On April 17, the Trump administration shielded domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and U.S. territories from port fees to be levied on China-built vessels.The Federal Register notice posted by the U.S. Trade Representative (USTR) was watered down from a February proposal for fees on China-built ship of up to $1.5 million per port call.Ocean shipping transports about 80% of global trade - from food and furniture to cement and coal…
The tariff increases by the US and China in effect as of April 25 are estimated to directly affect 4% of dry bulk ton mile demand. They are expected to impact the growth of minor bulk cargo volumes, as shipments to the US may stagnate or decrease…
Maersk said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsising some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.German container…
In the first quarter of 2025, Port of Antwerp-Bruges handled 67.7 million tonnes of cargo, a drop of 4.0% compared to the same period last year. This decline was largely driven by a sharp decrease in bulk volumes, while container throughput recorded growth…
U.S. President Donald Trump administration plans to use ongoing tariff negotiations to pressure U.S. trading partners to limit their dealings with China, The Wall Street Journal reported on Tuesday citing people with knowledge of the conversations…
Brazil's Santos Port Authority, which administers the largest port in the Southern Hemisphere, said the draft of the port will be deepened to attract larger vessels in coming years.Speaking at the headquarters of the Santos Trade Association…
So many U.S. companies rushed in goods to avoid President Donald Trump's threatened tariffs that imports soared to near-record levels in recent weeks. Now, retailers and other importers are hitting the brakes, awaiting clarity on where the new duties will land…
U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U…
U.S. Trade Representative Jamieson Greer told lawmakers on Tuesday that not all of the agency's proposed multimillion-dollar fees for Chinese-built ships to dock at U.S. ports will be implemented, and they may not be cumulative.Greer told a…
On Friday, China announced a tariff increase of 34% on all US imports, in retaliation to the new tariffs announced by US President Donald Trump. These are in addition to tariffs implemented in February and March, focusing on goods such as grains…
U.S. President Donald Trump's new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout.The Trump administration on Wednesday is set…
President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, including some of the United States' biggest trading partners, deepening a trade war that he kicked off on his return to the White House…
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for a sixth straight session on Tuesday, pressured by lower rates across all vessel segments.The main index .BADI, which tracks rates for capesize…
Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump's administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans…
The United States is preparing to impose docking fees at its ports on any ship belonging to a fleet that includes Chinese-built or Chinese-flagged vessels, according to a draft executive order, a move aimed to both revitalize U.S. shipbuilding…
