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Container Shipping Companies Cut Asia-US Services

May 11, 2025

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 ships on those routes have the combined capacity to deliver 25,682 40-foot containers stuffed with toys, tennis shoes, car parts and things U.S. manufacturers use to produce goods each week - or more than 1…

Coal Shipments Plummet 6%, China's the Driver

Jul 09, 2025

“During the first half of 2025, global coal shipments fell 6% y/y amid weak import demand in large markets. Cargo loadings headed to China and advanced economies slowed considerably, partly due to stronger electricity generation from renewables and to weaker steel production…

CV International, Capes Shipping Agencies Announce New CFO

Jul 08, 2025

CV International, Inc. (CVI), a Norfolk-based freight forwarder and customs broker, and its subsidiary Capes Shipping Agencies, a port and vessel agency, have announced the appointment of Jeff Underwood as Chief Financial Officer. Jeff brings over 30 years of financial experience…

NYK-TDG Maritime Academy Celebrates 80 Graduates

Jul 07, 2025

On July 4, the NYK-TDG Maritime Academy (NTMA), a merchant marine academy jointly operated by NYK and the Transnational Diversified Group (TDG) near Manila, Philippines, held a commencement ceremony for 80 students, the academy’s 14th batch of graduates…

Gladstone Ports Welcomes New CEO

Jul 06, 2025

Gladstone Ports Corporation (GPC) of Australia has appointed Andrew Johnson as the organization’s new CEO.With over 30 years of national and international leadership experience, Johnson has a proven track record successfully leading large-scale…

World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai

Jun 26, 2025

On June 19, the world’s first ship-to-ship liquified carbon dioxide (LCO₂) transfer was successfully completed at the Yangshan Deep-Water Port in Hangzhou Bay, Shanghai.The project was led by Shanghai Qiyao Environmental Technology (SMDERI-QET)…

BIMCO: Stable Demand Outlook For Container Shipping

Jun 25, 2025

BIMCO forecasts a stable demand outlook for the container shipping sector, aligned with previous reports, despite recent uncertainties in US trade policies. 'We expect the supply/demand balance to weaken only slightly in 2025 and 2026, as our…

Russian Yamal LNG Plant Ships First Cargo This Season Via Northern Sea Route

Jun 20, 2025

Russia's Yamal LNG plant, operated by Novatek, has dispatched a first cargo of liquefied natural gas this season via the Northern Sea Route to China, Kommersant daily reported on Friday, citing Kpler data.It said the Arc 7 ice-class tanker Georgiy…

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Jun 13, 2025

The collective scramble to move as much physical copper as possible to the U.S. before the imposition of import tariffs is creating shortages in the rest of the world.London Metal Exchange (LME) stocks have fallen to nearly two-year lows with…

DFDS Reaches 10,000 Sailings in Türkiye

May 15, 2025

DFDS celebrated 10,000 sailings in the Mediterranean connecting Türkiye, Europe and North Africa, highlighting the strategic importance of the Turkish market as the nearshoring trend drives increased investment and production shifts to the region…

Edison Receives First Delivery of US LNG From Venture Global

May 14, 2025

Italian energy group Edison said on Wednesday it received the first cargo of liquefied natural gas (LNG) from U.S. firm Venture Global, adding it would continue litigation over delays in its delivery.A cargo of 165,000 cubic metres of LNG from…

Near-Record US Container Imports in April Expected to Snap in May Due to Tariffs

May 08, 2025

U.S. container imports surged in April as companies raced to avoid President Donald Trump's tariffs, which now include a 145% duty on goods from China, but executives at the country's two busiest ports said the trend looked set to reverse in May…

Vietnamese Imports From China and Export to US Reach Record High

May 07, 2025

Vietnam's imports from China and exports to the United States both reached a post-pandemic record in April, amid talks with Washington to reduce Hanoi's trade surplus and a crackdown on Chinese goods being shipped to the U.S. via its territory…

BIMCO: Brazilian Grain Shipments Up 9% as China Seeks US Alternative

May 07, 2025

Between January and April 2025, Brazilian grain shipments rose 9% y/y, supported by strong Chinese purchasing, according to Filipe Gouveia, Shipping Analysis Manager at BIMCO.The ramp-up in exports has been supported by a 9% increase in the soya bean harvest…

HD Hyundai and Maersk Cooperate on Decarbonization and Logistics

May 06, 2025

HD Hyundai and A.P. Moller - Maersk have signed an Memorandum of Understanding (MoU) to establish a collaboration on decarbonization solutions for vessels, while HD Hyundai plans to expand the use of Maersk’s integrated logistics services across its affiliates…

Current News

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