Todays Featured News
Hapag-Lloyd Sees 50% China Booking Surge After Tariff Break
Post-tariff break, Hapag-Lloyd bookings surged 50%, boosting profits despite global shipping challenges.
China-US Container Bookings Surge 277%
Tariff pause sparks massive rebound in China-US container bookings, rising 277% within days.
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Suez Canal Offers 15% Discount to Boxships
Suez Canal cuts transit fees 15% for large containerships, hoping to regain traffic amid lingering Red Sea risks.
AD Ports Expands in Kazakhstan, Caspian
AD Ports partners with KazMunayGas and SEMURG to build ships and develop a key terminal, boosting Kazakhstan’s trade role.
Port of LA Faces 35% Import Drop Amid US-China Trade War
Tariffs trigger 17 May sailing cancellations; retailers pause amid soaring import costs.
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Cosco Shipping Launches Saudi Arabia Office to Expand Middle East Presence
New Saudi office strengthens Cosco's regional operations using Jeddah and Jubail terminals.
Tariffs Trigger Chaos in Shipping as Carriers Realign Global Capacity
Uncertainty over US tariffs disrupts Pacific trade, forcing unpredictable capacity shifts and fees.
CMA CGM Inks 30-Year Deal to Develop Syria’s Latakia Port
CMA CGM to invest $260M in Latakia port, building a deepwater berth and revenue-sharing.
FMC Orders Zim to Pay $3.68M to Samsung in Dispute
FMC awards $3.68M to Samsung for Zim’s OSRA violations in detention and demurrage billing.
Trump Eases Auto Tariffs to Support U.S. Automakers
Trump signs order easing auto tariffs, aiming to boost domestic manufacturing and reduce industry uncertainty.
OOCL Places $3B Order for 14 Methanol-Fueled Boxships
OOCL orders 14 dual-fuel ships in China, boosting COSCO’s fleet and advancing green shipping goals.
CEVA Logistics Acquires Borusan Tedarik for $440M
CEVA acquires Borusan Tedarik, expanding Turkey presence and boosting warehousing, port access, and European connectivity.
Trump's English Rule for Truckers and Import Delays Raise Concerns
Trump mandates English for truckers; combined with falling imports, major trucking and supply chain disruptions loom.
Algoma Launches New Tankers for East Coast Oil Deliveries
Algoma commissions two new tankers for Irving Oil, enhancing deliveries to Canadian and U.S. East Coast ports.
CMA CGM Registers First Indian-Flagged Vessel
CMA CGM registers its first Indian-flagged ship, boosting India-Gulf-Red Sea trade connections.
Iran Port Blast Kills 40, Linked to Chemical Storage
Explosion at Iran’s Shahid Rajaee port kills 40, blamed on improper chemical storage in containers.
CMA CGM Expands in Turkey with $440M Deal
CEVA Logistics acquires Borusan Tedarik for $440M to boost CMA CGM’s growth in Turkey.
Pakistan Suspends Trade and Closes Borders with India
Pakistan suspends trade, closes borders and airspace after India sanctions over Kashmir attack.
Tariffs Disrupt Supply Chains Amid U.S.-China Tensions
Tariffs spark factory closures, order cancellations, and rerouting strategies as trade uncertainty rattles global logistics.
Trump Signals Tariff Cuts as China Opens Door to Negotiations
Trump hints at cutting China tariffs by up to 65% as both sides express readiness to talk.
Record Blank Sailings Amid US-China Trade Collapse
US-China trade war triggers record blank sailings, crippling global shipping and threatening smaller carriers.
USTR Proposes Tariffs on Chinese Ships to Boost U.S. Shipbuilding
USTR targets Chinese shipping with phased fees and LNG export restrictions to revive U.S. shipbuilding.
New Russian Shipping Line Targets West Africa
Former FESCO chairman launches A7 African Cargo Lines, connecting Russia to West African ports including Lagos and Senegal with chartered vessels.
U.S. Hits China Imports with Tariffs Up to 245% Amid Escalating Trade Tensions
U.S. imposes steep tariffs on China; Beijing retaliates, warns it's not afraid of trade war.
Trump’s Tariffs Shake Global Trade Forecasts, WTO Warns of Historic Decline
Trump’s tariff war prompts WTO to forecast rare global trade decline, spurring recession fears worldwide.
Tariff Shockwave Triggers Plunge in U.S. Container Imports
Tariff fears caused U.S. import bookings to collapse 64% amid trade uncertainty and retaliations.
Hudong Zhonghua Delivers Record Dual-Fuel Boxship to CMA CGM
CSSC delivers 24,000 TEU LNG-powered boxship to CMA CGM, cutting emissions and boosting capacity.
U.S. Reinstates Tariffs on Mexican Tomatoes, Ending 2019 Trade Deal
Starting July 14, U.S. will impose 21% tariffs on Mexican tomatoes, ending duty-free trade agreement.
Trump Temporarily Suspends Tariffs on Electronics and Tech Imports
Trump exempts electronics from tariffs, but future semiconductor-focused duties may soon impact imports.
Early Peak Season Begins Amid Tariff Turmoil
Early peak season starts as shippers rush imports, reacting to tariffs and a volatile trade landscape.
Sinolines Launches Direct Asia–Mexico Service
Sinolines starts new Asia–Mexico service via Busan and Manzanillo to streamline trade and reduce costs.
Trump's Tariff Pause Brings Temporary Relief
Trump’s 90-day tariff pause eases pressure, but global trade still faces steep 10-125% U.S. import tariffs.
Saudi Ports See Surge in March Container Exports
Saudi container handling rose 13.6% in March 2025, with exports jumping 31.82% year-on-year.
Tariffs Trigger Temporary Spike in Container Rates
U.S. tariffs cause a short-lived spike in container rates; long-term demand drop and global trade instability expected soon.
Fire Hits German Boxship off Dutch Coast
Engine room fire on German boxship Victoria L near Dutch coast; no injuries, blaze now contained.
U.S. Backs Off Full Port Fees for China
Proposed U.S. port fees for Chinese ships scaled back after industry pushback over cost and disruption concerns.
U.S. Opposes IMO Carbon Tax on Shipping
U.S. warns IMO carbon tax may spark inflation, threatens retaliation against supporting nations, favors alternative solutions.
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Hateco and APM Launch Advanced Haiphong Terminal
New Haiphong terminal boosts Vietnam’s trade with modern tech, deep-water berths, and global shipping connectivity.
Liners Brace for Impact as Trump Escalates Tariff War
Trump’s tariff threats spark Asian shipment cancellations, risking global container trade and spurring stagflation fears.
US Container Bookings Plunge 67% After Trump Tariffs
Trump’s new tariffs trigger 67% drop in US-bound container bookings, prompting carriers to suspend services.
IMO Carbon Tax on Shipping Sparks U.S. Consumer Cost Concerns
Proposed global carbon tax on ships may raise freight rates, impacting U.S. consumer goods prices.
ZIM Invests $2.3B in 10 LNG-Powered Boxships
ZIM charters 10 LNG dual-fuel ships for 2027–28, boosting eco-fleet and commercial flexibility.
Trump’s Tariffs Shake Global Shipping
Trump’s sweeping tariffs stall global shipping, hit container sector hardest, and threaten trade and investments.
Port of LA Braces for 10% Container Drop
Tariffs, high prices, and frontloading expected to cut LA port container volumes by 10% in H2 2025.
Trump Tariffs Trigger Global Trade Tensions
Trump imposes steep tariffs; China, EU vow retaliation, raising fears of inflation, economic slowdown, and disrupted global trade.
Stena Unveils Futuro RoRo Concept with 20% Energy Savings
Stena's Futuro RoRo ship aims to cut energy use 20% via hybrid tech, sails, and aerodynamic design.
APM Terminals Buys Panama Canal Railway
APM Terminals acquires PCRC, boosting intermodal services amid geopolitical tensions over Panama Canal control.
CMA CGM Sues Houston Bunker Supplier for $5M
CMA CGM is suing GCC Supply and Trading for $5M, alleging contaminated fuel in 2023 damaged 13 vessels, causing engine failures.
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Boxship-Bulker Collision Near Ningbo Kills One Seafarer
A new Chinese feeder containership collided with a bulker near Ningbo, sinking the bulker and killing one.
Tariff Uncertainty Fuels Shipping Rush, Ocean Rates Steady
Shippers frontload cargo before potential tariffs, impacting ocean rates and driving demand despite falling trans-Pacific prices.
Genco May Exit U.S. Due to Chinese Ship Port Fees
Genco may exit the U.S. market or pass new Chinese ship port fees to charterers, impacting exports and shipping costs.
U.S. Port Fees on China-Built Ships Face Industry Pushback
Proposed U.S. port fees on China-built ships spark industry concerns over costs, trade impact, and exemptions.
Japan Launches Ice-Class Arctic Research Vessel Mirai II
Japan’s Mirai II, an ice-class research vessel, will study Arctic environmental changes, launching in 2026.
Ukraine’s Black Sea Ports Expand Despite Conflict
Ukraine’s Black Sea ports grow trade volumes amid war, with hopes for stability through ceasefire talks.
Yang Ming Orders Three Methanol-Ready Newbuilds from Japan
Yang Ming orders three 8,000 TEU methanol-ready ships from Shoei Kisen, arriving 2028-2029, worth $360M.
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China to Review CK Hutchison’s $22.8bn Ports Deal
China's antitrust regulator will assess CK Hutchison’s sale of an 80% stake in 43 ports to BlackRock and TiL, ensuring market fairness.
MPC Container Ships Sells Seven Vessels
MPCC offloads five ships to Contships Logistics and two to separate buyers, reducing its 2025 revenue guidance.
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Panama Canal Reserves Transit Slots for Low-Emission Vessels
Panama Canal reserves weekly transit slots for low-emission vessels, promoting sustainability and maritime decarbonization efforts.
Port of Savannah Sets Records in February
Savannah achieved record container, rail, and truck moves, while Brunswick saw a decline in ro-ro trade.
US Cargo Thefts Surge 60% in Two Years
TT Club reports rising full-load thefts, shifting regional patterns, and increased security measures.
US Trade Hearings on Chinese Ship Charges
USTR hearings debated $1.5M Chinese ship fees, inflation concerns, and US shipbuilding alternatives from Japan/Korea.
HMM Launches First Methanol-Fueled Containership
HMM’s HMM Green debuts, joining early adopters of methanol fuel, cutting emissions by up to 65%.
Port Authority Extends 33-Year Lease with APM Terminals
APM Terminals secures lease through 2062, investing $500M to expand capacity and achieve sustainability goals.
COSCO Reports Massive 2024 Profit Surge
Cosco's revenue soared 33%, net profit jumped 95%, driven by U.S. demand and Red Sea crisis, despite U.S. trade challenges.
CMA CGM Expands Green Methanol Collaboration in Shanghai
CMA CGM, SIPG, and Shanghai Electric partner to build a sustainable green methanol supply chain, advancing shipping’s decarbonization.
Container Lines Face Market Uncertainty as Pacific Rates Slide
Spot rates drop as contract renewals near, with carriers adjusting capacity amid geopolitical and market uncertainties.
DP World Begins £1bn London Gateway Expansion in May
DP World starts a four-year expansion, adding berths and rail capacity to make London Gateway the UK's largest port.
Seven Asian Shipping Lines Launch China-Mexico Service
Seven Asian carriers launch a China-Mexico route, boosting trade and meeting rising logistics demand.
Ukraine Ceasefire Talks to Focus on Black Sea Shipping
Upcoming Ukraine ceasefire talks will focus on Black Sea navigation safety amid renewed Russian attacks on Odesa’s merchant vessels.
CMA CGM Seeks to Acquire Air Belgium’s Cargo Business
CMA CGM has bid to take over Air Belgium’s cargo operations, aiming to expand its air freight capacity and retain the brand.
Port of Los Angeles Reports Strong February Volumes
The Port of Los Angeles saw a 2.5% cargo increase in February, but potential tariff concerns may impact volumes later in 2025.
U.S. Tariffs on Chinese Ships Could Backfire
U.S. tariffs on Chinese ships may raise costs, disrupt supply chains, and hurt exporters and consumers.
BTL Expands Mediterranean Network with New Trade Route
Bengal Tiger Line launches Turkey–Red Sea–West India service, expanding Mediterranean network with Arkas and Turkon.
OOCL Completes First Cross-Platform eBL Transaction
OOCL’s interoperable eBL solution enables secure cross-platform transactions, boosting adoption towards 100% by 2030.
Canada Ports Face Container Delays from Weather and Rail Issues
Halifax and Vancouver face significant container delays due to harsh weather and rail issues, disrupting North American logistics.
Pirates Board Tanker off Central African Coast, Shots Fired
Pirates boarded the BITU River tanker near São Tomé; no injuries reported, vessel resumed voyage to Libreville.
Box Charter to Freight Rate Ratio Hits Record 289%
Charter rates remain high despite falling freight rates, with boxship utilisation dropping below 90% on major routes.
Wan Hai Lines Posts Record Revenue and Profit in 2024
Wan Hai Lines' revenue rose to $4.9B in 2024, driven by Red Sea diversions and higher shipping rates.
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DP World and Maersk Expand Services at Port of Santos
DP World and Maersk signed an eight-year deal to expand services at Santos, boosting capacity to 2.1M TEU by 2027.
Evergreen's Profits Surge amid Higher Rates and Longer Routes
Evergreen's $12.7B revenue surge driven by Red Sea diversions, higher rates, and six new 24,000-TEU LNG ships.
MSC Expands Global Port Presence with Hutchison Deal
MSC's $22.8B Hutchison deal boosts terminal portfolio, increasing market share and supporting larger container ship infrastructure.
One in Five Shipping Firms Hit by Cyber Attacks in 2024
20% of shipping firms faced cyber attacks; ransom costs fell from $3.2M to under $100K, malware remains a threat.
OOCL Reports $2.58B Profit in 2024, Revenue Up 28%
OOCL’s profit rose 88% to $2.58B, driven by higher rates, new vessels, and strategic partnerships.
Zim Reports $2.15B Profit in 2024, Revenue Up 63%
Zim's revenue rose 63% to $8.43B, driven by higher volumes and rates, reversing a $2.69B loss in 2023.
DP World Posts Record Revenue but Lower Profit in 2024
DP World's revenue rose 9.7% to $20B, but profit fell 2% due to higher finance costs and supply chain issues.
Container Freight Rates Drop Over 50% Since July
Container rates have fallen 50-70% since July due to oversupply, geopolitical shifts, and tariff uncertainty.
Stena Tanker Hit by Unmanned Solong, Explosion Causes Fatality
Solong collided with Stena Immaculate, causing explosions, fire, and one fatality; captain arrested.
Captain Arrested After North Sea Collision and Fuel Spill
Solong captain arrested after collision with Stena Immaculate caused fire, one missing, and fuel leak.
US Tariffs and Lull in Demand Weigh on Ocean Container Rates
US tariff changes disrupt logistics, causing container rate declines and uncertainty in shipping.
Gemini Services Enhance Reliability, Sustainability, and Efficiency
Gemini services improve reliability, sustainability, and vessel efficiency without blank sailings, enhancing customer trust.
Houthis Resume Attacks on Israeli Vessels in Red Sea
Houthis will target Israeli vessels in the Red Sea until Gaza aid crossings reopen for food and medicine.
Rise in Singapore Strait Robberies
23 of 26 Southeast Asia robberies in 2025 occurred near Singapore Strait, raising concerns.
Hapag-Lloyd Expands Ship Capacity Through Jumboisation
Hapag-Lloyd upgrading seven ships in China, boosting capacity from 9,324 to 10,200 TEU.
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Triton Acquires Global Container International for $1B+
Triton to acquire GCI for $1B+, adding 500,000 TEU to its 7M-container fleet by mid-2025.
Solong Master Arrested After Fatal North Sea Collision
Solong’s captain arrested for gross negligence manslaughter after collision with Stena Immaculate.
Seafarer Missing After Solong and Stena Tanker Collision
Fiery collision between Solong and Stena Immaculate leaves one seafarer missing; search ended.
Two Bulkers Collide in Yangtze Estuary; No Injuries Reported
Cape Legacy and Feida 138 collided in Yangtze estuary; Cape Legacy sustained hull damage, no injuries.
Hapag-Lloyd Buys 60% Stake in Le Havre Terminal
Hapag-Lloyd's Hanseatic Global Terminals acquired 60% of CNMP in Le Havre to expand its terminal portfolio.
Houthi Threatens Red Sea Shipping Attacks Over Gaza Aid
Houthi warns of renewed Red Sea attacks unless Israel restores Gaza aid within
four days.
US Shipping Firms Warn of Bankruptcy Over China Vessel Fees
Proposed USTR fees on China-built vessels may force small and mid-sized US shipping firms to close.
CMA CGM Overtakes Maersk in Liner Rankings
CMA CGM surpasses Maersk as the second-largest liner, driven by aggressive ship acquisitions and orders.
Trans-Pacific Container Rates Drop as Tariff Window Closes
Container rates fall due to seasonal slump, frontloading end, and tariff concerns impacting demand.
CMA CGM Launches SEAS 3 Service Connecting Asia to South America
CMA CGM introduces SEAS 3 service, linking Asia to South America's East Coast with Maersk partnership.
Trump Weighs Easing Sanctions on Russia
White House considers lifting restrictions on Russian entities amid strained U.S.-Ukraine relations.
Trump Plans Tax Breaks, Investments for Shipbuilding
The U.S. plans shipbuilding tax breaks, port fees on Chinese vessels, and maritime security investments.
MSC Acquires Hutchison’s Panama Ports Amid U.S.-China Tensions
BlackRock, MSC acquire Hutchison’s non-China port assets, including Panama, amid escalating U.S.-China tensions.
Railroads report over $100 million freight theft losses.
Railroads urge federal action as 2024 cargo theft surpasses $100 million, with rising organized crime involvement.
MSC Levante F hit by Russian missiles, escapes damage.
MSC Levante F sustained minor damage from Russian missiles in Odessa but remained seaworthy and safely departed.
CMA CGM Orders First Electric Containership
CMA CGM's 182 teu electric boxship, launching in Vietnam by 2026, supports zero-emission shipping for Nike.
Alibaba and Maersk Partner to Simplify Global Shipping
Alibaba integrates Maersk’s shipping services, enhancing efficiency, reducing costs, and simplifying logistics for global SMEs.
Smart Container Alliance Launched to Boost Trade Security
Smart Container Alliance launched to enhance trade security, combat illicit trade, and promote smart container technology.
Freight Rates Drop; Red Sea Return May Shift Market
Freight rates fall as capacity rises; Red Sea crisis resolution may further reduce rates, benefiting shippers.
FIT Invests $25M in Expansion & Tech Advancements
Florida International Terminal extends concession, invests in technology and equipment to enhance operational efficiency.
Panama Declares Hutchison's Port Contract Unconstitutional
Panama's Attorney General challenges Hutchison's port contract, citing constitutional issues amid geopolitical disputes.
Costamare Spins Off Dry Bulk Business into New Public Company
Costamare separates dry bulk operations, forming Costamare Bulkers Holdings for enhanced investment and strategic focus.
Port of Baltimore Recovers Strongly After Bridge Collapse
Port handled 45.9 million tons in 2024, aided by double-stack rail service and strategic recovery.
MSC Shifts Megamaxes from Asia-North Europe Trade
MSC redeploys megamax vessels to Asia-Med and Asia-West Africa routes amid falling freight rates.
Eastern Pacific Secures Financing for LNG-Fueled Boxships
EPS partners with SPDB for two neopanamax vessels, enhancing green, energy-efficient fleet expansion.
US Shippers Concerned Over Chinese Vessel Charges
Proposed US charges on Chinese-built vessels may raise import costs, impacting shippers and consumers.
ILA Approves Historic Contract with 62% Raise and Limited Automation
ILA ratifies 6-year contract with 62% raise, job protections, and limited automation at East, Gulf ports.
InterManager Urges IMO to Bill Shipowners for Carbon Costs
InterManager advocates for shipowners, not third-party managers, to bear carbon costs, citing limited control over emissions decisions.
Panama Canal Approves Reservoir Project to Combat Drought
Panama Canal approves $1.2 billion reservoir to combat drought, enhance water supply, and stabilize shipping disruptions.
Trump’s Fees on Chinese Ships May Disrupt US-Mexico Trade
Proposed fees on Chinese vessels could increase congestion at Mexican ports, impacting cross-border logistics.
US Fees on China Vessels Threaten Supply Chain Stability
Proposed US port fees on Chinese vessels may raise costs, disrupt supply chains, divert shipments, and slow economic growth.
Bulker Released After 15-Month Cocaine Probe in India
Vietnamese-owned bulker Debi freed after cocaine find, port fee dispute, and prolonged crew detention in India.
EU Warns of Rising Pirate Threat Near Somalia
Recent dhow hijackings signal evolving piracy risks in Somali waters, despite international security patrols.
Hamburg Port Throughput Drops 2.1% in 2024
Hamburg's throughput dropped due to lower bulk volumes despite rising container throughput and economic challenges.
US Imposes Hefty Port Fees on Chinese Ships
US proposes up to $1.5 million per port call for Chinese-built ships, impacting global trade costs
MSC Orders Up to Eight Megamax LNG Containerships
MSC orders four 21,700 TEU LNG dual-fuel megamaxes from Changhong International, with options for four more.
Tariff Fears Boost Port of Long Beach to Record Start
January container volume surged 41.4% as importers frontloaded goods to avoid upcoming tariffs.
Container Freight Rates Drop Amid Market Shifts
Spot container rates fell 10% in a week due to geopolitical changes, capacity increases, and newbuild deliveries.
Port of Rotterdam Seeks Support Amid Volume Decline
Port of Rotterdam urges regulatory support for competitiveness and decarbonization as 2024 volumes drop.
ILA's $35 Billion Contract Awaits Member Approval
ILA's historic six-year contract with 62% pay raise awaits member ratification, seen as a key hurdle
Investigations into Damage to Tankers in Russian Oil Trade
Authorities probe potential targeting of tankers linked to Russian oil trade after multiple incidents in Mediterranean.