The U.S. is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China's growing dominance on the high seas."While some observers believe the October 14 deadline may be extended - or even scrapped - as part of broader negotiations
The US Coast Guard Investigative Service (CGIS) has arrested the captain of the 8,814-TEU container ship MSC Jubilee IX for suspicion of operating the vessel while intoxicated following a boarding at Terminal 5 in Seattle, August 20.Watchstanders at Coast Guard Sector Puget Sound were notified by a Puget Sound Pilot aboard the MSC Jubilee IX
At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to speed, pause, or alter their journeys.Washington's decision to join Israel's attacks on Iran has stoked fears that Iran could retaliate by closing the strait between Iran and Oman through which around
The world's largest car carrier making its maiden voyage is generally cause for celebration. But in the case of Chinese car manufacturer BYD and its mammoth new BYD Shenzhen -- a 16,300 dwt, 9200 CEU, LNG Dual-Fuel PCTC that measures 219.9 x 37.7m with a 9.2m draft -- the ship instead represents the flooding of a market with cheap electric vehicles (EVs).
Former Iranian Economy Minister Ehsan Khandouzi has said that tankers and LNG cargoes should only transit the Strait of Hormuz with Iranian permission and this policy should be carried out from "tomorrow [Wednesday] for a hundred days."It was not immediately clear whether Khandouzi was echoing a plan under theIranian establishment's consideration or sharing his personal opinion.
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.
Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S.
Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy markets.The gas had kept flowing despite nearly three years of war, but Russia's gas firm Gazprom said it had stopped at 0500 GMT after Ukraine refused to renew a transit agreement.
U.S. warships shot down drones and missiles fired by Yemen's Houthis while they were transiting the Bab al-Mandab Strait, the Pentagon said on Tuesday.Earlier on Tuesday, the Houthis said they conducted two military operations against U.S. naval vessels in the Red and Arabian seas which the group's military spokesperson said lasted for eight hours.
The Panama Canal Authority could double in coming years the number of containers that move through the commercial waterway that links the Pacific and the Atlantic oceans, the canal's chief told a maritime conference.The authority, which has an $8 billion investment plan, is putting in place a water conservation strategy following a severe drought that forced ships between late 2023 and early
A Donald Trump presidential election victory [which as of this writing looks most likely] would have huge implications for U.S. trade policy, climate change, the war in Ukraine, electric vehicles, among other areas. While some of his proposals would require congressional approval, here is a summary of the policies he has said he would pursue in his second four-year term in office:MORE
China's Ministry of State Security said on Tuesday that it had retrieved spying devices both on the ocean surface and in the depths of the sea, including underwater "lighthouses" that could guide the transit of foreign submarines.The ministry said it had uncovered devices that had been hidden on the ocean floor and were sending back information that could "pre-set the field for battle