Nippon Yusen (NYK), Japan's largest shipping line, is concerned that U.S. President Donald Trump's tariffs could push up the cost of automobiles and daily goods, denting consumer demand and slowing cargo flows, its president said."The tariffs are not directly borne by consumers, but the burden ultimately falls on them, which in turn reduces the actual flow of goods.
Fears of an environmental disaster eased on Wednesday, two days after a container ship ploughed into a stationary U.S. fuel tanker off northeast England, as the vessel's owner said the detained captain was a Russian national.The Portuguese-flagged Solong had crashed with no obvious explanation into the larger Stena Immaculate, a tanker carrying jet fuel for the U.S. military.
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.
Massachusetts Maritime Academy (MMA) officially took custody of its new training ship Patriot State during a handover ceremony on October 11.The vessel is the second of five being built by Philly Shipyard under the U.S. Department of Transportation Maritime Administration’s (MARAD) National Security Multi-Mission Vessel (NSMV) program, designed to provide a purpose-built
A.P. Moller - Maersk on Wednesday held a naming ceremony in the U.K.'s Port of Felixstowe for its latest dual-fuel methanol container vessel, Alexandra Maersk.The newbuild is the the sixth vessel in Maersk’s owned fleet that is capable of running on methanol fuel in its main and auxiliary engines
New standards for bunkering methanol and ammonia will be developed by 2024 and 2025 respectively, the Maritime and Port Authority of Singapore (MPA) said on Wednesday.The world's largest vessel refueling hub is preparing for higher uptake of alternative bunker fuels, which shippers are considering using to help lower carbon emissions.
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.The strike ended sooner than investors had expected, weakening shipping stocks across Asia on Friday as freight rates were no longer expected to surge.
President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.The strike by the International Longshoremen's Association (ILA) union has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas
Patriot State, the second vessel in a series of new training ships for the U.S.' state maritime academies, was christened during a ceremony at Philly Shipyard on Monday ahead of scheduled delivery to Massachusetts Maritime Academy in the coming weeks. The vessel is the second of five being built by Philly Shipyard under the U.S.
The second vessel in a series of new training ships for the U.S.' state maritime academies has completed sea trials, build manager TOTE Services said.The National Security Multi-Mission Vessel (NSMV) Patriot State, built by Philly Shipyard and scheduled for delivery to the Massachusetts Maritime Academy later this year, completed the trials with participation from the shipyard, vendors
Hong Kong-based Cosco Shipping Ports said on Saturday that a worker died in an early-morning accident at a megaport it is building on Peru's Pacific coast.The worker was doing sanding and painting work at the deepwater Chancay Port Terminal when the accident occurred, the company said in a statement.
U.S. National Transportation Safety Board chair Jennifer Homendy said at a Senate hearing Wednesday that investigators had conducted interviews with key cargo ship personnel in the investigation of the March 26 Baltimore bridge collapse.The Dali cargo ship crashed into the Francis Scott Key Bridge on March 26, sending it crashing into the harbor and killing six people.