Container Shipping News

 

Container Shipping Rates Plunge in Step with U.S. Demand for China Goods

Jun 27, 2025

Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed President Donald Trump slapping 145% tariffs on China.Trump quickly reversed course by lowering the rate to 30%. That cost increase on goods from the nation's No. 1 ocean trading partner remains significant, especially at a time when U…

Red Sea Bypass Contributed to Containers Lost in 2024

Jun 30, 2025

The World Shipping Council (WSC) has released its annual Containers Lost at Sea report, showing that 576 containers were lost at sea in 2024.While this represents an increase from the record-low 221 containers lost in 2023, it remains well below the 10-year average of 1…

BIMCO: Stable Demand Outlook For Container Shipping

Jun 25, 2025

BIMCO forecasts a stable demand outlook for the container shipping sector, aligned with previous reports, despite recent uncertainties in US trade policies. 'We expect the supply/demand balance to weaken only slightly in 2025 and 2026, as our…

US Container Imports Decline in May as China Tariffs bite

Jun 09, 2025

U.S. seaborne imports of goods from China dropped 28.5% year-over-year in May, the sharpest decline since the pandemic, as President Donald Trump's 145% tariffs took hold, supply chain technology provider Descartes said on Monday.China is the top U…

Mexican Port Acquires Two Large Quay Cranes

May 20, 2025

Contecon Manzanillo (CMSA), ICTSI’s Mexican business unit and operator of the Second Specialized Container Terminal at the Port of Manzanillo, has acquired two quay cranes and four hybrid rubber tired gantry (RTG) cranes.At 60 meters high, the quay cranes are the largest in the Americas…

AAPA Pushes Back on Chinese Crane Tariff Plan

May 19, 2025

In response to a proposed additional 100% tariff on Chinese manufactured ship-to-shore (STS) by the Office of the United States Trade Representative (USTR) and the Trump Administration, the American Association of Port Authorities (AAPA) continues to fiercely advocate against it…

Phase 1 of Gdynia Quay Upgrade Complete

May 13, 2025

International Container Terminal Services, Inc.’s (ICTSI) Baltic Container Terminal (BCT), Gdynia, acting in coordination with the Port of Gdynia Authority, has completed Phase 1 of a two-phase major upgrade of its Helskie Quay.The project, implemented over 400 meters of quay line…

Maersk Reports First Quarter Drop in Revenue Growth

May 11, 2025

For the first quarter of 2025 A.P. Moller - Maersk A/S (Maersk) reports revenue growth of 7.8% to $13.3 billion with EBIT increasing to $1.3 billion from $177 million a year ago.The company states that these results, while sequentially down as expected…

Container Shipping Companies Cut Asia-US Services

May 11, 2025

Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump's punishing tariffs on the world's top exporting country collapse trade, maritime consultants said…

Swire Shipping Bans Carriage of Donkey Skins

May 07, 2025

On World Donkey Day (May 8), international animal welfare charity, The Donkey Sanctuary, acknowledges Swire Shipping as the first global shipping line to commit publicly to a ‘No Donkey Skins Carriage policy’.In February last year, African Heads…

CMA CGM to Acquire Turkish Borusan's Logistics Subsidiary

Apr 27, 2025

French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to a filing by the Turkish company…

US Importers Hit the Brakes

Apr 09, 2025

So many U.S. companies rushed in goods to avoid President Donald Trump's threatened tariffs that imports soared to near-record levels in recent weeks. Now, retailers and other importers are hitting the brakes, awaiting clarity on where the new duties will land…

CMA CGM to Use AI to Boost Productivity

Apr 06, 2025

Shipping giant CMA CGM and tech startup Mistral AI expect rapid productivity gains from a 100 million euro ($110 million) partnership unveiled on Sunday, which the French firms also touted as a commitment to their home country amid the global trade tensions…

Trump's Tariffs Risk of Shipping Chaos

Apr 02, 2025

U.S. President Donald Trump's new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout.The Trump administration on Wednesday is set…

CMA CGM Group Announces $20 Billion Investment in U.S.

Mar 06, 2025

CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U…

Logistics News

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Consilium Safety Group Appoints New Chairman of the Board

Consilium Safety Group Appoints New Chairman of the Board

AAL Shipping Unveils Sixth Heavy Lift Super B-Class Vessel

AAL Shipping Unveils Sixth Heavy Lift Super B-Class Vessel

MDL Leases Land for Peterhead Offshore Project Support Site

MDL Leases Land for Peterhead Offshore Project Support Site

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