This week, on December 4, 2018, President Trump signed into law the Vessel Incidental Discharge Act (VIDA): Title IX of the Frank LoBiondo Coast Guard Reauthorization Act of 2018.VIDA establishes a new framework for the regulation of vessel incidental …
The Vessel Incidental Discharge Act (VIDA) – Immediate Implications of the New Law Read More »
The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose for the fourth straight session to touch a one-month high on Friday, boosted by strong demand for capesize vessels.The overall index, which facto…
Strong Capesize Rates lift Baltic Index to One-month High Read More »
Shares of Daewoo Shipbuilding & Marine Engineering Co Ltd rise as much as 3.8 pct.The South Korean shipbuilder says it has received a new order worth 444 bln won ($397.28 mln) from the country’s procurement agency, Defence Acquisition Program Administr…
Daewoo Shipbuilding Rallies on Newbuild Order, BlackRock Investment Read More »
The United States may soon get funding for a new heavy icebreaker ship, the head of the U.S. Coast Guard said on Thursday, as global warming spurs the race to stake out the Arctic, which is rich in oil, gas, and minerals.The United States has two opera…
Coast Guard Commandant Optimistic About Icebreaker Funding Read More »
Alphaliner: Container cargo surge on the eastbound Transpacific route is set to recede in the coming weeks.
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Transpacific Volumes to Soften despite China-US Truce Read More »