Container liners cancel China-to-US shipments as Trump’s trade war roils shipping industry

Quick Summary:

US has slapped 145 per cent tariffs on China imports, with similar retaliatory measures from Beijing.

The cost of shipping a 40-foot box from Shanghai to Los Angeles – port nodes on either side of the Pacific – hit the lowest since 2023 in late March, according to data from Drewry Shipping Consultants, a maritime advisory firm.

Among signs of disruption are plunging fees, fewer services and a pall of uncertainty over what for decades has been one of the main maritime highways of the global economy, carrying manufactured goods and vital commodities.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongSwitzerland

Topics: Container Cent Shipments Shipping Uncertainty Group China Fees Been Global Trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 10:25:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 633 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28458458

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