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U.S. and China begin slapping each other with port fees

Port fees became the latest weapons in the U.S.-China trade war on Oct. 14 as Americans started penalizing shippers for using Chinese built or owned vessels and China reciprocated with matching fees. The fees for docking and unloading in ports kicked in as trade tensions between the world’s two largest economies were heating up: China’s Oct. 9 announcement of plans for greater control of rare earth exports sparked a suggestion of a new, 100% tariff on Chinese goods by U.S.

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U.S. and China begin slapping each other with port fees

Port fees became the latest weapons in the U.S.-China trade war on Oct. 14 as Americans started penalizing shippers for using Chinese built or owned vessels and China reciprocated with matching fees. The fees for docking and unloading in ports kicked in as trade tensions between the world’s two largest economies were heating up: China’s Oct. 9 announcement of plans for greater control of rare earth exports sparked a suggestion of a new, 100% tariff on Chinese goods by U.S.

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ENERGY & COMMODITIES NEWS

As oil prices drop, tanker profits rise

Plentiful oil is keeping crude prices stable while driving up demand for oil tankers and profits for tanker operators, according to reports. “Right now, it costs more than $87,000 a day to carry about 2 million barrels from Saudi Arabia...

Brazil’s soaring SAF industry hits turbulence in US

Already on the forefront of developing sustainable aviation fuels (SAF), Brazil’s industry received a big boost recently when a United Nations body certified that Brazil’s SAF production is cleaner than America’s. But recent decisions by the Trump Administration make it...

FOOD & AGRICULTURE NEWS

Brazil’s soaring SAF industry hits turbulence in US

Already on the forefront of developing sustainable aviation fuels (SAF), Brazil’s industry received a big boost recently when a United Nations body certified that Brazil’s SAF production is cleaner than America’s. But recent decisions by the Trump Administration make it...

louisiana carbon capture

How Louisiana can emerge as an American energy leader

For Louisiana to regain competitiveness on a national scale, there must be an effort to diversify and expand industries in the state. Fresh opportunities in industries such as oil and gas, timber, and manufacturing are attracting investors from all over the globe to the Bayou State. One critically important sector for Louisiana’s competitiveness is the energy sector. Louisiana saw tremendous growth over the last century in the energy space, specifically the oil and gas industry. Now that industry is looking

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louisiana carbon capture

How Louisiana can emerge as an American energy leader

For Louisiana to regain competitiveness on a national scale, there must be an effort to diversify and expand industries in the state. Fresh opportunities in industries such as oil and gas, timber, and manufacturing are attracting investors from all over the globe to the Bayou State. One critically important sector for Louisiana’s competitiveness is the energy sector. Louisiana saw tremendous growth over the last century in the energy space, specifically the oil and gas industry. Now that industry is looking

Read More...

ESG NEWS