China Coal Imports Fall Sharply
China's coal imports dropped sharply in August from the month before, customs data showed on Friday, after cooler weather crimped demand from utilities and as a typhoon disrupted supply.Total arrivals last month fell 12 percent from August to the lowest since May at 25.14 million tonnes, data from the General Administration of Customs showed.
U.S. Coast Guard's Maritime Commerce Strategic Outlook released
U.S. Coast Guard Commandant Admiral Karl L. Schultz has issued the Coast Guard's 40-paged document that outlines their "VISION for Enabling Maritime Commerce." He introduces the new paper in an open letter to industry, as shown below:America is a maritime Nation. It is a Nation shaped by seafarers who recognized the tremendous economic potential derived from unrestricted access to the oceans, internal waterways, deep-water ports and protected straits and bays.
EU Okays Expansion of Denmark's Shipping Tax
The European Commission approved on Friday the expansion of a Danish scheme to tax shipping companies on their tonnage, the EU executive said in a statement.Under the so-called tonnage tax schemes, shipping companies pay taxes on the basis of the size of the shipping fleet rather than on their actual taxable profits.The Commission authorized Denmark to expand its existing scheme for shipping firms to several new categories including guard vessels and ships servicing off-shore installations, it s
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