Tag: exports

The Port of Corpus Christi, which is US's largest oil export port will attempt to raise $300 million, in order to conduct work which will make the Port ready to handle the US shale export increase. A decision to raise fees for dredging, which could begin as of September, would be a rare move among US Gulf Coast ports.

Australia's Department of Agriculture will conduct a criminal investigation for the company implicated in the death of 2,400 sheep from heat stress onboard the livestock carrier 'Awassi Express' in August 2017. Earlier, Australia announced that it will toughen its welfare standards on livestock carriers.

On the aftermath of the death of 2,400 sheep from heat stress on the livestock carrier 'Awassi Express', Australia will require ships carrying live cattle and sheep exports to have an independent observer to ensure welfare standards. The country will also introduce new legislation to penalise any exporter that violates these standards.

Total net energy imports to the US fell to 7.3 quadrillion British thermal units in 2017, a 35% decrease from 2016 and the lowest level since 1982, when both gross imports and gross exports were much lower, according to EIA. The larger factor leading to the reduction in the net energy trade balance has been increasing energy exports.

On Monday, the governments of Australia and Peru signed the Peru-Australia Free Trade Agreement (PAFTA), that is expected to develop new jobs and economic growth for Australia, according to Steven Ciobo, Australia's Trade Minister.

Dublin Port will invest in new infrastructure based on its Masterplan to 2040 and a programme of works is already underway. The company invested €75 million in port infrastructure in 2017 and plans to invest a further €132m during 2018.  As a result, investment plans will need to accelerate.

French container ship giant CMA CGM informed that it will implement an Emergency Port Congestion Surcharge for imports and exports at the port of Thessaloniki, North Greece, as of January, as a result from the increased port congestion that is increasing operational costs and generating service disruptions.

With plans to ship over 5 million metric tons of dry bulk commodities in its first year, the new company will step up the import and export of dry bulk goods and ocean freight material in and out of the Middle East, while strengthening the operations of Bahri Dry Bulk.

MOL announced that it is teaming up with four other companies to join a demonstration project for a used-car export business model, as part of the "2017 International Logistics Business Model Creation Project" backed by Okinawa Prefecture's Business Promotion Subsidy program.

The European Shippers’ Council was asked by representatives of national shippers’ councils, as well as by individual export companies, to organize an emergency meeting. This meeting took place last week and focused on the current situation in maritime sector: goods to be exported have been waiting for up to 8 weeks to be loaded on ships.