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…
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…
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…
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…
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…
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…
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 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…
The global ocean shipping industry that handles 80% of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.That is the backdrop…
Viasea, a Norwegian-owned shipping line, will optimize its route in the south of the United Kingdom by moving its second stop to London Thamesport, and then sailing onwards to Rotterdam. The changes were made as part of Viasea’s ongoing commitment to improving operational efficiency and reliability…
U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative's office has proposed charging up to $1…
VesselBot has highlighted the significant financial exposure for major container shipping lines under the Office of the United States Trade Representative (USTR) proposed Section 301 service fees targeting China's maritime sector.USTR is proposing…
Capacity and its deployment dominate the outlook for shippers this year as they digest the impact of tariffs, the potential rebound in Red Sea traffic and the introduction of the new alliance Gemini, according to global consulting firm AlixPartners’ 2025 Container Shipping Outlook Report…
The input of incorrect container cargo weight data when developing the cargo loading plan led to shipping containers falling off the President Eisenhower container ship and others becoming damaged, the National Transportation Safety Board has found…
DP World delivered another standout year for trade, according to the company, recording its highest container and breakbulk cargo volumes at Jebel Ali Port since 2015.The port handled 15.5 million twenty-foot equivalent units (TEUs) in 2024…
