U.S. President Donald Trump said on Tuesday he is in no hurry to speak to Chinese President Xi Jinping to try to defuse a new trade war between the world's two largest economies sparked by his sweeping 10% tariffs on all Chinese imports.China imposed targeted tariffs on U…
“When a country that exports large quantities imposes tariffs, it risks working against its own interests,” says Stamatis Tsantanis, Chairman & CEO of Greek shipping companies Seanergy Maritime and Maritime United.“Other nations adjust by sourcing commodities elsewhere…
U.S. President Donald Trump will restore his 'maximum pressure' campaign on Iran and drive its oil exports down to zero, a U.S. official said on Tuesday.Iran has repeatedly threatened to close the Strait of Hormuz for traffic as a retaliation for Western pressure…
Giving the annual State of the Port address, Bethann Rooney, the port director of the Port Authority of New York and New Jersey, recalled 2024 saying: “Just as you think there’s nothing else that can go wrong and you’ve experienced it all, we…
AD Ports Grouphas signed a 50-year land lease agreement with Al Ain Mills, an Al Hazaa Investment Group member. This strategic partnership will see the development of a state-of-the-art grain storage and processing facility at Khalifa Port at South Quay…
Flex LNG Ltd. released its unaudited financial results for the fourth quarter and full year ended December 31, 2024, reporting a robust performance amid a challenging LNG shipping market.Flex LNG posted vessel operating revenues of $90.9 million for the fourth quarter…
Russia's seaborne diesel and gasoil exports rose almost by a quarter in January from December as traders sought to increase supplies before new U.S. sanctions come into effect and amid seasonal low domestic demand, LSEG and market sources data show…
Oil prices retreated on Tuesday after U.S. President Donald Trump agreed to hold off imposing steep tariffs on Mexico and Canada, the two biggest foreign oil suppliers to the United States, for a month.Brent futures LCOc1 fell 41 cents, or 0…
Rio Tinto said on Tuesday it had begun clearing iron ore ships from two Western Australian ports as two tropical cyclones offshore swell seas and complicate its efforts to repair infrastructure damaged by a previous cyclone last month.'Safety is our priority…
Ocean Network Express (ONE) and LX Pantos have established a joint venture, Boxlinks LLC.The partnership will provide end-to-end domestic intermodal transportation services, utilizing both companies’ partnerships with major rail carriers and…
ICTSI’s Manila International Container Terminal (MICT) has taken delivery of eight hybrid rubber-tired gantries (RTGs) featuring near-zero emission technology.Manufactured by Japan's Mitsui Engineering & Shipbuilding, the RTGs are powered by…
Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen's Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia announced a halt in attacks on ships not linked to Israel…
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…
Seaspan Energy (Seaspan) completed the first ship-to-ship LNG bunkering in Canada, which took place in the Port of Vancouver in the Upper Harbour. The Seaspan Lions performed the ship-to-ship LNG bunkering to a tanker at anchor, named after the twin peaks of the North Shore…
MMC Port Holdings has hired CIMB and Maybank to work on an initial public offering (IPO) in Malaysia that could raise more than $1.34B, two sources with knowledge of the matter said.RHB and UBS have also been asked to help prepare the IPO, two further sources said…
