SHIPS for America Act targets shift of China import cargo to US vessels
News 20 Dec 2024 by Jasmina Ovcina Mandra A new wave of protectionist measures is making its way through the US Congress with the introduction of the SHIPS for America Act. đ © Shutterstock A bipartisan group of US lawmakers* has introduced the SHIPS for America Act, which aims to âbolster Americaâs maritime industryâ and…
gCaptain Endorses The Ships For America Act
U.S. Navy Photo John Konrad December 19, 2024 by Captain John Konrad (gCaptain) Senator Mark Kelly, Congressman Trent Kelly, Senator Todd Young, and Congressman John Garamendi are set to introduce the bipartisan, bicameral SHIPS for America Act, a groundbreaking piece of legislation aimed at revitalizing the U.S.-flag international fleet, bolstering the U.S. shipyard industrial base,…
Trump will have a 'heavy impact on container volumes', warns Wan Hai chief
Photo: Wan Hai Lines By Alison Koo 19/12/2024 US president-elect Donald Trumpâs policies will have a heavy impact on container volumes and supply chains, said Wan Hai Linesâ general manager Tommy Hsieh yesterday, as the Taiwanese carrier prepared for âanother strong yearâ. Firstly, Mr Trumpâs announcement of tariffs on imports from Mexico, Canada and China has…
Trump Signals Jones Act Policy Will Stay the Course
FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump takes the stage following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida, U.S., November 6, 2024. REUTERS/Callaghan O’Hare/File Photo/File Photo Mike Schuler December 18, 2024 President-elect Donald Trump has reignited the debate over…
Europe tightens net around Russiaâs shadow fleet
The European Union (EU) has sanctioned a further 52 vessels engaged in so-called âdark fleetâ high-risk operations of substandard ships sailing without proper insurance, inadequate manning, and lacking basic ship safety requirements. Paul Bartlett, Correspondent December 17, 2024 CREDIT: EUROPEAN UNION 2018 The latest sanctions, which take the total number of vessels to 79, target…
Implications for sanctions and the dark fleet under Trump 2.0
With a new Presidential administration in the US just over the horizon shipping market participants are greatly concerned about the potential for changes in sanctions. Barry Parker, New York Correspondent December 16, 2024 CREDIT: MARCUS HAND At a Glance Possible mass sanctioning of hundreds of dark fleet vessels Increased P&I premiums based on uncertainties in…
EU Delegationâs Campaign to Dismantle Jones Act Exposed in Government Filing
Crowley’s Jones Act ConRo, El CoquĂ, arrives in San Juan, Puerto Rico for the first time on July 30, 2018. Photo: Crowley Maritime Corp Mike Schuler December 12, 2024 A newly uncovered government disclosure has revealed a coordinated European Union effort to weaken one of Americaâs foundational maritime laws, including through a TikTok-style influence campaign.…
Trumpâs tariff war confirms geopolitics are replacing economics as the key driver for decisions
Geopolitics By Paul Hodges on 01-Dec-2024 Nobody can complain that President-elect Donald Trump isnât following through on his core election pledges. Even before he takes office on January 20, he has announced plans for emergency action to impose initial tariff barriers on Mexico, Canada and China. The concept of âemergency actionâ is key, as…
EU Reaches Long-Sought Mercosur Trade Deal Over French Objections
Port of Rotterdam. Shutterstock/nattanan726 Bloomberg December 7, 2024 By Ken Parks Dec 6, 2024 (Bloomberg) â The European Union and the South American Mercosur bloc clinched a long-sought trade deal over the vehement objections of France, which has pledged to lead a charge to obstruct its ratification. The sides agreed in principle on the terms…
US Justice Department cracks down on sanctions-busting
By Alexander Whiteman 06/12/2024 Forwarders are among those recently charged by US authorities with breaching sanctions on Russia by sending illegal exports of military and reconnaissance equipment. In the past month, four US dual-nationals, a resident of India and a Ukrainian national have been caught up in a US Department of Justice (DOJ) crackdown…
FMC to investigate Spainâs refusal to handle US freight
The US Federal Maritime Commission (FMC) will investigate whether Spanish authorities violated international agreements earlier this year. Nick Savvides, Europe correspondent December 5, 2024 IMAGE: APM TERMINALS Outgoing Federal Maritime Commissioner Carl Bentzel told Seatrade Maritime News that yesterdayâs FMC meeting debate and vote ended in agreement that there should be an investigation into whether…
Hapag-Lloyd CEO: Trump tariffs could pressure some sectors but wonât derail global trade
News 5 Dec 2024 by Jasmina Ovcina Mandra While potential tariffs under the incoming Trump administration are a concern, industry leaders believe that their impact on trade will be limited, with many seeing no reason for panic as they anticipate only mild economic effects. đ Rolf Habben Jansen © Hapag-Lloyd As 2024 winds down and…
EU to require Chinese companies transfer IP
BRUSSELS plans to force Chinese companies to transfer intellectual property to European businesses in return for EU subsidies as part of a tougher trade regime for clean technologies, reports the Financial Times. New criteria requiring Chinese businesses to have factories in Europe and share technological knowhow will be introduced when Brussels invites bids for EUR1…
Are shippers preparing for Trumpâs 2025 tariff 'curveball'?
Raised US import forecasts and recent rate index softening sends mixed signals on US stockpiling. Nick Savvides, Europe correspondent December 4, 2024 IMAGE: PORT OF LA In his most recent announcement on tariffs president elect Donald Trump said he would impose 10% tariff increases on all Chinese goods and 25% on Mexican and Canadian imports,…
FEPORT applauds Greeceâs commitment to undertake the necessary changes in its tonnage tax scheme opening a new âera of complianceâ and EU enforcement on tonnage tax
Brussels, 4thDecember 2024 On December 4th, 2024, FEPORT members gathered in Brussels for the General Assembly meeting of the organization. FEPORT takes note of the recent announcement by the Commission to formally record the acceptance of the proposed appropriate measures by Greece in order to modify its tonnage tax scheme following FEPORT action…
Spain refusing to handle US freight, says FMC
US Federal Maritime Commissioner Carl Bentzel has said that Spain is refusing to handle US cargo because it fears that weapons are being sent to Israel. Nick Savvides, Europe correspondent December 3, 2024 IMAGE: PORT DE BARCELONA US Federal Maritime Commissioner Carl Bentzel told Seatrade Maritime News that Spain is refusing to handle US cargo…
Trump tariffs could impact US tanker trades
Import tariffs on crude oil from Mexico and Canada could lead to higher prices for US consumers and redirect volumes, according to one broker. Paul Bartlett, Correspondent December 2, 2024 2 Min Read IMAGE: BY SHALEAH CRAIGHEAD – HTTPS://WWW.WHITEHOUSE.GOV/PEOPLE/DONALD-J-TRUMP/ (ARCHIVE), PUBLIC DOMAIN, HTTPS://COMMONS.WIKIMEDIA.ORG/W/INDEX.PHP?CURID=63768460 US President-elect, Donald Trump, has threatened to slap 25% tariffs on neighbours,…
UK eyes expanding its ETS to deepsea shipping â closing EU loophole
Port of Felixstowe © Graham Harris Dreamstime.com. By Charlie Bartlett technology editor 02/12/2024 A loophole allowing ocean carriers to dodge ETS charges via a port call in the UK could soon be closed, thanks to a government effort to expand the UKâs ETS scheme. Parliament is mulling adding deepsea shipping to the UK emissions…
Can Trump really push through new tariffs from day 1 of Presidency?
Donald Trump states he will impose a 25% tariff on all goods from Mexico and Canada and an additional 10% on all imports from China from the first day of his Presidency. Marcus Hand, Editor November 27, 2024 BY SHALEAH CRAIGHEAD – HTTPS://WWW.WHITEHOUSE.GOV/PEOPLE/DONALD-J-TRUMP/ (ARCHIVE), PUBLIC DOMAIN, HTTPS://COMMONS.WIKIMEDIA.ORG/W/INDEX.PHP?CURID=63768460 Incoming US President Trump announced his much speculated…
Why Trumpâs return is neither good nor bad for shipping
Pierre AuryNovember 27, 2024 The White House Donald Trump will soon be back in the Oval Office. Pierre Aury wonders whether we are entering a time loop. A 78-year-old man will soon be the 47th president of the US. He will be replacing an outgoing president who was also 78 when he moved into 1,600…
Trump vows 25% tariff on imports from Canada/Mexico and adds 10% to China
ID 138931120 © Waingro | Dreamstime.com By Alex Lennane 26/11/2024 News that US president-elect Donald Trump has mandated 25% tariffs on all products from Mexico and Canada and an extra 10% on Chinese products has sent the supply chain into a spin. Mr Trumpâs post on Truth Social last night claimed the tariffs would…
US issues new MARSEC directive on Chinese STS cranes
News 22 Nov 2024 by WCN Editorial Ports and terminals operating Chinese-made STS cranes are required to obtain a copy of a new Security Directive. đ The US Coast Guard and Department of Homeland Security have issued a new Maritime Security (MARSEC) Directive (105-5) which outlines cyber risk management requirements for STS cranes manufactured in…
After the Trump bump, caution on US trade prospects
Port of Los Angeles Executive Director Gene Seroka and economist Dr. Mary E. Lovely discuss a period of active trade policy and headaches for cargo shippers as President Trump takes office. Barry Parker, New York Correspondent November 21, 2024 CREDIT: PORT OF LOS ANGELES At a Glance Port of Los Angeles reporting record monthly container…
Governments must back green corridors says Global Maritime Forum
Shipowners and operators will not adopt more expensive and sustainable marine fuels without urgent action from governments to bridge the price gap. Paul Bartlett, Correspondent November 20, 2024 File Photo: X-Press Feeders signs green corridor MoU with six European portsCREDIT: X-PRESS FEEDERS This stark warning has come in the latest update on âGreen Corridorâ development…
Trump Taps Fox Host and Former Congressman Sean Duffy for Transportation Secretary
FILE PHOTO: Rep. Sean Duffy, R-WI, questions Federal Reserve Chairman Jerome Powell during his testimony before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress”, at the Rayburn House Office Building in Washington, U.S., July 18, 2018. REUTERS/Mary F. Calvert/File Photo Mike Schuler November 18, 2024 President-Elect Donald Trump has…
Trump Ally Urges Duties on Goods Shipped Via Chinaâs Peru Port
A view of a container at China’s state-owned Cosco Shipping Chancay port inaugurated during the APEC Summit, in Chancay, Peru, in this handout image released on November 14, 2024. APEC Peru/Handout via REUTERS. Bloomberg November 16, 2024 By Eric Martin Nov 16, 2024 (Bloomberg) âA veteran adviser to Donald Trump is proposing that the 60% tariffs…
Deciphering Americaâs election result
A week after the Republicanâs comprehensive victory in the US elections the container shipping market is still trying to understand what a Donald Trump victory will mean. Nick Savvides, Europe correspondent November 13, 2024 IMAGE: HAPAG-LLOYD All indications are that trade will be affected, but exactly how remains the key question. Most analysts expect a…
How Chinaâs Port Diplomacy is Redrawing South Americaâs Trade Routes
FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump takes the stage following early results from the 2024 U.S. presidential election in Palm Beach County Convention Center, in West Palm Beach, Florida, U.S., November 6, 2024. REUTERS/Callaghan O’Hare/File Photo/File Photo Mike Schuler November 11, 2024 By Marco Aquino and Eduardo Baptista LIMA/BEIJING, Nov…
Chinese Navy could use Peru's new mega port
COSCO Shipping is about to launch soft opening of its newly constructed container terminal in Chancay, 50 miles north of Peru’s capital Lima. Despite attempts to frustrate this by Peru’s government, COSCO is set to be the sole operator, and the terminal is more than 90 per cent complete, initially with four operating berths. The…
âDrill baby drillâ â Trump and the tanker market
Incoming US President Donald Trump showed strong support for the continued role of fossil fuels during his campaign and this will likely increase domestic production Barry Parker, New York Correspondent November 11, 2024 File photo: AET VLCCCREDIT: AET At a Glance Incoming administration said it would loosen regulations for oil and gas drilling permits Iran…
Will a new Trump Administration end the Clean Ports Program?
News 8 Nov 2024 by Paul Avery President elect Donald Trumpâs plans for the Biden Administrationâs Inflation Reduction Act put the Clean Ports Program in jeopardy. đ The IRA and the Clean Ports Program are seen as some of the key achievements of US President Joe Biden. © Maryland Port Administration Politics could upset the…
Trumpâs Tariff Plan: What It Could Mean for U.S. Farmers and China
File Photo: REUTERS/Paulo Whitaker Reuters November 7, 2024 By Mei Mei Chu BEIJING, Nov 7 (Reuters) â Chinese imports of U.S. farm goods, which have slowed since the trade war during Donald Trumpâs first presidential term, could be hit again if tariff hostilities resume when he returns to office in January, experts say. LATEST VIDEOS China remains…
Xeneta: Trump presidency will reignite US-China trade war and threaten spike in ocean container shipping markets
November 7, 2024 in News, Top News Donald Trump Share on FacebookShare on Twitter Donald Trumpâs election as US president is a âstep in the wrong directionâ, according to ocean and air freight intelligence platform Xeneta, for international trade as importers fear another spike in ocean container shipping freight rates. Trump has vowed blanket tariffs…
Winners and losers from Trumpâs return
Sam ChambersNovember 7, 2024 âDrill, baby, drillâ and âliquid goldâ were two of the phrases president-elect Donald Trump repeated during his victory rally in Florida yesterday and a common consensus is building among shipping experts that the Republicanâs return to the White House will be positive for tankers, but less so for container shipping. In…
The shipping consequences of Mr Trump
Andrew Craig-BennettNovember 7, 2024 Whitehouse.org Splashâs lead columnist has been forced out of silence by the results in America. I have on my wrist a wristwatch made in the year of my birth -1952. It was made in two stages â the movement was made in Le Locle, in Switzerland, by the firm of Ulysse…
What will Trump's win mean for the logistics industry?
© Martin Malchev | By John Manners-Bell, CEO, Ti 06/11/2024 Donald Trump has already claimed victory in the US presidential election. But what will this mean for the US and global logistics industry? Tiâs CEO John Manners-Bell provides his immediate response to the result looking at some of Trumpâs key policy commitments. Oil It…
Harris or Trump? The effects on each shipping segment
Sam ChambersNovember 5, 2024 As Americans head out to vote today, Splash identifies the potential effects on the main shipping segments. âThe link between elections, and how they could harm or assist the global economy, depending on who is the victor, are important, and impact shipping, therefore it behooves us to follow the many elections…
FEPORT: Hearing Time
As we await the confirmation hearings for the new Commissioner-designates, itâs an opportune moment to reflect on the priorities they have outlined in the answers to the written questions submitted by MEPs from different committees, particularly those which relate to the maritime and port sectors. With a focus on sustainability, digitalisation, and global competitiveness, these…
Biden Just Announced $3B to Clean Up Americaâs Ports â Here Are Some of the Key Projects Getting Funding
U.S. President Joe Biden delivers remarks during a visit to Dundalk Marine Terminal in Baltimore, Maryland, U.S., October 29, 2024. REUTERS/Elizabeth Frantz Mike Schuler October 29, 2024 The U.S. Environmental Protection Agency (EPA) on Monday announced the allocation of nearly $3 billion to fund 55 zero-emission projects at ports across the country. These projects, supported…
Race to the Whitehouse â US flag shipping, tariffs, and ports
With the 2024 US Presidential election now a week away, the race for the top job has seen tremendous rancor, yelling, inuendo and accusations, dare we say âfake newsâ coming all directions, but very little of it directly impacts the shipping markets. Barry Parker, New York Correspondent October 29, 2024 CREDIT: SRIKANTA – UNSPLASH At…