Maritime Vessels Directory

The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House, the new measures include a 10% minimum tariff on most imported goods, with certain products - particularly those from major U.S. trade partners like China, South Korea, Japan, and the European Union - facing duties as high as 25%. Oil, gas, and refined petroleum products have been exempted from the tariffs for now, though the broader economic fallout is expected to be significant.Impact on U.S.

Trump Announces at Least 10% Tariff on All Imports

15 hours ago

President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, including some of the United States' biggest trading partners, deepening a trade war that he kicked off on his return to the White House.The sweeping duties would erect new barriers around the world's largest consumer economy, reversing decades of trade liberalization that have shaped the global order. Trading partners are expected to respond with countermeasures of their own that could lead to dramatically higher prices for everything from bicycles to wine.U.S.

Marlink Creates Dedicated Cyber Company to Meet Security and Compliance Demand

yesterday

Marlink, a leader in managed services for business-critical IT solutions, has created Marlink Cyber, a dedicated cyber security company to address growth of cyber threats and the increasing need for compliance.Marlink Cyber combines expertise within Marlink with the skills, resources and geographic presence gained with the acquisition of Diverto and Port-IT. Some 150 experts will focus on developing and delivering the services and solutions customers need to address emerging cyber challenges.

A.P. Møller Makes All-Cash Offer to Take Svitzer Private

yesterday

A.P. Møller Holding has, through its wholly owned subsidiary APMH Invest (APMHI), made an all-cash voluntary recommended purchase offer to the shareholders of Svitzer Group to acquire all issued and outstanding shares of the company.A.P. Møller Holding, through its wholly owned subsidiary APMHI, currently owns 47% of the share capital and voting rights of Svitzer.The offer price values Svitzer's total share capital at approximately $1.3 billion (DKK 9.0 billion) and represents a premium of 31.7% against to the closing share price April 1, 2025.APMHI has been the largest shareholder of Svitzer since its listing on Nasdaq Copenhagen in April 2024.

NYK President Says US Tariffs Will Slow Cargo Flows

2 days ago

Nippon Yusen (NYK), Japan's largest shipping line, is concerned that U.S. President Donald Trump's tariffs could push up the cost of automobiles and daily goods, denting consumer demand and slowing cargo flows, its president said."The tariffs are not directly borne by consumers, but the burden ultimately falls on them, which in turn reduces the actual flow of goods. That's our biggest concern," President Takaya Soga told Reuters in an interview on Monday.Trump last week unveiled plans to impose a 25% tariff on automobile imports, a move expected to hit Japan's export-driven economy. He has also vowed to announce reciprocal tariffs targeting all trading partners on Wednesday.

Maritime Reporter and Engineering News (February 2025)