On February 10, 2025, President Donald J. Trump signed two proclamations—Adjusting Imports of Steel Into the United States and Adjusting Imports of Aluminum Into the United States—reinstating 25% tariffs on all steel and aluminum imports. The move eliminates prior exemptions and alternative agreements, significantly impacting global trade. WHY THE U.S. [...]
SLOW FREIGHT RECOVERY CONTINUES With Week 08 underway, global freight volumes remain sluggish, as demand struggles to recover following Lunar New Year closures and new tariff policies. Market activity is currently at 30-40% of pre-holiday levels, with a gradual rebound expected after mid-March as manufacturing operations ramp up. GEMINI [...]
INTERNATIONAL MARITIME ORGANIZATION REAFFIRMS COMMITMENT TO GHG EMISSIONS REDUCTION At a recent press conference, the International Maritime Organization (IMO) announced its focus for advancing decarbonization efforts within the global maritime shipping industry in 2025. IMO Secretary-General Arsenio Dominguez reaffirmed the agency's ongoing commitment to reducing greenhouse gas (GHG) emissions [...]
BIS PUTS NEW EXPORT LICENSE APPLICATIONS ON "HOLD WITHOUT ACTION" The Bureau of Industry and Security (BIS) has paused reviews of new export license applications submitted after February 5, 2025. No formal announcement has been published from the agency, nor have the actions been announced on the White House website. [...]
On February 13, 2025, President Donald J. Trump announced the Fair and Reciprocal Plan, a new trade and tariff strategy aimed at addressing imbalances in international trade. This announcement follows the administration’s decision earlier in the week to impose 25% tariffs on steel and aluminum imports. According to President Trump, [...]
Q4 DONATIONS IN 2024 SUPPORTS SUSTAINABLE FARMING At Green Worldwide Shipping, we believe that sustainability is more than a corporate value—it’s an active commitment. Through our partnership with Trees for the Future (TREES), we continue to support reforestation, regenerative agriculture, and sustainable development in communities worldwide. Through the Green [...]
FREIGHT MARKET OUTLOOK: VOLUME REBOUND DELAYED UNTIL MID-MARCH With Week 07 underway, the freight market remains in flux, experiencing soft demand following the Lunar New Year holiday. Uncertainty with U.S. trade actions is creating shifts in seasonal bookings, while new carrier alliances are restructuring capacity across various trade lanes. [...]
On February 10, 2025, President Donald J. Trump issued a proclamation adjusting imports of steel into the United States. WHITE HOUSE REINSTATES 25% TARIFF ON STEEL IMPORTS, NO EXEMPTIONS OR ALTERNATIVE AGREEMENTS This action reinstates a 25% tariff on steel imports, removing previous exemptions and alternative agreements with countries such [...]
U.S. TARIFF ON CHINA AMENDED BY NEW EXECUTIVE ORDER The latest U.S. Presidential Executive Order, signed on February 5, 2025, reinstates de minimis duty-free treatment for certain Chinese-origin goods impacted by the February 1, 2025, Executive Order on the Synthetic Opioid Supply Chain in the People’s Republic of China. [...]
SPECIAL EDITION U.S. TARIFFS ON KEY TRADE PARTNERS: CHINA, CANADA, & MEXICO Week 06 finds the freight market responding to a shifting global trade landscape as the U.S. rolls out new tariffs on key trade partners. The first tariffs targeting Chinese-origin goods, took effect on February 4, 2025, at [...]
