President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, including some of the United States' biggest trading partners, deepening a trade war that he kicked off on his return to the White House.
The collective scramble to move as much physical copper as possible to the U.S. before the imposition of import tariffs is creating shortages in the rest of the world.London Metal Exchange (LME) stocks have fallen to nearly two-year lows with time-spreads flaring into backwardation as inventory drains away.This tariff trade will continue until U.S.
NR Marine Services has commissioned Chartwell Marine to design a new crew transfer vessel (CTV) in response to client requests for a new class of vessel capable of supporting older generation assets, now referred to as legacy turbines.Chartwell Marine has developed the Defiant Class vessel
The UK’s Milford Haven Port Authority (MHPA) has retrofitted Zelim’s SWIFT man-overboard recovery conveyor to a 19-meter pilot vessel as part of a three-month trial to assess the system’s capability in high sea states.The Port of Milford Haven, located in Pembrokeshire in Wales, frequently endures high sea states due to its geographical location and exposure to Atlantic swells.
- An expanding Hurricane Milton churned toward Florida's battered Gulf Coast on Tuesday, where more than 1 million people were ordered to evacuate a day before the monster storm is forecast to slam the Tampa Bay area.Milton, which exploded on Monday into one of the most intense Atlantic hurricanes on record, was forecast to make landfall late on Wednesday
The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble.The Drewry World Container Index's spot rate for such a shipment hit $9,387 on July 11.
North Star, specialist vessel operator for offshore infrastructure support services, has been announced as the first mover on the Midi-SOV – a new offshore wind ship design developed by Chartwell Marine and Vard that bridges the gap between crew transfer vessel (CTV) and service operation vessel (SOV).
On Nov. 10, the day before Veterans Day, I had the honor of participating in a celebration of another group of veterans whose contributions as the nation’s Fourth Arm of Defense is not widely known: The Merchant Marine.The U.S. Merchant Marine emblem was added to Veterans Memorial Plaza in Anacortes in a brief ceremony attended by Xochitl Castaneda
Thordon Bearings has delivered COMPAC water-lubricated propeller shaft and SXL rudder bearings to replace oil- and grease- lubricated bearings onboard McKeil Marine’s bulk carrier Northern Venture as part of a major refurbishment project.Established in 1956, Canada-based McKeil Marine provides marine transportation along the St.
UK naval architecture company Chartwell Marine has announced its expansion into the Asia-Pacific (APAC) region with the hire of Fabien Lecuona.Lecuona brings over 13 years of experience in APAC maritime and has worked in multiple industries throughout his career, including maritime electronics and engine manufacturing.