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 …
CMA CGM TO MAINTAIN CAPE DIVERSIONS ON MAJORITY OF NETWORK Of the top tier container lines serving the Asia – Europe trade CMA CGM is the only carrier to have maintained some presence through the Red Sea and the Suez Canal over much of the last 14 months operating services on a case-by-case basis. Following …
OCEAN ALLIANCE PUBLISHES 2025 SCHEDULES The Ocean Alliance has unveiled its updated shipping network for 2025. The group – comprised of COSCO, OOCL, Evergreen and CMA CGM – has provided customers with details of Suez and non-Suez routes as the ongoing Red Sea shipping crisis sees most containerships steer clear of Houthi attacks in the …
US EAST COAST PORT TALKS SET TO RESUME Talks are set to resume tomorrow between employers and dockworker unions across the US east and Gulf coasts in a last-ditch bid to avert a strike pencilled in for January 15. Following a three-day strike last October, the International Longshoremen’s Association (ILA) reached an agreement with the …
load More
Input your search keywords and press Enter.
