Declining Volumes And Blanked Sailings On Transpacific
Ocean freight volumes from Asia to the United States are unsurprisingly declining heavily, as the fallout from recent Trump tariff increases continues. Depending which report you read, China’s US-bound container bookings are down between 30% and 60%, with exports from other Asian countries falling by between 10%-20%. As a result, hundreds of advanced bookings have […]
Trump’s Tariffs Go Live But Rates Paused Except China
President Trump’s global tariffs went live yesterday, but rates above the 10% baseline have been paused for 90 days, except China. Chinese imports are currently levied at 125% after a tite-for-tat battle with the US in the past week, while China has an 84% tariff for American products as things stand. Trump argues that his […]
US Tariff: Potential £2bn Penalty For UK Car Industry
This week, President Trump announced an enormous 25% tariff on the import of cars, which could effectively mean a £2 billion penalty for the UK car industry. The tariff is effective almost immediately on car imports from all over the world, officially being introduced April 2nd. There will also be a 25% tariff on car […]
Hopes Of A Red Sea Shipping Return Vanish
Recent hopes that a return to the Suez Canal shipping route may be on the horizon have vanished, following the return to hostilities in the Middle East. After the Gaza ceasefire came to an end, the US launched air strikes on rebel targets in Yemen before Houthi Rebels carried out attacks on US warships in […]
Captain Arrested After Two Vessels Collide
After two vessels collided in the North Sea this week, off the coast of Hull, the captain of a containership has now been arrested by Humberside Police. One crew member seemingly lost their life when the containership ‘Solong’ crashed into the anchored ‘Stena Immaculate’ on Monday March 10th. Searches to find the merchant seaman […]
Trump Tariffs: The Current Position
It is now more than seven weeks into Trump’s second term in office and the position regarding US tariffs has certainly been moving fast. While the situation remains very fluid, the below summarises the current situation. Canada & Mexico 25% tariffs were announced for each country on 4th February, but within a couple of days […]
US Targeting Chinese Shipbuilding May Impact Ocean
The Trump administration continue to set their sights on China, following news of a recent proposal to introduce fees for ships that were built in Chinese shipyards when they arrive at US ports. The Office of United States Trade Representative (USTR) recently concluded that significant fees should be introduced for loading and unloading China-built ships. […]
Strikes And Congestion Impacting European Sea Ports
Several Northern European sea freight ports are currently witnessing delays in vessel turnarounds caused by port strikes and congestion. Rotterdam port was the subject of a port strike last weekend and further disruption is expected as unions continue to dispute port automation with one of its terminal operators. Ongoing actions, from slowdowns to full out […]
How US Tariffs Are Currently Impacting The UK
While President Trump’s second term in office has only lasted three weeks, there have already been some major adjustments to US tariffs, but which ones impact the UK? Some UK businesses have already been impacted by one Trump imposed tariff amendment and look to be set to be impacted by another. Trump’s executive order to […]
Red Sea Ship Explosion Not Believed To Be Houthi Rebels
The vessel ASL Bauhinia suffered an explosion on board this week while travelling in the Red Sea, but reports now suggest this is not the work of Houthi Rebels. The 2,000 teu containership was just 140 miles south of the port city of Hodeida in Yemen, controlled by the rebel group, which led to immediate […]
