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On 10 November 2025, the United States and China each suspended the port fee regimes they had imposed on one another's shipping. The suspension runs twelve months. It expires on 10 November 2026, which is roughly five weeks from now, and there is no guarantee it will be renewed. Most charter parties fixed since then have been written as though the fees do not exist, because at the moment of fixing they did not. If the measures resume, those contracts will be silent on a charg

Two years after Houthi attacks pushed the container trades around the Cape of Good Hope, the largest carriers are transiting the Red Sea again. MSC sent seven boxships through the Suez Canal this month. Maersk returned its MECL service to the trans-Suez route in August, having made its first tentative transit in December. CMA CGM has been running services through the corridor since late last year. What is striking is not that the return is happening. It is how it is happening