News

Taiwan is considering increasing its liquefied natural gas (LNG) imports from the US from 10% to 30% to help reduce the bilateral trade deficit. Economics Minister Kuo Jyh-huei said this shift is part of a broader plan involving state-backed purchases....

Taiwan’s National Stabilization Fund (NSF) activated NT$88 billion as part of a broader NT$500 billion effort to support the stock market following a sharp decline caused by new 32% US tariffs. The government also announced a NT$70 billion aid package...

The White House has published a document confirming that China’s 34% tariff rate – set to come into effect in a few hours – will be increased to 84%. Chinese exports to the US had already been subjected to 20%...

The Trump administration announced its withdrawal from International Maritime Organization (IMO) negotiations aimed at decarbonising the shipping industry and warned it would retaliate against any carbon-related fees imposed on U.S. vessels. The move was conveyed through a diplomatic note sent...

BP chairman Helge Lund has announced plans to step down, likely in 2026, with a succession process now underway led by senior independent director Amanda Blanc. The board aims to ensure a smooth transition while maintaining focus on executing BP’s...

Stolt-Nielsen reported a net profit of $151.4 million for the first quarter of 2025 on revenue of $675.6 million, compared to a profit of $104.0 million on $707.3 million in the same period of 2024. Excluding one-off gains of $75.2...

Maritime Strategies International (MSI) analyst Bonita Nightingale highlights that while chemical and edible oil trade has grown modestly in 2024, volumes remain below pre-pandemic levels. Tonnage supply remains tight, keeping freight rates and asset values elevated. Organic chemicals dominate shipments,...

Odfjell plans to modernize its fleet with 6 to 12 new stainless steel tankers starting around 2027, at a potential cost of $500–$900 million. The vessels will replace older ships and feature advanced energy and fuel tech. Odfjell currently operates...

Taiwan’s economy, which is heavily reliant on exports, is projected to grow by less than 3% in 2025 due to the impact of reciprocal US tariffs, which are unexpectedly high at 32%. This tariff rate is above the regional average...

Shipping stocks fell sharply on Friday as China hit back at U.S. tariffs. New York-listed companies like Dorian LPG and Navigator Gas Holdings saw steep losses, dropping 15% and over 13%, respectively, amid broader market declines. Most stocks slump more...