News on US.
Bernhard Schulte Shipmanagement has been fined USD 1.75 million in the US for discharging oil and chemical waste into the water. This is the biggest fine of this type ever issued in Hawaii.
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US authorities have lifted the country's sanctions against Dalian Tankers, which is owned by major Chinese shipping group Cosco.
The Chinese deputy prime minister will travel to Washington, DC, next week to sign a trade agreement, report several media.
Escalation of the conflict between the US and Iran has not yet led to any "dramatic change" pertaining to threats to commercial vessels in the Persian Gulf, although the threat level remains elevated, according to marine insurers' war committee.
Bunker supplier Bunker One now opens a new office in New Orleans in the US, from where it will be ready to supply, for instance, low-sulfur fuel in 2020. The city has been on the company's radar for a long time, says Global Director Peter Zachariassen.
US President Donald Trump gave his approval for an initial trade deal with China, say people with knowledge of the matter. The deal entails China buying more US agricultural goods and halts the introduction of new US tariffs slated for Dec. 15.
A trade agreement between China and the US is allegedly moving closer, and the soybean trade is key to these negotiations. New numbers show that China has increased its import from the US significantly.
The US and China are negotiating a postponement of new tariffs that were set to come into force on Sunday, officials from both countries tell Dow Jones.
The two countries have agreed to roll back their tit-for-tat tariffs in phases, says a spokesman for China's Ministry of Commerce.
The US wants to confiscate USD 20 million from a Turkish shipowner. According to the US, the company is part of an illegal network that has sailed oil products to Syria, breaching international sanctions. The case is an offshoot of a larger effort focused on the network.
The Chinese government has promised soybean importers tariff exemptions if they purchase 10 million tons of soybeans from the US.
Tariff hikes totaling more than USD 7.5 billion against a series of EU member states come into force Friday.
The US government has warned Cosco-owned Dalian Tankers "very heavily" against turning off the AIS systems on its ships. Dalian Tankers denies having turned off the transponders.
One third of Dalian Tankers' fleet have turned off their AIS systems after the company was struck by US sanctions.
US sanctions are a key driver boosting VLCC rates, writes shipbroker Clarksons Platou. The firm expects to see daily rates, which have now surpassed USD 100,000 per day, continue to rise.
The Trump administration has announced new tariffs on European products for more than USD 7 billion annually starting on Oct. 18. The move comes in response to illegal government aid to Airbus.
Freight rates for the VLCC tanker vessels have climbed to USD 65,000 per day following the news of US sanctions imposed on Dalian Tankers, a subsidiary of China's Cosco. It could take some time for clarity to emerge, says Euronav.
According to Foreign Minister Wang Yi, China is willing to purchase more goods from the US.
Donald Trump used his speech at the UN Assembly in New York to repeat complaints about China and its trade practices shortly before negotiators from the two countries are set to meet in Washington.
China has just purchased its second large quantity of soybeans from the US, the largest volume since June.
VLCC and LPG rates will face pressure following Saturday's drone attack on two Saudi oil plants, assesses investment bank Cleaves Securities. The bank furthermore predicts that the strike may lead to "several attacks on shipping" in the area around the Strait of Hormuz.
Chinese companies have bought ten ship cargoes of soybeans from the US, the biggest purchase since June, Reuters writes. This occurs a few weeks before China and the US once again meet for negotiations in the ongoing trade war. Updated.
China says that a range of US-produced goods will be exempted from the tariffs implemented last year as the country's government seeks to ease the impact of the current trade dispute with the US. But it will not lift the tariffs on soybeans and pork.
The US has allegedly uncovered a shipping network that the country says has helped Iran's Islamic Revolutionary Guard Corps move several million barrels of oil. This prompts the US to warn the industry against entering oil deals with Iran. The US also issues a special warning to the bunker sector.
The US offered the captain of vessel Grace 1/Adrian Darya-1 a bribe to help the Americans seize the ship, according to an email the Financial Times has access to.
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