With just two weeks to go for the deadline for Cosco to acquire Orient Overseas International Ltd (OOIL) regulatory hurdles still need to be cleared.
Crowley Maritime Corp’s liner services group announced that it has launched a new feeder shipping service connecting San Juan, Puerto Rico; Rio Haina, Dominican Republic; and St. Croix and St. Thomas in the US Virgin Islands (USVI).
Crowley Maritime Corp has launched a new direct, weekly shipping service from Puerto Plata, Dominican Republic, to Port Everglades, Florida to better serve customers from the Dominican Republic.
The US has indicated that new business activity with Iran after 8 May within the wind-down period could be result penalties under secondary sanctions, and a number of major shipping companies including MSC and Maersk Tankers have stopped taking new Iran business.
Shipowners and commodity traders are now digesting the impacts of President Donald Trump’s widely anticipated announcement that the US would pull out of the six nation accord reached with Iran in 2015. The 2015 agreement with Iran- officially the “Joint Comprehensive Plan of Action” (JCPOA), with the European Union also a participant, saw a rigorous regime of economic sanctions against Iran rolled back.
Underscoring changing trade patterns the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the US to Japan has transited the Panama Canal.
The International Maritime Organization (IMO) looks set to agree Greenhouse Gas (GHG) emission cuts of at least 50% by 2050 as a week of difficult negotiations at the Marine Environment Protection Committee (MEPC) draw to a close.