US Port fees on foreign ships to shake up trade flows, freight markets
NEW YORK : The US Trade Representative (USTR) has announced additional port fees on foreign vessels and marine equipment that mainly target Chinese shipping, which are set to
US cuts tariffs on Chinese goods to 30%, China lowers American levies to 10% in 90-day truce
WASHINGTON D.C. : The United States will reduce tariffs on most Chinese goods from 145% to 30% for a 90-day period, while China will lower its levies on
Container shipping firms cut Asia-US Service as Trump tariffs collapse trade
LOS ANGELES : Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump‘s punishing tariffs on
Maersk warns global container volumes could drop due to trade war
COPENHAGEN : Shipping group Maersk said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world’s top
Can India replace China due to the Escalating Tarriff War?
By Ms. Sanyukta Kulkarni, Senior Route Development Manager – Indian Subcontinent, DB Schenker Inc. India, now the 5th largest Economy in the World, is rapidly scaling up its
Baltic Exchange: Container Shipping Market was fairly Flat last week
LONDON : Whilst the liner industry waits to see what will happen between the 2 superpowers China and the USA in relation to tariffs that the USA has
Walmart & Target resume business with some Chinese factories after tariff-related halt, supplie
HONG KONG : Walmart and Target have resumed business with some of their Chinese suppliers, after pausing orders for a few weeks due to uncertainties over the imposition
United States eases port fees on China-built ships after industry backlash
WASHINGTON : The Trump administration shielded on Thursday domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and U.S. territories from port fees to be levied
DHL to suspend global shipments of over $800 to US consumers
BEIJING : DHL Express, a division of Germany’s Deutsche Post said it would suspend global business-to-consumer shipments worth over $800 to individuals in the United States from April 21,
China opposes U.S. measures targeting its maritime, logistics, shipbuilding sectors
BEIJING : China has expressed strong opposition to the U.S. measures following its investigation into China’s maritime, logistics and shipbuilding sectors. China has repeatedly reaffirmed its views on
