The WTO has once again lowered its expectations for global growth. Next week the IMF will present its projections, which the IMF head indicates will also be lower. New customs tariffs between the US and China as well as uncertainty surrounding Brexit are key factors.
The much-anticipated meeting between US President Donald Trump and China's President Xi Jinping to sign an agreement to end their trade dispute will likely be pushed back to April at the earliest, sources say.
Den er der ikke endnu, men efter et dyk omkring nytår er olieprisen ved at krydse 65 dollars per tønde og har dermed retning mod de 71 dollars, som den gennemsnitlige pris lød på sidste år. Godt for offshoreinvesteringerne. Dyrt for shipping.
The US should support the sulfur regulations and implement them in a timely manner, says the powerful US oil lobby in a letter to the White House, thus increasing its pressure on President Donald Trump.
The Jones Act prevents foreign shipping companies from competing freely on the US market, for instance the offshore carriers servicing the wind sector, which are currently trying to enter the country. (edited).
The truce between the US and China may have postponed an open conflict, but it has not yet prevented one. ShippingWatch has gathered reactions from Maersk Line, HMM, OOCL and Hapag-Lloyd. Shipping bank Nordea is far from convinced about the effect of a temporary agreement.
The US government has issued a new warning to the shipping industry to not violate the recently reintroduced sanctions by, for example, sailing Iranian oil to Syria. At the same time, the US also introduces new sanctions against nine Iranian targets.
More than 200 individuals and ships in the Iranian shipping and energy sector, including the two major state-owned carriers, are included on the US sanction list. The US warns the global shipping industry against Iranian attempts to evade the sanctions.
The US has overtaken Saudi Arabia and Russia as the largest oil producer in the world. According to an investment company, a significant part of the explanation is the technological development, writes CNN.