MARIE MAERSK RESUMES VOYAGE WITH NO VISIBLE DAMAGE FROM CONTAINER FIRE The company released two pictures taken on Friday, August 22, when a supply vessel reached the scene with additional firefighting equipment. There is no visible fire damage to any of the boxes aboard what appears to be a heavily laden vessel. The ship has …
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SOUTH KOREA GOES BIG IN GEORGIA: $287M FUND FUELS GLOBAL SUPPLY CHAIN PLAY Korea Ocean Business Corp. (KOBC) recently completed the purchase of a $120 million logistics center in Dalton, Georgia, according to a news release. The South Korean state-backed maritime financial firm has created a public-private fund — known as the Global Logistics Supply …
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RELIEF FOR SHIPPING AS US – CHINA TARIFF TRUCE EXTENDED FOR 90 DAYS The US and China have agreed a further 90-day pause on higher tariffs between the two global economic giants. Levels had been set to surge at 12:01 am on 12 August with US tariffs on Chinese goods set to surge to 54% …
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SANCTIONS IMPACT EXPANDS FROM TANKERS TO CONTAINERSHIPS The recent efforts by the European Union and the UK to target more tankers linked to Russia’s oil trade and the United States’ large sanctions action this week against an Iranian trading network are beginning to impact across the shipping industry. As the efforts are now reaching beyond …
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CMA CGM REFLAGS SHIP TO BECOME LARGEST U.S.-FLAGGED CONTAINERSHIP CMA CGM is moving forward with its commitment to triple the size of its U.S.-flagged fleet as part of a $20 billion investment into its U.S. ship and logistics operations. Today, July 24, the company officially reflagged the first of four vessels it plans to move …
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JUNE REBOUND AS WEST COAST CONTAINERS BEST EAST, GULF PORTS In June 2025, U.S. container import volumes experienced a modest rebound, marking a stabilization after May’s sharp decline. The shift in port dynamics was noticeable, with top West Coast ports regaining momentum. Los Angeles experienced a 29.1% increase in volume, adding 103,884 TEUs, while Long …
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TRUMP’S TARIFF’S PROMPT EARLY SHIFTS IN SUPPLY CHAINS Trade data shows that China reacted to the threat of tariffs even before 2 April with supply chains experiencing change in Q1 this year ahead of ‘Liberation Day’. Container trades are undergoing a major overhaul as Washington’s tariff regime reshapes the trading landscape and that in turn …
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NIGERIA STARTS FIRST DOMESTIC CONTAINER SHIPPING LINE Clarion Shipping West Africa is starting what it calls “Nigeria’s first fully indigenous container liner,” as it looks to build regional trade and improve service versus the transshipment options of the major carriers. The company celebrated the launch of the service at Tin Can Island Port in Lagos …
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MAERSK UNVEILS NEW AI PLATFORM TO SIMPLIFY CUSTOMS TASKS Shipping giant Maersk has rolled out Maersk Trade & Tariff Studio, a digital solution designed to empower global cargo owners and bring clarity to complex customs processes. The platform, backed by artificial intelligence, arrives as businesses grapple with rising tariffs, heightened regulatory scrutiny, and frequent disruptions …
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AFTER U.S. ATTACK ON IRAN, SHIPPING CONTINUES TO USE STRAIT OF HORMUZ While shipping watches closely for Iran to make a decision on a full-scale closure of the Strait of Hormuz, shipping associations and government advisory agencies are urging caution for ships passing through areas within reach of Iran’s military capabilities – including the Red …
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