US Faces Massive Tariff Refund After Court Strikes Down Trump’s Emergency Duties

On April 2, 2025, invoking the International Emergency Economic Powers Act (IEEPA), former U.S. President [...]

Container Ship OOCL Sunflower Reports Loss of 57 Boxes at Sea 

The 16,828-TEU container vessel OOCL Sunflower lost 57 containers overboard on March 3, 2026, near [...]

Shipping Lines Impose $4,000/FEU Emergency Surcharge Across the Middle East

Escalating geopolitical tensions in the Middle East are pushing Indian exporters into a difficult situation, [...]

MSC Activates “End of Voyage” Clause for Cargo Bound for the Arabian Gulf

MSC has implemented an “End of Voyage” mechanism for all cargo destined for ports in [...]

VLCC Charter Rates Reach USD 424,000 Per Day Following Hormuz Crisis

Charter rates for Very Large Crude Carriers (VLCCs) on the Middle East–China shipping route surged [...]

Conflict in the Middle East: Major Shipping Companies Suspend Operations Through the Strait of Hormuz

Amid escalating tensions following airstrikes between the US, Israel, and Iran, shipping companies are no [...]

Termination of IEEPA Tariffs, Implementation of Section 122 and Expansion on Sections 301 and 232

On February 20, 2026, the Supreme Court issued a definitive ruling that the International Emergency [...]

Reports of an Explosion and Fire aboard the MSC Giada III in the Gulf of Finland

The Liberian-flagged containership MSC Giada III has reported to be exploded while passing through the [...]

MSC Baltic III: Structural damage is worsening, and the ship will take years to dismantle due to harsh weather conditions.

The MSC Baltic III, which ran aground on February 15, 2025, has recently shown signs [...]

Unexpected strong weather hit ‘CMA CGM TIGA’ in Malta: 58 containers dropped into the ocean

The incidents off CMA CGM TIGA demonstrate that there is no risk-free in shipping even when ships ensure [...]