Wilbur Ross sells his stake in carrier Diamond S Shipping. The US Commerce Secretary received criticism this week of his ownership stake in another shipping firm allegedly tied to Russian interests subject to US sanctions.
The US Secretary of Commerce, Wilbur Ross, says that he will "probably not" keep his stake in a shipping company that does business with a Russian firm linked to Putin's son-in-law and an oligarch subject to US sanctions.
US Secretary of Commerce Wilbur Ross faces ethical questions after newly leaked documents show that Ross did not disclose business ties to the son-in-law of Russian President Vladimir Putin and an oligarch under US sanctions.
More new offshore wind farms may be on the way in the US, but that does not necessarily mean that the Jones Act, which hinders European players from carrying out installations on non-US vessels, will be done away with. Instead, there are indicators that US yards will build the necessary vessels themselves, says a US offshore wind researcher.
The powerful US dockworker union ILWU has succeeded in slowing the development towards automation in Los Angeles and Long Beach. A new law holds that environmentally-friendly vehicles in the ports must not be fully automated or remote controlled in order to secure subsidies.
Ships are once again sailing in the busy shipping lane off Houston after hurricane Harvey shut down ports, refineries, and other businesses on the US east coast. The bill could total billions, according to one estimate.
Maersk spends millions of dollars every year in its efforts to shape the political process at the forge of power in the US. ShippingWatch has looked into which political cases the Danish company's lobbyists are working on, and why.
The food industry, shipping, and the NGOs - in popular terms, the Iron Triangle - have for decades enjoyed a special status when sending aid from the US, which benefits carriers such as Maersk. But the Triangle is facing tough political pressure. ShippingWatch has looked into a troublesome alliance.
The fight against the almost 100-year-old Jones Act, a thorn in the eye of European carriers in particular, has rekindled after Republican Senator John McCain, one of Trump's most ardent critics, is now trying to break from the controversial legislation. ShippingWatch takes a look at a sensitive subject.
The French carrier has agreed to sell close to its entire stake in a container terminal in Los Angeles which it took over as part of the acquisition of Neptune Orient Lines. The money from the sale will be used to repay debt, informs CMA CGM.
Global oil production grew 1.25 million barrels per day in May 2017 compared to the same period last year. US shale oil producers in particular contributed to the increase, notes IEA in its latest monthly report.
The Norwegian Shipowners' Association describes Trump's exit from the Paris Climate Accord as extremely bad news for shipping. Danish Shipping also eyes risks: This could be an excuse for opponents to work harder to halt IMO efforts, says the organisation.