China’s ‘Market Condition’ Caveat on U.S. Agriculture Purchases Adds to Phase 1 Doubts

By Karl Plume and Tom Polansek CHICAGO, Jan 15 (Reuters) - China's pledge to buy U.S. farm goods based on "market conditions" during the Phase 1 trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over Beijing's lingering tariffs on U.S. exports. The agreement, meant to reduce tensions after nearly two years of a tit-for-tat tariff … [Read more...]

ClassNK Certifies Bangladesh Ship Recycling Yard with Hong Kong Convention Compliance

Tokyo-based classification society ClassNK has issued a Statement of Compliance to a ship recycling facility in Chittagong, Bangladesh, verifying that the yard is in line with Hong Kong Convention for safe and environmentally friendly recycling of ships. The Statement of Compliance, awarded to PHP Ship Breaking and Recycling Industries, is the first issued by ClassNK to a … [Read more...]

Shipping Players Look to Cut Carbon Emissions with Ammonia Fuel

By Jonathan Saul LONDON, Jan 15 (Reuters) - A shipbuilder and engine maker are among leading companies looking to develop a vessel that can run on ammonia as part of efforts to speed up carbon reductions in shipping through cleaner fuel options, officials said on Wednesday. The new project aims to design an oil tanker that can be fuelled with ammonia and whose technology can … [Read more...]

China Signs ‘Phase 1’ Trade Deal with United States

WASHINGTON, Jan 15 (Reuters) - The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world's two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted the "Phase 1" agreement as a step forward after … [Read more...]

Crowley Splits Up Marine Services Division

Jacksonville-based Crowley Maritime Corp. has announced changes to its commercial marine services division and introduced new leadership. Under the changes, Crowley Marine Services, part of the Crowley’s shipping group, will be split up into “three distinct, yet interrelated business segments” comprising offshore services, ship assist and tanker escort, and engineering … [Read more...]