The JMIC official statement said that the fire on the Hong Kong-flagged container ship "ASL BAUHINIA" in the Red Sea has been officially confirmed to be unrelated to the activities of the Houthi armed forces.

CMA Marine CMA CGM has imposed peak season surcharges on a number of Northern European trade routes to the United States, Canada and Mexico since March 1.

Liner operator ONE and South Korean freight forwarder LX Pantos announced the formation of Boxlinks, a joint venture to provide end-to-end U.S. domestic multimodal transportation services.

Ocean Alliance, Gemini Alliance, Premier Alliance, Mediterranean Shipping, will reshape the new pattern of consolidation market alliance.

China announced a 15 percent tariff on coal and liquefied natural gas from the United States, and a 10 percent tariff on crude oil, agricultural machinery, large vehicles and pickup trucks.

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.

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.

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.

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.

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.