On Friday, China announced a tariff increase of 34% on all US imports, in retaliation to the new tariffs announced by US President Donald Trump. These are in addition to tariffs implemented in February and March, focusing on goods such as grains, coal, LNG and crude oil.In 2024, China was the third largest importer of US exports (measured by value), accounting for 7% of US exports.
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.
On February 21, 2025, the Office of the US Trade Representative (UST) released a notice of a proposal to impose wide-ranging fees on shipping companies and vessels with a Chinese nexus. The USTR has yet to release regulatory or administrative language that implements the proposals, and there is no guarantee this will actually happen.
The offshore wind sector is bracing for transformative changes as it navigates shifting political landscapes and evolving market demands. To shed light on the current state of the industry, Maritime Reporter TV interviewed Phil Lewis, Director of Research at Intelatus, an international offshore energy markets expert
U.S. warships shot down drones and missiles fired by Yemen's Houthis while they were transiting the Bab al-Mandab Strait, the Pentagon said on Tuesday.Earlier on Tuesday, the Houthis said they conducted two military operations against U.S. naval vessels in the Red and Arabian seas which the group's military spokesperson said lasted for eight hours.
Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at a faster rate than LNG production is rising and spot demand still tepid.New LNG tankers, built in anticipation of rising U.S.
Hanwha Ocean on Wednesday announced it has secured a contract that makes it the first Korean shipbuilder to provide maintenance, repair, and overhaul (MRO) services for the U.S. Navy.The 40,000-ton U.S. Navy dry cargo and ammunition ship USNS Wally Schirra is undergoing maintenance and inspection at Hanwha Ocean’s Geoje shipyard
A U.S. nuclear-powered submarine will undergo maintenance in Australia for the first time on Friday, a key step by AUKUS partners to deter aggression in the Indo-Pacific, the defense ministers of Australia, Britain and the United States said.Australian personnel trained with the United States and Britain over the past year ahead of the submarine maintenance at HMAS Stirling in Western Australia
A crude oil tanker has reported four attacks off Yemen's port of Mokha during the last 24 hours, the United Kingdom Maritime Trade Operations agency said on Friday, and the vessel's manager said the ship and its crew were safe.Yemen's Iran-aligned Houthi militants have launched attacks on international shipping in the Red Sea region since November in solidarity with Palestinians in the war
U.S. military forces have struck at targets in Houthi-controlled Yemen in the past 24 hours, destroying two drones, a Houthi ground control station, and three anti-ship cruise missiles, the U.S. Central Command (CENTCOM) said.Earlier, the Iran-aligned Houthi movement said it had attacked a container ship in the Red Sea and two U.S. destroyers in the Gulf of Aden on Wednesday.
Yemen's Houthis launched a missile attack in the direction of the U.S. aircraft carrier Eisenhower in the Red Sea in response to U.S. and British strikes on Yemen, the Iranian-backed group's military spokesperson Yahya Saree said on Friday.A U.S. defense official told Reuters they were not aware of any attack on the Eisenhower.Six U.S.
U.S. regulators are investigating potential unfair trade practices within pending Canadian regulations governing ballast water management systems of ships in the U.S.-Canada Great Lakes trade.The Federal Maritime Commission (FMC) on Tuesday said it launched the probe to determine if the pending regulations have a disparate effect on U.S.