Archive for the ‘Maritime Trade’ Category

EPA Announces $3 Billion in Clean Ports Grants to Decarbonize US Maritime Infrastructure

July 20, 2026

In a significant move to address environmental concerns in the maritime sector, the US Environmental Protection Agency (EPA) has announced nearly $3 billion in grants aimed at decarbonizing maritime infrastructure across the nation, according to reports from Reuters. Funded through the Inflation Reduction Act, this major federal initiative is designed to support the deployment of […]

Global Maritime and Finance Sectors Align Standards and AI Tools to Counter Trade-Based Money Laundering

Maritime Trade, News

July 16, 2026

In a coordinated effort to address the evolving complexities of modern financial crime, the global trade finance and maritime shipping industries are implementing updated standards and advanced technologies. These updates aim to address vulnerabilities in international supply chains, particularly as transactions transition toward paperless and digital environments. According to the International Chamber of Commerce (ICC), […]

US Maritime Administration Awards $580 Million in Grants to Modernize Port Infrastructure

Maritime Trade, News, United States

July 6, 2026

The Biden-Harris Administration, through the US Department of Transportation’s Maritime Administration (MARAD), announced more than $580 million in grant awards to strengthen port infrastructure across the nation. According to the official announcement from the US Department of Transportation, this funding is allocated to 31 port improvement projects located across 15 states and one territory. The […]

South Asian Maritime Infrastructure Receives Multi-Billion Dollar Boost from Global Investors

India, Maritime Trade, News

June 24, 2026

As global supply chains continue to undergo strategic realignments, South Asia is emerging as a primary destination for high-value maritime and logistics infrastructure. Recent foreign direct investment (FDI) commitments from both private logistics leaders and state-backed development agencies underscore the region’s growing importance in international trade corridors. According to JOC.com, Dubai-based DP World has finalized […]

U.S. Proposes Sweeping ‘Maritime Action Plan’ with Universal Port Fees on Foreign-Built Vessels

Maritime Trade, News, United States

February 18, 2026

The U.S. administration unveiled a significant policy proposal on February 14, 2026, that could reshape the financial landscape of maritime trade at American ports. According to a report from Lloyd’s List, the ‘America’s Maritime Action Plan’ introduces a new universal fee on all foreign-built vessels entering U.S. ports. The proposed fee would be calculated based […]

Movement of Cargo Vessels to Ukrainian Ports

Maritime Trade, News, Ukrain

October 1, 2023

The International Trade Council acknowledges the recent developments in Ukraine’s maritime trade. We have received information that five additional vessels are navigating to Ukrainian sea ports. This initiative comes as a part of an alternative mechanism to the Black Sea grain deal which faced challenges earlier. The five vessels, namely OLGA, IDA, DANNY BOY, […]

International Trade Council Issues Statement on the Adoption of UN Convention on the Judicial Sale of Ships

Maritime Trade, News

September 8, 2023

The International Trade Council acknowledges the recent signing of the United Nations Convention on the International Effects of Judicial Sales of Ships. The ceremony took place in Beijing, People’s Republic of China, on September 5, 2023. Formulated by the United Nations Commission on International Trade Law (UNCITRAL), the convention, now known as the Beijing Convention […]

The International Trade Council is a global, peak-body, chamber of commerce that supports businesses and governments by providing resources, advocacy, and networking opportunities to promote international trade and foreign direct investment. It serves as a platform for organizations to collaborate, share knowledge, and navigate the complexities of global markets.