CARGO LOSS: About 50 containers at the stern of the ‘Ever Lunar’ cargo ship went overboard, prompting the temporary closure of the port and disrupting operations

Summary
Deal underscores China-US battle for global maritime influence
China pushing state shipping giant COSCO as investor, sources
U.S. likely to oppose COSCO's involvement, analyst
Regulatory approval could take years, analysts

Summary: Container spot rates, especially on the Asia–U.S. West Coast route, surged into early June—Shanghai Containerized Freight Index (SCFI) peaked near $6,000/FEU, up from the typical $5,000–$5,500 range. However, analysts suggest this may be the peak: Drewry forecasts cooling as cargo volumes front‑loaded ahead of U.S. tariff deadlines begin clearing, and capacity increases from carriers weigh on rates

Evergreen Marine (2603) held a shareholders meeting today (29). The company said that after the US and China reached a 90-day tariff agreement, US line booking demand surged, driving up spot market freight rates. It is expected that space and cargo volume will return to previous levels by the end of June. Although Q3 is the traditional peak season, the market is still full of uncertainty. It will continue to strengthen operational resilience and competitiveness and flexibly respond to changes.

The World Trade Organization (WTO) has issued a warning that container trade is experiencing capacity restructuring and market uncertainty, and global trade volume will decline this year (2025).

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A full-scale trade war between China and the US is in prospect after President Donald Trump imposed 125% tariffs on Chinese goods imports.
China has retaliated by hiking its tariffs - or taxes - on goods imported from America to 125%.
What does this escalating trade conflict mean for the world economy?

The International Maritime Organization (IMO) reached a landmark agreement on a global emissions standard for the shipping industry. Starting in 2028, ships emitting CO₂ above set thresholds will face significant fees: $380 /ton for exceeding the main limit, plus an extra $100 /ton for breaching stricter standards. Emission targets include an 8% reduction by 2030 and 30% by 2035 (stricter targets are 21% by 2030 and 43% by 2035). Credit trading between under‑ and over‑performing vessels is allowed. Despite some opposition—from the U.S. and emerging economies—a majority supported the plan, expected to generate up to $40 billion in fees aiding the shift to zero‑emission fuels.