Tag: US

US President Donald Trump signed an executive order directing US agencies to test whether critical infrastructure systems are vulnerable in case of disruption or manipulation of satellite-based global positioning system services (GPS).

Following the coronavirus outbreak, with several shipping companies skipping Chinese ports and many Chinese factories shutdown, trade market is passing a period of disruption. According to Bloomberg, physical supply chains are affected due to the above-mentioned situation.

In light of the coronavirus outbreak, the Chinese liquefied petroleum gas demand is likely to drop by 3% in the following two months, causing cut in the LPG shipments and affecting the freight rates.

Although several forecasts estimated that the oil demand will drop due to the coronavirus outbreak, oil prices ended up higher about 1%, for 3rd straight session, while investors expected that the oil producers would cut more output.

The world's first nuclear-powered merchant vessel "N.S. Savannah" set sail from Philadelphia and is returning back to Baltimore. According to the Maritime Administration, the vessel was under maintenance at Northeast Ship Repair of Philadelphia.

Port of Oakland containerized import volume increased 7.3% last month over January 2019 totals. Exports also grew, lifting hopes for recovery from a US-China trade war. However, the Port is concerned about the potential implications due to the coronavirus.

As Reuters recently reported, following the federal permitting delays, the Vineyard Wind 1 Project will not be ready for operations in 2022, missing the target to send power to Massachussets. Specifically, the final permits of the project are estimated to be issued almost a year and a half after its previous target of August 2019. 

The US Federal government recently granted $93 million to JAXPORT, concerning the next phase of its upgrade project. Namely, the investment will focus on the deepening of Jacksonville shipping channel to 47 feet from its existing depth of 40 feet.

The American Association of Port Authorities (AAPA) commented on US's fiscal 2021 budget, registering concerns over significant declines to federally funded, port-related programs when compared against this year's appropriation funding levels.

The US Department of Energy (DOE) issued four long-term orders, authorizing the export of domestically produced LNG from four proposed LNG export projects in Texas: Annova LNG, Rio Grande LNG, and Texas LNG, all located in Brownsville, TX; and Corpus Christi LNG’s Stage III in Corpus Christi, TX.