Singapore Shipping company Vasi Shipping declared bankruptcy
2025-04-15
Singapore Shipping company Vasi Shipping has begun bankruptcy proceedings, becoming another victim of the collapse in container freight rates.
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In the first quarter, China's export volume reached 6 trillion yuan, an increase of 6.9%
2025-04-15
In the first quarter of this year, China's imports and exports of goods were 10.3 trillion yuan, an increase of 1.3 percent year-on-year. Of this total, the export was 6.13 trillion yuan, up by 6.9%; Imports were 4.17 trillion yuan, down 6%.
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Stopped shipments to the United States, a large number of shipping companies canceled voyages
2025-04-14
Under the tariff war between China and the United States, trans-Pacific trade is experiencing an unprecedented convulsion, halting shipments to the United States and canceling a large number of ships.
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Empty containers in Los Angeles are up 23% due to tariffs
2025-04-14
As pre-loading and tariffs clouded the outlook for the second half of the year, empty container volumes in Los Angeles were up 23% due to tariffs.
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Maersk and CMA CGM terminate their joint Ceiba Express route
2025-04-14
As Trump puts more political and economic pressure on Venezuelan President Nicolas Maduro, Maersk Line and CMA CGM will end their jointly operated Ceiba Express route, which was supposed to connect the United States and Venezuela.
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ONE announced the suspension of trans-Pacific route PN4, which was scheduled to operate in May
2025-04-14
The shipping market is being severely affected by the latest round of "reciprocal tariffs" imposed by the United States, with ONE announcing the suspension of the trans-Pacific route PN4 (Pacific North4) planned to operate by the Premier Alliance in
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Trump could not bear it and exempted some of the reciprocal tariffs
2025-04-14
Trump exempted about 20 products, including smartphones, computers, memory chips and some semiconductor manufacturing equipment, from import duties for unspecified countries, and the duration and impact of the exemptions were not immediately clear.
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President Trump has signed an executive order to continue targeting China's shipbuilding industry
2025-04-14
Trump signed an executive order titled "Revitalizing America's Position as a Maritime Power," which aims to revitalize the country's struggling shipbuilding industry, strengthen its maritime workforce and expand U.S. influence in global shipping.
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Freight rates have risen, and shipping companies have reduced the range of displacements
2025-04-09
Compared with the data of the previous period of suspension and port jumping, the shipping company announced the cancellation of 11 fewer trips.
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Hundreds of container orders in Asia are being canceled every day because of Trump's tariffs
2025-04-09
Trump's tariff war has caused several Asian exporters to cancel container bookings, as recipients of U.S. cargo now fear having to pay higher prices for their goods.
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