CMA CGM TO INVEST $20B IN US SHIPPING, SUPPLY CHAIN CAPABILITIES France-based container shipping and logistic giant CMA CGM Group on Thursday announced it will invest $20 billion over four years in its U.S.-flag fleet, port terminals, an air cargo airline based in Chicago and warehouses to align with President Donald Trump’s goal of increasing …
FREIGHTOS: OCEAN CONTAINER RATES FALLING BUT STILL ABOVE YEAR-AGO LEVELS Ocean container rates on trans-Pacific services to the United States are trending lower but remain elevated from year ago prices. Analyst Freightos (NASDAQ: CRGO) said Asia-U.S. West Coast rates fell 8% to $4,362 per forty-foot equivalent unit in its Baltic Index for the week ending …
US PORT FEES THE LATEST HEADWIND FOR CONTAINER SUPPLY CHAIN It’s a tumultuous time to be in the container supply chain, a business that lends itself not only to shopworn maritime cliches but also time-honored truths. But to say the industry faces significant headwinds may be an understatement. The latest shot across the bow came …
CONTAINER SPOT RATES SLIDE TO 2023 LOWS The container sector is heading into its normal post-Lunar New Year lull that typically lasts until April/May. The scale of the drops in spot rates is large, but the sector still remains one of the more profitable shipping sectors. The weekly Drewry World Container Index slumped 5% to …
US CONTAINER IMBALANCE WORSENS DESPITE TARIFFS Amid escalating tensions in an ongoing trade dispute, the anticipated conversation between US President Donald Trump and Chinese President Xi Jinping was scrapped yesterday and has yet to be rescheduled. A tariff tit-for-tat has got underway between the world’s two largest economies with the US putting a blanket 10% …
BEIJING RETALIATES AS TRUMP’S CHINA TARIFFS KICK IN Donald Trump’s fast-moving tariff tiffs with key trading partners continue to keep shipping executives on edge around the world. Similar to the threats he made to Colombia a week prior, the American president yesterday put planned tariffs against Mexico and Canada on hold for 30 days, saying …
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