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Blank Sailings Cushion Fall for Container Spot Rates
Shipping
April 25, 2025
From 
The Loadstar
 via 
gCaptain

Blank Sailings Cushion Fall for Container Spot Rates

Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to plague the transpacific market and demand elsewhere failed to match supply.
China Waives Tariffs on Some U.S. Goods, but Denies Trump’s Claim That Talks are Underway
Shipping
April 25, 2025
From 
Reuters
 via 
gCaptain

China Waives Tariffs on Some U.S. Goods, but Denies Trump’s Claim That Talks are Underway

China exempted some U.S. imports from its steep tariffs in a sign on Friday that the trade war between the two countries could be easing, though China quickly knocked down U.S. President Donald Trump's assertion that negotiations were underway.
Höegh Autoliners Reports Strong Q1 Despite Global Challenges
Shipping
April 25, 2025
From 
Mike Schuler
 via 
gCaptain

Höegh Autoliners Reports Strong Q1 Despite Global Challenges

Höegh Autoliners ASA reported strong financial results for the first quarter of 2025, with substantial revenue gains and strategic expansions amid increasing global uncertainty. The Norwegian roll-on/roll-off vessel operator posted...
EU Expands Maritime Reporting Requirements to Combat ‘Shadow Fleet’ Risks
Shipping
April 24, 2025
From 
Mike Schuler
 via 
gCaptain

EU Expands Maritime Reporting Requirements to Combat ‘Shadow Fleet’ Risks

The European Commission has strengthened its maritime safety regulations by implementing new mandatory insurance reporting requirements for all vessels in EU waters. Under the amended Vessel Monitoring Directive (2022/59/EC), ships...
FMC Awards Samsung $3.6M in Landmark Demurrage Case Against ZIM
Shipping
April 24, 2025
From 
Mike Schuler
 via 
gCaptain

FMC Awards Samsung $3.6M in Landmark Demurrage Case Against ZIM

The Federal Maritime Commission (FMC) has delivered a significant ruling in a contentious shipping dispute, awarding Samsung Electronics America (SEA) $3.68 million in reparations against ZIM Integrated Shipping Services Ltd....
More Russian Insurers Seek Indian Nod for Oil Tanker Coverage
Shipping
April 24, 2025
From 
Bloomberg
 via 
gCaptain

More Russian Insurers Seek Indian Nod for Oil Tanker Coverage

(Bloomberg) — Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with...
ABS CEO Wiernicki to Retire After 14-Year Tenure
Shipping
April 24, 2025
From 
Mike Schuler
 via 
gCaptain

ABS CEO Wiernicki to Retire After 14-Year Tenure

Christopher J. Wiernicki, ABS Chairman and CEO of the American Bureau of Shipping (ABS), has announced his retirement effective end of 2025, following a 14-year leadership tenure that saw significant...
Chinese Exporters Retreat From US as Tariffs Erode Profitability
Shipping
April 24, 2025
From 
Bloomberg
 via 
gCaptain

Chinese Exporters Retreat From US as Tariffs Erode Profitability

For an increasing number of Chinese exporters, many of whom battled through the trade war in President Donald Trump’s first term and who have invested years to capture the spending power of American shoppers, it may be closing time in the US.
Industry Leaders Warn of Supply Chain Crisis as Trump Tariffs Hit US-China Trade
Shipping
April 23, 2025
From 
Mike Schuler
 via 
gCaptain

Industry Leaders Warn of Supply Chain Crisis as Trump Tariffs Hit US-China Trade

Container shipping between China and the United States faces unprecedented disruption following the implementation of new Trump administration tariffs on U.S. imports from China, with industry leaders warning of potential...
Trump’s China-Built Ship Fees Spark Chaos in Global Carrier Alliances
Shipping
April 23, 2025
From 
The Loadstar
 via 
gCaptain

Trump’s China-Built Ship Fees Spark Chaos in Global Carrier Alliances

The USTR fees for China-built shipping threaten a “complete destabilisation” of the ocean alliances, as the carriers with box ships exempt from the penalties attempt to insulate themselves.
Trump Floats ‘Substantial’ China Tariff Cuts in Trade Deal
Shipping
April 23, 2025
From 
Bloomberg
 via 
gCaptain

Trump Floats ‘Substantial’ China Tariff Cuts in Trade Deal

President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.
Hapag-Lloyd Says 30% of China’s U.S. Bound Shipments Have Been Canceled
Shipping
April 23, 2025
From 
Reuters
 via 
gCaptain

Hapag-Lloyd Says 30% of China’s U.S. Bound Shipments Have Been Canceled

Customers of Hapag-Lloyd have canceled 30% of shipments to the United States from China, spooked by the trade conflict between the two economic super powers, a spokesperson for the German container shipping group told Reuters on Wednesday.