U.S. East Coast pushing for waiver to obtain gasoline shipments
The commodities trading house Gunvor SA wants 13 million gallons of gasoline delivered to the U.S. East Coast, but they need to waive the Jones Act to do so. The delivery would be made with a foreign-flagged tanker and the Jones Act requires that cargo shipped between two points in the United States must be transported on ships owned and operated by U.S. citizens, made in the U.S., and housed in the U.S.
The U.S. Customs and Border Protection receives any request to waive the Jones Act and the Secretary of the Department of Homeland Security (DHS) also reviews. Waives have been issued in the past in times of crisis, such as the Colonial Pipeline cyberattack in 2021 and in the wake of hurricanes.
During a long-anticipated visit to the U.S.-Mexico border in Arizona, Kamala Harris made it clear that border security is a top priority for her.
With a potential strike looming at East and Gulf Coast ports on October 1, U.S. companies are taking drastic measures to avoid supply chain chaos.
The Teamsters Canada Rail Conference (TCRC) has issued a 72-hour strike notice to Canadian Pacific Kansas City (CPKC), planning to strike on August 22 if no labor agreement is reached.
Oil traders have cut their net long positions in Brent and WTI due to concerns over China's economy.
The iconic Watergate Hotel in Washington turned into a high-security zone for Israeli Prime Minister Benjamin Netanyahu’s visit, but it didn’t stop protesters from causing a stir.
Argentina is gearing up to connect its Vaca Muerta shale play with the Punta Colorada port through a new pipeline, enabling supertankers to load crude oil.
Shipping a 40-foot container from Shanghai to New York now costs nearly $10,000, causing frustration among importers and talk of a market bubble.
Wildfires in northern Alberta are causing some oil sands operations to take precautions.
Reports of a potential ceasefire between Israel and Hamas have shaken the shipping industry, leading to a drop in container futures indices.
A recent judicial move in Milan has put a spotlight on some serious ethical issues in the luxury fashion industry.
In recent times, the demand for ships has skyrocketed, pushing charter rates to unprecedented levels.
Elon Musk has recently spoken out against US government tariffs on Chinese electric vehicles, calling them “not good” and market-distorting.
One of America's least populous states, North Dakota, is becoming a surprising hotspot for young adults.
A skit on "Saturday Night Live" recently spoofed fast fashion brands Shein and Temu, highlighting the industry's dark side.
A perfect storm in global trade is causing a major shipping container shortage, leading to unexpected spikes in ocean freight rates.
The U.S. is making solid progress towards establishing a domestic supply chain for rare earth elements by 2027, crucial for defense needs.
On Friday, trucks carrying humanitarian aid began delivering much-needed supplies to Gaza using a temporary pier built by the U.S.
The Republican-led U.S. House of Representatives passed the Israel Security Assistance Support Act on Thursday, pushing President Biden to send weapons to Israel more quickly.
Panama's President-elect Jose Raul Mulino has announced his first cabinet selections, emphasizing a pro-business approach.
A top cybersecurity firm, ESET, has uncovered Chinese hacking attempts in the European cargo shipping industry, marking the latest instance of China-aligned groups infiltrating Western economic infrastructure.
The UK's economy experienced its strongest growth in almost three years, with a 0.6% expansion in the first quarter of 2024, according to the Office for National Statistics.
Oil prices fluctuated within a tight range on Friday, as investors weighed mixed signals from the world's top oil consumers, China and the U.S. Brent crude slipped 13 cents to $83.75 per barrel, while West Texas Intermediate (WTI) fell 4 cents to $79.22.
Former President Trump is collaborating with the oil industry to overturn President Biden's fossil fuel regulations if he wins in 2024.
Panama's incoming president, Jose Raul Mulino, intends to tackle the challenges facing the Panama Canal, which is grappling with an unprecedented drought.
Commerce Secretary Gina Raimondo emphasized that a potential Chinese invasion of Taiwan and the takeover of chip manufacturer TSMC would be catastrophic for the U.S. economy.
South Korea has welcomed the U.S. decision to extend electric vehicle tax credits for cars containing Chinese graphite until 2026.
In a recent column in Supply Chain Management Review, a story surfaced about how a LAN transformer led to thousands of Audi, Bentley, and Porsche vehicles being stuck at U.S. ports, potentially breaching the U.S. Uyghur Forced Labor Prevention Act.
In a bid to further pressure Russia over its war in Ukraine, the U.S. Senate has unanimously passed a bill to prohibit Russian uranium imports.
Imagine it's 2024 and the U.S. is on the brink of a modern-day gold rush, but this time, it's all about a new, clean energy source buried right beneath us—geologic hydrogen.
Medical experts are warning that a prolonged strike at ports along the East and Gulf coasts could disrupt the supply of life-saving medications.