On February 21, 2025, the Office of the US Trade Representative released a notice of a proposal to impose wide-ranging fees on shipping companies and vessels with a Chinese nexus.
The outgoing administration of US President Joe Biden added several prominent Chinese companies to a list of “Chinese military companies” maintained by the Department of Defense.
The US has unilaterally pulled out of its shipping tax treaty with Hong Kong, which will affect Hong Kong and US taxpayers engaged in shipping.
In this article, we consider the similarities to the response to SARS and how the issues in relation to and threats from coronavirus differ from SARS.
COSCO Tanker and COSCO Shipping Tanker (Dalian) Seaman and Ship Management Co., as well as four other Chinese companies, have been placed on the list of “Specially Designated Nationals and Blocked Persons by the US Office of Foreign Assets Control. This article looks into the effects of these sanctions.
Following the completion of the transaction, Hoegh LNG is now fully funded with both equity and debt for its current newbuilding programme, which will be completed with the delivery of Hoegh Galleon in August 2019.