Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed President Donald Trump slapping 145% tariffs on China.Trump quickly reversed course by lowering the rate to 30%. That cost increase on goods from the nation's No. 1 ocean trading partner remains significant, especially at a time when U…
Crowley, a leader in logistics, marine and energy solutions, is expanding ocean shipping services with its first-ever route between the U.S. Northeast and Central America.Utilizing Crowley's new Avance Class vessels, powered by liquefied natural gas (LNG)…
Ocean Network Express (ONE) named the 13,900-TEU ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol ready container vessels. The naming ceremony took place at the Hiroshima Shipyard of Imabari Shipbuilding Co. Ltd. in Japan, marking another milestone in ONE's fleet expansion program…
Peter Sand, Xeneta Chief Analyst, shared insights following the escalation of the Israel-Iran conflict.“Geo-politics is once again threatening the safety and stability of global supply chains so we must hope for de-escalation in the conflict between Israel and Iran…
ORLEN Group has opened Poland’s first installation terminal dedicated to offshore wind farms, located in Świnoujście, with the facility securing its first long-term lease agreement with global offshore wind player Ocean Winds.The Świnoujście…
IMO Secretary-General Arsenio Dominguez emphasized the global shipping industry's need for significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change at the Blue Economy Finance Forum in Monaco…
Ports of Indiana welcomed a delegation led by the Port of Antwerp-Bruges today on a trade mission exploring economic opportunities and new container shipments between the U.S. Midwest and European markets.The day’s events included a tour of Ports of Indiana-Burns Harbor…
The number of vessels that passed through the Panama Canal rose to an average of 34 per day for a total of 1,021 transits last month, from an average of 33.7 per day in March, according to a bulletin published by the waterway's authority.In the first four months of 2025…
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…
The prospect of a large scale return of container ships to the Red Sea following the announcement of a ceasefire between the US and Houthi militia in Yemen would flood the market with shipping capacity and cause a global collapse in freight rates…
On May 1, the Port of Gulfport will implement continuous autonomous subsea surveillance. Using Ocean Aero’s technology, the Triton AUSV, they will begin running ongoing scans using a variety of subsea payloads, including bathymetry, side-scan sonar…
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…
DataMondial, a player in the world of data and document processing, announced the launch of its latest service: an AI-powered robotization system for processing ocean freight rates. This new service is designed to help logistics providers manage…
The Port of Virginia is continuing to modernize and expand its operation and recently debuted additional capacity to safely handle simultaneous calls of ultra-large container vessels (ULCVs).Earlier this month at Virginia International Gateway (VIG) the port put four new…
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