AJOT Insights features expert analysis and opinion on transportation, logistics, maritime, ports, air cargo, trucking, rail, intermodal and international trade.
Despite recent U.S. trade negotiations with China and the U.K., the uncertainty around tariffs remains a driving force in supply chain decision-making.
Andrew Forrest, Executive Chairman of Australian mining company Fortescue, is urging the global maritime industry to support International Maritime Organization’s goals for zero emission shipping by 2050. The IMO goals will be voted on in October.
Shipping executives are warning that the transition to green and zero-emission fuels will be a long and difficult one, even with new goals being set by the International Maritime Organization.
As a result of the heightened immigration situation in the United States, “mariners are afraid of getting off their ships in the United States because they are worried, they might not be able to get back on,” according to Robert Wilkins, Executive Director, Seafarers’ Ministry of the Golden Gate.
France has joined Germany in demanding an outright withdrawal of an EU law on ‘ethical’ supply chains, which, if supported by other member states, would take the bloc’s pro-business, ‘less-green’ drive to another level and potentially have a positive bearing on negotiations with the Trump administration to secure a trans-Atlantic trade deal.
Shippers have arguably never been confronted with such a succession of crises in recent years, resulting in severe disruptions to supply chains – the COVID pandemic, the war in Ukraine, the Houthi attacks on ocean shipping in the Red Sea, and most recently, Donald Trump's mission to ‘rebalance’ international trade.
California has made substantial progress toward creating the infrastructure to support floating offshore wind farms that will generate 10 gigawatts of renewable power to support AI and other next-generation technologies, according to Adam Stern, Executive Director, Offshore Wind California.
The Port of Los Angeles reported that container volumes are down 30% for the first week in May due to the imposition of tariffs on imports, according to Eugene Seroka, Executive Director Port of Los Angeles.
In the aftermath of the U.S.- China agreement to temporarily reduce tariffs, maritime analyst Lars Jensen, Principal at Vespucci Maritime, is predicting: “an immediate surge of cargo from China to U.S.” but others aren’t so sure.