Chinese importers expecting cargoes of U.S. commodities from beef to propane said they hope to sell the goods to South Korea or Japan after Beijing's decision to slap extra tariffs on a swathe of items from agricultural products to chemicals…
The United States and China have fired the opening shots in a trade war that may be hard to stop. Washington has published a target list of 1,300 items imported from China worth an estimated $50 billion that would be hit with an extra tariff of 25 percent (“Notice of determination”…
Malaysian Bulk Carriers Bhd (Maybulk) plans to sell its entire 21.23% stake in Singapore-listed PACC Offshore Services Holdings Ltd (POSH) to its own shareholders, reported The Star. According to the report, Maybulk seeks to raise cash to pay for new vessels and cut down its debts…
Monaco-based international shipping company Scorpio Bulkers said it has received a commitment for a loan facility of up to $12.75 million from a leading European financial institution to finance the Company’s Kamsarmax bulk carrier. The…
Recent trade friction between the United States and China and the prospects for higher interest rates are not likely to affect growth for the major transportation segments for the foreseeable future, according to Fitch Ratings in its latest U…
China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world's biggest economies in response to U.S. duties on imports of aluminium and steel…
The United Nations Security Council blacklisted dozens of ships and shipping companies on Friday over oil and coal smuggling by North Korea, boosting pressure on Pyongyang as leader Kim Jong Un plans to meet with his South Korean and U.S. counterparts…
Genco Shipping & Trading Limited announced it has established a European subsidiary in Copenhagen to be led by newly appointed Commercial Director, Minor Bulk, Europe, Sune Linné Fladberg. “We continue to take steps to solidify our sizeable…
DP World Sokhna recently welcomed the largest bulk cargo vessel to ever arrive to the port and enter the Red Sea, said a press release from the company. Known as a capesize vessel, the M/v Seafarer originally came from Malta carrying steel cargo weighing more than 140…
The City of North Port and the International Trade Hub at Port Manatee are teaming with Chile’s trade commissioner in efforts to expand commercial links. “We look forward to realizing vast untapped potential for enhanced ties with both North Port and Port Manatee…
Shipping confidence reached a four-year high in the three months to end-February 2018, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents was up from 6…
Agricultural exports shipped from here have increased 42.7 percent in volume since 2013, the Port of Oakland said today. Port officials said that the vigorous growth reflects continued strong overseas demand for U.S. farm goods. They added that…
Soufflet, one of the biggest exporters of French grain, said a port facility it is launching on the Atlantic coast will help narrow the gap with cheaper, higher-quality Black Sea origins in growing export markets in Africa and the Middle East…
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up to hit a one-week high on Monday as capesizes rates rose. The overall index, which factors in rates for capesize, panamax and supramax vessels…
China's commerce ministry said on Friday that it may impose additional tariffs on up to $3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminum products.The ministry said it was considering implementing measures in two stages: first…
