China Denies U.S. Navy Ships from Hong Kong Port Visits

BEIJING, Dec 2 (Reuters) - China on Monday banned U.S. military ships and aircraft from visiting Hong Kong and slapped sanctions on several U.S. non-government organizations for allegedly encouraging anti-government protesters in the city to commit violent acts. The measures were a response to U.S. legislation passed last week supporting the protests which have rocked the … [Read more...]

Trade War Rocks Transpacific Trade

By Gavin van Marle (The Loadstar) - The lack of developments on negotiations between China and the US on tariffs is expected to contribute to the first full-year decline in volumes on the headhaul eastbound transpacific trade since the global financial crisis. The last time the trade saw volumes decline was in 2009, in the wake of the collapse of Lehman Brothers and when … [Read more...]

U.S. Transportation Secretary Elaine L. Chao Receives Prestigious Admiral of the Ocean Sea Award

United Seamen’s Service has awarded its prestigious 2019 Admiral of the Ocean Sea Award (AOTOS) to U.S. Secretary of Transportation Elaine L. Chao in recognition of her career-long commitment to the maritime industry. The award was presented at the 50th annual AOTOS gala on Friday in New York City. Born in Taiwan, she immigrated with her family to Queens, New York at the … [Read more...]

COSCO Tanker Sanctions Seen Denting Demand for High Sulphur Fuel Oil

By Noah Browning LONDON, Oct 29 (Reuters) - U.S. sanctions on a top Chinese shipping fleet is set to produce a totally unintended result -- less burning of the dirtiest marine fuels at sea at the start of next year, Refinitiv data showed on Tuesday. The move to blacklist ships from COSCO on Sept. 24 for allegedly ferrying sanctioned Iranian oil will undercut demand for … [Read more...]

U.S. Waiver Offers Grace Period to Wind Down Business with COSCO Tanker Units

WASHINGTON, Oct 24 (Reuters) - The U.S. Treasury Department on Thursday issued a nearly two-month waiver for companies to wind down transactions with a Chinese tanker company it sanctioned last month for allegedly transporting Iranian oil. The waiver, good through Dec. 20, allows "maintenance or wind down of transactions" including offloading non-Iranian crude oil involving … [Read more...]