Tanker trade patterns shift in face of US port tariffs

Tanker trade patterns shift in face of US port tariffs
Looming US port tariffs on Chinese-owned or operated vessels have already affected shipping markets and will continue to cause shifts in trading patterns, amid ongoing uncertainties. The US Trade Representative announced fees on ships that are either China-built or...
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IMO carbon pricing expected to be adopted next week

IMO carbon pricing expected to be adopted next week
Governments at the UN’s International Maritime Organization (IMO) are expected to adopt the world’s first global carbon pricing scheme on any international polluter: global shipping, at the Extraordinary Session of the Marine Environment Protection Committee (MEPC...
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Tanker Markets Could Be Supported by Indian Demand

Tanker Markets Could Be Supported by Indian Demand
The tanker market, both products and crude tankers could be the subject of increased demand from India in the coming months. In its latest weekly report, shipbroker Gibson said that “until recently, Indian CPP exports were broadly flat for the past 9 years, averaging...
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VLSFO cash differential extends losses

VLSFO cash differential extends losses
Asia’s very low sulphur fuel oil (VLSFO) differential eased further into a deeper discount on Friday, while the 380-cst high sulphur fuel oil (HSFO) were little changed in premiums. Cash differential for VLSFO fell to a discount of $2.43 per metric ton to Singapore...
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US presses forward on port fees despite China’s warning

US presses forward on port fees despite China’s warning
The United States is moving forward with a plan to collect port fees, putting the onus on ocean carriers to calculate and setting the stage for a showdown with China, which is teeing up its own retaliatory actions. The US Customs and Border Protection in a notice...
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