Latest News for: Ship trade

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Trump's Tariffs Risk of Shipping Chaos

MarineLink 03 Apr 2025
President Donald Trump's new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout.
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Global Trade War Worries Grow as Trump Unveils Sweeping Tariffs

MarineLink 03 Apr 2025
President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions ... Niels Rasmussen, Chief Shipping Analyst at BIMCO, warned that U.S.
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DCSA: Bill of Lading vs. Sea Waybill

SAFETY4SEA 03 Apr 2025
Two shipping documents often encountered are the Bill of Lading (B/L) and the Sea Waybill ... Both documents play critical roles in global trade and logistics, and understanding their differences ensures a smoother shipping process. .
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Trump's tariffs to lift companies' costs and hurt exports

Khaleejtimes 03 Apr 2025
Shipping companies, one of the main conduits of global trade, were among the first to sound the alarm on Thursday while many other business leaders kept a low profile as they pondered the new reality.
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MARIN Verifies Efficiency of ABB Dynafin Propulsion Concept

MarineLink 03 Apr 2025
Globally recognized maritime research institute MARIN has verified that efficiency levels modeled for ABB Dynafin™ propulsion concept will convert to real-world ship performance gains, following tests at its Concept Basin in the Netherlands.
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Nation's shipbuilders ride crest of global success

ECNS 03 Apr 2025
Adora Magic City, China's first domestically built cruise ship undocks in Shanghai in June 2023 ... is going to make ships "very fast, very soon", which will have "a huge impact" to further enhance national security.
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What is de minimis rule? Duty free 'loophole' Trump shut off

The Times of India 03 Apr 2025
This exemption was originally designed to reduce red tape and facilitate trade by enabling quick, low-cost shipping for small businesses and consumers.However, critics have long argued that the rule ...
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Lok Sabha passes Coastal Shipping Bill 2024

The Times of India 03 Apr 2025
The Lok Sabha has passed the Coastal Shipping Bill, 2024, aimed at ...
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Costa Rica seeks to talk with U.S. over new tariffs

Xinhua 03 Apr 2025
President Donald Trump's announcement of new reciprocal tariffs, which sets to impose a 10 percent increase of levies on goods exported from Costa Rica, the country's ministry of foreign trade said Wednesday.
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British farmers warn of tariff impact on UK agri-food exports to US

Anadolu Agency 03 Apr 2025
The tariffs will remain in place until Trump "determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated," according to a White House statement.
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How Trump's tariffs will hit Chinese companies like Temu and Shein

The Times of India 03 Apr 2025
US President Donald Trump’s latest executive order, signed on Wednesday, targets the “de minimis” trade exception that had previously allowed Chinese companies like Temu and Shein to ship low-cost goods to the United States without facing tariffs.
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Trump Announces at Least 10% Tariff on All Imports

MarineLink 03 Apr 2025
Following his remarks, Trump signed an order to close a trade loophole used to ship low-value packages - those valued at $800 or less - duty-free from China, known as "de minimis." The order ...
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Donald Trump’s new tariff rate formula – What do we see?

Cryptopolitan 03 Apr 2025
According to shared on the US Trade Representative website, the formula calculates a country’s trade surplus with the US as a percentage of its total exports, then divides that figure by two to determine the tariff rate.
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After Lok Sabha nod, Waqf Bill to be presented in Rajya Sabha today

The Siasat Daily 03 Apr 2025
The motion was moved by Sonowal on April 1, namely – “That the Bill to consolidate and amend the law relating to regulation of coastal shipping, promote coasting trade and encourage domestic ...
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US president announces 10% tariff on all imports, with higher rates for some

The Daily Herald - St Maarten 03 Apr 2025
Trading partners are ... Following his remarks, Trump signed an order to close a trade loophole used to ship low-value packages - those valued at $800 or less - duty-free from China, known as "de minimis."
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