Shipping News

 

CK Hutchison Deal Deadline Likely to be Extended

Jul 27, 2025

CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal, to a consortium led by BlackRock and Italian billionaire Gianluigi Aponte's family-run shipping company MSC…

Georgia Ports Container Trade Up 8.6% in FY 2025

10 hours ago

The Georgia Ports Authority moved 5.7 million twenty-foot equivalent container units in fiscal year 2025 (July 1, 2024-June 30, 2025), an increase of 8.6 percent or 450,000 TEUs compared to the previous fiscal year.  FY2025 was the Port of Savannah’s second busiest year on record…

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…

Indian Firm Ships Explosive Compound to Russia Despite US Threats of Sanctions

Jul 24, 2025

An Indian company shipped $1.4 million worth of an explosive compound with military uses to Russia in December, according to Indian customs data seen by Reuters, despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort…

First LPG Tanker Docks at New Texas Terminal

Jul 23, 2025

A liquefied petroleum gas tanker moored at the Enterprise Products Partners terminal along the Neches River in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa said the mooring signaled the commissioning of the plant…

Egypt's First Finished-Vehicle Logistics Terminal Opens for Business

Jul 23, 2025

The Suez Canal Automotive Terminal (SCAT), a joint venture among NYK, Africa Global Logistics (AGL) and Toyota Tsusho Corporation, has officially opened Egypt's first finished-vehicle logistics terminal.With an anticipated increase in finished…

New BIMCO Clause Addresses USTR Actions

Jul 22, 2025

The Documentary Committee of BIMCO adopted a standard clause aimed at addressing contractual uncertainties that may arise from the United States Trade Representative’s (USTR) Notice of Actions to impose fees on Chinese-related ships calling US ports…

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Jul 18, 2025

Several Greek-managed tankers transporting Russian oil to Asia are increasingly avoiding the Red Sea, opting instead for the longer route around Africa, due to escalating security threats from Houthi attacks, three oil traders and LSEG shipping data show…

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Jul 18, 2025

Current global economic and geopolitical landscapes are shaped by several key uncertainties. Tensions between Israel and Iran, particularly regarding the Strait of Hormuz, pose risks to regional stability and energy supply routes. Similarly…

Los Angeles June Imports Rebound as Retailers Stock Up Ahead of Holiday Season

Jul 14, 2025

Imports to the busiest U.S. seaport in Los Angeles rebounded strongly in June as retailers moved to stock up on goods for the holiday shopping season amid fears of higher tariffs.The Port of Los Angeles handled 470,450 20-foot equivalent units (TEUs) of incoming cargo last month after the U…

Port of Green Bay Shares June Tonnage

Jul 14, 2025

The Port of Green Bay saw 137,725 tons of material and raw goods pass through the port during June, compared to 123,794 tons during the the month of May. Current year-to-date totals are down 47% compared to the same time frame last season.“While…

Houthi Leader: Shipping Goods Related to Israel Through the Region Isn't Permitted

Jul 10, 2025

Yemeni Houthi militia leader Abdul-Malik al-Houthi said on Thursday (July 10) that no company would be permitted to transport goods related to Israel through designated areas at sea.“It is not permissible for any company transporting goods for…

Joint Statement on Red Sea Attacks From ICS, BIMCO, European Shipowners, INTERCARGO, INTERTANKO

Jul 09, 2025

In recent days, two ships have now been attacked in the Red Sea. One has sunk and the other has suffered extensive damage. These vessels have been attacked with callous disregard for the lives of innocent civilian seafarers and as an inevitable but terrible consequence…

Maersk: Effective US Tariffs Average Around 21% Currently

Jul 02, 2025

Maersk estimates companies pay effective U.S. import tariffs of on average 21% relative to container load, the Danish shipping group said on Wednesday, less than half the rate before Washington paused its sweeping tariffs in April.Maersk said in a regular global market update that at its peak…

US Grain Shipments Surge 9% in face of Chinese Tariffs

Jul 02, 2025

“During the first half of 2025, US seaborne grain shipments increased 9% y/y, driven by stronger maize exports. While an increase in import tariffs led to a 57% y/y drop in volumes to China, the US has been able to find alternative markets for most of its cargoes…

Logistics News

Panama Auditor Files Suit to Scrap CK Hutchison-Controlled Port Contract

Panama Auditor Files Suit to Scrap CK Hutchison-Controlled Port Contract

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

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US eliminates tariff exemptions for low-value products
Fed policy decision generates most governor dissents since 1993
Sources say Safran chooses France for major investment over Canada and the US