France’s CMA CGM warns shipping boom will slow
French container ship giant CMA CGM once once more delivered a stellar financial report. Its second-quarter profit doubled from the same period last year and also increased compared with the first quarter, but the company echoed peers and warned that the shipping industry’s prosperity will decline Slower, as consumer spending is falling, affecting demand for ocean freight and the outlook for freight rates.Read the full article…
USTR: Initiate tariff review while continuing to implement Trump’s tariffs on China
The U.S. Trade Representative (USTR) said on Friday (2nd) that following consulting companies, it will continue to implement the punitive tariffs on hundreds of billions of dollars of Chinese imports under former President Trump while starting the tariff review process in accordance with the law. .Read the full article…
Beixi No. 1 failed to resume gas supply as scheduled, Gazprom said it found oil leakage
Gazprom said on Friday (2nd) that the Nord Stream 1 gas pipeline might not be restored as scheduled due to a turbine oil leak during a joint inspection with Siemens Energy. gas. Gazprom did not disclose when the gas supply would be restarted in the announcement, only stressing that pipeline gas transportation operations will be completely stopped until the problem is completely eliminated.Read the full article…
G7 finance ministers agree to price cap on Russian oil, details still not finalized
The finance ministers of the Group of Seven (G7) reached a consensus on Friday (2nd) to set a price cap on Russian oil, on the one hand to cut Moscow’s revenue during the Russian-Ukrainian war, on the other hand, to keep crude oil flowing to avoid price spikes, but The range of the price cap was not mentioned in the G7 joint statement.Read the full article…
