China has ordered its airlines not to take further deliveries of Boeing jets in response to the U.S. decision to impose 145% tariffs on Chinese goods. China’s top three airlines – Air China, China Eastern Airlines, and China Southern Airlines had planned to take delivery of 45, 53 and 81...
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U.S. plans phased approach to port fees for Chinese ships
The United States announced a multi-phase scheme for port fees on Chinese-linked shipping based on the size of ships. The reset comes after a wave of opposition during public hearings in March from shippers, exporters and other maritime stakeholders to millions of dollars in fees proposed by the United States...
The Importance of Reducing Carbon Footprint in Global Shipping
As global trade continues to expand, the logistics industry faces increasing pressure to adopt sustainable practices. Businesses and consumers alike are prioritizing eco-friendly solutions, and logistics companies play a critical role in reducing carbon emissions for logistics services. Reducing the carbon footprint in global shipping is essential to creating a...
$3.5m: How much this COSCO ship might be charged when calling at a U.S. port
The trade office has recommended potential fees of up to $1.5m per port call for Chinese-built vessels, $1m per port call for operators of Chinese-built ships, and mandatory US-flag shipping requirements. Most operators in the world have in their fleet one or more ships of Chinese origin meaning that when...
Oil Prices Rise for Second Consecutive Week on Expected Tighter Supply
Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude prices rose by 2.1% over the week, while U.S. West Texas Intermediate crude increased...
From Ports to Doorsteps: The Importance of Intermodal Transport in Global Trade
Intermodal transport optimizes global trade by combining ocean, air, rail, and trucking, lowering costs and improving delivery efficiency. Businesses benefit from cost savings, faster deliveries, and a reduced carbon footprint by utilizing multiple transport modes strategically. Despite its advantages, intermodal transport faces challenges like port congestion and customs complexities, which...
Counter-counter-tariffs? Trump threatens to hit back against EU’s retaliation
This Wednesday, U.S. President Donald Trump threatened to hit back against Europe’s own retaliatory move to Washington’s 25% tariffs on steel and aluminum imports. As the latest tariffs went into effect on Wednesday, the European Union (EU) announced it would impose counter-tariffs on 26 billion euros ($28.33 billion) worth of...
DID YOU KNOW THAT WE HAVE OUR OWN RAIL SPUR AT GATEWAY?
Legislation reintroduced Tuesday in the House of Representatives would establish a 10% tax credit to help upgrade the U.S. freight car fleet. Get those new cars moving with the Gateway Logistics team!
DO YOU HAVE ALL RISK INSURANCE?
The aircraft carrier USS Harry S. Truman and a merchant vessel collided late Wednesday in the Mediterranean Sea. The incident involving the Panamanian-flagged bulk carrier Besiktas-M occurred around 11:45 p.m. local time, near Port Said, Egypt. No injuries have been reported, but the extensive damages are clearly observable in recently...
Trump Raises Steel and Aluminum Tariffs to 25%
President Donald Trump has imposed a blanket 25% tariff on steel and aluminum entering the U.S. Bloomberg reported that the tariffs are being broadly imposed, applying to imports from allies such as the EU, Canada and Mexico and to finished metal products. The action drew applause from the Steel Manufacturers...