News

The latest industry news and BDP Happenings from across the globe.

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MOL evergreen cargo containers

September 20, 2018

FMC investigates contentious detention, demurrage fees

The Federal Maritime Commission (FMC) began "Phase II" of an investigation into detention and demurrage practices within the supply chain, which will conclude with a final report on Dec. 2, 2018.

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Nairobi Kenya at night with purple sky

September 19, 2018

World Bank, China looking at co-financing African projects

The World Bank and China have held talks on how they can finance projects in Africa together, the lender’s vice president for the continent said.

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Aerial yard view - containers at port

September 19, 2018

Third round of tariffs to go into effect September 24

The US and China have added new items to their existing punitive tariff lifts, set to take effect on September 24.

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sea port containers and cranes

September 18, 2018

Tariffs on $200B worth of imports from China start Sept. 24

In retaliation for the latest round of tariffs, China will place tariffs on $60 billion worth of imports from the U.S. beginning Sept. 24, according to Reuters. The rates will be 5% or 10%, depending on the product.

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drilling oil rig on land

September 18, 2018

OPEC net oil export revenues increased in 2017, will likely continue to increase in 2018

EIA projects that OPEC net oil export revenues will increase to $736 billion in 2018, up 30% from 2017. This expected increase follows higher forecast annual crude oil prices in 2018.

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