Tariffs are driving global markets into recession, succumbing to the inevitable supply and demand imbalance as carrier capacity rises and demand diminishes. Shipping lines are struggling to maintain a balanced trade, having already withdrawn some 434,000 TEUs of Pacific capacity in week 16, with more cuts to come on 1 May, according to Hong Kong […] The post Recession looms as tariffs turn trade upside down appeared first on Container News.

South Carolina Ports (SC Ports) handled 240,857 TEUs in March, representing an 11% growth over the same month last year. This is the second consecutive month of stronger container volumes, according to the SC Ports announcement. Rail-served Inland Ports in Greer and Dillon also performed well last month. Inland Port Greer handled 19,291 rail moves, […] The post SC Ports sees container volume growth for second consecutive month appeared first on Container News.

Lithuania’s Port of Klaipeda delivered a record-breaking performance in the first quarter of 2025, with its container sector leading the surge. Container throughput reached 2.2 million TEUs during the first three months of the year—a 33% increase compared to the same period in 2024. This marks the highest quarterly container handling volume in the port’s […] The post Port of Klaipeda sets new container throughput record in Q1 appeared first on Container News.

Ocean Network Express (ONE) has reported exceptional financial results for the fiscal year ending 31 March 2025, marking a period of significant growth across all key performance indicators. The Singapore-based shipping company recorded a staggering 336% year-on-year increase in net profit, reaching over US$4.2 billion. At the same time, earnings before interest and taxes (EBIT) […] The post ONE surpasses US$4.2 billion annual profit amid expanding container vessel fleet appeared first on Container News.

French shipping company CMA CGM has announced the implementation of new Peak Season Surcharges (PSS) on cargo shipments from North Europe and the Mediterranean to destinations across Latin America and the Caribbean. Effective from 1 June, the Marseille-based carrier will apply a PSS of USD/EUR 150 per TEU on all types of cargo transported from […] The post CMA CGM applies new PSS from North Europe & Med to LATAM & Caribbean appeared first on Container News.