China and the United States sank into a deepening trade conflict that roiled financial markets Tuesday after U.S. President Donald Trump threatened to impose tariffs on an additional $200 billion of Chinese products, prompting Beijing to accuse Washington of starting a trade war.Trump said Monday his threat was retaliation for China's decision to raise tariffs on $50 billion of U.S.
China's threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.In an escalating spat over the United States' trade deficit with most of its major trading partners, including China, U.S.
Liberty Global Logistics (LGL) announced today that Paul “Chip” Jaenichen, former U.S. Maritime Administrator, has joined the Company as its Executive Vice President – US Flag. In his new position, he will be responsible for the oversight of the day to day aspects of the Company’s business relating to U.S. flag, government relations, strategic business initiatives and US cargo opportunities.
The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods.The move, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday
At first glance from above it looks like any clean and neatly planned small town, complete with sports grounds, neat roads and large civic buildings. But the town is on Subi reef in the Spratlys archipelago of the hotly contested South China Sea and, regional security experts believe, could soon be home to China's first troops based in the maritime heart of Southeast Asia.
A U.S. judge said on Tuesday he would approve Seadrill Ltd's plan to exit its Chapter 11 bankruptcy, in which the global offshore oil and gas drilling company would shed billions of dollars of debt and raise $1 billion in new investment. U.S. Bankruptcy Judge David Jones in Houston overruled two minor objections to the reorganization plan during a 90-minute hearing.
With a significant portion of its land below sea level, the Netherlands has had to be smart about protecting its coastline. Enter the "sand motor," an ingenious and ecologically sensitive solution to maintaining coastline while letting nature do the work. In this approach, large amounts of sand are strategically deposited and then, over a long period of time
European Union leaders called on Friday for a temporary exemption from U.S. import duties on steel and aluminium to be made permanent, saying they reserved the right to respond in an "in a proportionate manner" to protect the bloc's interests. The 40-day exemption granted by Washington was like U.S. President Donald Trump "putting a gun to our head", Belgium's prime minister complained.
Chinese salvage crews are still trying to remove 1,900 tonnes of bunker fuel, the heavy oil used in ship engines, from a sunken Iranian oil tanker, the Ministry of Transport said on Thursday, almost a month after it collided with a freight ship. If the fuel is not cleaned up, it could pollute the marine environment, the ministry warned in a release.
A court in Taiwan has released on bail a man prosecutors allege to have made false declarations in the case of a Hong Kong-flagged tanker suspected of transferring oil to North Korea in violation of international sanctions. The man, surnamed Chen, said the vessel was bound for Hong Kong, despite knowing it was bound for international waters to traffic oil products
The U.K.’s newest aircraft carrier HMS Queen Elizabeth was commissioned into the Royal Navy fleet this morning by Her Majesty The Queen. Serving as the ship's Lady Sponsor, The Queen addressed guests before the ship's Commanding Officer, Captain Jerry Kyd, and read the commissioning warrant at a ceremony in Portsmouth Naval Base.
NOAA partners with Paul G. Allen Philanthropies; new Deep Argo buoys to probe ocean currents that drive weather and climate Microsoft co-founder and philanthropist Paul G. Allen and NOAA’s Pacific Marine Environmental Laboratory will deploy a large array of new deep ocean floats to expand ocean observations in a key area of the western South Atlantic Ocean.