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Tariffs and trade tensions dominate global shipping in first half of 2025

Tariffs and trade tensions dominate global shipping in first half of 2025
New US tariffs and escalating global trade tensions have reshaped vessel markets in the first half of 2025, curbing investment in some sectors while accelerating strategic orders in others, according to the Half-Year Market Report by Veson Nautical, a leading provider...
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India aims to import about 10% of its cooking gas from US from 2026, say sources

India plans to source about 10% of its cooking gas imports from the U.S. beginning in 2026 as part of a broader effort to boost energy purchases to narrow its trade gap with Washington, four industry refining sources familiar with the matter said. The world’s third...
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Korean Government Requests U.S. to Exempt Car Carrier Ships from Entry Fee

Korean Government Requests U.S. to Exempt Car Carrier Ships from Entry Fee
The Korean government has officially requested the United States to exempt car carrier ships from the newly announced entry fee, which the U.S. plans to impose on foreign-built car carriers starting Oct. 14. According to the Office of the United States Trade...
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Everllence Celebrates 1,000th ME-GI engine; Milestone Unit goes to Hapag-Lloyd

Everllence Celebrates 1,000th ME-GI engine; Milestone Unit goes to Hapag-Lloyd
At a ceremony at Hapag-Lloyd’s headquarters in Hamburg, Dr Uwe Lauber, CEO of Everllence, presented Hapag-Lloyd’s CEO, Rolf Habben Jansen, and Managing Director Fleet, Silke Lehmkoster, with a plaque commemorating the company’s order for an Everllence B&W ME-GI...
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IACS progress on safe decarbonization and safe digital transformation highlighted at Council meeting in Beijing

IACS progress on safe decarbonization and safe digital transformation highlighted at Council meeting in Beijing
The IACS Council met in Beijing last week (C91) to assess and advance the Association’s progress on the safe decarbonization and digital transitions, on the further development of Common Structural Rules, and on the many joint initiatives currently underway with...
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Rising Demand for Thai Parboiled Rice in West Africa as Price Gap with India Narrows

Rising Demand for Thai Parboiled Rice in West Africa as Price Gap with India Narrows
Demand for Thai parboiled rice is emerging in the West African market, as the price difference between Thai and Indian parboiled rice has declined sharply recently. Platts, part of S&P Global Commodity Insights, assessed Thai PB 100% at $375/mt FOB and India PB 5%...
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