CMA CGM gains regulatory approval to acquire controlling share in Santos Brasil, which owns South America’s largest box facility

Increasing overcapacity will only add to trade war pain

Global container demand saw a significant downturn in February, exceeding the usual decline expected during the Chinese New Year period. Although overall year-to-date volumes remain slightly ahead of last year, the slowdown in growth is concerning. The Asia-Europe and transpacific trades showed resilience, but much of the latter’s growth is attributed to front-loading ahead of US import tariffs

DFDS’s Torben Carlsen lambasts current failings of the ETS process, which he says has become merely a revenue generator for the EU. Without effective reinvestment, the shipping sector risks being disadvantaged in its decarbonisation efforts, he told the European Shipping Summit

Nobel laureate and US economist Paul Krugman predicts tariffs on nearly all global trade could rise to 25% by this time next year as a result of trade war escalation

EU commissioner pledges to work closely with the shipping industry in crafting the crucial framework underpinning its Sustainable Transport Investment Plan and European Industrial Maritime Strategy. The declaration was welcomed by Europe’s shipowner association ECSA