50,000 Shark Fins Seized at US Ports, Disguised as Car Parts
Officials at US ports have intercepted a large shipment of 50,000 shark fins that were cleverly disguised as car parts in an attempt to smuggle them.
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Why Honeywell’s stock has dropped even as the Iran conflict has boosted munitions demand
Honeywell’s stock fell after the defense contractor said some revenue that was expected in the first quarter could be delayed until May because of shipping disruptions in the Middle East.
Panama Canal at top capacity as Iran war triggers more LNG vessel traffic, chief says
Demand was particularly strong for those loading at U.S. ports
Trump Administration Considers Jones Act Waivers Amid Rising Oil Prices
The Trump administration is considering waiving the 100-year-old Jones Act to address surging oil prices, which have reached $100 a barrel. This move aims to ensure the flow of energy and agriculture products to U.S. ports, with some analysts suggesting the law deserves more than a temporary waiver.
U.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures
The Jones Act dictates that only ships made in the United States can transport cargo between U.S. ports. Such vessels, which must also be crewed by Americans, charge customers more than foreign ships.