logo
Korean Shipbuilder Hanwha Seizes Chance to Build US LNG Tankers

Korean Shipbuilder Hanwha Seizes Chance to Build US LNG Tankers

Bloomberg21-04-2025
A South Korean shipbuilder plans to construct the first US-built liquefied natural gas tanker, following sweeping recommendations from a US trade agency that would tax ships made in China and aim to combat the Asian nation's dominance in the industry.
Hanwha Shipping's expansion comes after the US Trade Representative on Thursday unveiled a proposal that would impose fees on Chinese-built vessels at US ports after a six month grace period. The plan also requires LNG carriers exporting US fuel to be flagged and built in the country.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US Futures Climb After Trump Agrees EU Tariff Deal: Markets Wrap
US Futures Climb After Trump Agrees EU Tariff Deal: Markets Wrap

Bloomberg

time30 minutes ago

  • Bloomberg

US Futures Climb After Trump Agrees EU Tariff Deal: Markets Wrap

US equity futures climbed after the US and European Union struck a deal that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war. S&P 500 contracts rose 0.4% after the index notched its fifth-straight all-time high on Friday. Asian equity futures were muted as investors braced for a busy week of data including a Federal Reserve meeting and the Aug. 1 deadline for American trade pacts. The euro was slightly higher against the dollar.

Hedging by Australia's Pension Funds Set to Boost Local Dollar
Hedging by Australia's Pension Funds Set to Boost Local Dollar

Bloomberg

time30 minutes ago

  • Bloomberg

Hedging by Australia's Pension Funds Set to Boost Local Dollar

The Australian dollar is set for further gains as the nation's biggest pension funds have reason to boost hedging of their US assets to shield them from policy uncertainties. Tariff risks and bets that the Federal Reserve will cut interest rates should weaken the greenback, according to Ray Attrill, head of foreign-exchange strategy at National Australian Bank in Sydney. Aussie pension funds may then have to increase currency hedging for their US assets, he said.

Yemen's Houthis threaten to target ships linked to firms dealing with Israeli ports
Yemen's Houthis threaten to target ships linked to firms dealing with Israeli ports

Yahoo

timean hour ago

  • Yahoo

Yemen's Houthis threaten to target ships linked to firms dealing with Israeli ports

(Reuters) -Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel. In a televised statement, the Houthis' military spokesperson warned that ships would be attacked if companies ignored their warnings, regardless of their destination. "The Yemeni Armed Forces call on all countries, if they want to avoid this escalation, to pressure the enemy to halt its aggression and lift the blockade on the Gaza Strip," he added. Since Israel's war in Gaza began in October 2023, the Iran-aligned Houthis have been attacking ships they deem as bound or linked to Israel in what they say are acts of solidarity with Palestinians. In May, the U.S. announced a surprise deal with the Houthis where it agreed to stop a bombing campaign against them in return for an end to shipping attacks, though the Houthis said the deal did not include sparing Israel. Solve the daily Crossword

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store