U.S. Ocean Imports from China Plunge Nearly 30% in June After Tariff Hikes
Containerized imports from China fell 28.3% year-over-year in June, stepping deeper into a two-month decline following steep tariff hikes.
U.S. retailers are increasingly turning to Southeast Asian suppliers—imports from Vietnam, Indonesia, and Thailand...
Korean Lawmaker Backs U.S. Navy Repairs in South Korea for Strategic Edge
South Korean lawmaker proposes ship repair partnership with the U.S. to strengthen bilateral security and economic ties.
Calls for special repair zones and legal frameworks similar to existing military agreements.
Emphasis on industrial...
Yemen’s Houthi Rebels Attack Another Ship in The Red Sea, Killing 3
DUBAI, United Arab Emirates (AP) — An attack by Yemen’s Houthi rebels on a Liberian-flagged cargo ship in the Red Sea killed three mariners and wounded two others, a European Union naval force said...
Crowley Vessels Awarded for Commitment to Safety
The Chamber of Shipping of America has recognized 57 Crowley-owned or -managed vessels with its Jones F. Devlin Safety Awards, honoring the achievements and hard work of crews that together completed a total of...
Huangpu Wenchong Wins Latsco Deal for 1900TEU Feeders
CSSC Huangpu Wenchong Shipbuilding Co., Ltd. joined forces with China Shipbuilding Trading Co., Ltd. (CSTC) to formally sign a contract with Greek shipping giant Latsco Shipping for 2 “SWAN” 1900TEU feeder container ships independently...
Heidmar Acquires First Container Vessel for $25.25m
Athens-based pool operator and shipmanager Heidmar has announced its first-ever vessel acquisition, marking a strategic shift in the Nasdaq-listed company’s evolution from pure-play management to asset-backed operations.
The Pankaj Khanna-led outfit has struck a deal...
Singapore Launches First Fully Electric Tug PXO-ACE-1
CSA and KMG Lead Push for Maritime Decarbonisation.
Electric Tug Features 3 MWh Battery and Digital Twin Tech.
PXO-ACE-1 Designed for Future Methanol and Ammonia Use.
The Coastal Sustainability Alliance (CSA), a joint effort...
India Secures Release of Over 150 Seafarers from Ras Isa
Final Vessel MT GAZ GMS Departs Yemen on June 29.
Directorate Confirms All 11 Stranded Vessels Have Sailed.
Airstrike and Houthi Blockade Triggered Months-Long Crisis.
India has successfully managed to bring home over 150...
Global Markets Struggle as Trade Policies Fuel Uncertainty
US Inflation Rises After Failed Trade Push, Dollar Volatile.
Oil Prices Drop to USD 66.5 Amid Sanctions and Supply Worries.
Baltic Exchange Slides Again as Capesize Index Falls Sharply.
GMS’ latest report shows that...
Global Container Volumes Hit Record 16.34 Million TEUs in May 2025
Far East to Europe Route Posts Highest-Ever Export Volume.
North America, South America See Export Declines in May.
Imports Show Steady Growth, Led by Europe and Africa.
According to Container Trades Statistics (CTS), global...