Tag: maritime trade

BIMCO released its dry bulk shipping market overview & outlook for January 2025, highlighting that the return to the Red Sea would weaken the market. 

The shipping, logistics, and trade industry issued a statement calling for customs reform that keeps pace with the complex global trade. 

A new study reveals that Maersk Line lost nearly $89 million due to the 2021 Suez Canal blockage caused by the Ever Given, using a methodology that could also analyze the ongoing maritime crisis in the Red Sea.

Peter Sand, Chief Analyst, Xeneta, explains that the return of container ships to the Red Sea will bring chaos and collapsing freight rates.

According to Drewry, container rates from East Asia and China to the US dropped this week as carriers reduced rates to boost pre LNY demand.

U.S. imports from China ended the year on a high note, as some companies stocked up on shipments in light of Trump's proposed new tariffs.

Stepping into 2025, the container trading landscape continues to be shaped by elevated secondhand container prices, driven by uncertainties owing to geopolitical tensions, trade wars, and tariff threats, Container xChange highlights.

On 10 January, the United States sanctioned major targets in Russia’s energy sector, the primary source of revenue fueling Russia’s war against Ukraine.

Xeneta says that port strikes on the US East Coast and Gulf Coast were avoided, with container freight rate growth expected to slow or fall. 

The international freight forwarding and logistics sector is poised for a dynamic year in 2025, says the director general of BIFA.