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International Trade News

26 Feb 2024

New Agreement to Kickstart Salem Offshore Wind Terminal

(Image: Crowley)

The Massachusetts Clean Energy Center (MassCEC), Crowley Wind Services and the City of Salem announced the transfer of ownership and an agreement for site improvements and ongoing operations for the Salem Offshore Wind Terminal.The agreement will kickstart the transformation of the site into the second port built specifically to support the construction of offshore wind farms in Massachusetts. The Salem Offshore Wind Terminal will also support the construction and installation…

21 Feb 2024

ARC Keeps the Cargo Rolling

Flags on M/V ARC Defender.
Image courtesy ARC

With a fleet of nine U.S.-flag RoRo ships, American Roll-On Roll-Off Carrier Group (ARC), is the U.S.’ premier commercial RoRo carrier of U.S. government and military cargo. As the world becomes an increasingly contentious place, Eric P. Ebeling, President & CEO, ARC, discusses the vast capabilities of the ARC fleet and logistics network, as well as the challenges and opportunities ahead for U.S.-flag ships in the international trade.By the numbers’ is a simplistic means to gauge the size and shape of any shipping company…

11 Feb 2024

FMC Mulls Investigation into Suez and Panama Canal Impacts

© Pabkov / Adobe Stock

The US Federal Maritime Commission (FMC) held an informal public hearing examining impacts from attacks on merchant shipping in the Red Sea and Gulf of Aden on February 7.Opening the hearing, Commissioner Carl Bentzel, voiced concern about safe access through both the Suez and Panama Canals.“What is at stake is severe international economic disruption. The United States is still recovering from the aftershock of the pandemic induced supply chain disruption that that saw 30% increases…

26 Jan 2024

China Presses Iran to Rein in Houthi Attacks in Red Sea

© icholakov / Adobe Stock

Chinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing, four Iranian sources and a diplomat familiar with the matter said.The discussions about the attacks and trade between China and Iran took place at several recent meetings in Beijing and Tehran, the Iranian sources said, declining to provide details about when they took place or who attended."Basically, China says: 'If our interests are harmed in any way, it will impact our business with Tehran.

25 Jan 2024

Panama Canal Appoints Chief Sustainability Officer

Ilya Espino de Marotta (Photo: Panama Canal Authority)

The Panama Canal announced that Deputy Administrator Ilya Espino de Marotta will now also serve as the Canal’s first Chief Sustainability Officer (CSO).As CSO, Espino de Marotta will spearhead the development of a comprehensive sustainability strategy focused on decarbonization, adaptation, and transition. Working with the International Finance Corporation (IFC), part of the World Bank Group, the Canal is already in the process of finalizing an inventory of its greenhouse gas (GHG) emissions and aims to complete a climate risk assessment by the end of the year.

22 Jan 2024

Red Sea Shipping Attacks Pressure China's Exporters

© ABCDstock / Adobe Stock

For Chinese businessman Han Changming, disruptions to Red Sea freight are threatening the survival of his trading company in the eastern province of Fujian.Han, who exports Chinese-made cars to Africa and imports off-road vehicles from Europe, told Reuters the cost of shipping a container to Europe had surged to roughly $7,000 from $3,000 in December, when Yemen's Iran-aligned Houthi movement escalated attacks on shipping."The disruptions have wiped out our already thin profits…

22 Jan 2024

Suez Canal Authority Carries Out Repairs to Missile-hit Vessel

(Photo: Suez Canal Authority)

Egypt's Suez Canal Authority said on Monday it had conducted repair work on a missile-hit Greek dry-bulk carrier, highlighting its readiness to restore damaged ships passing through the Red Sea.The Malta-flagged, Greek-owned vessel Zografia had berthed at a floating dock of the authority-affiliated Suez Shipyard Company for repairs after the ship's hull and some components sustained external and internal damage in a Jan. 16 attack by Yemeni Houthi forces.The vessel was sailing…

18 Jan 2024

China’s Ministry of Commerce Offers Foreign Trade Support

© Igor Groshev / Adobe Stock

China's Ministry of Commerce said it was closely tracking developments in the Red Sea in response to the escalating situation there and the country would provide support and assistance to foreign trade enterprises."It is hoped that all parties concerned will restore and ensure the security of shipping lanes in the Red Sea waters," a spokesperson for the ministry said in a statement late Thursday.The ministry said it hopes all parties jointly safeguard the smooth flow of global production and supply chains and the normal order of international trade.(Reuters - Reporting by Bernard Orr and Shang

03 Jan 2024

Top Industry Organizations Thank 12 Nations

© FER737NG / Adobe Stock

The World Shipping Council, International Chamber of Shipping and BIMCO have expressed their thanks to the 12 nations that have jointly condemned the ongoing illegal attacks on ships in the Red Sea and unlawful detention of vessels and crews there.“As the governments of the United States, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, Netherlands, New Zealand, and the United Kingdom have all stated, these attacks are unacceptable, illegal and directly threaten the freedom of navigation that is fundamental to global trade…

18 Dec 2023

Ask What Your Government Can Do For Your Industry (A 2023 Retrospective)

© rrodrickbeiler / Adobe Stock

John F. Kennedy’s famous locution, “Ask not what your country can do for you, but you can do for your country” remains the rallying call for civic action and public leadership. The message remains foundational to the success of the United States, particularly as we head into an election year that once again appears to be filled with divisiveness and vitriol. That said, before we flip the calendar, it is important to set JFK’s message aside for a moment and reflect upon what our political leadership in Washington…

13 Dec 2023

Tacoma, Seattle Ports Ink Deals for Navigation Improvement Projects

(Photo; The Northwest Seaport Alliance)

Pacific Northwest seaports Seattle and Tacoma have signed design agreements with the U.S. Army Corps of Engineers (USACE) for a pair of waterway navigation improvement projects.The Seattle Navigation Improvement Project, authorized by Congress in 2018, and the Tacoma Harbor Navigation Improvement Project, authorized in 2022, are part of a comprehensive modernization initiative for The Northwest Seaport Alliance (NWSA) gateway that began nearly a decade ago.Containerships navigating in the trans-Pacific trade are increasing in size…

06 Dec 2023

Singapore, Los Angeles and Long Beach Develop Plans for Green Corridor

Photo courtesy of the Port of Los Angeles.

At COP28, the Maritime and Port Authority of Singapore (MPA), Port of Los Angeles and Port of Long Beach unveiled a strategy for a green and digital shipping corridor across the Pacific Ocean.The strategy follows the signing of a memorandum of understanding by MPA, Port of Los Angeles and Port of Long Beach during Singapore Maritime Week in April 2023. The signing formalized the partnership, which is supported by C40 Cities, with the aim of establishing a green and digital shipping…

20 Nov 2023

Hijacked Galaxy Leader Ship in Yemen's Hodeidah Port Area

(Photo: Screenshot from video shared by Yemeni Armed Forces)

The Galaxy Leader commercial ship was "illegally boarded by military personnel via a helicopter" on Nov. 19 and is now in the Hodeidah port area in Yemen, the vessel’s owner said on Monday."All communications were subsequently lost with the vessel," Isle of Man registered Galaxy Maritime Ltd, owner of the pure car carrier Galaxy Leader, said in a statement."The company, as a shipping concern, will not be commenting further on the political or geopolitical situation."Yemen's Iran…

01 Nov 2023

Colonna's Shipyard's President & CEO Tom Godfrey to Retire. New CEO Named

Tom Godfrey - Credit: Colonna's Shipyard

Colonna's Shipyard said Wednesday that its President & CEO, Tom Godfrey, would retire effective December 31, 2023. Randall Crutchfield has been named to replace Godfrey as the company’s Chief Executive Officer (CEO). Crutchfield is currently Executive Vice President & Chief Operating Officer (COO). Additionally, Jordan Webb, currently Executive Vice President of Shipyard Operations, will become President & General Manager. Both appointments are effective January 1, 2024.“Randall…

17 Oct 2023

US Bolsters Its Sealift and Tanker Support Fleets

The United States has bolstered its fleet of U.S.-flagged sustainment sealift vessels and product tankers to support the Department of Defense (DoD) during times of armed conflict or national emergency.The U.S. Department of Transportation’s Maritime Administration (MARAD) in recent months has been building up fleets of commercial vessels under its Maritime Security Program (MSP) and Tanker Security Program (TSP), and on Tuesday it announced full enrollment in each.The newly selected MSP vessels Liberty Power and Tulane operate under Liberty Global Logistics, LLC of Lake Success, N.Y. and American Roll-On Roll-Off Carrier Group Inc.'s (ARC) shipowning component Fidelio Limited Partnership of Ponte Vedra Beach, Fla., respectively.

25 Sep 2023

White House Appoints ARC CEO Eric Ebeling to King’s Point Board of Visitors

Eric P. Ebeling (Photo: ARC)

American Roll-On Roll-Off Carrier Group Inc. (ARC) President and CEO Eric P. Ebeling was appointed by President Joe Biden to the U.S. Merchant Marine Academy’s Board of Visitors.The Board of Visitors provides independent advice and recommendations concurrently to the President of the United States, the Secretary of Transportation, Congress, and Superintendent of the Academy on matters related to the state of morale and discipline, curriculum, instruction, physical equipment, fiscal affairs…

18 Sep 2023

US Government Boosts Oil Tanker Fleet in National Shipping Overhaul

The United States is boosting access to commercial products tankers as part of a security drive to safeguard oil shipping for its armed forces in times of crisis, a top Department of Transportation (DOT) official said.The U.S. flagged commercial fleet comprises a few dozen tankers with the majority involved in domestic trade and there has been concern over possible disruptions to the U.S. economy if those vessels were sought for use by the military, according to a Department of Defense study.The Tanker Security Program has aimed to charter 10 internationally trading vessels for 2023 that can move oil products. Each would receive an annual payment of up to $6 million and had to be U.S. operated and have U.S.

22 May 2023

Time to Meet the US Mariner Shortage Head On

(Photo: Alpha Hernandez / U.S. Marine Corps)

We have a national and economic security crisis on our hands. It is time for Washington policymakers to stop dancing around the facts and looking for small fixes. The U.S. mariner shortage is real and it poses an unescapable threat not only to our ability to establish lines of communication to the U.S. warfighter, but also to our nation’s ability to project power through international trade.Two Congressional hearings held on March 28 illustrate the challenge. First, General Van Ovost…

20 Jun 2023

Doyle Returns to Lead Dredging Contractors of America

William P. Doyle (File photo: Maryland Port Administration)

The Dredging Contractors of America (DCA) announced William P. Doyle will return to lead the trade association as chief executive officer and executive director.Doyle, a well-known figure in the U.S. maritime industry, most recently served nearly three years as the executive director of Maryland Port Administration, overseeing the six state-owned marine terminals at the Helen Delich Bentley Port of Baltimore. He resigned from the position on June 16.Doyle previously served as CEO for the DCA, and two terms as a U.S. Federal Maritime Commissioner, twice unanimously confirmed by the U.S. Senate.

28 Jul 2023

Attracting More People of Color to the Maritime Workforce

© Igor Kardasov / Adobe Stock

In the United States, marine transportation is responsible for $361 billion, or 1.7% of the U.S. Gross Domestic Product (GDP). Marine transportation, a key part of global logistics and responsible for 40% of international trade, goods and services, is the backbone of U.S. trade. In the U.S. in 2021 alone, ships have transported more than 1.5 billion tons of cargo valued at more than $1.5 trillion; in that same time period, U.S. ports have facilitated approximately 450,000 ships, which is more than 10% of the global amount (McLean, 2021).

25 Jul 2023

CII – Time for a Rethink?

Photo copyright AdobeStock/fotohansel

Without a radical new approach, BIMCO’s CII Operations Clause will remain a worthy but vain attempt to reconcile shipping’s environmental and commercial imperatives,Legal and contractual disputes lie ahead for shipping unless it finds a better compromise between owners and charterers to sustain the International Maritime Organization’s Carbon Intensity Index (CII).Entering into force on 1 January 2023, the CII relates primarily to the way in which ships are operated and the resulting CO2 emissions.

26 Apr 2023

London Marine Insurers Add Sudan to High-risk List

© robnaw / Adobe Stock

London’s marine insurance market added Sudan to its of areas deemed high risk this week amid further fighting in the conflict-ridden African country, according to an advisory note.The addition of Sudan to the high risk list will mean that any ships sailing into the country will need to pay an additional war risk premium and also seek approval from their insurer.Advisory notes from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association and representatives from the London insurance company market…

09 Aug 2023

Udo Lange Named CEO of Stolt-Nielsen Limited

Udo who will join Stolt-Nielsen as Chief Executive Officer on September 1, 2023. Image courtesy Stolt-Nielsen

Stolt-Nielsen said that, after 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO on September 1, 2023, and will assume the role of Chairman of the Board of Stolt-Nielsen Limited. He will be succeeded as CEO by Udo Lange.Lange, who will join Stolt-Nielsen as Chief Executive Officer on September 1, 2023, has more than 20 years of experience in the international trade industry, with expertise in freight forwarding, express and parcel logistics and airline catering.