By Alexander Whiteman (The Loadstar) - West coast US ports suffered last month, but there may be some relief with the news that the US government is rethinking plans for further tariffs in September. The port of Long Beach experienced a 9.7% volume drop in July, handling 621,780 teu, and executive director Mario Cordero pointed the finger of blame in just one … [Read more...]
China Denies Hong Kong Port Visit for U.S. Navy Ships Amid Tensions
WASHINGTON, Aug 13 (Reuters) - China has denied a request for two U.S. Navy ships to visit Hong Kong in the coming weeks, U.S. officials said on Tuesday, as the political crisis in the former British colony deepened. The officials, speaking on the condition of anonymity, said the transport dock ship Green Bay had requested to visit later this month, while the guided-missile … [Read more...]
China Charters First U.S. Crude Cargo Since Newest Trump Tariff Threat
By Devika Krishna Kumar NEW YORK, Aug 9 (Reuters) - Chinese oil trader Unipec chartered a supertanker to ship U.S. crude to China in September, trading sources said, the first such cargo since U.S. President Donald Trump announced additional tariffs on Chinese import, ending a monthlong trade truce. Unipec, the trading arm of state refiner Sinopec , has fixed the Very Large … [Read more...]
Trade Armageddon Holds Little Fear for Bullish Shipping Analysts
By Firat Kayakiran and Timothy Abington (Bloomberg) --Who cares about the threat of a global trade meltdown? Not shipping analysts tracking prices for moving everything from oil to crops, it seems. Across every type oil, gas, coal, iron ore and grain-carrying vessel, industry analysts surveyed by Bloomberg are expecting the rates ships earn to jump sharply next year. That … [Read more...]
China Warship Collision Led to Standoff, Freighter Captain Says
By Samson Ellis and Adela Lin (Bloomberg) --The Taiwanese coast guard intervened to end an hour-long standoff between a freighter and an unidentified Chinese warship after the two vessels collided in the contested Taiwan Strait last week. The Taiwanese-registered bulk carrier Yutai No. 1 collided with a Chinese naval vessel around 20 nautical miles southeast of … [Read more...]