Tag: tariffs

Sustainability and efficiency gained a more significant role in port of Rotterdam’s new port tariffs after constructive consultations.

Panama correspondents announced that the Panama Canal Authority has introduced a new ‘disruption charge’ tariff, where vessels will be charged if it causes delays or disruptions in the canal’s schedule.

Port Milwaukee approved its new ‘StewardSHIP’ sustainability initiative for vessels that have implemented emission reduction measures.

As punishment for US subsidies for Boeing, the European Union decided to move forward with its plan of hitting $4bn (£3bn) of American goods with tariffs.

Cyprus Chamber of Commerce and Industry (CCCI) recently expressed its concerns on the increased charges at Limassol port, fearing that will have a negative result upon the competitiveness of the shipping  market. For the records, the charges have been applied from 1st of February.

Following the Phase 1 trade deal with China, U.S. President Donald Trump announced that will shift his attention to Europe, post-Brexit Britain and India. Namely, Trump informed that will force new tariffs, shaking up relations with the above-mentioned major U.S. trading partners.

The Port Executive Director Gene Seroka recently announced that the Port of Los Angeles moved near-record cargo in 2019 with a total of 9,337,632 Twenty-Foot Equivalent Units (TEUs), just short of the second-best year in its 113-year history, despite lingering tensions from the U.S.-China trade war.

Oil prices dropped an almost 1% on Wednesday, following a surprise build in the U.S. crude inventories led by  a concern within the trading and analytical communities that a new round of tariffs on Chinese goods might be imposed in the following days.

After 11 months of 2019, total volumes have increased .4% in the Port of Los Angeles- America’s premier port- compared to its record-braking 2018. In a statement, it is said that the Port moved 728,918 Twenty-Foot Equivalent Units (TEUs) in November, a 12.4% decrease compared to last year.

Port of Los Angeles issued the “By the Numbers: Jeopardizing the National Benefits of Trade through America’s Busiest Port Complex” report, highlighting that tariffs have a negative impact on jobs, income and tax revenue.