The transition in global trade dynamics has intensified the demand for multipurpose and heavy-lift vessels, fundamentally transforming the breakbulk shipping sector. This development stems from increasing international infrastructure projects alongside expansions within the energy sector,
CEVA Logistics, a division of the CMA CGM Group, announced a strategic acquisition to strengthen its hold in the Turkish market through a definitive agreement to fully acquire Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi for $440 million. This transaction is subject to customary
Assessing the Impact of New US Tariffs on Chinese Maritime, Logistics, and Shipbuilding Sectors The U.S. Trade Representative (USTR) announced significant tariffs on Chinese maritime, logistics, and shipbuilding sectors, introducing a notable shift in U.S. trade policy. This announcement sparked
The Office of the U.S. Trade Representative (USTR) announced a new policy targeting China-linked ships arriving at U.S. ports starting October 14. Vessels built in China or owned by entities connected to the country will incur fees ranging from $18 per net ton to $120 per container, with exceptions
The maritime industry is at a crucial juncture, as challenges posed by unilateral regulatory frameworks and geopolitical shifts necessitate unified and consistent global legislation. In response, the International Chamber of Shipping (ICS) and the Comité Maritime International (CMI) have launched a
French logistics giant CMA CGM Group has unveiled bold plans to expand its presence in the United States market through a substantial increase in its air cargo capacity. Part of this strategy includes creating a new air cargo hub at Chicago O'Hare International Airport (ORD), which is a critical
