Shipping in the crosshairs of US sanctions
Photo: Pixabay Barry Parker | Sep 21, 2020 Sanctions on trade have become a critical component in the toolkit of US foreign policy professionals, with the shipping business, at all levels, increasingly caught in the crosshairs. The law firm Watson Farley Williams (WFW), a specialist in maritime law, in the first of a seven part series…
People on the move - Julian Thomas takes key Maersk post in South America
News16 Sep 2020by WCN Editorial Further changes at Höegh Autoliners; changing the guard at ports of Tauranga and San Diego; Contrecoeur, Montréal appointment; changes at Geodis Americas Julian Thomas. (Photo: Datamar) Julian Thomas has become the new president of the Maersk Group in Brazil, Argentina, Uruguay, and Paraguay. He previously served as Managing Director of the shipping…
Pelosi tells Brexiteers UK can forget US trade deal if EU denied role
US House of Representative Speaker Nancy Pelosi, a strident opponent of the US President, said that if the UK does not allow EU oversight of intra-British trade with Northern Ireland, then a trade deal with the US would not be ratified by a Democrat controlled house. UK Prime Minister Boris Johnson is facing a…
Nigerian law makers want ocean liners to explain 'illegal' charge
THE Nigerian House of Representatives Committee on Ports and Harbours is seeking European shipping lines to clarify a 400 per cent illicit peak season surcharge (PSS), reports the Lagos New Telegraph. The surcharge was imposed by the European Community Shipowners Association (ECSA) without notifying the Nigerian Shippers Council (NSC). The House of Representatives said…
Loss of US bilateral shipping tax accord no big deal say HK port interests
HONG KONG remains an attractive place for the shipping industry to prosper, according to the city’s Transport and Housing Bureau, despite the US decision to end its 1989 bilateral shipping tax agreement. Hong Kong will be able to support the sustainable development of the maritime industry, said the Transport and Housing Bureau in an…
Congress Responds to COVID19 and Other Challenges for the Maritime Industry
© Sono Creative/AdobeStock In response to the worldwide COVID-19 pandemic, the Congressional Research Service released a report that stated global economic growth has declined by 3% to 6% in 2020 with a partial recovery predicted for 2021. Also, the GDP of the U.S. has fallen by 5% in the first quarter 2020. According to the…
US antitrust authorities probe liners' blanked sailings tactics
Splash Extra: US antitrust authorities probe liners’ blanked sailings tactics
New public procurement rules to hit Chinese crane suppliers to Indian ports
in Port News 27/07/2020 Chinese dominance over the supply of cargo-handling cranes to Indian ports will be hit by the government’s decision late on Thursday to impose restrictions on vendors and service providers from countries with which it shares land border, in tenders for government procurement. The order will also deter state-owned oil firms from hiring crude…
HPH Trust silent on Hong Kong’s prospects
News27 Jul 2020by WCN Editorial Will China’s new national security law have much of an impact on Hong Kong’s container volume? Hutchison Port Holdings Trust (HPH Trust) has just released its financial results for the period ending 30 June 2020. In terms of throughput, the key highlight is that YTD June 2020 throughput was 8% below…