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Pause in China-US trade war complicates shipper options

An agreement between Chinese and US negotiators to reduce tariffs by 115% and hold fire in their trade dispute for 90 days has further complicated shippers’ logistical choices, as carriers also consider the outcome of the weekend’s discussions in Switzerland.

US Trade Secretary Scott Bessent and China’s Vice Premier He Lifeng were locked in negotiations over the weekend following the ramping up of rhetoric over trade and tariffs in the last few weeks that saw import duties of 145% imposed on...

https://container-news.com/pause-in-china-us-trade-war-complicates-shipper-options/

CMA CGM’s U.S. Cargo Halved by Trade War; Tariff Truce Offers Brief Respite

CMA CGM has seen its cargo volumes to the United States cut in half since the onset of the U.S.-China trade war, according to Rodolphe Saadé, CEO of the French shipping giant.

Speaking in the French Senate on May 12, Saadé underscored the significance of the current tariff truce between Washington and Beijing.

CMA CGM, alongside Danish rival Maersk, has been among the hardest hit by the wave of protectionist measures initiated during the Trump administration—policies that continue to impact...

https://container-news.com/cma-cgms-u-s-cargo-halved-by-trade-war-tariff-truce-offers-brief-respite/

Record cocaine haul in Busan port

More than 700 kilos of cocaine were seized on 10 May by Korea Customs from a container on a ship operated by Hapag-Lloyd, making it the largest haul of the drug in South Korea’s Busan port.

Korea Customs announced on 12 May that 720 kilos of cocaine with a street value of KRW 360 billion (around US$255 million) was confiscated after its inspectors boarded the vessel shortly after it arrived in Busan North Port on 10 May.


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https://container-news.com/record-cocaine-haul-in-busan-port/

Yang Ming nears US$1.4 million in Q1 revenue

Taiwanese shipping company Yang Ming reported total revenues of US$1.38 million in the first quarter of 2025, while container volumes between China and the United States have been significantly impacted due to tariff-driven trade policies.

The United Nations Conference on Trade and Development (UNCTAD) and the International Monetary Fund (IMF) have revised their 2025 global economic growth forecasts downward to 2.3% and 2.8%, respectively, while Drewry and Clarksons have also revised their...

https://container-news.com/yang-ming-q1-revenue/

MSC Antonia grounding tied to escalating GPS jamming near Jeddah

Three days after running aground off the coast of Jeddah, Saudi Arabia, the 7,000 TEU container ship MSC Antonia remains stranded in the Red Sea.

Maritime tracking data indicates the vessel likely fell victim to GPS spoofing, which is an increasingly common cyber threat in the region.


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According to maritime intelligence firm Windward, analysis of vessel movements revealed clear spoofing patterns that led the ship to run aground near the Eliza...

https://container-news.com/msc-antonia-grounding/

Container shipping holds its breath amid US-China tariff ceasefire

The United States and China entered a 90-day ceasefire, suspending key tariff measures and laying the groundwork for renewed economic dialogue.

Since the inception of the US-China trade war, the container shipping industry has borne the brunt of uncertainty.

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https://container-news.com/container-shipping-holds-its-breath-amid-us-china-tariff-ceasefire/

Feeder ships outpace larger vessels in investment returns

Consultancy Arthur D. Little said that feeder vessels are now generating a better return than large container ships. The return on investment (ROI) of the feeder sector is 17-23%, compared with 7-12% for boxships of up to 24,000 TEUs.

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https://container-news.com/feeder-ships-outpace-larger-vessels-in-investment-returns/

U.S. and China slash tariffs in major trade breakthrough

The United States and China have agreed to suspend the majority of tariffs on each other’s goods, signaling a significant easing of trade tensions between the two largest economies in the world.

As part of the new trade deal, “reciprocal” tariffs will be reduced from 125% to 10%. However, the U.S. will maintain its 20% tariffs on Chinese imports related to fentanyl, keeping the overall tariff level on Chinese goods at 30%.

This agreement follows a series of high-level trade negotiations held over...

https://container-news.com/u-s-and-china-slash-tariffs-in-major-trade-breakthrough/

Maersk unveils new container design in its signature blue

After more than 50 years of using grey containers with white lettering, Maersk is updating the look of its dry containers to reflect a more modern and distinctive brand identity.

The Danish shipping giant will now manufacture its dry containers in Maersk blue, featuring white lettering.

This redesign will apply exclusively to new containers, as repainting the existing fleet would be prohibitively expensive—each unit would require approximately 90 litres of paint.

Maersk has already placed an order...

https://container-news.com/maersk-new-container-design/

Clarksons: Tariffs could see negative growth for container shipping

Clarksons has warned that container shipping demand could regress if the US-China tariff war continues beyond this quarter.


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