Transpacific Spot Rates Split as Discounts Emerge
Container spot freight rates on the main east-west deepsea trades saw some uplift this week from the 1 November general rate increases (GRIs), although the
Container spot freight rates on the main east-west deepsea trades saw some uplift this week from the 1 November general rate increases (GRIs), although the
China’s exports unexpectedly contracted in October as global demand failed to offset the deepening slump in shipments to the US, dealing a blow to an economy
Two tankers carrying around 1.5 million barrels of Russian Urals crude have dropped anchor at sea on either end of the Suez Canal, in an apparent sign of the
The U.S. Coast Guard successfully rescued five people Thursday after their sailing vessel began taking on water approximately 260 nautical miles offshore Cape
Global commodity trader Gunvor has withdrawn its proposal to acquire Lukoil’s international assets after the U.S. Treasury Department signaled it would
European naval forces liberated the Maltese-flagged tanker HELLAS APHRODITE Friday afternoon following a dramatic 30-hour hijacking approximately 700 nautical
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The US is pushing forward on President Donald Trump’s pledge to pause a series of penalties aimed at China’s shipbuilding industry, a key concession in his
China has commissioned its first indigenously designed aircraft carrier after months of sea trials, and named it the Fujian, after the province facing Taiwan
China has booked two cargoes of U.S. wheat following last week's meeting between the countries’ leaders, traders said on Thursday, the first such purchases
(Bloomberg) — A.P. Moller-Maersk A/S shares fell with investor disappointment over a smaller-than-expected improvement in the container-shipping
The South Korean-owned Philly Shipyard in the United States does not currently have the capability to build a nuclear-powered submarine, Prime Minister Kim
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The Office of the U.S. Trade Representative has opened a one-day public comment period and provided more clarity on the proposed one-year suspension of port
Federal immigration authorities conducted a targeted enforcement operation at an unidentified Louisiana shipyard last week, resulting in the arrest of 25
The U.S. Coast Guard has announced a record-breaking 510,000 pounds of cocaine seized during fiscal year 2025, marking the largest interdiction haul in the
Copenhagen-based shipping giant A.P. Moller – Maersk has refined its full-year 2025 financial guidance, raising the lower end of its earnings projections
A Maltese-flagged tanker has been boarded by pirates approximately more than 700 nautical miles offshore Mogadishu, Somalia, the latest in a string of piracy
Honolulu-based carrier Matson, Inc. says it absorbed $6.4 million in port entry fees in the first three weeks of U.S. and China imposing reciprocal charges on
By Greg Stohr (Bloomberg) — The US Supreme Court appeared skeptical of President Donald Trump’s sweeping global tariffs, as key justices suggested he
Coast Guard Issues Dual RFI for Rapid-Build Domestic Icebreakers The U.S. Coast Guard has issued two parallel Requests for Information targeting a
Western sanctions on Russia and Iran are creating record volumes of oil stored onboard vessels, preventing a supply glut from forming in global markets,
The Suez Canal Authority (SCA) has issued a strong denial of reports claiming it detained the Russian-flagged crude oil tanker Dignity, stating that the
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A spike in freight rates for tankers hauling oil has prompted a wave of vessels to join the lucrative trade, with dozens of ships switching their focus from
The lawyer representing Donald Trump's administration faced tough questions from conservative and liberal U.S. Supreme Court justices on Wednesday over the
Mediterranean Shipping Company (MSC) has reached an unprecedented milestone in container shipping history, becoming the first carrier ever to achieve an
The Suez Canal Authority is reporting significant progress in its recovery from vessel diversions due to the Red Sea crisis, with October marking the highest
Danish offshore wind giant Ørsted has completed a major financial restructuring in the third quarter of 2025, raising DKK 60 billion ($8.8 billion) through a
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