Relief for foreign vessels as Bangladesh suspends cabotage rules
The High Court of Bangladesh has “suspended” for six months the cabotage rules which require ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
The Jones Act – which requires all cargo carried between US ports to be shipped by US vessels, owned and operated by Americans – always seems to make feelings run high in the US, and it is currently very much in the spotlight. Senator John McCain has promised to try to repeal it in a bidt to reduce costs for consumers. The US shipbuilding industry, meanwhile, and the Democrats, are vigorously opposed to its repeal, arguing that it would threaten 400,000 jobs and put “the entire US fleet in jeopardy”. Expect this row to run and run.
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