Uncertainty is dominating the global maritime industry as the trade war between the U.S. and China unfolds. Industry executives have said they are unable to plan ahead because the situation is constantly shifting. Lauritzen Bulkers’ interim CEO, Jacob Winthereik, said that with new tariffs being announced or changed almost weekly, there’s no sign of stability
Global container demand is expected to shrink primarily due to market uncertainty and trade tensions. Analyst Linerlytica has downgraded its global container demand growth projections to -1.1% for 2025. The Asian market is already facing challenges following the announcement of import tariff measures by the U.S. Linerlytica has reported “significant” ocean cargo booking cancellations in
The Ocean Alliance is canceling several Asia–North Europe sailings in April and May to help recover schedules affected by congestion and delays at European ports. In contrast, Maersk and Hapag-Lloyd, as part of the Gemini Cooperation, are taking a different approach by adding more vessels on the same trade route to help alleviate port delays
A 10% universal tariff and country-specific duties on U.S. imports will take effect on April 5 and April 9, respectively. Consequently, this is pressuring shippers to re-evaluate their supply chain strategies with some rushing to import goods to avoid fees, while others are holding back products in Asia. One forwarder observed that shippers are adopting
Most of the world’s top 30 ports saw strong cargo growth in 2024, rising by 7% overall, according to Alphaliner. The most significant volume growth came from Los Angeles/Long Beach at 19.8%, Tanger Med at 18.8%, and Tanjung Pelepas at 16.9%. Alphaliner attributes the significant increase in Los Angeles/Long Beach volumes to concerns about U.S. tariffs
Over the past 25 years, the capacity operated by carriers in the container shipping industry has grown immensely. In 2000, the 50 largest carriers moved a combined 2.5m TEU and only 24 of the original companies remain. These carriers now operate 26.7m TEU, increasing their collective capacity by 983%. This equates to an average annual
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