Tag: US

Shipping executives report a surge in volumes that will likely drive up rates, following a trade deal with China that has helped ease tensions with the U.S. However, uncertainty remains high, and when shipping is affected by uncertainty, it often results in increased costs.

High ocean heat content and the anticipated development of La Niña are expected to fuel an above average hurricane season in the North Atlantic this year, according to the US National Oceanic and Atmosphere Administration (NOAA).

The United States Department of Agriculture (USDA) and the Canadian Food Inspection Agency (CFIA) have released the specified risk periods for 2024, NorthStandard highlights. 

The U.S. International Development Finance Corporation (DFC) is investing over half a billion dollars into a container terminal in the Port of Colombo, Sri Lanka.

Due to the ambiguity surrounding the contractual implications of the US Carriage of Goods by Sea Act (COGSA) and the Harter Act, the UK P&I Club presents FAQ on the subject, updated by Freehill Hogan and Mahar LLP.

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at the fact that despite a 70-80% fall in freight rates, and worsening of the supply/demand balance, liner operators have been able to keep rates higher than pre-pandemic levels.

According to EIA, U.S. natural gas production grew by 4% (4.9 billion cubic feet per day ) in 2022, averaging 119 Bcf/d. Three regions, Appalachia, Permian, and Haynesville, accounted for 60% of all U.S. production in 2022, similar to the proportion in 2021.

According to EIA, U.S. crude oil exports hit a record high in 2022 as releases from the Strategic Petroleum Reserve (SPR). U.S. crude oil exports averaged a record 3.6 million barrels per day (b/d) in 2022, a 22% increase (640,000 b/d) from 2021.

Three G7 countries – the United States, Canada and the United Kingdom – confirmed their multi-year commitment to building ocean resilience through the Ocean Risk and Resilience Action Alliance (ORRAA) amounting to USD$22 million.

California’s Port of Oakland, the fifth busiest container port in the US, in order to reduce emissions for onshore operations, approved on Thursday March 9 an enviromental ordinance requiring operators to develop zero-emission plans.