Shipping

Genco Shipping Prepares for Impact of Potential U.S.-China Shipping Fees

2 hours ago

In a significant move that could reshape trade dynamics, Genco Shipping and Trade Ltd. has announced plans to reposition its fleet in anticipation of increased shipping costs due to proposed fees by the U.S. government on vessels operating between the United States and China. The shipping industry, already facing challenges from supply chain disruptions, may see further complications as tariffs on shipping services are considered in the ongoing trade disputes.

Shipowners Revamp Contracts in Response to US Tax on Chinese Vessels

5 days ago

In a strategic pivot, shipowners are reworking their contractual agreements as they react to a newly implemented U.S. tax specifically targeting vessels from China. This decisive move comes in the wake of evolving tariffs and tax regulations aimed at addressing the perceived trade imbalances and unfair competitive conditions affecting the shipping industry.

Dole Reports Potential Rise in Banana Prices Due to New Port Fees on Chinese Ships

6 days ago

In a significant development for the global banana market, Dole Food Company has issued a warning about an upcoming increase in banana prices, directly linked to new port fees that are being imposed on Chinese ships. This new tariff, aimed primarily at the importation of goods, is expected to have substantial ramifications not only for the cost of bananas but also for the broader produce sector.

Trump’s Trade Wars Fuel Tensions in Supply Chain Dynamics

6 days ago

In the latest developments on the global supply chain landscape, the repercussions of former President Donald Trump’s trade wars are coming to the forefront again, particularly impacting relationships with China. Tensions are escalating as stakeholders grapple with the complexities arising from tariffs and shipping mandates that have shifted the dynamics of international trade.

UPS Unveils Innovative Tariff Calculation Tool for Global E-Commerce

6 days ago

UPS has launched a new tool designed to streamline the complexities of international shipping for e-commerce businesses. This tool comes at a crucial time when cross-border trade is intensifying, prompting companies to find more efficient ways to manage shipping costs, particularly tariffs.

Yara Positioned to Ramp Up Ammonia Production Amid New Shipping Regulations

6 days ago

Yara International, a renowned leader in the global fertilizer industry, has expressed readiness to increase its ammonia production in response to anticipated changes in shipping regulations. These regulations are expected to stimulate demand for ammonia, a key ingredient used not only in agriculture but also in various industrial processes.

Trump's New Tariffs on Chinese Ships: A Looming Trade Apocalypse?

9 days ago

In a striking move that could reshape international trade dynamics, former President Donald Trump is reportedly preparing to implement significant tariffs on Chinese ships, potentially amounting to billions of dollars. This decision stems from a renewed focus on protecting American manufacturing and addressing perceived unfair trade practices by China.

Caribbean Nations Express Concerns Over Fines Impacting China-Made Vessels

10 days ago

The Caribbean region is currently facing significant apprehension regarding the potential repercussions of hefty fines imposed on vessels manufactured in China. Local governments are particularly worried about how these penalties might affect their shipping industries and overall maritime trade.

Shipping Industry Voices Concerns Over Trump’s Proposed Port Fees

13 days ago

The American Association of Port Authorities (AAPA), a significant representative body in the shipping and trade sector, has openly criticized former President Donald Trump’s proposed plan to impose new fees on cargo containers entering U.S. ports. The AAPA warned that such a fee structure could negatively impact not just shipping companies but also consumers and the economy at large.

Shell Achieves Milestone, Delivering Record Marine LNG Supplies in 2024

19 days ago

In a remarkable achievement for the maritime fuel industry, Shell has reported that it has delivered an unprecedented volume of liquefied natural gas (LNG) to vessels throughout 2024. This achievement underscores Shell's commitment to supporting the shipping sector in its transition towards cleaner energy sources and is a prominent step forward in reducing carbon emissions from maritime operations.