One of the unexpected outcomes of the Trump's tariff negotiations with China was the reshaping of global trade flows which appear to be trending in China's favour as they export towards other markets. In addition, whilst the global shipping sector reflects a somewhat unexpected resilience, US...
Chinese shipping companies are said to be adjusting their routes and potentially shifting to alliance partners to avoid new US port fees targeting Chinese built, owned or operated vessels. This new fee regime targeting China-linked vessels is scheduled to commence rollout in October 2025. This will...
China has commenced work on a multi-billion-dollar railway through Kyrgyzstan and Uzbekistan that will link China more closely with Europe, bypassing Russia. Whilst both Russia and China continue to be allies and are aligned on the global infrastructure-building Belt and Road Initiative, this rail connection is invaluable should...
The Chinese port of Ningbo-Zhoushan, the world's largest port in terms of cargo throughput, has announced it will create green shipping corridors with 3 European ports: Hamburg and Wilhelmshaven (Germany) and Valencia in Spain. These projects will work in conjunction with shipping lines, cargo owners, energy...
As previously reported in our newsletters, the USA has announced a raft of port fees on Chinese vessels in an attempt to boost America's shipbuilding industry. Given China manufactures over 1000 ships per year whilst the U.S. builds five or fewer, this initiative has been met...
In the latest developments in the trade war between USA and China, reduced tariffs of 30% and 10% have been respectively announced, alongside a rollback on some of the steeper tariffs, giving both sides 90 days to continue negotiations. Regardless of the de-escalation of the trade...
A Trump administration port fee proposal designed to boost the U.S. shipbuilding industry could transform international intermodal traffic, shift some container business to ports in Canada and Mexico, and help Canadian National and Canadian Pacific Kansas City railroads in the process. As mentioned in last month's...
The US has proposed charging up to US$1.5 million for Chinese-built vessels entering the country's ports, starting at $500,000 for a vessel operator whose fleet consists of even just one Chinese-built ship, or that has an existing order with a China shipyard. In addition, a...
Shanghai Port achieved a historic milestone in 2024, becoming the first port worldwide to handle over 50 million TEUs annually, setting a new global record in the history of port container transport and solidifying its position as the world’s busiest container port for 15 consecutive...
According to the Shanghai Containerised Freight Index, spot freight rates between Shanghai and Melbourne dipped to their lowest level since mid-August in the first week of December, reaching 3700FEU. Given the subdued state of the Australian retail economy this decline was anticipated sooner, however rates were...