Freight rates on the West Coast and East Coast of the United States continued to decline by 3.51% and 2.61% respectively, while those on the Europe and Mediterranean routes dropped by 7.19% and 1.68% respectively.

Trump signed an executive order to suspend the increase in tariffs on Chinese goods due to China's purchase of Russian oil.

Due to the dynamic changes in global trade and the reduction in demand, the container transportation volume at the Port of Auckland decreased by 10.1% month-on-month and 12.8% year-on-year in June.

Matson has suspended the transportation of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), citing the fire hazard of the batteries.

SCFI dropped 86.39 points to 1,649.9 points, with a weekly decline of 4.98%. Freight rates on all four major routes declined, among which the freight rate on the Far East to the East Coast of the United States dropped by more than 10%.

Container shipping enterprise CStar Line will launch a new route FRS1 connecting China and the Red Sea. The maiden voyage is scheduled for July 26th, and the first vessel is the 1,831 TEU CSTAR VOYAGER.

Due to the tense situation in the Red Sea, the country's important port, the Port of Eilat, has fallen into a debt crisis and will be permanently closed on July 20th.

The China Securities Regulatory Commission has approved the share swap and absorption merger of China State Shipbuilding Corporation and China Shipbuilding Industry Corporation.

Under the guidance of the Shanghai Maritime Safety Administration, the Yangshan Port Maritime Safety Administration successfully cracked the first case of forged inspection certificates for mobile tank containers at the Port of Shanghai.

Major European ports are experiencing a congestion crisis. Ports such as Rotterdam, Antwerp and Hamburg are experiencing persistent congestion, with the average waiting time for ships climbing to 66 to 77 hours.