U.S.

Oil, LNG Trade Flow Hike As US Extends China Trade Tariff Deadline

  • The US plans to raise tariffs on $200 billion of Chinese goods to 25% from 10% if trade negotiations with Beijing did not yield an agreement.
  • Both China and the U.S. confirmed that their talk had “substantial progress” on important structural issues, and scheduled increase in tariffs delayed.
  • China imposed a 10% retaliatory tariff on US LNG imports effective September 24, but does not yet have any tariffs on US crude.
  • US crude exports to Asia are set to swell over March and April, aided by a...

http://mfame.guru/oil-lng-trade-flow-hike-as-us-extends-china-trade-tariff-deadline/

12 Vessels Travel 21,000 Miles Holding Nothing But Seawater

  • Vessels are making voyages of as much as 21,000 miles direct from Asia, all the way around South Africa, holding nothing but seawater for stability.
  • Middle East producers restrict supplies.
  • America’s light crude must be exported, and not enough supertankers are in the Atlantic Ocean for the job.
  • Daily earnings for the VLCCs, on the benchmark Middle East-to-China route doubled since last week to $29,494.
  • The U.S. both exports and imports large amounts of crude as the variety it pumps is very...

http://mfame.guru/12-vessels-travel-21000-miles-holding-nothing-but-seawater/

Freightos Baltic Container Report – Week 8, 2019

The Baltic Briefing has released a report about the freightos baltic container of the 8th week of shipping activities of this year. The report highlights the plight of the container market at the on-sight of the 8th week.

Prices bounce back
  • Following Chinese New Year, transpacific ocean prices are back to where they were at the beginning of the year.
  • At $2,009, China-West Coast prices are just $6 higher than on January 6. At $3,110, China-East Coast prices are $27 lower.
  • Demand seasonally drops...

http://mfame.guru/freightos-baltic-container-report-week-8-2019/

Southeast Louisiana leads U.S. in Jones Act jobs, report says

A Harvey Gulf multipurpose field support vessel working in the Gulf of Mexico. Harvey Gulf International Marine is a Louisiana company. Eastern Shipbuilding Group photo

According to a recent Transportation Institute report on the Jones Act’s national security and economic benefits, Louisiana’s first district supports the greatest number of maritime jobs in the U.S.

“Supporting 33,590 jobs in Louisiana’s First Congressional District and generating nearly $9 billion in economic impact, the Jones Act is not only a vital piece of America’s national security strategy, but a pillar of economic strength and job creation for the district,” House Republican Whip Steve...

https://www.workboat.com/news/government/southeast-louisiana-leads-u-s-in-jones-act-jobs-report-says/

Report to Congress on Russian Compliance with the Intermediate Range Nuclear Forces Treaty

The following is the Feb. 8, 2018, Congressional Research Service report, Russian Compliance with the Intermediate Range Nuclear Forces (INF) Treaty: Background and Issues for Congress.

From the report

The United States and Soviet Union signed the Intermediate-Range Nuclear Forces (INF) Treaty in December 1987. Negotiations on this treaty were the result of a “dual-track” decision taken by NATO in 1979 in response to concerns about the Soviet Union’s deployment of new intermediate-range nuclear...

https://news.usni.org/2019/02/13/report-congress-russian-compliance-intermediate-range-nuclear-forces-treaty-2

Report to Congress on Russian Compliance with INF Treaty

The following is the Jan. 18, 2019 Congressional Research Service report, Russian Compliance with the Intermediate
Range Nuclear Forces (INF) Treaty: Background and Issues for Congress..

From the Report

The United States and Soviet Union signed the Intermediate-Range Nuclear Forces (INF) Treaty in December 1987. Negotiations on this treaty were the result of a “dual-track” decision taken by NATO in 1979. At that time, in response to concerns about the Soviet Union’s deployment of new...

https://news.usni.org/2019/01/21/report-congress-russian-compliance-inf-treaty

Report to Congress on U.S. Periods of War

The following is the Dec. 14, 2018 Congressional Research Service report, U.S. Periods of War and Dates of
Recent Conflicts.

From the report

Many wars or conflicts in U.S. history have federally designated “periods of war,” dates marking their beginning and ending. These dates are important for qualification for certain veterans’ pension or disability benefits. Confusion can occur because beginning and ending dates for “periods of war” in many nonofficial sources are often different from those...

https://news.usni.org/2018/12/26/report-congress-u-s-periods-war

Report to Congress on Russian Compliance with the Intermediate Range Nuclear Forces (INF) Treaty

The following is the Oct. 5, 2018, Congressional Research Service report, Russian Compliance with the Intermediate Range Nuclear Forces (INF) Treaty: Background and Issues for Congress.

From the report

The United States and Soviet Union signed the Intermediate-Range Nuclear Forces (INF) Treaty in December 1987. Negotiations on this treaty were the result of a “dual-track” decision taken by NATO in 1979. At that time, in response to concerns about the Soviet Union’s deployment of new...

https://news.usni.org/2018/10/09/report-congress-russian-compliance-intermediate-range-nuclear-forces-inf-treaty-2

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