U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative's office has proposed charging up to $1…
China's giant steel industry is facing mounting pressure on exports this year as it faces another wave of trade frictions from U.S. President Donald Trump's new tariffs. Trump announced plans earlier this month to impose 25% tariffs on all steel and aluminium imports into the United States…
Analysts caution that a new proposal to impose fees on China-built container ships entering the U.S. could trigger unintended consequences, including port congestion, rising freight costs, and shifts in global trade flows.The Trump administration…
The EU has just adopted its 16th sanctions package against Russia. The package targets systemically important sectors of the Russian economy such as energy, trade, transport, infrastructure and financial services.To curb the risk of our sanctions being bypassed…
The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S. ports as part of its investigation into China's growing domination of the global shipbuilding, maritime and logistics sectors…
U.S. President Donald Trump's sweeping foreign aid freeze has stalled a United Nations program in Mexico aimed at stopping imported fentanyl chemicals from reaching the country's drug cartels, according to eight people familiar with the situation…
The UK P&I Club has announced the successful completion of the P&I renewal for 2025. The Club attracted new tonnage during 2024, which it anticipates will lead to a small increase in the Club’s market share for the 2025 policy year. The UK P&I…
The Swedish Club announced the launch of its Passage Plan+ Guide, a resource designed to support shipowners, operators, and navigational officers. “As an insurance company, we handle many claims yearly, and issues regarding Voyage/Passage planning are a recurring theme…
Starting March 1, 2025, ocean common carriers of containerized cargo are expected to file documented export strategies with the US Federal Maritime Commission (FMC) on an annual basis.The increased obligation is one of several notable developments…
In an effort to curb the flow of fentanyl and its precursor chemicals into the United States, President Donald Trump has issued new tariff orders against Canada, Mexico, and China, suspending a key duty-free exemption for low-value shipments…
The cost of aluminium for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.U.S. President Donald Trump has…
The EU-Chile Interim Trade Agreement (ITA) has entered into force, following the completion of Chile's ratification process. The ITA, which was signed in December 2023, is of key geopolitical importance, says the EU.It will boost the competitiveness of businesses on both sides…
President Donald Trump's new tariff orders against Canada, Mexico and China all contain clauses suspending a duty-free exemption for low-value shipments below $800 that is widely seen as a loophole that has allowed shipments of fentanyl and its precursor chemicals into the United States…
China's presence around the Panama Canal is a national security concern that Panama's government has to deal with, Mauricio Claver-Carone, the U.S. special envoy for Latin America, said on Friday, ahead of U.S. top diplomat Marco Rubio's visit to the country…
Germany is expanding its natural gas import options to replace Russian supply, a drive intensified by the latest suspension of Russian flows via Ukraine and U.S. President Donald Trump targeting Europe with liquefied natural gas exports.Plans…