Climeon

Ports

Port of Los Angeles Cargo Volumes Drop Amid Tariff Uncertainty, But Relief Expected

Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May and could remain muted through the remainder of 2025, after companies responded to President Donald Trump's 145% tariffs on China by canceling or putting holds on shipments, according to port officials. 

Offshore

Empire Wind Fiasco Forces Equinor to Rethink U.S. Offshore Wind Investment

Equinor ASA expects its $5 billion wind project off New York — blocked then unblocked by the Trump administration — to proceed as planned, but said further investments in US offshore wind are likely off the table.

Shipping

Container Shipping Faces New Threats After Israeli Strikes on Iran

Commercial shipping in the Middle East may face a new threat after a wave of Israeli attacks against Iran’s military and nuclear leadership further destabilised the already volatile region, with concerns rising over a potential blockade of the Strait of Hormuz.