UK’s Exemption From Steel Tariffs Hinges On Trade Deal
The UK has temporarily escaped a sharp rise in US steel and aluminium tariffs, but this exemption is conditional.
Court Rules Trump Overstepped on ‘Liberation Day’ Tariffs
A federal court in New York has ruled against former President Donald Trump’s sweeping “Liberation Day” tariffs, finding they were imposed unlawfully under emergency powers.
Transpacific Ocean Freight Rates Surge Due To Tariff Postponement
Following the 90-day tariff pause between the US and China, transpacific ocean freight rates have continued to spiral upwards, even after carriers imposed a General Rate Increase (GRI) earlier this month.
US-China Trade Relations Reset With 90-Day Tariff Suspension
President Donald Trump has announced a “total reset” in trade relations between the United States and China, following a weekend of high-level negotiations in Switzerland.
UK’s New CPTPP Trade Deal Goes Live This Month
The UK's new trade agreement within the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into force this month
Delays Expected After Ningbo Port Explosion
A container explosion at Ningbo Zhoushan Port has led to the terminal being closed and fears of upcoming delays from the Zhejiang Province port.
Delays To Be Expected From Bangladesh
Delays in importing from Bangladesh are likely to be experienced in the next few weeks, after violent protests led to a national internet blackout.
General Average Declared On Vessel’s Maiden Voyage
A fire aboard the containership Maersk Frankfurt continues to rage, almost a week after an electrical short circuit on its maiden voyage, leading to the owners declaring general average.
Record Demand And An Early Peak Season?
According to a recent container trade statistics report, global demand for ocean freight container traffic has recently hit record levels, even surpassing the high demand levels that followed the pandemic.