The United States is preparing to impose substantial fees on ships associated with China, aiming to revitalize its struggling domestic shipbuilding industry and counter China’s growing dominance in global maritime trade. A draft executive order proposes levying fees on vessels docking at U.S. ports if they are part of a fleet that includes Chinese-built... Read more »
In recent months, the container shipping industry has encountered a perfect storm of challenges, resulting in significant disruptions and increased costs for shippers worldwide. A confluence of factors, including ongoing Red Sea diversions, Asian port congestion, and sudden demand spikes, has created a volatile environment reminiscent of the tumultuous period experienced during the pandemic.... Read more »
In a recent development, major shipping companies like Denmark’s Maersk and Germany’s Hapag-Lloyd have announced the continued avoidance of the Red Sea route, a crucial passage for accessing the Suez Canal. The decision follows a weekend attack on one of Maersk’s vessels by Yemen-based Houthi militants. The ripple effects of these disruptions pose significant challenges... Read more »
