The options to solve the Red Sea crisis and mega-infrastructure projects in the Middle East
Nu lid wordenAanmelden Source: Financial Times. Pablo Rodas-Martini Pablo Rodas-Martini Author and speaker, bewitched by ships and ports,… + Volgen I am sharing here two parts of the speech I prepared for Breakbulk Europe 2024. As these two sections relate to the Middle East, I thought they could be included with my articles on “Geopolitics…
‘Hong Kong has gone rogue’: US report details entrepôt’s shipping links to Russia, Iran and North Korea
Sam ChambersJuly 26, 2024 The surge of Hong Kong shipments to Russia following Moscow’s invasion of Ukraine in 2022 underscores the city’s extensive role in helping US adversaries avoid international sanctions, a new analysis published by the Committee for Freedom in Hong Kong Foundation shows. The 62-page report, Beneath the Harbor: Hong Kong’s Leading Role in…
Trump's proposed US tariffs could affect Los Angeles port, director says
THE proposed tariffs recommended by former president and Republican presidential nominee Donald Trump could “change the landscape for the future” of the Port of Los Angeles, the port’s executive director Gene Seroka said recently during the monthly presentation of port volumes. Should he be re-elected this November, Trump is proposing a 10 per cent tariff…
FMC rules on “Unreasonable Refusal to Deal”
News 24 Jul 2024 by Paul Avery US Shippers did not get everything they wanted in FMC’s final rule on definitions relating to unreasonably refusing to load export cargo. 𝕏 Transloading soya beans into containers for export in Wilmington, North Carolina © Photo: Scoular The US Federal Maritime Commission (FMC) has published its final rule…
Trump tariffs could spark 'global trade war', warns industry think-tank
© Valiantsin Korznikau By Ian Putzger, Americas correspondent 23/07/2024 Donald Trump has indicated that he would implement new tariffs if returned to the White House. While this is not likely to achieve desired domestic effects, it would also be a drag on trade. Cargo owners are worried. The annointed presidential candidate of the Republican…
New FMC regulation rules out carrier 'lame excuses' for rolling cargo
Photo 68040641 © Homiel | Dreamstime.com By Alexander Whiteman 23/07/2024 The days of “lame excuses” being offered by ocean carriers for refusing to carry contracted cargo may be over. The US Federal Maritime Commission (FMC) has issued a new rule, all but prohibiting shipping lines from refusing space for booked containers, and also giving…
Jones Act: frustrating, or fundamental to the US?
© Mariusz Bugno By Ian Putzger, Americas correspondent 19/07/2024 The Jones Act, established to protect US shipping, continues to impede some logistics activities, prompting more calls for change. They seem unlikely to make much headway, however, as Washington’s mounting desire to ring-fence strategic industries is reinforcing support for the regulations. Last year, Danish energy…
European road freight stakeholders outline demands to EC
© MartinBergsma By Charlotte Goldstone 17/07/2024 Yesterday marked the start of a new legislative term in the EU, and road freight stakeholders have listed their demands on what needs to be done to improve the sector. The International Road Transport Union (IRU) listed “people, environment and prosperity” as its priorities for the new European parliament to address. Regarding…
New UK government looks to mend some trade fences with the EU
Photo: © Almoond By Alexander Whiteman 16/07/2024 The new UK government is seeking to improve relations with the EU, its nearest trade partner, as supply chain operators look on cautiously. The UK’s EU relations minister, Nick Thomas-Symonds, arrived in Brussels this morning for talks with his counterpart, Maroš Šefčovič, as part of a push…
Turkey to approve BYD plant to avoid anti-Chinese EU tariff
s TURKISH President Recep Tayyip Erdogan was expected to announce an agreement with BYD Co to build a US$1 billion plant in the west of the country, according to Turkish officials, reports Bloomberg. This would boost the Chinese automaker’s presence in Europe at a time of escalating trade tensions. The new factory would improve BYD’s…
Port hopes rise after call for delay to 'unfair' US tariff on Chinese cranes
APM Terminals Port Elizabeth By Gavin van Marle 12/07/2024 US ports, facing millions of dollars in extra costs due to the 1 August 25% tariff on Chinese-made container cranes, may get a last-ditch reprieve. The tariff, a little more than two weeks away, is likely produce some $131m in extra costs applied to several…
New Jersey passes bill prohibiting use of oversized boxes
A BILL has been passed 21-15 in the New Jersey Senate which would restrict the size of shipping boxes can use shipping products to customers, reports London’s Logistics Manager. Bill S226 was sponsored by Democratic state senators Bob Smith and John McKeon that would “prohibit any large online retailer or major retailer in the State…
Container shipping will be hit hardest by upcoming FuelEU Maritime regulation
Sam ChambersJuly 9, 2024 New analysis from Germany shows the container sector faces the brunt of penalties from the upcoming FuelEU Maritime regulation, the sector likely to account for nearly a third of all payouts. The financial impact of FuelEU Maritime, which comes into force at the start of next year, is focusing the minds…
Turkey mediating Somalia-Ethiopia talks on port deal -officials
in Port News 03/07/2024 Turkey has begun mediating talks between Somalia and Ethiopia over a port deal Addis Ababa signed with the breakaway region of Somaliland earlier this year, according to four officials familiar with the matter. The negotiations are the latest attempt to mend diplomatic ties between the east African neighbours, whose relationship soured…
Turkey Mediating Somalia-Ethiopia Talks on Port Deal
By Giulia Paravicini and Tuvan Gumrukcu July 1, 2024 © Oleksii / Adobe Stock Turkey has begun mediating talks between Somalia and Ethiopia over a port deal Addis Ababa signed with the breakaway region of Somaliland earlier this year, Ankara and four officials familiar with the matter said. The negotiations are the latest attempt to…
America Must Renew its Commitment to Maritime
The M/V Wan Hai 362 departs the Port of Long Beach, California. Picture taken in September 2023. Photo courtesy Port of Long Beach Editorial June 28, 2024 By Jennifer Carpenter The United States must renew its commitment to a strong, reliable American maritime capability to confront emerging threats. China’s aggressive shipping expansion poses significant challenges…
EU Council adopts revised regulation for TEN-T
News 18 Jun 2024 by WCN Editorial The EU Council has adopted a revised TEN-T regulation to harmonise intermodal transport networks, pending final signatures. 𝕏 The EU Council has adopted a revised regulation for the trans-European transport network (TEN-T), pending signatures from the Presidents of the EU Council and European Parliament before publication in the…
Understanding Fuel EU Maritime: baselines, incentives and penalties
Sam ChambersJune 13, 2024 The EU’s Fit for 55 package will change the way we think about fuel and carbon accounting, writes Christian Rae Holm, managing director of Coach Solutions. The European Union’s FuelEU Maritime regulation will be in force from January 1, 2025, as part of the Fit for 55 package which has the…
Customs brokers under scrutiny as US CBP confirms ecommerce crackdown
© William Perry By Alex Lennane 31/05/2024 US Customs and Border Protection has confirmed that it is cracking down on ecommerce, to ensure all small packages are compliant with US law. Customs brokers are under particular focus. A statement released earlier by CBP acting commissioner Troy Miller noted that the agency was “taking action to…
Steering EU policy to 2029
Seatrade Maritime As the European Union (EU) prepares to lay out its strategic priorities for the next five years, the World Shipping Council provided its views on the right agenda for container shipping in Europe. Seatrade Maritime | May 28, 2024 Every five years, the president of the European Council heads EU leaders in deciding…
European shipowners welcome Council’s call for competitive maritime sector
News 28 May 2024 by WCN Editorial EU Member States call for a maritime industrial strategy to boost sector competitiveness, with European shipowners supporting the green and digital transition. 𝕏 Last Friday, EU Member States adopted Council conclusions calling for a maritime industrial strategy to enhance the competitiveness of the sector. European shipowners welcome the call,…
Logistics UK reiterates call for dedicated logistics minister
LOGISTICS UK, formerly the Freight Transport Association, has reiterated its call for the creation of a dedicated logistics and supply chain minister following the announcement of a general election in the country on July 4. The business group urged all political parties to include the organization’s call for the appointment of a minister for logistics…