Tag: US

Following the visit of Poland's President, Andrzej Duda to Washington D.C., the Polish Oil and Gas Company signed an agreement with Venture Global LNG to buy additional 1.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG). The volume of LNG coming from the Plaquemines terminal will increase from 1.0 to 2.5 million tonnes per year, and specifically from 1.35 to 3.38 bcm of natural gas after regasification. 

Port of Oakland reported that its containerized agricultural exports are boosting, despite the trade war. The farm good shipments in the first four months of 2019 saw a 12% increase from the previous year. According to the port, the majority of its shipments are sent to Asia, despite US's tariffs.

South Carolina Ports Authority announced on June 11 that it achieved its strongest May on record. Namely, the Port handled 204,457 twenty-foot equivalent container units handled last month. Fiscal year-to-date TEU volume has increased by 9.7%, with 2,192,689 TEUs handled since the Port's fiscal year started in July.

Economic growth around the world is decreasing, and various governments, including Germany, China and South Korea, have announced stimulus packages to boost their economies. In fact, the International Monetary Fund expects global GDP growth to slow from 3.6% in 2018 to 3.3% in 2019, before returning to 3.6% in 2020.

On Tuesday, a coalition of environmental groups filed a lawsuit regarding the US Interior Department’s decision to ease safety rules put in place by the Obama administration in the aftermath of the fatal 2010 BP Deepwater Horizon oil spill.

Connecticut Governor Ned Lamont announced that he has signed legislation his administration introduced with the support of legislative advocates, authorizing the development of offshore wind in Connecticut. Now, the Department of Energy and Environmental Protection (DEEP) plans to begin the RFP process immediately.

The Norwegian Sun cruise vessel sailed back to Port Canaveral, June 7, some days after the US Department announced the ban of US cruise ships from making stops in Cuba. It was diverted on June 4, an hour after it had left Key West.

In November 2018, the US government issued Significant Reduction Exemptions (SREs) waivers to eight countries that were committed to decreasing the purchase of Iranian oil; China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey.

The US Navy released two videos showing that while operating in the Philippine Sean a Russian destroyer (Udaloy I DD 572) made an unsafe maneuver against USS Chancellorsville (CG-62), closing to ~50-100 feet. The incident took place at approximately 11:45 am on June 7, 2019.

The US Naval Institute focused on the Jones Act, providing an insight into what it is, what's its history and whether it is successful. Generally, the Jones Act is a federal law that regulates maritime commerce in the United States. The Jones Act only applies to domestic U.S. trade. It has no impact on vessels transporting cargo to or from another country.