-capacity transit line directly connecting the […]