Passenger Marine Transportation

Trump signss executive order to revitalize US Shipbuilding

On Wednesday, U.S. president Donald Trump signed an Executive Order aimed at revitalizing U.S. Shipbuilding and reducing China’s grip on global shipping. For years, Republican and Democratic U.S. legislators have warned of China's increasing dominance in the seas as well as the diminishing U.S. navy readiness. The order instructs the U.S. trade representative to proceed with a plan, which includes charging U.S. docking fees for any ship in a fleet of vessels that are Chinese-built or Chinese flagged. Allies will also be encouraged to follow suit. The Department of Homeland Security is also required to enforce the collection of Harbor

Transport Infrastructure

Trump is expected to sign an executive order on US Shipbuilding, according to sources

US pulls out of carbon talks with shipping and urges others to do the same - document

A diplomatic note stated that the United States had withdrawn from London talks on decarbonisation of shipping and Washington would consider "reciprocal actions" to offset any fees assessed to U.S. vessels. This week, delegates are meeting at the UN Shipping Agency's headquarters to discuss decarbonisation measures that will enable the shipping industry worldwide to achieve net zero emissions by "around 2020". A proposal submitted by a group of countries, including the European Union to the UN International Maritime Organization was aimed at reaching agreement on the first carbon levy in shipping for greenhouse gas (GHG). The United States has sent

Ground Transportation

US pulls out of carbon talks with shipping and urges others to do the same - document

Sources say that the US is considering adjusting its port fees plan for Chinese vessels in response to pushback.

Six sources claim that the Trump administration may soften its proposed fee for China-linked vessels visiting U.S. port after receiving a lot of negative feedback. The industries said it could be financially devastating. Six sources familiar with the issue said that the six changes being considered include a delayed implementation as well as new fee structures aimed at reducing the cost of visiting Chinese vessels. Sources asked to remain anonymous due to the sensitive nature of the subject. The White House, and the Office of the U.S. Trade Representative(USTR), the government agency involved in the draft of the proposal, have

Ground Transportation

Red Sea Insurance Rates Stay Firm as US Airstrikes Raise Fears for Ships

Industry sources say that the cost of shipping goods across the Red Sea will remain stable after the United States conducted further airstrikes in Yemen on Monday. This has heightened fears about new attacks by Iran-aligned Houthis, who are targeted by Washington. The U.S. conducted airstrikes Saturday in response to threats by the Houthi Movement to threaten international shipping. Al Masirah TV, a Houthi-run TV station, said that the Houthis targeted the Red Sea port of Hodeidah on Monday and the Al Jawf Governorate, north of Sanaa, according to the Houthis. In January, Houthis announced that they would cease attacks

Italy's prosecutors launch terrorism investigation into the oil tanker explosions