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A tentative agreement has been reached between the two sides after a strike at the US East terminal ended

2024-10-08

A three-day strike between longshoremen and port operators on the U.S. East Coast has officially ended, with the two sides reaching a preliminary agreement and extending the main contract until Jan. 15, 2025.

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The EU has imposed a 45 per cent tariff on Chinese electric cars

The EU's proposal to impose countervailing duties on Chinese electric vehicles has been approved

2024-10-08

Eu member states have formally voted, scheduled to take effect at the end of October, and Chinese electric car manufacturers entering the European market will face ultra-high tariffs of up to 45 percent.

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Oversupply in the container shipping market has accelerated the decline in freight rates

2024-10-08

With the arrival of the off-season and a large number of new vessels coming into service, the container shipping market is facing significant oversupply pressure, and rates are expected to accelerate the decline, allowing those non-alliance vessels w

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Maersk stopped accepting bookings to and from Haiti

Riots in Haiti close Port-au-Prince, Maersk halts bookings in the country

2024-09-29

The violence led to the temporary closure of all land traffic to Port-au-Prince, the capital of Haiti, and Maersk immediately stopped accepting bookings to and from Haiti due to the unstable situation.

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SCFI fell for six consecutive weeks, and freight rates on major routes fell sharply

2024-09-29

SCFI fell for six consecutive weeks, affected by the threat of strikes in the East of the United States and the off-season, the freight rate of major routes fell sharply, and the shipping company added surcharges to cope with the risk.

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The United States East wharf strike is imminent, ONE, Yangming executives express views

2024-09-29

In response to the strike planned by the US East Coast Port Union (ILA) to begin in the early hours of October 1, many liner companies have announced surcharges, and some liner executives have also spoken out on the incident.

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HMM bought five container ships for $300 million

2024-09-26

Liner company Hanshin Marine HMM continues to push ahead with its medium to long term fleet expansion strategy, recently purchasing another five container ships on its long-term lease for approximately $300 million.

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Dozens of cargo ships bound for the United States will be forced to wait

2024-09-26

A prolonged strike in the U.S. East and Gulf Coast could deal a severe blow to the global container supply chain, with ripple effects for ships waiting for berths at U.S. East and Gulf Coast anchorages.

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A container containing lithium batteries caught fire at the Port of Montreal

2024-09-26

A container carrying lithium ion batteries caught fire at the Port of Montreal in Canada. The incident occurred in one of the containers storing 15,000 kilograms of lithium batteries at the port. The fire was quickly brought under control.

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Joe Biden says he won't stop a mass strike by port workers

2024-09-26

Several industry groups are calling on the U.S. government to intervene in the strike, but President Joe Biden recently said he would not stop a mass strike by port workers.

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