Freight Forwarders
- Ocean Rankings: Sinotrans (4.87M TEU) maintained No.1 globally; Ningbo Port SE Logistics entered top 10 (9th). 15 Chinese firms in TOP50.
- Policy Impact: U.S. de minimis rule termination (May 2) increased costs for SME forwarders, accelerating shift to overseas warehouses.
Shipping Lines
- Fleet Capacity: Global fleet reached 7,300 vessels (32.2M TEU). MSC dominated with 6.56M TEU (20.35% share).
- New Routes: Maersk launched ASAS2 service (May 14), doubling Santos port calls and boosting capacity 25%.
- Rates & Fees: Hapag-Lloyd/Maersk imposed PSS up to $2000/40ft; CMA CGM levied low-sulfur surcharges for Mediterranean ECA compliance.
Air Cargo ✈️
- Volume Drop: Asia-N. America air cargo down 10.7% YoY; China-U.S. e-commerce shipments plunged 43% due to U.S. tariffs
- Airlines Performance:
- China Eastern: Cargo RTK +10.58%, international volume +13.45%.
- China Southern: Cargo RTK +9.24%, added 4 aircraft (incl. 1 C919).
Policies & Events
- U.S. Tariffs: De minimis exemption canceled for China/HK from May 2, triggering up to 145% duties on sub-$800 parcels.
- EU Retaliation: Aluminum tariffs on U.S. goods effective May 15.
- ISL Expo 2025: Held in Shanghai (May 21-23), featured multimodal logistics and attracted 300+ exhibitors.