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Trump agrees to extend US-China tariff pause for second time amid ongoing trade talks. The United States and China have agreed to extend the suspension of their recent tariff hikes for an additional 90 days, the White House announced on Monday, with Beijing also confirming the truce as both sides work to ease trade tensions….
Maersk CEO Vincent Clerc says that China’s growing exports to Europe, Asia, Africa, and Latin America amid US tariffs might be driving a fundamental reshaping of the global container market. When US President Donald Trump imposed steep tariffs on key trading partners in April 2025 — with China bearing the brunt at a steep 145%—…
A.P. Moller – Maersk is seeing stronger-than-expected cost savings from its new Gemini Cooperation with Hapag-Lloyd, as the alliance continues to deliver high schedule reliability and operational efficiencies. Speaking on the company’s second-quarter earnings call earlier today, Maersk CEO Vincent Clerc confirmed that early data from the Gemini network, launched in February 2025, shows cost…
A.P. Moller – Maersk lifted its full-year outlook after strong second-quarter results, as the container shipping market powered through fears of a trade collapse following April’s US tariff announcements. A.P. Moller-Maersk upgraded its full-year earnings outlook after reporting stronger-than-expected results for the second quarter of 2025, buoyed by strong results in its Terminals division, volume…
South Korean shipping company HMM has ended talks to acquire assets from compatriot SK Shipping, a specialist in bulk and energy transport, after months of negotiations. HMM was named the preferred bidder for the acquisition on January 15, 2025, as part of its diversification strategy to add a bulk carrier fleet to its business portfolio….
Singapore-flagged container ship Maersk Gironde collided with the 6,500 CEU car carrier SFL Composer late on Monday, August 4, near the entrance to the deepwater route at Hatter Barn, off the Danish island of Sejerø. The incident took place at 23:16 while the 4,544 TEU container ship Maersk Gironde, owned by Maersk, was en route…
The service connects Casablanca and Agadir with the UK and the Netherlands, enabling faster fresh produce deliveries to European markets. Samskip has introduced a new shortsea container service dedicated to transporting Moroccan perishable goods, linking Agadir and Casablanca directly with the UK and the Netherlands. The Moroccan Reefer Service offers weekly direct sailings, with integrated…
Matson expects a sharp drop in Ocean Transportation earnings in Q3 2025 year-over-year due to weaker China volumes and subdued peak season demand. US carrier Matson Inc. reported second-quarter net income of US$94.7m, down from US$113.2m a year earlier, as consolidated revenue dipped to US$830.5m from US$847.4m, amid weakening demand on its China service and…
SeaLead has terminated multiple charter contracts after 16 of its operated vessels were named in a fresh US sanctions update targeting Iran-linked shipping. Singapore-based container shipping company SeaLead Shipping has been forced to terminate charter agreements covering almost a third of its operated fleet after 22 container vessels were added to the US Office of…
Singapore-based container shipping company Ocean Network Express (ONE) released financial results for the first quarter of FY2025 (April-June 2025), posting a profit of US$86m, down by 89% from last year’s equivalent of US$779m. The company’s revenue reached US$4.04 billion, down 4% from last year’s US$4.21 billion. “The market in 1Q showed greater volatility when compared…
