Brooklyn Man Indicted for Shipping Endangered Turtles to China
BROOKLYN, NY—A New York resident faces federal charges for his role in the illegal wildlife trade, accused of shipping protected turtles from the United States to China. Russell Milis, 26, of Brooklyn,…
Key US Allies Break With Biden Over Shipping Cluster Bombs To Ukraine
Key US Allies Break With Biden Over Shipping Cluster Bombs To Ukraine Nick Pope on July 8, 2023 Political leaders from Spain and the United Kingdom voiced their disagreement Saturday with President…
Expecting A Package? One Of America’s Shipping Giants Could Grind To A Halt In Just Days
Expecting A Package? One Of America’s Shipping Giants Could Grind To A Halt In Just Days Will Kessler on July 2, 2023 Labor union giant the International Brotherhood of Teamsters warns that…
Fashion industry driving demand for green shipping, Maersk says
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers and regulators…
China COSCO SHIPPING subsidiary climbs on German nod of port terminal deal
(Reuters) – Share prices of COSCO SHIPPING Ports Ltd rose to as much as a three-month high on Thursday, after the German government cleared it to buy part of a Hamburg port-based…
Japan’s MUFG sets emissions targets for real estate, shipping, steel
By David Dolan and Simon Jessop TOKYO (Reuters) – Japan’s Mitsubishi UFJ Financial Group on Tuesday laid out emissions-cutting targets for lending to the real estate, steel and shipping sectors, and said…
Yellen: Inflation likely to come down on lower supply chain pressures, shipping costs
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that supply chain pressures and shipping costs were coming down and were eventually likely to bring down inflation. She also said…
As US importers liquidate and destroy unsold goods, ports eye shipping turnaround
By Lisa Baertlein LOS ANGELES (Reuters) – The leader of the busiest U.S. seaport on Friday said February’s cargo volume hit the lowest level since the start of the pandemic as inflation…
Shipping industry grapples with ways to cut cargo fires at sea
LONDON (Reuters) – Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in cars at sea, officials said on Wednesday.…
Union County man caught shipping fentanyl from Mexico City
UNION CITY, NJ – A Union County man has admitted to having large quantities of fentanyl shipped to New Jersey from Mexico after U.S. Customs and Border officials intercepted one of his…
Greece bails Bulgarian accused by U.S. of shipping computer chips to Russia
ATHENS/SOFIA (Reuters) – A 49-year-old Bulgarian arrested by police in northern Greece in December following a U.S. warrant has been released on bail pending a court ruling on his extradition for sending…
South32 sees shipping delays tying up cash in inventory
MELBOURNE (Reuters) – Australian diversified miner South32 Ltd on Monday reported production of key commodities that largely met expectations but noted that shipping snarls had led to an inventory buildup, impacting working…
China’s COSCO SHIPPING Holdings to pay over $800 million for 5.8% stake in COFCO Fortune
BEIJING/HONG KONG (Reuters) – China’s COSCO SHIPPING Holdings has agreed to pay 5.5 billion yuan ($814 million) to buy a 5.8% stake in COFCO Fortune, a food processing and logistics unit of…
New Jersey shipping company admits employee overbilled U.S. government for military freight
A New Jersey shipping company based out of Edison, New Jersey has agreed to pay $1.89 million to settle allegations that it overbilled the United States for freight services that were never…
Hapag-Lloyd CEO sees bounce in shipping demand as short-lived
FRANKFURT (Reuters) – Germany’s Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook for the…
St. Paul Felon Sentenced to 240 Months for Shipping Drugs into Minnesota Correctional Facilities
MINNEAPOLIS – A St. Paul man has been sentenced to 240 months in prison, followed by five years of supervised release, for distribution of a drug analogue, possession with intent to distribute…
Florida Man Sentenced To More Than 10 Years In Federal Prison For Shipping Himself Over 18 Pounds Of Methamphetamine
Tampa, Florida – U.S. District Judge Virginia M. Hernandez Covington has sentenced Jason Ryan Hardy (40, Tarpon Springs) to 10 years and 10 months in federal prison for conspiracy to distribute 500…
Global shipping growth at risk from economic gloom, UNCTAD says
By Jonathan Saul LONDON (Reuters) – The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken…
Ivory Coast completes second shipping container terminal
By Loucoumane Coulibaly ABIDJAN (Reuters) – Ivory Coast has completed construction of a second container terminal at its main port in Abidjan, paving the way for it to become a regional shipping…
France’s CMA CGM sees profits ebbing as shipping boom fades
PARIS (Reuters) -CMA CGM said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending, and this will reduce its…
COSCO Shipping says to buy $2.7 billion port assets from parent, in $2.9 billion ship building deal
(Reuters) – COSCO Shipping Holdings Co Ltd said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7 billion yuan ($2.7 billion) as it aims to…
U.S. corn, soy exports lag normal autumn pace amid river shipping woes
By Karl Plume (Reuters) – U.S. soybean exports are trailing their normal autumn pace despite rising supplies from an accelerating harvest, as low river levels have slowed the flow of grain barges…
TotalEnergies to continue shipping Russian LNG as long as no EU sanctions -CEO
LONDON (Reuters) – French energy giant TotalEnergies will continue to ship liquefied natural gas (LNG) from Russia as long as there are no European sanctions on the fuel, the company’s Chief Executive…
BP-chartered diesel tanker docks in Puerto Rican after U.S. waiver
By Arathy Somasekhar HOUSTON (Reuters) -A ship carrying a cargo of diesel fuel initially barred from hurricane-hit Puerto Rico anchored at the island’s Guayanilla port on Friday to unload under a Biden…
U.S. approves temporary shipping waiver for Puerto Rico after hurricane
By David Shepardson (Reuters) -The Biden administration on Wednesday approved a waiver of U.S. shipping rules to address Puerto Rico’s immediate energy and other essential needs in the wake of a devastating…
Russian oil diversion post-EU sanctions to raise shipping hurdles
By Jeslyn Lerh and Emily Chow SINGAPORE (Reuters) -Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil…
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