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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...
24 February 2025 -
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...
18 February 2025 -
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...
10 February 2025 -
Tariff Concerns Persist Amid Trans-Pacific Rate Slide
Trans-Pacific container rates have decreased as manufacturing and logistics operations in China wound down in anticipation of the Lunar New Year holiday, which began on January 29. In the week ending January 24, Asia-U.S. West...
5 February 2025 -
Global ocean volume in Q3 beat pandemic record: Blue Alpha Capital
Global container shipping hit a record in Q3 2024, moving 47 million TEUs which is 2% higher than the previous peak set during the pandemic period in 2021, according to John McCown of Blue Alpha...
25 November 2024 -
Will Container Shipping Face Overcapacity in 2025
Container shipping faces potential overcapacity according to market outlook assessments. S&P Global reported that carriers expect a 9% growth in capacity against a 3% rise in cargo volume in 2025. BIMCO’s forecast indicates capacity could...
12 November 2024 -
Containers lagged ocean shipping gains in 2023 UN report finds
Global maritime trade rose 2.4% in 2023 to 12.3 billion tons. According to the Review of Maritime Transport 2024 released by the United Nations Trade and Development (UNCTAD), shipping volumes are forecasted to grow 2%...
28 October 2024 -
Decarbonization Efforts Could Force Shift in Deep-sea Shipping
Tim Power, MD of Drewry Shipping Consultants, told delegates at the World Ports Conference in Hamburg that new regulations to decarbonize shipping could severely impact deep-sea shipping sectors. He cited a prediction by class society...
14 October 2024 -
The Caribbean Shipping Association (CSA) 54th AGM & Exhibition 2024
Representatives of RSD Shipping Agency Jamaica LTD were in attendance at the Caribbean Shipping Association (CSA) 54th Annual General Meeting, Conference & Exhibition held in St. Maarten, October 7-8, 2024.Included in our pics, are other...
14 October 2024 -
Fifth Anniversary Message
Valued clients, partners, and my esteemed team at RSD Shipping Agency. It is truly a great honour to celebrate this incredible milestone—our 5th anniversary. Five years ago, we set out with a vision to build...
3 October 2024