Category: Uncategorized

CMA CGM fleet will not need to pay Chinese tonnage tax: CFO With less than half of CMA CGM’s fleet built in China, CFO Ramon Fernandez believes US services can be structured to avoid the incoming tonnage fees. Go to journal of commerce

Ocean carriers line up hefty rate hikes on oversupplied Asia-Europe trade The carriers want to raise prices by more than 50% in a bid to stem the slide in rates that began at the end of December and is showing no signs of slowing. Go to journal of commerce

MSC, Zim plan to rework Asia-US Gulf network as demand drops MSC plans to provide all of the tonnage in a US Gulf service, with Zim slated to get a lower share of slot space as weaker demand forces service changes. Go to journal of commerce

High-and-heavy shippers sound alarm on rising tariff costs Caterpillar and Deere are counting the sizable costs of tariff-related expenses, even with the announced 90-day tariff pause between the US and China. Go to journal of commerce

Norden continues MPV expansion amid ‘strong projected demand’ The Denmark-based carrier has been growing its multipurpose vessel fleet since entering the project cargo sector with the acquisition of Thorco Projects in 2023. Go to journal of commerce

Revised China tonnage tax less disruptive, still costly An industry backlash mitigated the costliest components of the US Trade Representative but surcharges from some carriers are still likely on the way, writes Executive Editor Mark Szakonyi. Go to journal of commerce

BNSF, UP prepping for July cargo rebound after tariff-induced lull Intermodal providers might see a small bullwhip effect, in which international volume declines in May and June but rebounds in July and August as shipments delayed due to now-paused tariffs on Chinese goods begin arriving in Southern California. Go to journal of commerce

Eastbound trans-Pac spot rates in revival mode in wake of US-China trade deal Rates are climbing quickly amid fresh Chinese volumes headed to the US, with an expected crunch in vessel capacity and the potential for port congestion driving the gains.  Go to journal of commerce

Panama Canal Authority hits back at FMC ‘chokepoint’ probe as unwarranted The canal agency highlighted data that refutes Trump administration claims about unfair treatment at the waterway, while the International Chamber of Shipping said freedom of navigation is a global responsibility. Go to journal of commerce

China-US ocean bookings surge since weekend trade deal: Hapag-Lloyd The predicted rush to get US imports from China on the water has begun as shippers take advantage of the 90-day cut in tariffs, according to CEO Rolf Habben Jansen. Go to journal of commerce

Overcapacity, trade seasonality push India-Europe rates to multi-year low On top of the persistent pressure of overcapacity and muted demand, industry sources have also linked the market softening to the historical seasonal pattern of the Indian export trade. Go to journal of commerce

Large truckload carriers make capacity cuts, but trucks reenter the market The Journal of Commerce Truckload Capacity Index hit its lowest point since 2014 in the first quarter, but April saw a net gain of 558 active carriers, US data shows. Go to journal of commerce

Yang Ming expects stable Q2 on non-US-China trades The carrier was commenting after reporting its first-quarter results along with Taiwan’s other two mainline carriers, Evergreen Marine and Wan Hai Lines. Go to journal of commerce

AI continues its advance across truckload fleets, drayage Technology providers are rolling out artificial intelligence tools to help augment transportation teams and service providers with limited resources. Go to journal of commerce

Freighter exodus leaves trans-Pacific air cargo on edge after China-US trade deal The trans-Pacific air cargo sector is trying to assess the demand implications of the preliminary trade deal between Washington and Beijing, which included a reduction in the tariff on parcels from China. Go to journal of commerce

Multimillion-dollar price tag awaits car carriers as US ship fees loom Wallenius Wilhelmsen, the world’s largest car carrier operator, said its vessels make between 300 and 350 voyages a year to the US, potentially generating annual voyage fees of about $300 million. Go to journal of commerce

DP World plans $760 million investment in the Dominican Republic The investment will increase the Port of Caucedo’s capacity by 24% while expanding an adjacent Free Trade Zone, the terminal operator said. Go to journal of commerce

West India container trade facing delays, vessel skips after regional tensions Despite a ceasefire announced over the weekend between India and Pakistan, the combined impact of the recent tensions and enhanced port security protocols has left container supply chains out of India’s west coast corridor in a state of flux. Go to journal of commerce

Capacity crunch beckons on eastbound trans-Pacific after US-China deal Much of the volume that has been locked up over the past month will come flooding back into the market after Washington and Beijing agreed to significantly slash their respective tariffs for 90 days. Go to journal of commerce