‘TikTok’ of rising ocean rates as China prospects improve
Ocean rates climb as a deal for social media’s TikTok heralded an upbeat outlook for China-U.S. trade relations.
Ocean rates climb as a deal for social media’s TikTok heralded an upbeat outlook for China-U.S. trade relations.
p44 dips its toes in strategic planning, financial forecasting, and shipment execution.
The former top U.S. maritime official backs U.S. initiatives to revitalize shipping and shipbuilding, but warns that careful planning is needed.
Container shipping profits plunged 56% in Q2 on tariffs and shifting trade policies; the forecast remains cautious.
Mexico is proposing a 50% tariff on Chinese imports while banning shoe and small-package shipments to align with U.S. trade pressures.
After tariff worries chased up import volumes in July, ocean freight rates have steadily fallen on frontloading, capacity issues.
Container rates on the closely-watched eastbound trans-Pacific fall to their lowest levels since before the Red Sea crisis erupted in 2023.
ZIM Integrated Shipping Services Ltd. saw earnings sag as President Trump’s trade war on China hit trans-Pacific container volumes.
Container rates on the eastbound trans-Pacific braked their slide after tariffs fueled record volumes.
July was a record month for the Port of Los Angeles, as monthly container volumes for the first time topped 1 million TEUs.
Two Chinese military ships collided in the South China Sea while harassing a Philippines coast guard vessel.
Imports of containerized cargo through U.S. ports finished just shy of a monthly record in July, headlined by a recovery of China shipments through the busiest American gateways.
The decline of ocean container rates on the critical Asia-U.S. route is unstoppable amid President Trump’s economic war on China and reset of global trade policy, says analyst Xeneta.
The recent storm of trade news failed to move the needle for trans-Pacific container rates.
Matson said earnings were weaker as trade and tariff volatility hit volumes on China routes.
Liner operator CMA CGM said it is interested in buying CK Huchison’s global marine terminals.
CMA CGM, the world’s third-largest ocean container carrier, said profits fell in the second quarter as trade disputes hit U.S. imports from China.
President Donald Trump said that he will not extend Friday’s deadline for his “reciprocal” tariffs on dozens of U.S. trading partners.
Freight rates on U.S. ocean trade routes hold steady as shippers and carriers wait out trade talks, tariff deadlines.
Despite U.S. tariff impacts, Drewry’s Global Container Port Throughput Index rose modestly in May, but better year-on-year, indicating global trade flows are adjusting.