Two Days Before the August 1 GRI, Maersk Cuts Its Peak Season Surcharge FirstExecutive SummaryWith the August 1 General Rate Increase (GRI) still two days away, Maersk has already announced a Peak Season Surcharge (PSS) reduction effective August 3 on Far East–North Europe and Mediterranean

China Pushes Back on "Overcapacity" Section 301 as Combined US Tariff Burden Nears the 20% CeilingExecutive SummaryOn July 28, China's Ministry of Commerce (MOFCOM) released a formal position paper rejecting the US Section 301 investigation into alleged "industrial overcapacity" — the highes

As of July 3, the Shanghai Containerized Freight Index (SCFI) reached 3,326.87 points, marking its tenth consecutive week of gains. This represents a 77.41% increase from the 1,875.26 points recorded on April 24, bringing the index back to its highest level since the pandemic.This round of price inc

Effective July 15, the Suez Canal Authority has increased the temporary transit surcharge for most vessel types, imposing a uniform 12-percentage-point surcharge on top of the current transit fees.The specific adjustments are as follows:Crude oil and refined product tankers: 25% → 37%Empty tankers:

According to reports, two Democratic U.S. senators recently sent a joint letter to the Office of the U.S. Trade Representative, calling for the prompt reinstatement of a previously suspended policy—the “Section 301 Special Port Fee” imposed on vessels built or operated by China.Under the original