Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.China's retaliation intensified the economic turmoil unleashed by Trump's tariffs
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.
A tanker carrying jet fuel for the U.S. military was hit by a container ship off northeast England on Monday, with the collision igniting a blaze on both vessels, causing multiple explosions and forcing both crews to abandon ship.The tanker, which can carry tens of thousands of tons of jet fuel, was at anchor when the smaller container ship struck it
In a move to restore full domestic ferry service by summer, Governor Bob Ferguson said that Washington State Ferries (WSF) will delay the hybrid-electric conversion of two of the state’s largest ferries. The decision comes as WSF works to increase its operational fleet, ensuring that 18 vessels are in service simultaneously for the first time since 2019.
Manson Construction has long been a pillar of the U.S. maritime industry, rooted in a tradition of U.S.-built, U.S.-owned, and U.S.-operated vessels. The company was founded in 1905 by Peter Manson, when he dug up a jar of gold coins [because he didn’t trust the banks] and purchased a winch, a winch that was then put on a barge and that became Manson's first pile driver.
This past year won’t soon be forgotten. In 2025, conventional thinking about economics and investor behavior was frequently challenged, as dramatic changes in technology, energy and geopolitics drove markets in often unexpected ways.As the clock turns to 2026, here are 8 general market movers that can help explain what happened in 2025 and what it might mean for 2026 and beyond.1.
![IMO: Stick to Your [Sustainability] Guns](https://images.marinelink.com/images/maritime/w300h300c/copyright-yellow-boatadobestock-166363.jpg)
IMO has kicked the can of sustainability down the road by delaying the Net Zero Framework. It was a strange retreat.It looked like there would be a useable Framework to reduce emissions, but at the meeting the US fought its implementation tooth and nail and threatened other states if they accepted it.
ABS launched ABS EagleTwin, a web-based structural digital twin solution tailored for FPSO, FLNG and FSRU owners and operators aimed at improved safety for offshore operations. ABS EagleTwin provides an interactive 3D digital representation of an offshore asset to enable more informed decision-making for repair and inspection operations.
Canada's merchandise trade deficit widened in August to C$6.32 billion ($4.53 billion), its second highest on record, as exports both to the U.S. and the rest of the world fell, data showed on Tuesday.The August data had been expected to show a more permanent impact of U.S. President Donald Trump's tariffs on Canada
U.S. President Donald Trump issued an executive order on Wednesday imposing an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil.The additional tariffs mean India will face the highest levy along with Brazil, putting it at a significant disadvantage against regional competitors such as Vietnam and Bangladesh.
Genetec Inc., a leader in enterprise physical security software, announced that the Port of Barcelona has successfully implemented Genetec Security Center, improving the port’s safety, efficiency, and operational capabilities.As one of the Mediterranean’s major logistics hubs, the Port of Barcelona has experienced continuous growth in recent years
Since entering service in 2015, the all-electric ferry MF Ampere has sailed the equivalent of 17 times around the equator on batteries alone.Despite a chorus of critics and skeptics in during the project, a decade later, Ampere continues to showcase the potential of electric technology, tech that has been emulated in ferries globally.