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Drewry Lowers 2019 Container Growth Forecast to 3 Pct

Posted By Tony Sanchez / Cargo News / 0 Comments

July 4, 2019 Shipping consultancy Drewry has downgraded its forecast for global port throughput growth in 2019 to 3%, from the previous prediction of 3.9%, amid numerous headwinds. The change comes on the back of concerns of a slowing global economy stoked by the ongoing US-China trade war (albeit paused for the moment), escalating geo-political tension […]

US Removes Sanctions on PB Tankers

Posted By Tony Sanchez / Cargo News / 0 Comments

July 4, 2019 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has removed Italy-based PB Tankers from its list of sanctioned companies. OFAC designated PB Tankers on April 12, 2019, for operating in the oil sector of the Venezuelan economy. As a part of this designation, six vessels were identified as blocked property in […]