The US has revealed plans to impose port fees on Chinese ships to try to revive shipbuilding in the US and challenge China’s dominance of the industry. From mid-October, Chinese ship owners and operators will be charged $50 per ton of cargo with the fees increasing...

A decisive moment for global shipping regulation unfolded last week as the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC) concluded its 83rd session, which culminated in the approval of draft amendments establishing the ‘IMO...

The Export-Import Bank of Korea (Eximbank) announced on Sunday, April 20, 2025, that it has signed a significant business agreement with the Korea Ocean Business Corporation (KOBC) aimed at stabilizing the maritime supply chain. The agreement was finalized on Friday,...