An explosion occurred at the port of Shahid Rajah in the southern Iranian city of Bandar Abbas, killing 14 people and injuring more than 750.

Yantian Port released its 2024 annual report, achieving operating revenue of 794 million yuan, a year-on-year decline of 11.16%, and a net profit attributable to the parent company of 1.349 billion yuan, a year-on-year increase of 21.74%.

Andrei Severilov, the former chairman of the board of the Russian Far East Maritime Transport Group (FESCO), has recently established a new container shipping enterprise named A7 African Cargo Lines LLC (referred to as A7 ACL).

Cosco Shipping should coordinate with CMA CGM and Evergreen Marine to increase the frequency of trans-Pacific routes to avoid a significant impact on the overall capacity of the Ocean Alliance members.

Due to the unclear impact of the US port fee policy on Chinese shipbuilding, the world's two major container shipping giants are currently pressing the "pause button" for new shipbuilding orders.

PSA International (Singapore International Port Group) is considering selling its 20% stake in Hutchison Ports.

A White House official said that tariffs on Chinese imports might be reduced to about 50% to 65% of the previous level.

Due to the recent tariff policies between China and the United States, several liner companies, including ZIM and T.S. Lines, have recently announced the suspension of some Trans-Pacific routes.

The situation on the Asia-US Gulf and US East Coast routes is even worse. From May 5th to 11th, nine voyations will be cancelled, equivalent to 42% of the weekly capacity of this route.

The AAPA responded to the USTR's final action based on the Section 301 investigation, warning that the shipping industry and consumers still face significant challenges.