This week’s New ConTex Index reflects, again, a notably stable market environment, with only marginal fluctuations across all segments. Source: Verband Hamburger und Bremer Schiffsmakler e.V
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Gibson tanker report – Liberation Day
On Wednesday the 2nd of April, the much-anticipated Liberation Day came to pass. US President Donald Trump made true his threats Source: GIBSON SHIPBROKERS LTD
https://www.hellenicshippingnews.com/gibson-tanker-report-liberation-day/
Ratings agency S&P to review all global forecasts after US tariff shock
Credit ratings giant S&P Global has said it is reviewing all its macro economic forecasts in the wake of Donald Trump’s sweeping world trade tariffs this week, a move likely to fuel concerns of a renewed wave of credit score downgrades. The firm, whose ratings judge the creditworthiness of...
EU should not retaliate in kind for US tariffs, French finance minister says
The European Union should not respond to U.S. President Donald Trump’s reciprocal tariffs with exactly the same counter-measures as it would impact EU consumers, French Finance Minister Eric Lombard said on Friday. Trump on Wednesday unveiled sweeping tariffs on dozens of countries with a baseline...
Best Oasis Weekly Recycling Market Report, 04 April 2025
The ship recycling market remained relatively quiet this week, with activity slowing down in several key destinations due to holidays. Source: Best Oasis Limited
https://www.hellenicshippingnews.com/best-oasis-weekly-recycling-market-report-04-april-2025/
White House exempts many metals, minerals from fresh US tariffs
The US government exempted a slew of metals and minerals from its sweeping new tariffs in a move that some experts said was an attempt to bolster domestic manufacturing. President Donald Trump announced reciprocal import taxes April 2 as the US tries to reshore manufacturing and address what the...
https://www.hellenicshippingnews.com/white-house-exempts-many-metals-minerals-from-fresh-us-tariffs/
China files complaint with WTO over new US tariffs
China said it had opened a formal complaint against the new U.S. tariffs with the World Trade Organization on Friday, saying the measures violate WTO rules and requesting consultations. Earlier, China announced retaliatory additional tariffs of 34% on U.S. goods, the most serious escalation in a...
https://www.hellenicshippingnews.com/china-files-complaint-with-wto-over-new-us-tariffs/
UN carbon pricing on shipping nears finalisation in London next week
The UN’s International Maritime Organization (IMO) is entering the final stage of negotiations on a carbon price on international shipping–the world’s first global pricing of emissions on any sector–at the 83rd session of the Marine Environment Protection Committee (MEPC 83) meeting in London next...
Trump’s trade policies triggered largest Asian equity outflows in at least 15 years in Q1
Foreign investors withdrew the largest amount of money from Asian equities in about 15 years in the quarter to March ahead of U.S. President Donald Trump’s major tariff announcement – and some say the region may see more selling as investors head for safe-haven assets. Overseas investors divested...
GPA grows March container trade 22.5 percent
In its busiest March ever, the Port of Savannah’s container trade increased by 22.5 percent or 98,000 TEUs compared to the same month last year. In intermodal cargo, the Port of Savannah set an all-time record of 52,645 containers moved by rail, an increase of 17 percent over the same month last...
https://www.hellenicshippingnews.com/gpa-grows-march-container-trade-22-5-percent/