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Vietnam’s Shipments From China, to US Reach Record High Amid Trade Fraud Crackdown
Shipping
May 7, 2025
From 
Reuters
 via 
gCaptain

Vietnam’s Shipments From China, to US Reach Record High Amid Trade Fraud Crackdown

Vietnam's imports from China and exports to the United States both reached a post-pandemic record in April, amid talks with Washington to reduce Hanoi's trade surplus and a crackdown on Chinese goods being shipped to the U.S. via its territory.
Trump Announces Deal to Stop Bombing Houthis
Shipping
May 6, 2025
From 
Reuters
 via 
gCaptain

Trump Announces Deal to Stop Bombing Houthis

President Donald Trump announced on Tuesday the U.S. will stop bombing the Houthis in Yemen, saying that the Iran-aligned group had agreed to stop interrupting important shipping lanes in the Middle East.
U.S. Carrier Matson Warns of Challenging Trade Environment Ahead
Shipping
May 6, 2025
From 
Mike Schuler
 via 
gCaptain

U.S. Carrier Matson Warns of Challenging Trade Environment Ahead

Matson’s stock falls 15% after the company reported Transpacific container volumes falling 30% since April in response to tariffs. Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific,...
Trump Halts U.S. Bombing of Houthis, Citing Ceasefire Pledge That the Houthis Deny
Shipping
May 6, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Halts U.S. Bombing of Houthis, Citing Ceasefire Pledge That the Houthis Deny

President Donald Trump announced Tuesday that the United States will cease military operations against Houthi forces in Yemen, claiming the Iran-aligned group agreed to stop disrupting maritime traffic in vital...
Xeneta: SHIPS for America Act Adds New Layer of Complexity to US Maritime Trade
Shipping
May 6, 2025
From 
Mike Schuler
 via 
gCaptain

Xeneta: SHIPS for America Act Adds New Layer of Complexity to US Maritime Trade

The recently reintroduced SHIPS for America Act is creating additional challenges for ocean container shippers in 2025, adding a new layer of complexity to an already intricate US maritime regulatory...
US Trade Deficit Widens to a Record on Pre-Tariff Drug Imports
Shipping
May 6, 2025
From 
Bloomberg
 via 
gCaptain

US Trade Deficit Widens to a Record on Pre-Tariff Drug Imports

The US trade deficit widened to a record in March as companies rushed to import products including pharmaceuticals as the Trump administration readied sweeping tariffs.
Chinese Trade Flow Resilient at End of April Despite US Tariffs
Shipping
May 6, 2025
From 
Bloomberg
 via 
gCaptain

Chinese Trade Flow Resilient at End of April Despite US Tariffs

China’s trade flows increased at the end of April, indicating the damage from US tariffs has yet to manifest in actual shipments even though the trade war is widely expected to eventually slow the world’s second-largest economy.
As Trump Tariffs Sink in, Canadian Companies Pivot From US to New Markets
Shipping
May 6, 2025
From 
Reuters
 via 
gCaptain

As Trump Tariffs Sink in, Canadian Companies Pivot From US to New Markets

A manufacturer of capsules and tablets for the pharmaceuticals industry is scouting Asia for new partners. A steel component maker, with a client base in the United States stretching back 35 years, is telling customers to expect to pay higher prices. Another company, that produces mascot costumes for sporting or school events, is lowering its prices so as not to lose American customers.
Commonwealth LNG Signs Major 20-Year LNG Supply Deal with Asian Buyer
Shipping
May 5, 2025
From 
Mike Schuler
 via 
gCaptain

Commonwealth LNG Signs Major 20-Year LNG Supply Deal with Asian Buyer

Commonwealth LNG has secured a significant 20-year Sale and Purchase Agreement (SPA) with a major Asian energy company for 1 million tonnes per annum (mtpa) of LNG from its upcoming...
European Firms Fare Better Than Feared Through Early Trade Pain
Shipping
May 5, 2025
From 
Bloomberg
 via 
gCaptain

European Firms Fare Better Than Feared Through Early Trade Pain

European firms are reporting earnings significantly ahead of expectations, allowing for some relief in the market, but tariffs and the uncertain path of economic growth continue to cloud the outlook.
OPEC+ To Further Speed Up Oil Output Hikes
Shipping
May 4, 2025
From 
Reuters
 via 
gCaptain

OPEC+ To Further Speed Up Oil Output Hikes

By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW, May 4 (Reuters) – OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November,...
Blanked Sailings Buoy Spot Rates Amid Broad Market Slide
Shipping
May 2, 2025
From 
The Loadstar
 via 
gCaptain

Blanked Sailings Buoy Spot Rates Amid Broad Market Slide

Spot rates across all the major east-west deepsea trades continued their downward descent this week, although it has become increasingly clear that widespread blanked sailings on the transpacific trade managed to stave off a complete crash.