Rates for shipping containers from southeast Asia and Vietnam have risen above rates from China to the US as tariffs – and a 90-day pause on reciprocal tariffs – are already shifting global trade patterns. Peter Sand, chief analyst at ocean and freight rate analytics firm Xeneta, said he is now...
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Tariffs may mean more US steel jobs. Will there be workers to fill them?
Thomas Reisinger commutes almost an hour-and-a-half each way for a job in a cavernous steel processing plant here. “I don’t speed,” he said dryly. Some of his coworkers come from much farther, including one who spends workweeks living in a camper and returns home only at weekends. This corner of...
GMS Week 17 – PRECARIOUS!
As Team Trump finally concedes defeat and retreats on its tariff plans not only for the entire world, but also on China by confirming that the tariffs won’t be “anywhere near the 145%” as originally tweeted. And while some saw a semblance of sanity pervading through, others are now suspecting...
https://www.hellenicshippingnews.com/gms-week-17-precarious/
New Atlantic ECA links Europe and North America
At the 83rd session of the IMO’s Marine Environment Protection Committee (MEPC 83) , the MEPC approved a proposal to designate the North-East Atlantic Ocean as an ECA for nitrogen oxides (NOx), sulphur oxides (SOx) and particulate matter (PM) emissions, amending MARPOL Annex VI Regulations 13 and...
https://www.hellenicshippingnews.com/new-atlantic-eca-links-europe-and-north-america/
Japan mulls buying more US corn as part of tariff talks, Nikkei reports
Japan is considering increasing its corn imports from the United States as part of trade negotiations over President Donald Trump’s sweeping tariffs, the Nikkei reported on Friday. The U.S. exported $2.8 billion worth of corn to Japan in 2024, to counter an 80% drop in exports to China. Hiroshi...
LNG Shipping Market Stages Strong Recovery
LNG The LNG market showed a notable shift this week, with a strong recovery in the Atlantic basin while the Pacific was mixed. On the BLNG1 Gladstone–Tokyo route, 174k cbm vessels declined by $1,000, closing at $22,200 per day, while 160k cbm vessels edged up by $200, settling at $13,800 per day....
https://www.hellenicshippingnews.com/lng-shipping-market-stages-strong-recovery/
Konecranes helps streamline EUROGATE’s STS operations with crane relocations in Hamburg
In 2024, terminal operator EUROGATE had two Ship-to-Shore (STS) cranes relocated on their Hamburg wharf. One crane at the end of its service life was moved to facilitate the dismantling process. Another crane was then moved from its location in the line to replace the out-of-service crane, a...
India urging firms to acquire overseas iron ore, coking coal assets, official says
India is encouraging companies to acquire iron ore, coking coal, and other key raw material assets overseas, Steel Secretary Sandeep Poundrik said on Saturday, as the country ramps up its steelmaking capacity to meet rising demand. “We are encouraging our companies to acquire assets abroad, right...
Bangladesh accelerates efforts to tackle GHG emissions from shipping with National Action Plan
Bangladesh has officially launched the development of a National Action Plan (NAP) to reduce greenhouse gas (GHG) emissions from shipping. This marks a critical step toward aligning the country’s maritime sector with the 2023 IMO GHG Strategy and MARPOL Annex VI. IMO resolution MEPC.367(79),...
China’s bonded bunker fuel imports grow in March – JLC
China imported a total of 665,800 mt of bonded bunker fuel last month, marking a significant surge of 73.7% from the same period last year, JLC reported citing data from China’s General Administration of Customs (GACC). The increase was driven by tight VLSFO supply in the domestic market and lower...
https://www.hellenicshippingnews.com/chinas-bonded-bunker-fuel-imports-grow-in-march-jlc/