China, the behemoth of global coal trade, continues to defy trade expectations, according to the International Energy Administration’s Coal Mid-Year Update. Despite brimming stockpiles, the nation’s coal imports surged by 12% in the first half of…
Coal trade reshaped by Asian demand Read More »
In a landmark move on 27 December 2023 the Bermuda Government took a significant step by adopting the Corporate Income Tax Act 2023 (the “CIT Act”), a pivotal piece of legislation that promises to reshape the island’s financial landscape. The new legis…
Bermuda Corporate Income Tax and the Shipping Income Exclusion Read More »
The Michigan Department of Transportation (MDOT) has revealed the winners of the 2024 Michigan Maritime and Port Facility Assistance Grant Program, which will allocate $5 million to maritime projects throughout the state.The five chosen projects aim to…
Michigan Awards $5 Million for Maritime Infrastructure Projects Read More »
Inadequate operating company guidance on underkeel clearance led to the April 2023 grounding of a bulk carrier in Lake Huron, the National Transportation Safety Board (NTSB) said Tuesday.The 667-foot-long, self-unloading bulk carrier John J…
Bulk Carrier Grounded Due to Inadequate Clearance Guidance Read More »
Moves give Schroders the fourth-largest stake in UK shipbroker
Asset management titan adds Braemar to UK companies fund and builds 5% stake Read More »