Todays Featured News
Trump Proposes Major Tariffs on Copper and Pharmaceuticals
Trump plans 50% copper, 200% pharma import tariffs to boost U.S. manufacturing and production.
Piracy Surges in Singapore Strait, Hits Five-Year High
Global piracy incidents rose 50% in early 2025, driven by Singapore Strait attacks where 95% of boardings succeeded.
Deadly Houthi Attacks Spike War Risk, Disrupt Red Sea Shipping
Houthi assaults sink two vessels, raise insurance costs, and delay Red Sea route recovery further.
Red Sea Avoidance Pays Off for Container Lines Amid Attacks
Shipping giants wisely maintained Cape route; renewed Houthi Red Sea attacks confirm long-term caution was justified.
Trump Targets 14 Nations with New Tariffs
Trump imposes 25–40% tariffs on 14 nations, warns of retaliation; enforcement postponed to August.
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Nigeria Launches First Indigenous Container Shipping Line
Clarion Shipping debuts Nigeria’s first local container liner, boosting regional trade with Ocean Dragon.
Red Sea Crisis Resurfaces with Houthi Drone Attack on Bulk Carrier
Houthi drone strike forces crew to abandon Greek-owned ship Magic Seas, reigniting Red Sea shipping fears.
Panama Canal Plans Ports, Pipeline, and Sustainability Push
Panama unveils port expansion, gas pipeline, and sustainability projects to boost canal logistics services.
Iran Moves Toward Hormuz Closure
Iran’s Parliament approved closing the Strait of Hormuz; final decision pending, risking global oil disruption and major impact on Asia.
Houthis Declare Blockade on Haifa Port
Houthis announce blockade on Israel’s Haifa Port, threatening Israeli-linked vessels and escalating Red Sea tensions.
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Maersk Halts Haifa Calls Amid Israel-Iran Conflict
Maersk suspends Haifa port calls due to Israel-Iran conflict, prioritizing crew safety and offering alternatives.
Mexico’s Manzanillo Port Reopens After Strike
Manzanillo Port reopens after four-day customs strike, with $150M revenue loss and major shipment backlogs.
Tanker Rates Soar Amid Iran-US Tensions
Tanker rates surge 50% as Iran threatens Hormuz closure; container lines maintain cautious operations.
Legal Action Follows Kerala Maritime Disasters
India files criminal charges over Wan Hai 503 fire and MSC Elsa 3 sinking; court detains sister ships.
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X-Press Feeders and COSCO Forge Strategic Alliance
X-Press Feeders and COSCO partner to expand feeder services and lease vessels for global network growth.
GPS Jamming Rises Amid Israel-Iran Tensions
Israel-Iran conflict triggers GPS jamming, raises freight rates, and heightens maritime risks near the Persian Gulf.
Iran threatens to close Strait of Hormuz, amid war tensions
Iran has threatened to close the Strait of Hormuz, a vital sea lane, amid escalating regional conflicts.
Northern Europe ports face worst congestion since pandemic
Northern Europe ports face ongoing summer delays from strikes, rail closures, and growing container congestion.
MSC Ship Arrested Amid Fires and Environmental Threats
Three ship incidents hit Kerala coast; MSC vessel arrested, fires continue offshore, raising environmental, legal, and safety concerns.
Trans-Pacific Container Rates Double Amid Early Peak Season
Container rates from Asia to the U.S. surged as shippers frontload ahead of tariffs, triggering early peak season.
Korean Bulker Rescues Crew from Sinking Ship in Indian Ocean
Maple Harbour rescued 23 crew from sinking Chinese cargo ship Run Fu 3, 500 nm south of Maldives.
Explosion on Wan Hai 503 Leaves Four Missing Off India’s Coast
Explosion aboard Wan Hai 503 off Kerala, India leaves four crew missing, vessel burning, 20 containers lost at sea.
Transpacific Freight Surge Boosts Profits Amid Tariff Pause
Transpacific rates soar 117% amid tariff pause, boosting profits. Experts warn of port congestion and second-half rate decline.
Crisis at Mexico’s Port of Manzanillo Disrupts Supply Chain
Post-strike delays at Mexico’s largest port cause severe container backlogs; carriers face bankruptcy as wait times exceed 72 hours.
Red Sea Traffic Rises, But Carriers Still Avoid Amid Security Concerns
Suez Canal traffic grows slowly; carriers remain cautious despite discounts and no 2025 Houthi attacks.
UPS Surcharge Updates Add Complexity and Cost for Shippers
UPS hikes surcharges on fuel and bulky packages; strategic packaging and inventory can reduce shipper impact.
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Maersk Takes Delivery of 12th Methanol Ship
Maersk receives its 12th dual-fuel methanol vessel, advancing its fleet modernization and green fuel transition strategy.
Singapore, France Launch Maritime Sustainability Projects
Singapore and France partner on maritime decarbonization, digitalization, and bio-methane bunkering trials with CMA CGM support.
Kongsberg Unveils CEMS for Emissions Compliance
Kongsberg launches CEMS for real-time emissions monitoring, ensuring compliance and improving fuel efficiency on vessels.
India Boosts Shipbuilding with Global Partners
India forms strategic shipbuilding partnerships with Norway and Japan, including work on its first polar research vessel.
Trump Doubles Tariff on Imported Steel to 50%
Trump raises steel import tariffs to 50% to protect U.S. jobs, supports Nippon Steel's partial acquisition of U.S. Steel.
Pirate Attack in Gulf of Guinea Injures, Abducts Crewmember
Pirates boarded a cargo ship near West Africa, injuring and abducting the second engineer amid rising regional attacks.
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Panama Defends Registry, Highlights Vessel Crackdown
Panama defends its ship registry, citing removal of 650+ vessels since 2019 to counter Iranian oil trade abuses.
South Africa Revives National Shipping Line Plans
South Africa is moving forward with plans to launch SASCO, a national shipping line featuring various vessel types under local flag.
Missile Strike Kills Three at Odessa Port
Russian missile strike kills three dock workers at HHLA Odessa terminal; operations continue despite tragedy.
Lidl’s Tailwind Launches Intra-Asia Shipping Route
Tailwind starts intra-Asia TEX service via Port Klang, boosting regional trade and shifting transshipment hub.
CMA CGM to Build $600M Terminal in Haiphong
CMA CGM, Saigon Newport to develop $600M Haiphong terminal, boosting Vietnam’s container capacity.
MSC Container Ship Sinks Off Kochi, Oil Spill Fears Rise
MSC Elsa 3 sank near Kochi with 640 containers; all 24 crew rescued; oil spill risk due to diesel, fuel oil, and hazardous cargo.
Port Congestion Worsens Amid Strikes, Tariffs, and Peak Season
Port congestion spreads from Europe to China and US, driven by strikes, tariffs, and rising trade volumes.
Tariffs Push Small US Importers to Breaking Point
US tariffs push small importers toward bankruptcy; few have changed sourcing despite rising costs and uncertainty.
Boxship Grounds Near Norwegian Home, Misses House by Meters
NCL Salten grounded near a Norwegian home; no injuries, minor damage, salvage underway.
MSC Enters Ukrainian Rail Logistics with Medlog Investment
Medlog acquires stakes in Ukrainian terminals, marking MSC’s first major post-war logistics investment.
Stord Acquires UPS's Ware2Go to Boost E-Commerce Fulfillment
Stord buys Ware2Go from UPS, gaining 21 warehouses to expand e-commerce logistics and tech reach.
Mexico-U.S. Logistics Shaped by Crime, Investment, Expansion
Cargo theft disrupts Mexico’s transport; major investments by Bulkmatic, Kingfa, and Amazon underway.
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.
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.
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.
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.