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28 August 2026

Multi-owner tanker order lands at China Merchants

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Source reporting: Splash247

Multi-owner tanker order lands at China Merchants

Four European and Canadian shipowners have teamed up on a fresh four-ship product tanker order in China, taking Furetank’s long-running Vinga series to 26 vessels. Two of the 17,999 dwt newbuilds will go to FureBear, the 50/50 joint venture between Sweden’s Furetank and Canada’s Algoma Central Corporation. Swedish owner Älvtank is taking another, while Norway’s …

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28 August 2026

Asia-US East Coast spot rate climb stalls – but is it just a blip?

Indices appear uncertain how to price spot rates this week, but what seems clear is that the Asia-US East Coast trade’s substantive growth trajectory of recent weeks has hit a bump – the question is whether this is a blip or something more transformative. According to Drewry’s World Container Index (WCI), spot pricing on its Shanghai-New York routing dropped 2% week on week, hitting $9,333 per 40ft, while the traditionally more ... The post Asia-US East Coast spot rate climb stalls – but is it just a blip? appeared first on The Loadstar .

Source: The LoadstarOriginal source

28 August 2026

Detroit despairs as ‘insanity’ of Trump’s Canada trade war punishes city

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Source: The Guardian WorldOriginal source

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28 August 2026

Capacity squeeze looms as Panama Canal restrictions tighten

CMA CGM has postponed its $150 per teu Low Water Surcharge on cargo moving from South America’s west coast through the Panama Canal, where more restrictions on draught and transits are expected. The French carrier had announced the surcharge would take effect on 1 September, but told customers yesterday it was pushing the start date back to 1 October. The charge will apply to all cargo from South America’s west coast to ... The post Capacity squeeze looms as Panama Canal restrictions tighten appeared first on The Loadstar .

Source: The LoadstarOriginal source