Trump Plans to Double Steel and Aluminum Tariffs to 50%
President Trump announced plans to raise U.S. tariffs on imported steel and aluminum from 25% to 50%, effective June 4, 2025.
Shares of...
U.S. Ethane Exports to China Face New Licensing Roadblock
New U.S. Commerce Department rules require export licenses for ethane shipments to China, revoking previous approvals.
China imported a record 492,000 barrels per...
NCFI: Freight Rates Dip Across Key Routes as Market Softens
The Ningbo Containerised Freight Index (NCFI) for the week ending May 30, 2025, reported the following trends:
Route Highlights
Ningbo to Europe: The index declined...
SAAM Towage Advances with Electric Tugs, Cutting Emissions and Costs
SAAM Towage deployed electric tugs in Vancouver and plans another in Chile.
The company reduced carbon intensity by 72%, targeting a 90% cut.
...
Cerberus Expresses Interest in Darwin Port While Australia Pursues Local Control
Cerberus Capital Management has expressed interest in acquiring the lease for Darwin Port.
The Australian government is actively pursuing local buyers, managing the...
Technip Energies Appointed to Restart Vasilikos LNG Terminal Construction
Technip Energies begins on-site management at the dormant Vasilikos LNG terminal, focusing first on assessing the current project status and starting contractor tenders.
...
Drewry: Intra-Asia Container Index Remain Stable
The Intra-Asia Container Index (IACI) held nearly flat at $655 per 40ft container as of May 30, 2025.
Year-over-year, the index is up...
EU Ships Emit More Arctic Soot Than Expected, Study Reveals
Black carbon, typically produced by incomplete combustion in marine engines, contributes to global warming and is linked to health impacts.
It is considered...
Veson Nautical Launches AI-Powered Claims Management
AI-driven automation transforms maritime claims workflows
Reduces manual document review and increases accuracy
Fully integrated with the IMOS Platform for end-to-end efficiency
Veson Nautical...
HD Hyundai Samho Lands $280M Container Ship Deal in Oceania
HD Hyundai Samho Heavy Industries Co., a South Korean shipbuilder, has secured a 386.8 billion-won (US$280 million) order to build two container carriers for...