Global Energy Investment Totals $1.8trln in 2018
Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017, said the International Energy Agency (IEA).The investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil…
Port of Oakland may restore its bulk shipping operations
Bulk shipping operations could soon return to the Port of Oakland for the first time in 20 years.
When it comes to the U.S.-China trade war, there is no clear end in sight
Last week in this space the topic of imminent additional tariffs to be placed on United States-bound imports out of China, part and parcel of the seemingly interminable U.S.-China trade war, was front and center. Well, those tariffs, to the tune of 25% on around $200 billion worth of Chinese goods and products, coupled with President Trump recently saying he is ready to further up the ante, with a 25% tariff on more Chinese imports were met, not unexpectedly, with retaliatory tariffs from China of $60 billion on various types of American goods.
Houston Ship Channel Bottleneck Finally Eases
A bottleneck of inbound traffic on the Houston Ship Channel eased on Tuesday though one-way travel restrictions remained following a weekend collision between a deep-draft ship and a barge, officials said on Tuesday.About 9,000 barrels of gasoline spilled into the channel near Bayport…
Trump: US-China Trade Talks Haven't Collapsed
U.S. President Donald Trump on Tuesday said trade talks with China had not collapsed, characterizing the trade war between the world's two largest economies as "a little squabble."He made the remarks to reporters at the White House as Beijing…
National diesel average falls for first time in six weeks, reports EIA
With a 1.1-cent decrease, the national diesel average came in at $3.160 per gallon. This follows gains of 0.002 cents, 2.2-cents, 2.7-cents, and 2.5-cents, respectively over the previous three weeks.
UPS expands destination list for Saturday export pick-up service
Global transportation and logistics bellwether UPS said today that it is making a significant expansion to its Saturday pick-up offering for export shipments. This expansion comes in the form of adding 122 countries to the current 57 destinations that receive Saturday pick-up service. UPS said this includes 20 new European markets, 28 Americas-based markets, two Asia-Pacific markets, and 72 Middle East- and Africa-based markets. And the company added that shippers that schedule a Saturday pick-up for their UPS Worldwide Express portfolio packages from the U.S. to 179 international markets will have their shipments processed and shipped on Sunday and delivered as soon as Monday.
JOC Gulf Shipping Conference 2019
Come visit the JOC Gulf Shipping Conference 20 - 22 May 2019 in Houston, for a truly unique networking and educational experience. Hear from our keynote speaker, Ludovic Renou, President of CMA CGM America and gain insight that cargo owners and transportation providers need to navigate the unique challenges shippers...
Interview: Edmonds Brown, Cummins, Inc.
The May 2019 edition of Maritime Reporter & Engineering News features a eight-page feature section on "Thought Leadership" in the marine power sector. Here we extract and present the interview with Edmonds Brown, Cummins, Inc., Commercial Marine…
Risk Management on the Inland Waterways Evolves
The subchapter M towboat rules, safety management systems, and an emerging culture shift on the inland waterways brings with it a fresh look at how to manage risk. Is it time for P&I clubs to return to brown water? And should inland operators…