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Panama to withdraw from Belt and Road Initiative in 2027

Trump gets his way, Panama to withdraw from Belt and Road Initiative by 2027

2025-02-05

Panama has decided not to renew the Belt and Road Initiative mou signed with China in 2017, and plans to scrap the relevant agreements directly before they expire in 2027 and 2028, promising free passage of US warships through the Panama Canal.

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Vessels from these three countries are at higher risk in the Red Sea

2025-01-26

The Houthis' pledge to end attacks on shipping is contingent on a ceasefire between Israel and Hamas, which poses a risk to ships if either side violates it, actual or perceived.

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In response to Trump's tariffs, well-known freight forwarder DB Schenker took action

2025-01-26

Db Schenker sees a growing demand from customers to establish a presence in the region around China in order to expand their presence and future-oriented business in Asia.

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Maersk responded to continue circling the Cape

2025-01-26

The safety risks for commercial vessels passing through the Red Sea and the Bab el-Mandeb Strait remain high, and Maersk will continue to choose to bypass Africa via the Cape of Good Hope until the Bab El-Mandeb Strait is safe for navigation.

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Operations began to resume in Texas on Wednesday

Texas, which was closed due to the storm, began to resume operations on Wednesday

2025-01-24

Several ports in Texas began resuming operations on Wednesday after winter Storm Enzo left the state. The ports of Houston and Galveston were scheduled to reopen to ship traffic later in the day.

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CMA CGM has ordered 12 dual-fuel container ships from HD

2025-01-24

French container shipping giant CMA CGM has placed an order for 12 15,500TEU LNG dual-fuel container ships with South Korean shipbuilder HD Hyundai Heavy Industries.

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Union Pacific's fourth-quarter profit rose 7%

2025-01-24

Union Pacific reported net income of $1.8 billion for the fourth quarter of 2024, up from $1.7 billion a year earlier, as higher rail freight volumes fueled record profits.

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Tianjin Port opened a new route for foreign trade exports to Mexico

2025-01-24

More than 500 domestic brand goods vehicles sailed from the ro-RO terminal company to Mexico, marking the opening of a new route for foreign trade export to Mexico at Tianjin Port.

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The crew of the Galaxy Leader has finally been freed after being held captive for 430 days

2025-01-24

The Houthis in Yemen have announced the release of the 25 crew members of the Galaxy Leader, which they had been holding captive. The decision was made through mediation between Oman and Hamas in support of a ceasefire in Gaza.

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Freight rates are expected to bottom out in late March and early April

Freight rates continue to decline and are expected to bottom out in late March and early April

2025-01-24

The large container shipping companies of the shipping Alliance have recently notified the adjustment of the actual price of the United States West, United States East and Europe lines - the ratio of long contract price and spot price.

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