China suspended for one year port fees levied on U.S.-linked vessels, its transport ministry said on Monday, after Washington announced a similar pause on punitive actions against China's shipping and shipbuilding sectors.
The reciprocated pauses were in line with agreements reached by U.S. President Donald Trump and Chinese President Xi Jinping during a summit in South Korea last month.
President Donald Trump demanded air traffic controllers return to work on Monday as government-directed flight cuts and air traffic staffing absences continue to wreak havoc with U.S. air travel.
Trump added that he will reward those who did not take any time off during the 41-day federal government shutdown, but it is not clear how many controllers could qualify. Trump said he would welcome the resignation of those who took time off.
Officials from Egypt and major shipping lines met for discussions regarding a return of global shipping to the beleaguered Suez Canal trade route.
Ossama Rabiee, chairman of Egypt’s Suez Canal Authority, last week met with representatives of 20 shipping lines and agencies to discuss developments in the Red Sea and their impact on global trade transiting through the Canal and the maritime transport market.
A committee of European Union lawmakers endorsed on Monday the EU's plan to cut net planet-warming emissions by 90% by 2040 and water down the effort required by domestic industries by allowing them to use foreign carbon credits for 5% of the goal.
EU countries' climate ministers struck a final-hour deal on the legally-binding climate goal last week, just in time to avoid going empty-handed to the U.N.'s COP30 climate summit, which starts on Monday in Belem, Brazil.
Three months after the Hong Kong Convention (HKC) came into force, the ship recycling industry looks much the same. The yards remain busy, the paperwork continues to grow, and the sweeping reform promised by the Convention has yet to take shape.
This slow start is no surprise. The industry had more than a decade to prepare. Many shipowners, some had already aligned with the European Union Ship Recycling Regulation (EU SRR), which set stricter standards and effectively pushed global compliance years in advance.
Emirates SkyCargo has upgraded its road vehicle fleet with 40 new trucks as part of efforts to reduce the emissions created by its operations.
The MAN trucks have been added in co-operation with Allied Transport Company and conform to Euro 6 standards for emissions output.
The Port of Long Beach is moving cargo ahead of the record-setting pace achieved last year, largely because retailers ordered shipments early and stocked warehouses before tariffs and reciprocal tariffs were implemented in spring.
In a virtual news conference held Friday, Port of Long Beach CEO Mario Cordero and Chief Operating Officer Noel Hacegaba noted that although shifting trade policies have brought uncertainty to consumers and the supply chain, cargo continues to move smoothly at the nation’s second-busiest port.