Ocean Network Express (ONE) will adjust Trans-Pacific routes from Oct 2025: Premier Alliance suspends PS5 route, optimizes PS4/PS6/FP2/EC2 (port calls changed). Key voyage details & arrival times are included
COSCO Shipping launches new WSA8 route linking China & Mexico via Manzanillo port. Enhances efficiency with direct services, faster transit, and expanded Latin America trade capacity.
Fed¡¯s Beige Book: U.S. prices rise in all districts due to tariffs. Input costs (insurance/utilities) up, firms pass costs to consumers. Consumer spending flat/declining, hiring cautious. NRF predicts 17.5% import drop in late 2025.
Chinese firm CCCC nears completion on Iraq's largest port, Al-Faw. Phase 1 (45M ton capacity) to reshape regional trade & support Iraq's economic diversification under Belt and Road.
Telex Release enables electronic cargo release via B/L info transmission. Faster & cheaper than physical B/L but has security/legal risks. Requires trust between parties.
SCFI index rebounds 2.1% after 11-week decline. US West Coast rates surge 17%, while Europe falls 11.2%. Carriers push September rate hikes amid tariff impacts.
US imposes 50% tariff on Indian goods, causing massive order cancellations, factory shutdowns in leather/diamond sectors, and threatening India's economic growth.
CMA CGM has announced the introduction of the new KILIMA service, which will come into effect in August 2025, aiming to simplify operations and enhance the customer experience.
