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Trump Administration Considers Softening China Ship Fee Plan After Pushback, Sources Say
Shipping
April 8, 2025
From 
Reuters
 via 
gCaptain

Trump Administration Considers Softening China Ship Fee Plan After Pushback, Sources Say

President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources.
Georgia Ports Shatter Records Amid Strong Growth Across Both Container and Vehicle Trade
Shipping
April 8, 2025
From 
Mike Schuler
 via 
gCaptain

Georgia Ports Shatter Records Amid Strong Growth Across Both Container and Vehicle Trade

The Port of Savannah achieved unprecedented growth in March 2025, handling 534,000 TEUs and marking its second consecutive monthly record, the Georgia Ports Authority (GPA) announced Tuesday. The surge represents...
Chinese Shipping Earnings Face ‘Harder-Than-Expected’ Tariff Hit as Recession Risks Rise
Shipping
April 8, 2025
From 
Bloomberg
 via 
gCaptain

Chinese Shipping Earnings Face ‘Harder-Than-Expected’ Tariff Hit as Recession Risks Rise

(Bloomberg) — Chinese shippers may see an outsized hit on earnings as the latest tariffs from US President Donald Trump risk hammering global trade. Container liners such as Cosco Shipping...
Limited Options Push China Into Trade ‘War of Attrition’ With Trump
Shipping
April 8, 2025
From 
Reuters
 via 
gCaptain

Limited Options Push China Into Trade ‘War of Attrition’ With Trump

Beijing, feeling boxed into a corner by the United States' intensifying tariff assault on China and any country that buys or assembles Chinese goods, is bracing for an economic war of attrition.
CK Hutchison’s Panama Port Concession Under Fire as $22.8B Deal Hangs in the Balance
Shipping
April 7, 2025
From 
Reuters
 via 
gCaptain

CK Hutchison’s Panama Port Concession Under Fire as $22.8B Deal Hangs in the Balance

Panama's Comptroller General office will file a lawsuit against the officials who authorized the renewal of a 25-yearport concession to a company led by CK Hutchison 0001.HK, the comptroller general said on Monday, as a key audit of the contract is expected to be completed soon.
ZIM Orders Ten LNG-Powered Containerships in $2.3 Billion Charter Deal
Shipping
April 7, 2025
From 
Mike Schuler
 via 
gCaptain

ZIM Orders Ten LNG-Powered Containerships in $2.3 Billion Charter Deal

Israeli container shipping company ZIM has signed agreements for ten 11,500 TEU LNG dual-fuel containerships in a deal worth approximately $2.3 billion. The vessels will be constructed at China’s Zhoushan...
Ship Carbon Charge Edges Closer With Optimism US Won’t Derail It
Shipping
April 7, 2025
From 
Bloomberg
 via 
gCaptain

Ship Carbon Charge Edges Closer With Optimism US Won’t Derail It

Governments from across the world are gathering in London this week to thrash out a landmark global carbon charge for the shipping industry.
Greek Ships Go Thousands Of Miles Further To Deliver Russian Oil
Shipping
April 5, 2025
From 
Bloomberg
 via 
gCaptain

Greek Ships Go Thousands Of Miles Further To Deliver Russian Oil

By Julian Lee Apr 4, 2025 (Bloomberg) –Three Greek oil tankers are going on detours of thousands of miles to deliver crude from Russia’s Baltic Sea to customers in Asia.  The...
Commodities Collapse: China Tariffs Send Oil, Soybeans and Copper Tumbling
Shipping
April 4, 2025
From 
Reuters
 via 
gCaptain

Commodities Collapse: China Tariffs Send Oil, Soybeans and Copper Tumbling

Oil prices plunged nearly 8% on Friday to the lowest level since 2021, while copper, soybeans and other commodities also fell as China retaliated against U.S. President Donald Trump's aggressive tariffs.
Panama Canal Launches Bid Process for Strategic Energy Pipeline to Boost Capacity
Shipping
April 4, 2025
From 
Mike Schuler
 via 
gCaptain

Panama Canal Launches Bid Process for Strategic Energy Pipeline to Boost Capacity

The Panama Canal Board of Directors has launched a bidding process for a new energy products pipeline in response to drought-induced operational challenges and shifting global energy shipping patterns. According...
China Hits Back Hard in Global Trade War With Tariffs on US Goods
Shipping
April 4, 2025
From 
Reuters
 via 
gCaptain

China Hits Back Hard in Global Trade War With Tariffs on US Goods

China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout.
Tankers International: VLCC Market Faces a Mirage of Growth as Ageing Fleet Drags Down Supply
Shipping
April 4, 2025
From 
gCaptain
 via 
gCaptain

Tankers International: VLCC Market Faces a Mirage of Growth as Ageing Fleet Drags Down Supply

VLCC specialist Tankers International is projecting effective vessel supply growth of only 1% in the next three years due to the declining usable capacity of a rapidly-ageing global VLCC fleet.