Technology E Commerce News

 

Container Shipping Companies Cut Asia-US Services

May 11, 2025

Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump's punishing tariffs on the world's top exporting country collapse trade, maritime consultants said.The ships on those routes have the combined capacity to deliver 25,682 40-foot containers stuffed with toys, tennis shoes, car parts and things U.S. manufacturers use to produce goods each week - or more than 1…

US Goods Trade Deficit Increased in May, Exports Declined

Jun 26, 2025

The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.The goods trade gap widened 11.1% to $96…

US Allows Ethane to be Shipped to China, But Not Unloaded

Jun 25, 2025

The U.S. sent letters to Enterprise Products and Energy Transfer on Wednesday informing the companies they could load ethane on vessels destined for China but could not unload the ethane in China without authorization, according to a person familiar with the matter and copy of one letter…

Unresolved Issues Plague Vietnam-US Trade Talks

Jun 15, 2025

Vietnam and the United States made progress during a third round of trade negotiations last week, but critical issues remain unresolved, requiring further analysis and continued dialogue, Vietnam's trade ministry said on Sunday.The talks, in Washington…

Cautious Optimism on US, China Tariff Truce

Jun 11, 2025

U.S. and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade tensions…

US Ethane Vessels Stalled After Export Licenses Requested

Jun 06, 2025

Over half a dozen U.S.-loaded ethane vessels, originally bound for China, have stalled around the U.S. Gulf Coast after Washington requested U.S. exporters seek licenses to ship the shale gas to the top buyer, according to trade sources and ship tracking data on Friday…

MPA and NYK Collaborate on Autonomous Ship Technology

Jun 05, 2025

The Maritime and Port Authority of Singapore (MPA), NYK and MTI Co., have conducted a joint workshop on port-to-port maritime autonomous surface ship (MASS) trials.The MASS trials are testing the interoperability of autonomous vessels with port-based systems…

Trump Hobbles NOAA Team That Reopens Ports After Hurricanes

Jun 03, 2025

A Florida-based federal emergency response team that reopens U.S. ports after storms and accidents is unstaffed this hurricane season largely due to widespread federal workforce reductions driven by the Trump administration, according to two sources familiar with the matter…

Orders For US-Manufactured Goods Drop In Light of Tariff Uncertainty

May 27, 2025

New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter…

Investcorp to Invest $550M in Oman’s Port of Duqm Expansion

May 19, 2025

Alternative investment firm Investcorp has signed a cooperation agreement to invest in a $550 million infrastructure project in Port of Duqm in Oman.Investcorp Aberdeen Infrastructure Partners (AIIP) – a joint venture with Aberdeen plc, will be the shareholder in the project…

Tech, Digitalization Reshape Traditional Maritime Jobs

Apr 21, 2025

The maritime industry is a cornerstone of the global economy, facilitating over 90% of world trade and generating billions in economic activity. In the United States, waterfront employment represents a critical sector, supporting nearly 21.8 million jobs and contributing approximately $2…

Proposed Port Fees Could Choke U.S. Coal, Ag Exports

Mar 19, 2025

President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle to find ships to send goods abroad…

“American Cargo For American Ships Act” Introduced

Mar 11, 2025

Coast Guard and Maritime Transportation Subcommittee Ranking Member Salud Carbajal (CA-24) and Chair Mike Ezell (MS-04) introduced the bipartisan “American Cargo for American Ships Act” to strengthen U.S. Cargo preference laws and promote American economic growth…

Port of Albany receives grant to support electrification infrastructure and maritime commerce

Mar 06, 2025

New York Governor Kathy Hochul announced that the Albany Port District Commission (APDC) was awarded an $18.79 million grant from Empire State Development’s Focused Attraction of Shovel-ready Tracts New York (FAST NY) program for utility infrastructure work at Beacon Island…

Service Fees on Chinese Vessels Could Cost Billions

Feb 27, 2025

VesselBot has highlighted the significant financial exposure for major container shipping lines under the Office of the United States Trade Representative (USTR) proposed Section 301 service fees targeting China's maritime sector.USTR is proposing…

Logistics News

Ship Design, Maritime Accidents and There’s a Master on the Run

Ship Design, Maritime Accidents and There’s a Master on the Run

Maersk: Effective US Tariffs Average Around 21% Currently

Maersk: Effective US Tariffs Average Around 21% Currently

US Grain Shipments Surge 9% in face of Chinese Tariffs

US Grain Shipments Surge 9% in face of Chinese Tariffs

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

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