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U.S. President Donald Trump signed an executive order on Wednesday aimed at reviving U.S. shipbuilding and reducing China's grip on the global shipping industry.Republican and Democratic U.S. lawmakers for years have warned about China's growing dominance on the seas and diminishing U.S. naval readiness.The order directs the U.S. Trade Representative to move ahead with a plan that includes levying U.S. port docking fees on any ship that is part of a fleet that includes Chinese-built or Chinese-flagged vessels.

China's coast guard said on Thursday it had allowed a Philippine civilian vessel to deliver provisions to a warship "illegally grounded" at the Second Thomas Shoal, a disputed atoll in the South China Sea.The coast guard questioned and monitored the Philippine vessel throughout its supply mission, it said in a statement, urging the Philippines to work with China to manage the maritime situation.The Philippine embassy in Beijing did not immediately respond to a request for comment.China and the Philippines have traded barbs for months over manoeuvres at Second Thomas Shoal, an atoll within Mani

South Korea's trade and industry minister Ahn Duk-geun said on Wednesday that potential cooperation with Washington in the shipbuilding sector is a "very important card" in negotiating with the U.S. over its tariffs.U.S. President Donald Trump spoke to South Korean interim leader Han Duck-soo late on Tuesday to discuss shipbuilding and potential energy deals in what Trump labelled a "great call", a day before a 25% tariff on its Asian ally was due to kick in."Since President Trump and the Trump administration are showing great interest in shipbuilding cooperation…

The United States has withdrawn from talks in London looking at advancing decarbonisation in the shipping sector and Washington will consider "reciprocal measures" to offset any fees charged to U.S. ships, a diplomatic note said.Delegates are at the UN shipping agency's headquarters this week for negotiations over decarbonisation measures aimed at enabling the global shipping industry to reach net zero by "around 2050".An initial proposal by a bloc of countries including the European Union, which was submitted to the UN's International Maritime Organization (IMO), had sought to reach agreement for the world’s first carbon levy for shipping on greenhouse gas (GHG) emissions."The U.S.

Grain and agro-industrial products ships will be unable to dock or leave Argentina's Rosario agro-port hub on Thursday because of a CGT union strike against government policies, the head of the private port chamber CAPyM said.The CGT's action, which brings together numerous unions in the country, will start at midnight on Thursday (0300 GMT), and last 24 hours."We will not be able to dock and moor the ships," Guillermo Wade, manager of the Chamber of Port and Maritime Activities, told Reuters, citing the strike by the Maritime Workers Union and the river navigators' union.Ships already moored

President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources.Among the changes under consideration are delayed implementation and new fee structures designed to reduce the overall cost to visiting Chinese vessels, according to the six sources with knowledge of the matter.The sources asked not to be named due to the sensitivity of the issue.The White House and the Office of the U.S.

Thousands of Greeks gathered in Athens on Wednesday to demand higher wages to cope with rising living costs and a one-day strike left ferries docked at ports, flights grounded and trains at a standstill.Along with air traffic controllers, seafarers and train workers, municipal workers and bus and metro workers in the capital also walked out.Greece has emerged from a 2009-2018 debt crisis which led to rolling cuts in wages and pensions in turn for bailouts worth some 290 billion euros.

Mitsui O.S.K. Lines (MOL), Japan's second-largest shipping company, aims to capitalize on opportunities that emerge from a shift in trade routes driven by new U.S. tariffs, CEO Takeshi Hashimoto said.The highest U.S. tariffs in more than a hundred years came into force on Wednesday, roiling global markets."Trade routes will inevitably be reshuffled," Hashimoto told Reuters in an interview on Tuesday."We'll likely see increased trade from low-tariff countries and declines from high-tariff ones…

The United States will "take back" the Panama Canal from Chinese influence, U.S. Defense Secretary Pete Hegseth said on Tuesday during a visit to the Central American nation.After talks with Panama's government, Hegseth vowed to deepen security cooperation with Panamanian security forces and said China would not be allowed to "weaponize" the canal by using Chinese firms' commercial relationships for espionage."Together, we will take back the Panama Canal from China's influence," Hegseth said, speaking at a pier renovated with U.S. assistance in Panama City."China did not build this canal.

A prominent energy research firm slashed its five-year outlook for new U.S. wind energy projects by 40% on Tuesday, citing Trump administration policies and concerns about the economy.Wood Mackenzie expects the United States to install 45.1GW of wind, both onshore and offshore, through 2029. It had originally forecast installations of 75.8GW over that period, the firm said in a statement.U.S. power consumption is expected to rise to record highs in 2025 and 2026, jumping nearly 3% this year from 2024's all-time high…

U.S. Trade Representative Jamieson Greer told lawmakers on Tuesday that not all of the agency's proposed multimillion-dollar fees for Chinese-built ships to dock at U.S. ports will be implemented, and they may not be cumulative.Greer told a Senate Finance Committee hearing that the proposals were made to address a lack of shipbuilding in the United States.He said the port fees were "proposed actions or series of potential revenue" that could be used to incentivize shipbuilding…

A Russian court overturned on Monday a decision by a regulator to suspend the operation of an oil berth at the Black Sea port of Novorossiisk controlled by Transneft, an industry source told Reuters.Transneft said last week it had suspended mooring number 8 at Novorossiisk for 90 days after a snap inspection by a transport watchdog.The Novorossiisk Commercial Sea Port (NCSP) is one of Russia's largest export outlets and the closure of one mooring is unlikely to affect its operations significantly.The source said the port was fined 200,000 roubles ($2,322) for unspecified irregularities.

New Zealand said on Monday it would boost defense spending by NZ$9 billion ($5 billion) over the next four years, and aim to nearly double spending to 2% as a share of GDP in the next eight years, at a time of rapidly growing tension worldwide.The details came in remarks by Prime Minister Christopher Luxon, who called for more spending on defense to ensure prosperity."New Zealand and our allies and partners across the world are no longer in a benign environment," he told a press…

Foreign ministers from the G7 nations called China's recent military drills around Taiwan provocative and destabilizing while urging dialogue for "peaceful resolution of issues.""These increasingly frequent and destabilizing activities are raising cross-Strait tensions and put at risk global security and prosperity," the top diplomats from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America said in a joint statement on Sunday."G7 members continue to encourage the peaceful resolution of issues through constructive cross-Strait dialogue."Last week, China's

Shipping giant CMA CGM and tech startup Mistral AI expect rapid productivity gains from a 100 million euro ($110 million) partnership unveiled on Sunday, which the French firms also touted as a commitment to their home country amid the global trade tensions.The five-year partnership, which will bring CMA CGM's AI-related spending to 500 million euros ($550 million), will focus on customer service in shipping and logistics and factchecking at its French media businesses that include news channel BFM TV.In a joint interview with Mistral's co-founder and CEO Arthur Mensch…

Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump's administration.Offshore wind was a key pillar of former President Joe Biden's promise that fighting climate change will create jobs and invigorate the economy. In 2023 and 2024, however, several offshore wind companies took billions in write-offs, impairments and other cancellation fees after determining they could no longer complete projects profitably due to rocketing construction costs…

Asian spot liquefied natural gas (LNG) prices remained at their lowest level in nearly six months on Friday as U.S. President Trump's "liberation day" tariffs pulled global markets down amid fears of a global recession.The average LNG price for May delivery into north-east Asia LNG-AS remained unchanged from last week at $13.00 per million British thermal units (mmBtu), the lowest level since October 11, industry sources estimated."The risk of a global trade war and economic slowdown is pulling down global stock markets and fears of slower growth will impact energy prices too…

The Caspian Pipeline Consortium (CPC) said on Friday that a Russian court ruled that its Black Sea export terminal facilities should not be suspended, in a major victory for the Western-backed consortium.The decision looks set to avert a potential fall in Kazakhstan's oil production and supplies via the CPC, which accounts for around 80% of the country's oil exports.Industry sources told Reuters about a flurry of diplomatic activity over the pipeline's operations between Russia and Kazakhstan before the court ruling.Russia's oil pipeline monopoly Transneft said on Thursday that its head…

Russia's seaborne diesel and gasoil exports fell in March after unplanned maintenance on local refineries, LSEG and market sources data showed.Drone attacks in January and February hit Russian refineries owned by Rosneft at Ryazan, Syzran and Saratov, as well as Lukoil's Volgograd refinery.Traders said the resulting fall in processing led to lower oil products exports in March.In total, diesel and gasoil exports from Russian ports fell to about 3.8 million metric tons, down 5% from February, Reuters calculations based on LSEG and market sources data showed.Turkey and Brazil remained the main i

An ageing tanker loaded with Russian oil that was barred by Indian authorities is transferring its cargo to a second ship to complete the delivery, according to two sources and ship tracking data.The Andaman Skies is transferring its cargo of crude oil to the Sao Tome and Principe-flagged vessel Ozanno, the sources said.While many buyers have shunned Russian oil since Moscow's invasion of Ukraine in 2022, India and China have remained keen buyers. India is the biggest buyer of seaborne Russian crude…

The search for the wreckage of the missing Malaysia Airlines flight MH370 in the southern Indian Ocean has been suspended due to poor weather conditions and will only resume at the end of the year, Transport Minister Loke Siew Fook said on Thursday.Flight MH370, a Boeing 777, was carrying 227 passengers and 12 crew when it vanished en route from Kuala Lumpur to Beijing in 2014, in one of the world's greatest aviation mysteries.The minister, quoted by state news agency Bernama, did not say why such a prolonged delay was required.

U.S. and Chinese military officials met in Shanghai for a series of meetings which the U.S. military said on Thursday were focused on reducing unsafe actions by Chinese military ships and planes."Military officials from the U.S. traveled to Shanghai, China to meet for working-level talks focused on decreasing the incidences of unsafe and unprofessional PLA Navy and PLA Airforce actions," the U.S.

At least seven migrants died, including one boy, one girl and two women, when their boat sank on Thursday (April 3) off the Greek island of Lesbos, Greece's coastguard said.The boat was detected by a patrolling coastguard vessel at about 2 a.m. local time (2300 GMT on Wednesday) north of Lesbos.So far 23 migrants have been rescued and a search and rescue operation was still ongoing, a coastguard official said. It was not immediately clear how many people may have been on the boat.Greece…