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International trade
China opens a new maritime route to Europe, cutting transit time to 20 days
On Saturday, the container ship Dubai Tower set sail for Northern Europe. The journey will take around three weeks, compared with approximately five to six weeks via the Suez Canal and up to seven...
Incidents
Hurricane Lala hits Hawaii, leaving thousands without power
Hawaii came under the impact of Hurricane Lala, which passed close to the southern part of the Big Island. The storm brought torrential rain, strong winds and dangerous waves. Authorities warned residents about possible...
Transport and shipping
A Chinese cruise ship carrying 4,600 passengers has set off on its maiden voyage
On August 13, the Chinese cruise liner Adora Magic City embarked on its first international route, departing from Shenzhen for Vietnam. Approximately 4,500 passengers are on board. The voyage marks an important milestone in...
Incidents
Zimbabwe Ferry Disaster Leaves 84 Dead and 77 Rescued
Death Toll Rises to 84
The number of people killed when a passenger ferry capsized on Zimbabwe’s Lake Kariba has risen to 84. Police announced the updated figure on August 16 after another 12 bodies...
Regulators and laws
Iran War Pushes Contract Rates Up 41% and Spot Rates Up 287%
Long-Term Contracts Are Absorbing the Crisis
Almost six months of Middle East supply chain disruption have caused a substantial increase in long-term container freight rates. Carriers have gained greater negotiating power and are transferring costs...
Business
US May Order Initial Ships in Three Classes From Foreign Shipyards
Trump Orders Reform of Navy Shipbuilding
US President Donald Trump signed a memorandum on August 13 directing major changes to the construction and repair system used by the United States Navy. The White House expects...
Regulators and laws
Brazil Opens Reciprocity Process Over US Tariffs of Up to 37.5%
Brasília Seeks Consultations With Washington
The Brazilian government opened a process on August 13 that could result in reciprocal trade measures against the United States. The decision came in response to new US tariffs imposed...
Business
Maersk and Hapag-Lloyd: 15 Years of Underinvestment Threaten Cargo Delays
Freight Demand Continues to Grow
Demand for international transportation remains resilient despite the Middle East conflict, changes in US tariff policy and disruption along major trade routes, according to comments by the heads of Maersk...