New Services and Reinstated Blanked Sailings Boost Transpacific Capacity
The Gemini Cooperation has introduced an additional transpacific service as a rush of demand and rising rates tempt carriers to bolster east-west capacity.
Container Rates Up Another Two Percent
Drewry’s World Container Index (WCI) increased another two percent for the week of May 19 to 23 and is now US$2,276 per 40-ft container.
Air Cargo Market awaits impact of tariffs and de minimis changes
Global air cargo volumes grew +4% year-on-year in April but with today’s removal of the de minimis threshold for shipments from China into the United States expected to dramatically disrupt e-commerce volumes in the coming weeks and massive uncertainty hanging over the macroeconomic outlook, the question for the air cargo market in 2025 has become […]
U.S. House of Representatives passes bill to monitor China’s influence over global ports
The U.S. House of Representatives has passed a bill that will require the Secretary of Defense and the Secretary of State to monitor efforts by the People’s Republic of China to build or buy strategic foreign ports, and for other purposes.
Carriers Roll Out Rate Increases amid U.S.-China Tariff Pause
After the U.S. and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting an early peak season on the transpacific eastbound trade, and have announced surcharges of $1,000 to $2,000 per 40ft, said container shipping consultancy Linerlytica.
Tariff Two-Step: After Pause, China-U.S. Container Bookings Soar 277%
And just like that, the United States is back in the China import business.
Houthis’ Fight with Israel Could Mean Continued Risks for Shipping
Yemen’s Houthi rebels have begun to clarify their version of the Red Sea truce agreement announced by the White House, and it appears that international shipping may still face risks on the waterway.
Hapag-Lloyd Won’t Take Bookings if Port Congestion Leaves Cargo Stranded
A “cautious” Hapag-Lloyd has warned it will not accept bookings if port congestion leaves cargo “stranded” at transshipment hubs, leaving Canadian forwarders struggling to secure space to the Middle East.
Shipping Halted in Antwerp as Unions Renew Strikes Against Government
National authorities and the Port of Antwerp-Bruges began preparations on Monday afternoon, April 28, to bring port traffic to an orderly stop due to a strike by workers against the government. They said 25 ships were waiting to depart with another 31 waiting to enter, but expected that all traffic would be halted. The strike […]
Air Cargo Market Awaits Impact of Tariffs and De Minimis Changes
Over the past 10 years, U.S. consumers have paid no duty on shipments valued at $800 or less, causing the volume of cross-border packages into the U.S. to soar to some 1.35 billion annually. As of May 2, however, low-value products sourced from China and Hong Kong into the U.S. will be subject to 145% […]
