Global Trade News

 

Xeneta Warns Freight Rates May Continue to Plummet Despite New Trade Deals

Jul 29, 2025

Latest data from Xeneta, an ocean and air freight intelligence platform, shows average spot rates from China to the US West Coast are down 59% since June 1, 2025, at USD 2 268 per FEU (40ft container). Rates have also plummeted into the US East Coast, down 43% to USD 3 796 per FEU in the same period.Average spot rates from North Europe to US East Coast are USD 2 000 per FEU, down a gentler 5% since June 1…

Port of Oakland June Container Volume Declines Due to Global Uncertainties

Jul 17, 2025

Port of Oakland container volume declined in June as shippers and carriers adjust to softening demand and ongoing tariff uncertainty. The Port handled 168,460 TEUs (twenty-foot containers), down 10.1% from May, and 12.8% from June 2024, when 193…

Vietnam Cracks Down on Illegal Transshipments After Striking Trade Deal With US

Jul 10, 2025

Vietnam is preparing stricter penalties to crack down on trade fraud and the illegal transshipment of goods, and has focused its inspections on Chinese products as it tries to comply with commitments made to Washington, documents seen by Reuters show…

Tariffs, Sanctions and Shipping Risks: The New Supply Chain Reality

Jul 08, 2025

New US tariffs are prompting companies to reduce their reliance on China as a source of imports, but the implications for supply chains go much further. From the rise in dark shipping to the escalation in sanctions to countries including Iran and Venezuela…

US Goods Trade Deficit Increased in May, Exports Declined

Jun 26, 2025

The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.The goods trade gap widened 11.1% to $96…

Unresolved Issues Plague Vietnam-US Trade Talks

Jun 15, 2025

Vietnam and the United States made progress during a third round of trade negotiations last week, but critical issues remain unresolved, requiring further analysis and continued dialogue, Vietnam's trade ministry said on Sunday.The talks, in Washington…

Orders For US-Manufactured Goods Drop In Light of Tariff Uncertainty

May 27, 2025

New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter…

Mexico Expands Its Largest Port in Bet on Economic Growth and Global Trade

Apr 25, 2025

A massive expansion of Mexico's largest seaport is under way as Mexican authorities bet on positive economic growth and the strength of global trade despite the gloomy outlook sparked by U.S. President Donald Trump's trade wars.The Mexican government…

EU-Chile Interim Trade Agreement Enters into Force

Feb 02, 2025

The EU-Chile Interim Trade Agreement (ITA) has entered into force, following the completion of Chile's ratification process. The ITA, which was signed in December 2023, is of key geopolitical importance, says the EU.It will boost the competitiveness of businesses on both sides…

Danish Companies Voice Concern Over Trump Tariff Threats

Jan 16, 2025

Danish businesses are concerned about a possible trade conflict with the United States over Greenland, a major lobby group said on Thursday after business leaders, including CEO of obesity drugmaker Novo Nordisk, met with the government.Denmark's…

WTO Barometer Shows Moderate Trade Growth as Policy Uncertainty Looms

Dec 09, 2024

Global goods trade continued to expand at a moderate pace in the fourth quarter of 2024 according to the latest World Trade Organization (WTO) Goods Trade Barometer. However, prospects for trade in 2025 are uncertain.The Goods Trade Barometer is a composite indicator for world trade…

Argentina to Privatize Paraguay-Parana Waterway

Nov 19, 2024

The Argentine government will call for a national and international public tender to privatize its stretch of the Paraguay-Parana waterway through a 30-year concession, cabinet chief Guillermo Francos said on Tuesday.The waterway, a natural…

Hong Kong Maritime Week Summit Highlights Threats to Free Trade

Nov 18, 2024

The International Chamber of Shipping (ICS), the Transport and Logistics Bureau of the Government of Hong Kong, the Hong Kong Shipowners Association and the Hong Kong Maritime and Port Board, convened for a trade summit on November 18.The Hong…

LNG Tankers Divert to Europe After Russia Halts Austrian Supplies

Nov 18, 2024

At least five cargoes of LNG have diverted from Asia to Europe in the past few days, drawn by higher gas prices on the continent after Russia's Gazprom halted supplies to Austria's OMV, data from analytics firm Kpler showed.On Saturday Gazprom…

U.S. Port Strike Settled— What happens next?

Oct 04, 2024

The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) announced in an historic development for U.S. maritime industry that they had reached a tentative agreement which officially ends the longshoremen…

Logistics News

British Port Association Responds to the Government's Annual Port Trade Statistics

British Port Association Responds to the Government's Annual Port Trade Statistics

Portugal to Invest $4.6b in Port Upgrades by 2035

Portugal to Invest $4.6b in Port Upgrades by 2035

London P&I Club Warns of Incorrect Loading of Flexible Intermediate Bulk Containers

London P&I Club Warns of Incorrect Loading of Flexible Intermediate Bulk Containers

Georgia Ports Container Trade Up 8.6% in FY 2025

Georgia Ports Container Trade Up 8.6% in FY 2025

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