A ceasefire deal brokered by Oman between the U.S. and Yemen’s Houthi forces has raised cautious optimism for the shipping industry. Under the agreement, Houthi groups will stop attacking vessels in the Red Sea and Bab al-Mandab Strait. However, they have stated that their campaign against Israel will continue. Security experts warn it is too
India and Pakistan have imposed mutual bans on cargo transiting through their respective ports . This follows the April 22 attack involving tourists in Kashmir. India’s full cargo ban on all goods originating in or exported from Pakistan took effect on May 2. Pakistan countered with a similar ban, allowing only pre-cleared shipments already in
The container shipping industry faces deep uncertainty amid a weakening global trade outlook. The International Monetary Fund (IMF) revised its U.S. GDP forecast for 2025 to 1.8%, down from 2.7%. The World Trade Organization (WTO) also expects global merchandise trade to shrink by -0.2% this year. Maritime analyst Drewry has downgraded its global port throughput
According to the Port of Los Angeles, import volumes are expected to drop by 35% starting the week of May 5th. CNBC reported Gene Seroka, the port’s executive director, saying this was due to the impact of tariffs on Chinese goods and explained that many large U.S. retailers have halted shipments from China in response
The Port of Rotterdam retained its position as Europe’s largest port in Q1 2025, although the combined ports of Antwerp-Bruges handled more containers. Rotterdam’s total volumes dropped by 5.8% to 103.7 million tons. The drop was due to reduced activity in tank and dry bulk. Container throughput rose 2.2% year-over-year, but overall container tonnage declined
A significant wave of blank sailings is set to impact Asia–U.S. container trade lanes, with U.S. East and Gulf Coast services facing the sharpest cuts. Sea-Intelligence reports nine canceled sailings on the Asia–U.S. East Coast route during May 5–11, reducing capacity by 42%. The U.S. West Coast will have 10 blank sailings from April 28
[Chatham, NJ] – In honor of International Mother Earth Day on April 22, Shipco Transport is proud to announce the sponsorship of planting over 2,200 trees for our Shipco Transport employees worldwide. This initiative is a heartfelt thank you to our dedicated teams for their unwavering support of our sustainability mission. Shipco Transport has partnered
IATA is standing by its air cargo forecast of 6% growth in 2025, despite speculation about the resumption of shipping through the Red Sea. Speaking to Air Cargo News at the IATA World Cargo Symposium (WCS), IATA director general, Willie Walsh, said there would not be a significant impact on air cargo. Walsh emphasized that
The global ocean freight market is facing a fraught outlook in 2025, a new DHL update finds, characterized by economic headwinds, geopolitical tensions and industry restructuring. Global economic growth is projected to slow to 2.5% in 2025, the weakest since 2009 outside of the pandemic. But even in this tough climate, container trade remains resilient.
The European Union is moving to tighten controls on plastic pellet transport to combat rising microplastic pollution. These tiny plastic pieces, used to make everyday plastic items, often spill during transport and end up in oceans. Each year, up to 7,300 truckloads of pellets are lost into the environment. In 2022, approximately 38% of all plastic