Since U.S. President Donald Trump imposed steep tariffs on China last month, Beijing has responded in kind. On state and social media, it posted images of Mao Zedong, lambasted “imperialists,” and sent a message: capitulation to bullies is dangerous, and it wouldn’t back down. But behind closed...
https://www.hellenicshippingnews.com/inside-chinas-decision-to-come-to-the-table-on-trump-tariffs/
China has full confidence in its ability to manage U.S. trade issues, Vice Foreign Minister Hua Chunying said on Friday, a day before officials from both sides are set to meet in Switzerland to discuss the tariffs they have imposed on each other. “We have no fear,” Hua told a small group of...
Even though container ships are primarily designed to transport standard containers, they can also accommodate breakbulk cargo, items that exceed the limitations of container dimensions. This capability is especially evident on the largest container ships offering direct weekly services between the...
https://www.hellenicshippingnews.com/breakbulk-cargo-finds-a-place-on-container-ships/
Our local correspondents in India and Pakistan have provided the following updates on the current situation. India Port situation: Currently, all ports in India, including the ports close to the border with Pakistan, remain operational. Impact on air traffic: For unknown reasons, the Bhuj, Kandla...
https://www.hellenicshippingnews.com/port-situation-in-india-and-pakistan/
AD Ports Group, an enabler of integrated trade, transport, industry, and logistics solutions, today announced its financial results for the first quarter ending 31st March 2025. Building on the momentum of 2024’s record financial performance, AD Ports Group started 2025 with impressive double-digit...
Greek industrial output rose by 1.7% year-on-year in March, after an upwardly revised 6.0% increase in February, data from statistics service ELSTAT showed on Friday. A breakdown of index components showed manufacturing production rose 1.9% from the same month in 2024. Electricity output was up by...
https://www.hellenicshippingnews.com/greek-industrial-output-rises-1-7-y-y-in-march/
Middle East crude benchmark spot premiums of Oman, Dubai and Murban ticked up on Friday and posted gains on a weekly basis amid firm demand. Meanwhile, oil market sentiment improved this week with macro news such as a new trade agreement hammered out between the United States and Britain, and...
https://www.hellenicshippingnews.com/middle-east-crude-benchmarks-rise-post-weekly-gains/
U.S. natural gas futures climbed about 3% to a one-month high on Friday on a drop in output in recent weeks and forecasts for more demand next week than previously expected as gas flows to liquefied natural gas (LNG) export plants increase. Gas futures for June delivery on the New York Mercantile...
Prices of base metals were mixed on Friday as traders’ focus shifted to U.S.-China trade talks this weekend, after a limited bilateral deal was announced between Washington and London. Benchmark copper on the London Metal Exchange (LME) fell 0.8% to $9,364 a metric ton as of 0706 GMT. The contract...
https://www.hellenicshippingnews.com/base-metals-mixed-ahead-of-us-china-trade-talks/
Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic impact of tariffs have raised short-term oil price volatility, the U.S. Energy Information Administration said. Oil prices hit a four-year low on Monday after the Organization of...