The latest escalation in Middle East tensions has dealt a significant setback to the container sector’s gradual return to the Red Sea, intensifying pressure on already strained global trade corridors. Following the February 28 military offensive on Iran, MarineTraffic reported on X that vessel traffic through the Strait of Hormuz has fallen by 70%. Assessing
The U.S. Airforwarders Association (AfA) has voiced concern following the U.S. government’s imposition of a 10% global import tariff under Section 122 of the 1974 Trade Act. The decision comes after the U.S. Supreme Court invalidated the use of the International Emergency Economic Powers Act (IEEPA) as a legal basis for previous tariff actions, according
The Panamanian government has taken control of the Balboa and Cristóbal ports following a Supreme Court ruling that invalidated the concession held by Panama Ports Company (PPC), a subsidiary of CK Hutchison Holdings (CKHH). The ruling, issued in late January, effectively voided the long‑standing agreement that had granted PPC operational control at both ends of
The U.S. Supreme Court has ruled against the International Emergency Economic Powers Act (IEEPA), invalidating the sweeping tariffs imposed by the U.S. administration on imports under this law. As reported by NPR, the Court held that only Congress has the power to authorize tariffs. According to a report by American Shipper, citing U.S. Customs and
The Port of Los Angeles recorded a 12% year-over-year decline in total cargo volumes in January. Imports declined by approximately 13% year-over-year, and exports declined by 8%. The number of empty containers handled dropped by 12%, an indication of softer demand ahead in Asia for returning containers on the Trans-Pacific route. Port of Los Angeles
Hapag-Lloyd will acquire 100% of ZIM’s shares in a deal worth $4.2 billion. As reported by splash247, the business combination of both companies will secure Hapag-Lloyd’s market position as the fifth-largest container shipping company worldwide. According to Hapag-Lloyd’s press release, the combined company will control more than 400 vessels, with capacity over 3 million TEU,
Despite a year of tariff‑related uncertainty, China’s export engine continues to run at full strength, particularly in the weeks leading up to the Lunar New Year, which begins February 17. This strong pre‑holiday push suggests that U.S. tariffs have not significantly dampened demand. China’s foreign trade grew 3.8% in 2025 compared to 2024, with exports
Import volumes at major U.S. container ports are expected to decline year-over-year through the first half of 2026, according to the Global Port Tracker report released February 9 by the National Retail Federation (NRF) and Hackett Associates. The NRF noted that tariff impacts remain a primary factor influencing U.S. inbound trade. Overall, the report projects
According to reporting from The Maritime Executive, the global containership demolition market is at 20-year lows. Data from Alphaliner indicates that ocean carriers are still holding on to their older vessels. BIMCO has highlighted the significant overhang in container vessel supply due to an extended period of low recycling activity. In its October 2025 assessment,
The International Union of Marine Insurance (IUMI) and the Transported Asset Protection Association (TAPA) EMEA are calling attention to the escalating levels of cargo theft and freight fraud worldwide. Steep increases have been registered across Europe, the Americas, and Africa. Regions such as Latin America and parts of Africa continue to experience severe and often
