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Container port at sunset with cranes and stacked shipping containers along the waterfront

Container shipping rates crash back to pre-crisis levels

Container shipping rates have collapsed to December 2023 levels, erasing two years of crisis-driven gains as carriers face mounting overcapacity, tariff pressures, and a record orderbook threatening further market deterioration

A red bench on a pier with waves crashing behind it under a cloudy sky, symbolizing turbulence and uncertainty

Decks and Deals Weekly #11

Global shipping markets endured another week of volatility between September 20–27, as UNCTAD delivered sobering forecasts, Chinese shipyards defied US sanctions, and container rates plummeted ahead of Golden Week holidays

View from a container ship’s deck, representing the tension between growth optimism and looming global shipping oversupply

Shipping oversupply and the tempest no one sees coming

James Lightbourn warns of shipping oversupply catastrophe reminiscent of 2008 housing crisis, yet industry giants like Maersk report resilient demand and soaring profits, creating fascinating divide among maritime analysts

U.S. Navy and Coast Guard ships, including an uncrewed surface vessel, navigate the strategically vital Strait of Hormuz, a region of heightened military presence and geopolitical significance due to Iran's proximity and influence

At the heart of global oil–The indispensable Hormuz Strait

The strategic significance of the Hormuz Strait, as detailed by Port Economics, Management and Policy in their work by Theo Notteboom, Alfred Baird, and Jean-Paul Rodrigue, remains an undeniable force in global maritime affairs

The MV COSCO Sheng Shi, a Pure Car and Truck Carrier (PCTC), docked at the Piraeus Port car terminal in Greece, launching a new regular vehicle shipping service between China and Europe

China’s car carrier diplomacy docks in Piraeus

The arrival of the MV COSCO Sheng Shi in Piraeus marks more than a shipping milestone. It cements the port’s role as China’s European vehicle hub—and thrusts Greece deeper into the storm of great-power competition

A large CMA CGM container ship, Bougainville, sails across the open sea with stacks of blue shipping containers on board. The vessel’s deep blue hull contrasts with the cloudy sky, emphasizing its imposing presence. This French-owned cargo giant represents one of the world’s leading shipping companies, now considering U.S. shipbuilding to sidestep impending tariffs on China-linked vessels

CMA CGM, Trump’s tariffs, and China’s counterpunch

A French shipping giant, a U.S. president with a penchant for tariffs, and a Chinese government ready to strike back—this isn’t the plot of a maritime thriller, but the latest high-seas power play shaking global shipping