Trade war creates bleak prospects for US soy bean exports
Soy bean exports from the US to China will not return to normal levels for a while, shows new analysis from shipping organization Bimco.
ShippingWatch
A part ofWatch Medier
News on US.
Soy bean exports from the US to China will not return to normal levels for a while, shows new analysis from shipping organization Bimco.
The trade war has not had the effect on Maersk that some observers feared. The tariffs mean nothing, but American consumer habits do, says CEO Søren Skou, who would like to meet with Donald Trump when he visits Denmark, where Maersk is headquartered.
US authorities have issued a warning about Iranian threats to vessels sailing in the Strait of Hormuz and the Persian Gulf. According to the US, several ships have experienced GPS interference.
If China ends import of US-made agricultural goods, it would be a big blow to the container sector and US importers, says Lars Jensen, CEO of Sea-Intelligence Consulting, in a comment.
Donald Trump escalates the trade war with China with announcement of new tariffs on USD 300 million worth of Chinese imports. The new taxes could go well above 25 percent, says the US president.
The US and China plan to meet again in September for trade talks, as the latest round of negotiations conclude with few signs of progress in the trade dispute between the two superpowers.
The two superpowers wrapped up a new round of trade talks without clear evidence of progress made toward ending the protracted trade dispute.
This week especially held stories involving the Strait of Hormuz, and most recently, the Danish government has declared its readiness to participate in a naval mission. Moreover, an investor has lost patience with a Danish shipbreaking yard, and logistics company Kuehne+Nagel said no to seafreight acquisitions.
President Donald Trump says that the US has destroyed a drone flying close to a US warship in the Strait of Hormuz. The drone was shot down the same day Iran announced it has seized a foreign tanker vessel.
The US and China had a phone call on Tuesday to discuss a new trade agreement, says White House Economic Advisor Larry Kudlow.
Saturday, the US and China agreed to restart negotiations of a trade deal. US President Donald Trump furthermore promised not to introduce new tariffs right now.
Two bills propose an extension on the US Investment Tax Credit on offshore wind, which otherwise expires at the end of the year. The energy sector supports the initiative.
Drewry projects that the trade war will only entail brief disruptions in the container market. In fact, a change in trade patterns might boost the shipping sector, the firm states.
Saudi Arabia, the Emirates and other nations must contribute to tightening maritime security, says US Secretary of State Mike Pompeo. The UN Security Council condemns last week's attack on two tanker vessels.
Following a large discovery of cocaine, MSC has had a special customs partnership, in which customs authorities in the US are less inclined to inspect the liner company's cargoes, temporarily suspended. Customers have been notified that this will create "minimal disruption."
The crew of the Frontline ship which was attacked in the Gulf of Oman last week has now either returned back home of back on board the ship, informs the company.
Several tanker companies have ships headed for the Gulf of Oman and during the next few days they will decide whether to continue doing business in the region. There are concurrent reports of high day rates, the head of a larger tanker pool tells ShippingWatch.
Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.
US officials have released a video they say show Iran was involved in an attack on an oil tanker near the entrance to the Persian Gulf on Thursday, one of a pair of incidents that have raised tensions between the US and the Islamic Republic over the past day. Watch the video here.
The US state of Connecticut passes a bill to raise its target for offshore wind, allowing expansion of wind farms. This is in line with the strategy of wind service ship operator Esvagt, which is to expand to the US, CEO tells ShippingWatch.
A trade deal with China could push the US to the top of the list of LNG suppliers to China, projects Morgan Stanley. The bank says a deal could boost the US' share of Chinese gas imports to more than 20 percent by 2025.
US President Donald Trump again threatened to raise tariffs on China if President Xi Jinping does not meet with at the G-20 summit in Osaka, Japan, later this month.
US President Donald Trump is prepared to introduce tariffs on more Chinese goods. "I could go up another at least USD 300 billion, and I'll do that," Trump tells Bloomberg.
The US is no longer actively working to postpone the start date for the 2020 regulations, reports the Wall Street Journal. The US feared that the regulations would result in higher fuel prices.
Supply of LNG has grown considerably, and studies indicate that this trend will continue for many years. US will control a growing supply, China will be the main buyer, shows McKinsey report.
Crewing Officer - Uni-Tankers
Communications and press consultant
Business developer who is passionate about developing maritime companies - LIVA consult
LEGAL COUNSEL to the fastest growing Danish Shipping Company - Celsius Shipping
Chartering Manager at Ultrabulk
