Author: Shipco News Desk

Articles

Air Cargo Rates Holds Steady, Demand up 2% Year-over-year

Airfreight demand and rates have stabilized after recent volatility caused by the Lunar New Year and tariff concerns. According to data from analyst WorldACD, global air cargo demand has remained unchanged week-over-week but is up 2% compared to the previous year. In early March, the average worldwide airfreight rates for both spot and contract shipments

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Articles

U.S. Ports See Strong Container Imports, but NRF Predicts Summer Slowdown

The Global Tracker Report from the National Retail Federation (NRF) and Hackett Associates indicates that U.S. container imports will likely remain strong through spring but may record a year-over-year decline in the summer. Retailers are frontloading goods due to concerns about new tariffs on Chinese imports, which have already doubled from 10% to 20%, with

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Press

Shipco Transport Celebrates 5th Anniversary in Kingston, Jamaica

[Kingston, Jamaica] – Shipco Transport, one of the world’s leading neutral NVOCCs, is excited to announce the five-year anniversary of its office in Kingston, Jamaica, in January 2025. Since its inception, the branch has focused on a single objective: to set a new standard for customer service and operational excellence in the shipping industry while maintaining

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Articles

Trans-Pacific and Asia-Europe Trades See Initial Capacity Reductions

Global container freight demand has not shown signs of improvement and continues to drive a downward trend in rates, according to market indices. Drewry’s composite World Container Index (WCI) for March 6, 2025, decreased -3% per 40ft container, led by a -9% decline in the Pacific trade rates. This marks the lowest level observed since

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Articles

Trade Conflicts Grow as U.S. Imposes New Import Duties

The U.S. has imposed tariffs of 25% on all goods from Mexico and Canada starting March 4, 2025. The measure comes following a one-month delay during which negotiations with the two countries took place. Additionally, duties on Chinese goods have also doubled, increasing from 10% to 20% Canada immediately implemented a 25% tariff on U.S. imports worth

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Articles

Container Shipping Market Faces Downturn and Volatility in 2025

Panelists at the Journal of Commerce’s TPM25 conference indicated that the container market is facing a downturn in 2025, warning that it could be worse than previous declines. Parash Jain, the global head of Transport and Logistics Research at HSBC, stated that the market’s decline is already underway and identified several key variables driving this

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Press

Shipco Baltics Bolsters Import LCL Operations, Moves to Expanded Customs Warehouse

[Tallinn, Estonia] — Shipco Transport is pleased to announce the relocation of their customs warehouse in Tallinn, starting March 1, 2025. The move enhances the organization’s LCL import capabilities in the Baltics and beyond, further strengthening its commitment to providing efficient logistics solutions and added value to customers. The new facility offers expanded capacity and

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