The Port of Los Angeles announced a new cargo record for the fifth consecutive month in August, moving 861,081 TEUs and recording the busiest August in its 112-year history. On this occasion, the head of the Port called for an end to US-China trade war for global trade stability to be restored.
Following the damaging effects of Hurricane Dorian, which disrupted operations for many ports and changed cruise lines’ routes, the Freeport-based Grand Bahama Shipyard announced that it is back in operation, after being slightly damaged by the storm.
The state of Washington, represented by Governor Jay Inslee, joined a ceremony held to highlight the beginning of Vigor constructing five hybrid electric ferries by 2028 for Washington State Ferries (WSF), representing the ‘greening’ of its fleet.
Following a long journey across Mediterranean, the Iranian oil tanker ‘Adrian Darya 1’, which is at the centre of a major diplomatic dispute between Iran and the US, eventually arrived at the Syrian port of Tartus and sold its cargo, violating EU and US sanctions.
Following the devastating hurricane Dorian, all ports in the Bahamas reopened and are operating in Nassau. Yet, officials reported that relief procedures are beginning to accelerate because the supplies in some of the most impacted areas are running low.
Loadsmart, digital freight technology company, raised $19 million to embark on a major initiative, enhancing the flow of freight through American ports. Taking part in the initiative are Ports America and Maersk Growth as investors. This investment is in line with Loadsmart’s series A round in late 2018, totalling the funding at $53.4 million.
Iran has seized a tugboat which was allegedly smuggling fuel on Saturday, September 7, and detained its 12 Filipino crew. Iranian TV reported that the vessel was transmitting about 284,000 litres of diesel. Iran hasn’t provided additional information for the vessel, as under which flag its flying.
According to EIA, the liquefied natural gas exports from the US rose over the week ending September 4, as 12 LNG tankers had departed from US facilities, all of them carrying capacity of 43 billion cubic feet of LNG, increased by four cargoes in comparison to the previous week.
In an updated FAQs document, US OFAC clarifies that, even for vessels carrying lawful cargo to and from Iran, the provision of bunkers is unlawful and subject to US secondary sanctions, wherever it takes place, in the event the bunkering operation involves, inter alia, US financial institutions.
In light of the devastating aftermath of the Hurricane Dorian, the cruise industry is helping and offering support to the Bahamas. The Abaco Islands and Grand Bahama Island were hit by the storm, which made landfall as a Category 5 hurricane and lingered in the area for days.
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