ocean shipping News Updates

Government, Business, Safety, Fuel, Global Freight

Oil Tanker Market Roiled by Israeli Airstrikes Against Iran

Israel’s airstrikes on Iran drove up freight rates and tanker stocks June 13 as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.

June 13, 2025
Business, Equipment, Safety, Fuel, Logistics, Global Freight

EV-Carrying Ship Still on Fire Days After Blaze, Images Show

The fire on board the Morning Midas vessel continues to burn, its manager said June 10, after breaking out on June 3 on a deck carrying electric vehicles.

June 10, 2025
Business, Equipment, Safety, Fuel, Logistics, Global Freight

Ship Carrying EVs Abandoned in Pacific After Catching Fire

A ship carrying more than 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire June 3, highlighting a growing risk to the transportation of electric vehicles.

June 4, 2025
Government, Business, Logistics

Chinese Imports Expected to Surge Amid 90-Day Tariff Pause

President Donald Trump’s deal to lower tariffs against China for 90 days is expected to spur a surge of pent-up cargo and further market volatility, according to experts.

May 22, 2025
Government, Business, Logistics

It’s ‘Crunch Time’ for US Importers Facing Tariff Deadlines

U.S. businesses are under pressure to import goods while higher tariffs are on pause, and they’re simultaneously navigating complex filing rules when their cargo crosses the border.

May 22, 2025
Government, Business, Logistics, Global Freight

China-US Trade Soars in Race to Hit Trade Truce Window

A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors.

May 21, 2025
Government, Business, Logistics, Global Freight

Tariff Truce Boosts Global Shippers

Importers rushing to ship Chinese goods to the U.S. using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters including Maersk and Cosco.

May 16, 2025
Government, Business, Logistics, Global Freight

Hapag-Lloyd CEO Sees ‘Huge Surge’ in Volume in Last Few Days

Hapag-Lloyd is seeing a jump in business after the U.S. and China lowered tariffs, the company’s CEO said, as the trade war ceasefire unleashes a wave of pent-up demand for shipping.

May 14, 2025
Government, Business, Logistics, Global Freight

GOP Bill Would End Duty-Free Imports of Cheap Foreign Goods

House Republicans have proposed using their tax and spending bill to end duty-free imports of cheap foreign goods, a perk companies have used to grow their U.S. business for the past decade.

May 13, 2025
Government, Business, Logistics, Global Freight

Freight Rates Set to Rise on Pacific Shipping Frenzy

A China-U.S. deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.

May 13, 2025