The latest Drewry World Container Index (WCI) Index decreased 1% to $1,933 per 40ft container this week. This was primarily due to a decline in rates on the Transpacific and Asia-Europe trade routes. The following trade routes experienced decreases: Shanghai-Rotterdam (-1%), Shanghai-Genoa (-3%), Shanghai-Los Angeles (-1%)...
The Trump administration has released its Maritime Action Plan, which provides a roadmap for the revival of U.S. shipbuilding and other maritime businesses. The plan calls for establishing maritime prosperity zones to bolster investment, reforming workforce training and education, implementing deregulatory measures, expanding the fleet of...
Hutchison Ports (Sydney & Brisbane Terminals) have announced changes to the terms surrounding their Landside and Ancillary Charges, effective from 20th April 2026. These will impact Sydney and Brisbane terminals and include changes to the infrastructure levies, terminal access charges and ancillary fees. These changes have been...
After two decades of negotiations, India and the European Union (EU) have signed a trade deal that will see tariffs reduced across a range of European exports such as wine, spirits, beer and more. This deal will see tariffs on EU wine drop from 150% to...
Customs and Border Protection (CBP) have announced that as of February they will move to electronic refunds which will be issued directly into designated bank accounts using Automated Clearing House (ACH) electronic transfers. Cheque refunds will no longer be available. The move to electronic refunds will...
The sharply correcting container shipping market has resulted in lower earnings as it moves into an overcapacity-driven downcycle. Whilst a large volume of new container vessel deliveries is anticipated to result in oversupply, demand growth remains weak. This combination creates an environment that is likely to...
Blank sailings on major U.S. trade routes have fallen to their lowest level in over a year. Whilst they reached a peak in April 2025, reaching 131 across major US trade routes such as Asia-U.S., China-U.S., and U.S.-China lanes, they dropped to a low of...
According to a recent industry report, the value of South Africa's wine exports declined by 4.7% last year to R9.8bn ($607.6m). The value of exports in US dollars reached $548.5m, a 2.4% decline from the previous year, which is contradictory to 2024 which saw wine...
A trade deal has been reached by the U.S. and India which will reduce U.S. tariffs on Indian goods to 18% from 50% (effective immediately) in exchange for India halting Russian oil purchases and lowering trade barriers. This agreement includes goods such as textiles and apparel,...
Hong Kong-based conglomerate CK Hutchison Holdings (Hutchison) has announced that it will pursue legal action against the Republic of Panama and potentially Maersk if the company continues to manage two Panama Canal ports without its approval. This move intensifies a growing dispute over the strategic...