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
U.S. President Donald Trump's administration is on a mission to weaken China's global network of ports and bring more strategic terminals under Western control, according to three sources familiar with the plan.The drive is part of the most ambitious effort to expand U.S. maritime influence since the 1970s and is designed to address growing fears in Washington that it would be at a disadvantage
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.
The United States is preparing to impose docking fees at its ports on any ship belonging to a fleet that includes Chinese-built or Chinese-flagged vessels, according to a draft executive order, a move aimed to both revitalize U.S. shipbuilding while countering China’s dominance in global shipping and shipbuilding.
CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U.S. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in U.S.
U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S.
CMA CGM will build and deploy a zero emissions inland transport solution in Vietnam, a solution the company says is a "100% green electricity barge coupled with dedicated charging infrastructures" supplied by a new solar farm at Gemalink terminal in Cai Mep (25% owned by CMA CGM Group).
This week at MarineLink…An Australian Prime Minister once famously (infamously) said: “Life wasn’t meant to be easy.”He could have been talking about the maze of IMO and EU regulations relating to new fuels, especially the concept of well-to-wake emissions.It’s not enough to have a clean-burning engine or even an onboard carbon capture system.
This week at MarineLink…The IMO 2020 Sulfur Cap essentially ushered in a new type of fuel - VLSFO. With it came the engine problems caused by off-spec or incompatible fuels as producers grappled with the requirement for providing a sulfur content not exceeding 0.05%. As pointed out in Lloyd’s Register’s 2024 Fuel Quality Report, persistent issues involving cat fines, stability
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come
Investment holding company Ocean Wilsons has agreed to sell its 56.47% stake in Brazilian unit Wilson Sons to shipping services provider SAS for 4.35 billion reais ($764.9 million), it said on Monday.London-listed Ocean Wilsons, which is the controlling shareholder of shipping firm Wilson Sons, said in a statement it was a "compelling time" for the sale
TotalEnergies and CMA CGM Group have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the port of Rotterdam, in the Netherlands.The strategic partnership reflects the shared ambition of both French companies to work jointly towards the acceleration of the energy transition