COSCO targeted by Pentagon for alleged ties to PLA
COSCO, the world’s largest shipping company, is among a host of Chinese shipping-related names added to a list of companies the US Department of Defense views as having links to
Top Pentagon Weapons Buyer: Houthis Have ‘Scary’ Anti-Ship Missiles
Last week, the Pentagon’s most senior acquisition official warned that Yemen’s Houthi rebels have developed “amazing” ballistic missile capabilities over th
US ports receive $580M in grants
The US Department of Transportation’s Maritime Administration (MARAD) has revealed plans to invest nearly $580m in port infrastructure nationwide. The funding will go toward 31 p
Trump Second Term Poses ‘Destructive Risk’ to Container Market
The prospect of Donald Trump winning the forthcoming US presidential election ought to put the container shipping industry on alert, new analysis from Drewry Shipping Consultants h
Trump Tariff Threat and China Downturn to Make CNY 2025 ‘Different’
The impact of Chinese New Year (CNY) on global supply chains “cannot be overstated”, according to Maersk, amid a warning that the forthcoming 29 January to 3 February holiday w
Shipping from Asia to Latin America? GRI Incoming
A General Rate Increase (GRI) from Asia* to the West Coast of South America, Mexico, Central America, and the Caribbean** is coming up. This GRI will apply to cargo transported in
US Atlantic and Gulf Ports Shut Down as ILA Rejects Last-Minute Offer
Some 36 major ports on the US east and Gulf coasts have now shuttered, despite a last-minute near-50% wage increase offer from employers’ association USMX. In a statement the USM
US Port Congestion: Impact on Sea Freight and Solutions
US port congestion has been making headlines for a while now, and it’s no secret that this issue is creating ripple effects across global trade. As sea freight serves as the back
Retail Group Predicts ‘Near-Record Surge’ in
US retailers do not anticipate a slowdown in imports for the second half of 2024, driven by a near-record surge in August as retailers fast-track shipments ahead of potential longs
Kaohsiung Hit by Asia’s Container Congestion
The container congestion contagion effect appears to be manifesting itself in Taiwan with a recent build-up of boxes in its main gateway of Kaohsiung. Congestion in south-east Asia
