Electric cars and buses are making inroads in multiple markets, from California to Norway to China. In Thailand, to combat increasing smog, the next wave of electric vehicles will navigate waterways instead of highways. Last week, the Bangkok Metropolitan Authority (BMA) introduced its new fleet of electric commuter ferries into service. Bangkok is one of […]
On Friday, the U.S. Coast Guard worked with a merchant tanker to rescue 18 Ecuadorian fishermen after their vessel sank about 300 miles to the north of the Galapagos Islands. The rescue coordination center for the Eleventh Coast Guard District in Alameda, California received an EPIRB alert from an unknown vessel to the north of the Galapagos Islands […]
On Saturday afternoon, the U.S. Coast Guard and a merchant bulker worked together to rescue two people from a sailboat that had been disabled by weather about 300 nautical miles east of Cape Hatteras, North Carolina. Watchstanders at the Coast Guard’s Fifth District Command Center received an alert from the GEOS International Emergency Rescue Coordination Center at about […]
The debate on Belt and Road Initiative (BRI) investments in Africa has always teetered between the risks of a “debt trap” and the benefits of industrialization. BRI proponents in Africa believe that the massive debt-financed infrastructural projects will induce growth in GDP in a manner that economists call the Keynesian Multiplier theory. In this view, […]
On Tuesday night, a volunteer lifeboat crew out of Dun Laoghaire – a suburb of Dublin – responded to an Irish Coast Guard request to investigate reports of two missing divers in nearby Bullock Harbor. In a lucky rescue, they found both men quickly and pulled them safely aboard. The three-person volunteer crew launched just […]
Plastic waste floating in the world’s ocean has been ranked as one of the largest ecological problems as a menace to marine life as well as a danger to shipping. With the problem of ocean plastics expected to grow substantially in the coming years, the UK Chamber of Shipping is launched a new Single-Use Plastic […]
The European Commission ordered Italy to abolish the corporate tax exemptions granted to its ports. Profits earned by port authorities from economic activities must be taxed the antitrust regulators said under normal national corporate tax laws to avoid distortions of competition. Today’s decision resulted from inquiries the EC conducted into the taxation of ports across […]
The Port of Bergen, Norway announced plans to build a new cargo port that will become a world-leader in innovative and eco-friendly solutions. The goal is to create a hub for zero-emission distribution of goods and services. The effort to develop a green port is part of an ongoing initiative to relocate the cargo terminals. […]
Hong Kong’s Pacific Basin Shipping company announced that it will be joining the increasing number of shipping lines using carbon offset credits and offering the customers the opportunity to go carbon neutral for its operations. The dry bulk shipping company reports that it has begun offsetting the carbon emissions for its global shore-side operations, including […]
Responding to the ongoing reports of a shortage of containers and the shipping industry’s struggle to manage the supply of containers, China’s state-run media is reporting that China is taking steps to ease the shortage of containers. The officials cited a surge in China’s exports and the low turnaround rate of containers from aboard as […]
According to the American Association of Port Authorities (AAPA), the newly-negotiated language for the FY2021 National Defense Authorization Act (NDAA) – the “must-pass” annual defense funding bill – includes the creation of a new Maritime Transportation System Emergency Relief Program (MTSERP) to provide funding to ports after natural disasters and emergencies, including the COVID-19 pandemic. The section authorizes […]
The International Federation of Freight Forwarders Associations, which represents more than 100 national associations and 5,500 freight forwarding and logistics companies, has released its new guidelines in dealing with abandoned goods. The guide is intended to help freight forwarders in dealing with the exercise of liens, confiscation and claims by shipping lines. These guidelines are the […]
