Containers
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Ningbo Ocean continues fleet expansion with $276m newbuild order
The company also announced a leadership change, with Chen Wenke appointed as deputy general manager amid continued growth in revenue and capacity
Containers: uncertainty reigns as tariff turmoil and overcapacity looms
Container shipping in 2025 remains volatile, with Trump’s trade policies fuelling uncertainty. While the global trade war dominates headlines, a more pressing and all too familiar issue looms: overcapacity
Transpacific spot rates rapidly slump back toward pre-tariff reprieve levels
The predicted cargo transport boom following the pause in higher US tariff levels is quickly turning into a bust. Transpacific spot rates are in rapid retreat and the forward outlook is bearish
Japan Engine advances ammonia and hydrogen fuel two-stroke strategy
Third-largest designer of two-stroke marine engines is gearing up for expected high demand for ammonia-fuel engines from bulk carrier, gas carrier and vehicle carrier sectors
Wilbur Ross predicts that US protectionism will curb global shipping demand
Financier Wilbur Ross served as commerce secretary during Trump 1.0 and owned stakes in shipping companies before his government service. He believes the aggressive trade policies during Trump 2.0 will constrain long-term growth for maritime transport
The week in charts: Red Sea remains 60% lower than normal | Hundreds of voyages to Iraq may be fake | Port congestion pushes up Asia-Europe rates
Red Sea traffic volumes unaffected by US-Houthi ceasefire; Nearly 400 tanker and LPG voyages to Khor Al Zubair in the first five months of 2025 were likely manipulated; Asia-Europe spot rates hit four-month highs; Imports to Los Angeles declined to just 355,950 teu in May
The week in newbuildings: Controversial ropax order signed while ONE boosts boxship orderbook
One bulk carrier, an LNG bunkering vessel, four ro-paxes, 10 containerships and 24 general cargoships ordered in past week
Port of LA imports sank 19% in May vs April, with no major rebound expected
Tariffs are already having a highly negative effect on business at the Port of Los Angeles. May was extremely weak. The ‘status quo’ for tariffs looks like it will prevail; if so, imports will face headwinds for the rest of the year
Transpacific spot rate index suffers largest-ever weekly decline
The hope among liner stock investors was that lower US tariffs on Chinese goods would unleash a flood of cargo, spurring a Covid era-like surge in transpacific rates. But the upside looks like it will be fleeting this time around
Combined Maritime Forces on war footing as Iran promises revenge
Israel launched a strike on Iran overnight that targeted nuclear sites and military facilities, and shipping is braced for what comes next
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Latest From Ports and Logistics
Israel-Iran: seatrade flows even as the bombs fly
Tanker spot rates doubled, premiums for Israel port calls up threefold. And hundreds dead
IAPH launches port cyber security guidelines for emerging tech
IAPH guidelines designed to help ports and maritime stakeholders navigate the complex cyber security landscape shaped by rapidly evolving technologies such as AI, quantum computing and drones
More than half a tonne of cocaine intercepted by Australian border force
Law enforcement said the rip method, the modus operandi of choice for smugglers, was only possible thanks to corrupt insiders
More from Containers
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Latest From Containers
Largest containership since March 2024 transits Suez Canal
France-based CMA CGM has agreed to resume transits through the Suez Canal after conversations with the SCA
Transpacific spot rates rapidly slump back toward pre-tariff reprieve levels
The predicted cargo transport boom following the pause in higher US tariff levels is quickly turning into a bust. Transpacific spot rates are in rapid retreat and the forward outlook is bearish
IAPH launches port cyber security guidelines for emerging tech
IAPH guidelines designed to help ports and maritime stakeholders navigate the complex cyber security landscape shaped by rapidly evolving technologies such as AI, quantum computing and drones
Teo Teng Seng takes helm of Singapore Shipping Association
Teo succeeds former president Caroline Yang after her maximum three consecutive terms spanning six years
Ningbo Ocean continues fleet expansion with $276m newbuild order
The company also announced a leadership change, with Chen Wenke appointed as deputy general manager amid continued growth in revenue and capacity
French shipping titan Louis-Dreyfus dies at 80
Alongside his role leading Louis Dreyfus Armateurs, Philippe Louis-Dreyfus also headed up ECSA and BIMCO in an influential maritime career
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