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 ‘Green Corridor’ 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 China’s 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) –A veteran adviser to Donald Trump is proposing that the 60% tariffs…
Deciphering America’s election result
A week after the Republican’s 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 China’s Port Diplomacy is Redrawing South America’s 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…
‘Drill baby drill’ – 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 Trump’s plans for the Biden Administration’s Inflation Reduction Act put the Clean Ports Program in jeopardy. 𝕏 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…
Trump’s 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) – Chinese imports of U.S. farm goods, which have slowed since the trade war during Donald Trump’s 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 Trump’s election as US president is a ‘step in the wrong direction’, 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 Trump’s return
Sam ChambersNovember 7, 2024 ‘Drill, baby, drill’ and ‘liquid gold’ 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 Republican’s 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 Splash’s 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 – 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? Ti’s CEO John Manners-Bell provides his immediate response to the result looking at some of Trump’s 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. “The 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, it’s 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 America’s Ports — 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 – 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 “fake news” 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…
Will the Chancellor waive the fiscal rules for UK shipping?
News 18 Oct 2024 by Simon Walton The UK Chamber of Shipping proposes a £ 700m investment in the Budget to help achieve net zero by 2050 and make the UK a clean shipping hub. 𝕏 Port of Southampton © DP World The UK Chamber of Shipping, the trade association for the maritime industry, has…
A Trump presidency would put pressure on ocean rates and Asian exports
ID 132344517 © Ginettigino | Dreamstime.com By Martina Li in Taiwan 16/10/2024 If Donald Trump becomes US president again next year, there will be more pressure on container freight rates, as he is expected to reinstate protectionist measures that will reduce imports. Among the speakers at a shipping forum organised by South Korea’s National…
DP World investment jeopardised by UK government snub
News 12 Oct 2024 by Simon Walton Comments made by a senior UK government minister have jeopardised DP World’s investment plans, and threaten to capsize a unique economic summit, despite those words being written in a government press release 𝕏 London Gateway port development © Photo credit – DP World A one billion pound investment…
German carmakers urge compromise after EU tariff vote on China EVs
GERMANY’s top carmakers have urged Brussels and Beijing to avert looming tariffs on imports of Chinese-made electric vehicles through a negotiated deal, highlighting fears over what an escalating trade conflict will mean for business. The European Commission received enough support from EU member states to implement tariffs in a long-awaited vote pitting China-dependent economies such…
EU votes to impose tariffs on Chinese electric cars
News 7 Oct 2024 by WCN Editorial EU Member States have voted to impose tariffs on Chinese battery electric vehicles (BEVs) as talks with Beijing continue. 𝕏 The European Commission is moving closer to imposing tariffs on battery electric vehicles (BEVs) imported from China, following support from EU Member States. The tariffs, which could rise…
FMC urges industry to follow rules ahead of potential strikes
News 24 Sep 2024 by Jasmina Ovcina Mandra The US Federal Maritime Commission said it would fully investigate and prosecute any violations of maritime laws and regulations during potential port closures. 𝕏 Ship-to-shore cranes at Hugh K. Leatherman Terminal, Charleston, SC The US Federal Maritime Commission (FMC) has reminded shipping companies and terminal operators that…
Philippines President signs delayed Magna Carta of Filipino Seafarers into law
The Philippines President Ferdinand Marcos Jr finally signs the long-awaited Magna Carta of Filipino Seafarers designed to the protect the rights of ship’s crew from the country. Marcus Hand, Editor September 23, 2024 Philippines President Ferdinand Marcos Jr signs the Magna Carta of Filipino SeafarersCREDIT: RTV MALACANANG YOUTUBE At a Glance The President was expected…