Xeneta sees Red Sea returns could free up global container capacity and pressure freight rates heading into 2027.

The South Korean carrier gave no details on the price of each ship or the shipyards that will build and supply the vessels, but said delivery of all 12 is scheduled by December 2029, in line with its five-year 2030 growth blueprint.

In a reported bid to bring down freight rates, the Trump administration is considering easing sanctions on ships that move oil products from countries including Russia, Iran and ‌Venezuela.

The incident prompted unions at the French shipping giant to criticize the company's lack of transparency, while a growing number of captains are refusing to sail through the strait.

As the flagship vessel for the new Guangzhou-Hong Kong zero-carbon container route, the Sui Gang electric navigation series represents South China’s first fleet of intelligent electric inland container ships.

Discover the top 5 shipping container companies in China 2026. COSCO, SITC, Zhonggu, Antong & Sinolines reshaping global trade with aggressive fleet expansion.

At least three oil tankers have reportedly been struck in the Strait of Hormuz over the past two days, according to Iran's Islamic Revolutionary Guard Corps (IRGC) Navy, while the United Kingdom Maritime Trade Operations (UKMTO) reported separate incidents involving a crude oil tanker and a container ship in the strategic waterway on Monday.