Small importers for large U.S. retailers rushed in China-made strollers and wares meant for spring and are storing the goods in their own warehouses to avoid the big tariff bills that had been threatened over the next month.Before Sino-American talks on the sidelines of the ASEAN Summit in Kuala Lumpur eliminated the threat of U.S.
Late British tech tycoon Mike Lynch's sunken superyacht will be recovered from the sea off the coast of northern Sicily this weekend, the company leading the salvage operation said on Wednesday.The 56-metre-long (184-foot) Bayesian was moored off the small port of Porticello, near Palermo, in August last year when it sank during a severe and sudden weather event, killing seven people
India's diesel exports to Southeast Asia for May are expected to be the highest in at least four years, according to shiptrackers and three trade sources, as traders eyed higher profits in Asia and as higher freight costs deterred shipments to Europe.Increased diesel exports from India, one of the largest suppliers in the region
The EU and Britain announced new sanctions against Russia on Tuesday without waiting for Washington to join them, a day after President Donald Trump's phone call with Vladimir Putin brought about neither a ceasefire in Ukraine nor fresh U.S. sanctions.London and Brussels said their new measures would zero in on Moscow's "shadow fleet" of oil tankers and financial firms that have helped it avoid
Work to recover the late British tech tycoon Mike Lynch's sunken superyacht off the coast of northern Sicily has been paused following the death of a diver involved in the operations, the company leading the effort said on Saturday.The 56-metre-long (184-foot) Bayesian was moored off the small port of Porticello, near Palermo, in August last year when it was likely hit by a downburst
The recovery of British tech tycoon Mike Lynch's superyacht from the waters of northern Sicily is expected to begin in the coming weeks to help shed light on how a supposedly unsinkable vessel disappeared into the sea last August.The 56-metre-long (184-foot) Bayesian, with its majestic single 72-metre mast, was moored off the small port of Porticello when it was likely hit by a downburst
The investigation into the deaths of British tech tycoon Mike Lynch, banker Jonathan Bloomer and members of their families who perished when a luxury yacht sank last year will take many months, a British inquest was told on Tuesday.Lynch, his 18-year-old daughter Hannah and Morgan Stanley International chairman Bloomer and his wife Judith died when the superyacht "Bayesian" sank during a severe
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday and posted its third straight weekly loss, weighed down by weaker rates across vessel types.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 46 points to 778 points, its lowest level since February 2023.
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened.The index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 36 points at 987 points, its lowest level since Jan. 9. It was down 5.8% for the week.
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates across the capesize and supramax segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 40 points at 1,023 points, its lowest level in a week.
U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.Trump, who has threatened to slap tariffs of 10% to 60% on goods from China, takes office on Jan. 20.