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PortMiami strengthens regional trade ties at Expo Jamaica 2025
PortMiami strengthens regional trade ties at Expo Jamaica 2025 PortMiami has wrapped up a successful showing at Expo Jamaica 2025, further solidifying its role as a vital link in U.S.-Caribbean trade and logistics.Held from April 3...
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U.S. Importers Strategize and Brace for Tariff Impacts
A 10% universal tariff and country-specific duties on U.S. imports will take effect on April 5 and April 9, respectively. Consequently, this is pressuring shippers to re-evaluate their supply chain strategies with some rushing to...
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Change In Procedure For Cargo Entering The E.U.
Effective April 1st, 2025, the procedure for cargoes entering into and via the European Union (EU) will change. Shipco would like to communicate the required mandatory information for all cargo discharging, transiting (FROB - Freight...
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New capacity coming to Asia-Mexico trade despite recent rate pressure
Seven regional carriers based in Asia have teamed up to introduce a new weekly express service between Asia and Mexico, adding at least 15,000 TEUs of capacity to the growing trade. In the first nine...
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US could bar ships from countries seen to be creating maritime chokepoints
The U.S. Federal Maritime Commission (FMC) is investigating global shipping chokepoints, examining whether foreign laws, regulations, or practices are disrupting U.S. trade. The international shipping lanes under review are the English Channel, the Malacca Strait,...
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Container market downturn creating ‘new era of volatility’
Panelists at the Journal of Commerce's TPM25 conference indicated that the container market is facing a downturn in 2025, warning that it could be worse than previous declines. Parash Jain, the global head of Transport...
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Asia-Latin America Trade Capacity Doubles in Three Years
Deployed capacity on the Asia to Latin America trade lane has more than doubled on a quarterly basis in the past three years. According to data from MDS Transmodal, deployed capacity exceeded 2 million TEUs...
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IMF Lowers Global Trade Growth Forecasts for 2025 – 2026
The International Monetary Fund (IMF) has revised its global trade growth projections downward in their January 2025 World Economic Outlook (WEO) report. According to Sea-Intelligence, the IMF projected that global trade growth is expected to...
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Global Container Volumes Increased by 10.7 Million TEU in 2024
In 2024, the container market surpassed growth expectations, with volumes increasing by 6.2% and demand for teu-miles rising by 21%, according to Sea-Intelligence. This surge was largely due to the Red Sea crisis, which forced...
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U.S. Sets 10% Tariff on Chinese Goods, Delays Tariffs on Canada and Mexico
The 10% tariff on all Chinese imports into the U.S. took effect on February 4, covering broad categories of goods including consumer items like electronics, clothing, and shoes. Trade groups like the American Association of...
