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Dry Weekly Market Monitor: U.S. Steel Tariffs on Chinese Steel Exports

The recent reinstatement of a 25% tariff on steel imports by the United States, effective March 12, 2025, aims to protect domestic manufacturing but has significant implications for global trade dynamics, particularly concerning China’s steel exports and the freight vessel industry. Impact on China’s Steel Exports:
China, accounting for more than 50% of the world’s steel …

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Record Number Of Shipowners Choosing Advanced Marine Coatings In Response To CII Challenges

This is a transformational year for the global maritime industry. The changing regulatory landscape, with Fuel EU coming into full effect and the extension of the EU Emissions Trade System (EU ETS) scope, has added additional considerations for vessel owners and operators when it comes to keeping their fleet efficient and compliant. At International® marine …

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Shipping firms pull back from Hong Kong to skirt US-China risks

Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so. Behind these low-profile moves, six shipping executives said, lie concerns that their ships could be commandeered by Chinese authorities or hit with U.S. sanctions in a conflict between Beijing …

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LNG retrofits surge as maritime industry seeks short-term carbon reduction solutions

New LR report highlights both progress and persistent challenges in equipping existing vessels to meet ambitious emissions reduction targets. Lloyd’s Register’s (LR) latest Engine Retrofit Report reveals that while the maritime industry has made strides in its ability to execute ship engine retrofits for alternative fuels, a critical lack of supply-side incentives threatens to delay …

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