With the coronavirus spread causing shutdowns on several factories in China, the National Retail Federation (NFR) and the Hackett Associates issued their “Global Port Tracker” report, informing that imports at U.S. retail container ports are expected to experience a drop during February.
According to the U.S. Commerce Department, for the first time after almost six years the overall U.S. trade deficit narrowed during 2019. Namely, regions’ imports were fallen faster than the exports in the middle of protracted trade tensions.
Data from the Energy Information Administration (EIA) recently showed that exports of liquefied natural gas coming from the United States’ facilities ,marked an increase over the week ending January 29.
According to the weekly rig count for the U.S. and Canadian drilling activity issued by Baker Hughes on Friday, January 24, the amount of offshore rigs in the U.S increased by one unit in comparison to the previous week.
Following the Phase 1 trade deal with China, U.S. President Donald Trump announced that will shift his attention to Europe, post-Brexit Britain and India. Namely, Trump informed that will force new tariffs, shaking up relations with the above-mentioned major U.S. trading partners.
ABB Marine & Ports presented a testimony to the U.S. House Representatives Committee on Transportation and Infrastructure, focusing on marine technologies of the future. Specifically, ABB introduced to the Subcommittee on Coast Guard and Maritime Transportation, a comprehensive approach to reduce marine emissions.
With one of the most powerful military commander of Iran announced to be killed by a US air strike in Baghdad, Iraq earlier this morning, the merchant shipping heading close to the Middle Eastern waters has been pushed back and put on high alert due to fears that Iran will respond to the American drone strikes.
On 10 December the U.S. Navy test site located in Oahu, Hawaii welcomed the Irish wave energy device, named as “Ocean Energy 35” (0E35). Specifically, the OE35 will be further connected to the local electrical grid.
According to the U.S. Naval Forces Command, on 18 December the U.S. flagged container ship named “Maersk Kinloss”, managed to save the life of three Iranian mariners who have been stranded at sea for several days.
The Waterways Council Inc. (WCI) officially announced that praised Congress for passage of the Energy and Water’s Development (E&WD) Fiscal Year 2020(FY20). Specifically, on 17 December the House passed the bill by a vote of 297-120, while the Senate gave its approval today by a vote of 71-23. For the moment, the President is expected to sign the bill into law.
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