CMA CGM in China port deal

The Los Angeles Harbour Commission has approved a US$ 52 million on-dock rail project at Fenix Marine Terminal.

Government imposes 100% tariff on EVs and 25% tariff on some steel products from China.

CMA CGM Air Cargo received its third Boeing 777-200F, expanding the company’s network with a new transpacific route, connecting Hong Kong, Chicago, and Seoul.

Kazakhstan is developing a new trade route from China to Russia via the Irtysh River, with a port and railway planned, aiming for completion by 2026.

Under China’s new subsidy scheme, shipowners can receive financial support for scrapping vessels aged between 15-30 years depending on the vessel type, as well as investing in alternative vessel propulsion.

Severe weather off South Africa’s east coast caused the Maltese-flagged CMA CGM Belem to lose 99 containers, following a similar incident a month earlier.