Logistics News
- Shipping Rates Soar 每 June Peaks Hit $6,000/FEU as Carriers Roll Out Massive SurchargesMajor carriers have announced steep rate hikes on US routes, with June rates reaching $6,000+/FEU as peak season demand collides with tariff uncertainty.Confirmed Carrier IncreasesCarrierEffective DateRate Hike (40＊)New Total Rate (40＊)MatsonMay 22+$1,5005,200每5,200每5,800 (China↙US)MSCJune 1+1,600每1Logistics News May 16, 2025
- Guangzhou Port Extends Free Storage Period to 30 Days to Boost Foreign TradeExtended Free Storage for North America-bound Export ContainersPeriod: May 15 每 July 31, 2025Eligible Cargo: Standard dry containers (excludes hazardous goods, reefers, OOG, and heavy-lift cargo)Benefit: Free storage period extended to 30 days at Nansha PortFlexible Container Entry & StorageNo timeLogistics News May 15, 2025
- Shipping Rates Surge: Carriers Impose GRIs Up to $3,000 as Peak Season LoomsKey Developments:Major GRIs Announced:$1,000/FEU: ONE$2,000/FEU: CMA CGM, Yang Ming, ZIM$3,000/FEU: COSCO, HMM, Hapag-Lloyd, EvergreenEffective May 15:June 1: All 7 carriers will reapply identical GRIs.Tariff-Driven Demand Spike:US-China tariff cuts (115% reduction) + 90-day grace period trigger earLogistics News May 14, 2025
- Trade War Shipping Showdown: Why US & Europe Rates Are DivergingUS-West Coast rates hold at 2,790/FEU while Europe plunges to 2,130/FEU〞a 52% vs 8% drop since January. Trump's tariffs and blank sailings reshape global freight dynamics.Logistics News May 12, 2025
- Trump Announces Sudden Ceasefire with Houthis 每 What It Means for Global ShippingPresident Trump declared a US-Houthi ceasefire on May 6, potentially reopening Red Sea routes. If confirmed, this could release 1-2M TEU of capacity currently diverted via Africa.Logistics News May 09, 2025
- Major Explosion Rocks Iran's Top Commercial Port 每 Key Shipping Hub ParalyzedA catastrophic explosion at Iran's Shahid Rajaee Port (handling 55% of non-oil trade) has killed 14, injured 750+, and triggered emergency shutdowns. Critical updates on chemical risks, China casualties, and global supply chain impacts.Logistics News April 28, 2025
- A New Face Among the World＊s Top Ten Container PortsThe global ranking of the top ten container ports has welcomed a new contender. In 2024, Port Klang achieved a record-breaking throughput of 14.64 million TEUs (twenty-foot equivalent units), marking a 4.1% year-on-year increase. This milestone positions the Malaysian port to potentially enter the gLogistics News February 20, 2025
- How CMA CGM is Expanding Its Footprint in Egypt with Strategic Dry Port AcquisitionDuring French President Macron＊s visit to Egypt, CMA CGM announced the acquisition of a 35% stake in October Dry Port, strengthening its logistics network. The move complements its existing operations in Alexandria and the upcoming Sokhna terminal.Logistics News April 17, 2025
- How Brazil＊s New Mega-Port Will Reshape Latin American ShippingBrazil has begun construction of Porto Central, Latin America＊s largest container terminal, featuring 20m-deep berths for 24,000 TEU vessels. The project aims to cut logistics costs by 30%, boost Brazil＊s global trade competitiveness, and create 12,000 jobsLogistics News April 17, 2025
- Breaking: US Tariffs on Chinese Goods Soar to 145% - Shipments Plunge, Cargo Abandoned!Key UpdatesNew Tariff Rate: 145% (125% "reciprocal tariff" + 20% existing fentanyl-related duties)Effective Immediately: Applies to all Chinese imports, retroactive to shipments not cleared by May 27.Global Impact: US grants 90-day tariff pause for 75 trading partners (rate cut to 10%), but singlesLogistics News April 11, 2025