US weighs penalties on nations favoring IMO’s maritime decarbonization plan
Vessels for countries supporting the Net-Zero Framework, a tax aiming to trim shipping emissions, could face blocked port entries or visa restrictions.
Vessels for countries supporting the Net-Zero Framework, a tax aiming to trim shipping emissions, could face blocked port entries or visa restrictions.
But it will take several months of sustained peace before liners are confident enough of safe passage to redirect mainline services through the Suez Canal, according to an HSBC report.
The new duties will take effect Nov. 9 and could be followed by 150% levies on other port-related equipment.
IMO member states should focus on the substance of the proposed net-zero framework and not on opposition to the measures, was Secretary-General Arsenio Dominguez’s message as the four-day session got underway.
Avacraft is simplifying inventory management and documentation processes with support from the e-commerce giant’s offerings, CEO Asha Kangralkar said.
The persistent pressure on India-Europe rates comes despite sporadic capacity cuts implemented by major carriers.
Meatpacking giants have agreed to pay nearly $200 million to address allegations they illegally conspired to limit bacon, ham and sausage supply to boost profits.
While some companies are using regional supply chains or leaning on tariff exemptions by maximizing compliance, others are frozen in place.
The maker of wind energy components has invested in its first heavy cargo deck carrier, one of four such vessels built by Dajin’s own shipbuilding division that the company will take delivery of this year.
Breakbulk and project carriers continue to be upbeat for cargo prospects through the end of the year and into 2026.