The US will impose a 5% tariff on all Mexican imports starting from June 10. What is more, duties of up to 25% will be added in case Mexico does not reduces or eliminates the number of illegal aliens entering into the US. If the situation remains the same, the Tariffs will be increased to 10% on July 1, 2019.
OceanBased Perpetual Energy agreed to develop the world’s largest commercial ocean current energy project. The deal was signed with Florida Atlantic University’s Southeast National Marine Renewable Energy Centre, focusing off Florida, to install hundreds of megawatts of ocean current generating equipment.
China dismissed a warning issued by the US Department of State not to provide services to the tanker ‘Pacific Bravo’ carrying Iranian crude oil, noting that energy deals between the international community and the Middle East nation should be respected.
Global economic consultants of Centre for Economics and Business Research in the UK launched a study, according to which the global economic impact of the Belt and Road Initiative is most likely to boost world GDP by $7.1 trillion per annum by 2040.
During the 10th Clean Energy Ministerial (CEM10) meeting, a new global international hydrogen partnership was announced under the leadership of the United States, Canada, Japan, the Netherlands and the European Commission with participation of several other CEM member countries.
According to Reuters, US National Security Adviser, John Bolton, commented that the naval mines that were used to attack oil tankers off the UAE were ‘almost certainly from Iran’. The UAE has not yet blamed anyone for the sabotage of four vessels, including two Saudi tankers, near Fujairah emirate, a major bunkering hub just outside the Strait of Hormuz.
The US Coast Guard announced that it terminated the voyage of the 47-foot pleasure craft, Good Energy, with 10 passengers aboard on May 26, near Haulover Park, as it discovered multiple safety violations. Owners and operators of illegal charter vessels can face maximum civil penalties of more than $58,000 for illegal passenger-for-hire operations.
Venture Global and Stonepeak announced that they have reached agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment in Venture Global’s 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export facility in Cameron Parish, Louisiana.
The US Department of Energy approved additional exports of domestically produced natural gas from the Freeport LNG Terminal located on Quintana Island, Texas. The expansion of the Freeport LNG facility is estimated to support up to 3,000 engineering and construction jobs and hundreds of indirect jobs related to the project.
The Evergreen Triton, capable of handling 14,424 TEU containers, arrived on May 24 at the Helen Delich Bentley Port of Baltimore, becoming the largest container ship to ever visit Maryland. The supersized ship called at the Port of Baltimore because of the Port’s infrastructure that enables it to handle some of the largest ships in the world.
UN Sec-Gen highlights four key measures to achieve carbon neutrality by 205016/06/2019
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Infographic: What is EPIRB16/06/2019
Adopting a formal alcohol policy in ports is vital15/06/2019
Lessons Learned: Do not load cargoes excluded from the IMSBC Code15/06/2019
More microplastics are hidden in the ocean than the surface15/06/2019
Port of Amsterdam: Completion work progresses for new lock gates14/06/2019
Accidents related to ISM Code failures: What we have learned so far14/06/2019
CSA 2020 welcomes study's results on scrubber wash water14/06/2019
Meeting expected oil demand growth will not be a problem, IEA says14/06/2019