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South China Morning Post
12-08-2025
- Business
- South China Morning Post
Despite US-China tariff truce, the turning tide keeps reshaping shipping routes
Even after securing another 90-day tariff truce with the US, China's trade-diversification efforts are expected to continue reshaping shipping routes for the rest of the year, as transpacific routes remain under pressure following an initial front-loading phase. 'Despite ongoing negotiations between the two countries, we believe it is unlikely that tariffs will be completely eliminated, which will continue to weigh on US import volumes,' said Jarl Milford, a maritime analyst at Veson Nautical. 'We expect a full-year decline in volumes on this trade lane, which will apply further pressure on freight rates,' he told the Post. The Shanghai Containerised Freight Index, which is updated every Friday and tracks spot freight rates for containerised cargo, specifically from Shanghai to major global destinations, has declined for nine consecutive weeks. The latest rates from Shanghai to the US west coast and east coast have fallen by more than half from their peak in early June, when exporters rushed to front-load their products after the initial three-month tariff pause began. Danish shipping giant Maersk also mentioned the significant impact on its container-liner services in its second-quarter earnings report, noting that its China-US box volumes during the April-June period declined by around 35 per cent, year on year. However, it pointed out that the contraction in North American imports was more than offset by the strong import growth into Europe, Latin America, Africa, western Asia and Central Asia.
Time of India
12-08-2025
- Automotive
- Time of India
China's automakers are taking a shortcut to European markets
Live Events BEIJING: Chinese automakers are shipping cars to Europe through the Red Sea and Suez Canal , nearly two years after the Iran-backed Houthi militia in Yemen started attacking vessels in the critical Middle East transit automakers are still shipping cars from Asia by way of a much longer, and expensive, trip around month, at least 14 car-carrier ships traveled from Chinese ports to Europe through the Red Sea and Suez Canal, according to a new analysis by Lloyd's List Intelligence , a British maritime information service. About the same number made the voyage in trips have continued even after the Houthis used drones, grenades and gunfire to sink two other cargo ships early last month. The militia group says the attacks are in solidarity with Palestinians living through Israel's war against Hamas in the Gaza shipping analysts assume that the Chinese government has reached an understanding with Iran or the Houthis not to harm car-carrier ships from China . It seems that "China has found a way to deal with the Iran-backed Houthi rebels, and they have been told that their ships will not be targeted," said Daniel Nash, associate director of valuation and analytics at Veson Nautical, another maritime data through the Red Sea and Suez Canal saves 14 to 18 days on each round trip between Asia and Europe, compared with going around Africa. This reduces costs for fuel, crews and the ships themselves by a couple hundred dollars per around Africa "adds considerable costs to a shipowner's fuel bill, increases pollution from the vessel and ultimately adds costs for buyers of new cars," said Rob Willmington, a senior analyst at Lloyd's List who led the review of voyages by car-carrier savings help Chinese automakers compete in Europe with Japanese, Korean and European automakers, which rely on European and Japanese shipping lines that are not using Red Sea automakers face other costs -- thousands of dollars for each car -- from tariffs the European Union imposed on electric vehicles from China last and other Chinese automakers have partly bypassed those tariffs by sending hybrid cars that mainly use battery-powered electric motors with small gasoline engines as other commercial vessels, including big container ships belonging to the state-owned China Ocean Shipping Co., known as Cosco, have been avoiding the Red Sea and Suez Canal since the Houthi militia began sinking or hijacking ships near Yemen in November 2023. Shipowners in Europe and Asia mostly refuse to allow companies to charter their vessels for such trips. Commercial insurers in London have become wary of insuring such voyages, charging higher rates when they automakers, notably BYD and SAIC Motor, have taken delivery in recent months from Chinese shipyards of some of the world's largest ships designed specially to carry cars. The automakers are sending these newly built vessels through the Red Sea anyway. Built in shipyards on or near the Yangtze River, these ships have a dozen decks and can carry as many as 5,000 cars, worth a total of $100 million or more, on each state-owned SAIC Motor, previously known as the Shanghai Automotive Industry Corp., and BYD did not respond to requests for comment. In addition to Chinese-owned ships, several car-carrier ships owned by a South Korean company or by a joint venture of businesses in Abu Dhabi, United Arab Emirates, and Turkey also sailed through the Red Sea and Suez Canal in June and July after stopping at car-loading ports in China, Willmington a written reply to questions, China's Ministry of Foreign Affairs did not mention car-carrier ships but said that "China has been playing an active role in easing tensions since the situation in the Red Sea escalated, and will continue to contribute to the early restoration of peace and tranquility in the Red Sea."China buys almost all of Iran's crude oil exports, which represent 6% of Iran's economy and are equal to half of the Iranian government's annual budget. Chinese officials contend that boycotts of Iran's oil exports were organised by the West but never approved by the United Nations, and so are not binding on Chinese oil Houthis announced July 28 that they would continue their campaign of attacks on ships that they believe have any connection to Israel or Israeli ports. The campaign began soon after Hamas militants from Gaza attacked southern Israel on Oct. 7, of the first Houthi targets, and the best-known incident, involved the hijacking in November 2023 of the Galaxy Leader, a car-carrier ship that was traveling back empty from Europe to Asia. The ship's 25-member crew was held hostage for 14 months in Yemen and finally released in January, but the Houthis kept the ship at a Yemeni Israeli air force bombed the vessel a month ago after reports that the Houthis were using a sophisticated radar system on the ship to track potential targets in the Red Sea for attacks.
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First Post
12-08-2025
- Business
- First Post
Has China cut a deal with Houthis? Its car cargo sailing through Red Sea, others still taking a detour
An analysis by Lloyd's List Intelligence, a British maritime information service, has said that at least 14 car-carrier ships passed through the Red Sea and Suez Canal from China to ports across Europe last month read more Advertisement (File) USS Carter Hall and amphibious assault ship USS Bataan transit the Bab al-Mandeb strait. AP/Representational image Unlike other cargo ships, China is shipping its automobiles to parts of the world via the Red Sea and the Suez Canal, even amid the Iran-backed Houthi group's continued aggression in the region that has forced merchant vessels from other countries to take a different route. An analysis by Lloyd's List Intelligence, a British maritime information service, has said that at least 14 car-carrier ships passed through the Red Sea and Suez Canal from China to ports across Europe last month. STORY CONTINUES BELOW THIS AD The voyage occurred despite Houthis using drones, grenades and gunfire to sink two cargo ships last month. The terror group says that its attacks are motivated by solidarity with Gazans in Palestine. Why is China getting special treatment? Shipping analysts believe that the Chinese government has reached an understanding with the Houthis or Iran not to harm car-carrier ships from China. Daniel Nash, associate director of valuation and analytics at Veson Nautical, told the New York Times, 'China has found a way to deal with the Iran-backed Houthi rebels, and they have been told that their ships will not be targeted.' Travelling through the Red Sea and Suez Canal saves 14 to 18 days on each round trip between Asia and Europe, compared to the longer route around Africa. This shorter passage cuts down on fuel, crew expenses, and overall shipping costs by several hundred dollars per car. What are the other routes? Houthi rebels in Yemen, seeking to stop Israel's offensive against Hamas in Gaza, are attacking cargo ships plying the waters connecting Asia with Europe and the United States, forcing traffic away from the Suez Canal and around the tip of Africa. The disruption is causing delays and driving up costs, at a time when the world has yet to vanquish a resurgence of inflation. Escalating Houthi threats have triggered rerouting of global shipping via the Cape of Good Hope, with far-reaching consequences, from elevated freight and insurance costs to extended delivery times, emissions spikes, humanitarian delays, and regional port shutdowns. Governments and shipping firms are responding with naval protection, international coordination, and structural adaptations to safeguard vital trade routes.
Time of India
11-08-2025
- Automotive
- Time of India
Where are Houthis? China's automakers taking shortcut to European markets
1 2 Chinese automakers are shipping cars to Europe through the Red Sea and Suez Canal, nearly two years after the Iran-backed Houthi militia in Yemen started attacking vessels in the critical Middle East transit route. Other automakers are still shipping cars from Asia by way of a much longer, and expensive, trip around Africa. Last month, at least 14 car-carrier ships travelled from Chinese ports to Europe through the Red Sea and Suez Canal, according to a new analysis by Lloyd's List Intelligence, a British maritime information service. About the same number made the voyage in June. The trips have continued even after the Houthis used drones, grenades and gunfire to sink two cargo ships last month. Most shipping analysts assume that the Chinese govt has reached an understanding with Iran or the Houthis not to harm car-carrier ships from China. It seems that "China has found a way to deal with the Iran-backed Houthi rebels, and they have been told that their ships will not be targeted," said Daniel Nash, associate director of valuation and analytics at Veson Nautical, a maritime data firm. Travelling through the Red Sea and Suez Canal saves 14 to 18 days on each round trip between Asia and Europe, compared with going around Africa. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo This reduces costs for fuel, crews and the ships themselves by a couple hundred dollars per car. Going around Africa "adds considerable costs to a shipowner's fuel bill, increases pollution from the vessel and ultimately adds costs for buyers of new cars," said Rob Willmington, a senior analyst at Lloyd's List who led the review of voyages by car-carrier ships. Shipowners in Europe and Asia mostly refuse to allow companies to charter their vessels for such trips. Commercial insurers in London have become wary of insuring such voyages, charging higher rates when they do. The state-owned SAIC Motor, previously known as the Shanghai Automotive Industry Corporation, and BYD did not respond to our requests for comment. In addition to Chinese-owned ships, several car-carrier ships owned by a South Korean company or by a joint venture of businesses in Abu Dhabi and Turkey also sailed through the Red Sea and Suez Canal after stopping at car-loading ports in China, Willmington said. In a written reply to questions, China's ministry of foreign affairs did not mention car-carrier ships but said that, "China has been playing an active role in easing tensions since the situation in the Red Sea escalated, and will continue to contribute to the early restoration of peace and tranquillity in the Red Sea."
Associated Press
29-05-2025
- Business
- Associated Press
Veson Nautical Expands IMOS Platform with AI-Powered Claims Management
BOSTON, May 29, 2025 (GLOBE NEWSWIRE) -- Veson Nautical (Veson), a global leader in maritime data and freight management solutions, today announced the launch of IMOS X Claims CoCaptain, an AI-powered extension of claims management capabilities within IMOS designed to streamline the demurrage claims process. For decades, Veson has partnered with clients worldwide to solve challenges and drive continuous innovation across the full freight management lifecycle through the IMOS Platform. One challenge that could not be ignored is claims management. Claims teams are often overwhelmed by manual processes and time-consuming document collection—spending the bulk of their time preparing to process claims rather than analyzing them. This burden only grows with large, complex cases, leaving even less time for strategic decision-making. Developed using the latest advancements in artificial intelligence, Claims CoCaptain marks a significant evolution in managing claims. The solution automates time-intensive tasks, speeds up decision-making, and empowers analysts to focus on outcomes that drive business value. As part of the IMOS Platform, changes in Claims CoCaptain automatically update P&Ls, financial reporting and integrated systems throughout the claim lifecycle–providing a single end-to-end platform. 'Claims CoCaptain reflects our deep commitment to solving maritime challenges with technology that is both innovative and grounded in real-world workflows,' said Eric Christofferson, Chief Product Officer at Veson Nautical. 'As the claims settlement process is a critical and costly part of the freight contract lifecycle, managing both from a single platform provides numerous efficiencies and reduces errors. The IMOS foundation and data will allow claims specialists and operators to more strategically manage the claims outcome.' Built on IMOS. Powered by AI. Claims CoCaptain is a module offered within the IMOS Platform, Veson's market-leading solution for commercial freight management and voyage execution, and is accessed through IMOS X, Veson's new, fast, and mobile-friendly user experience. It was developed with maritime claims teams in mind, drawing on twenty years of domain expertise and focused research and development. Analysts typically spend countless hours reviewing statements of facts (SOFs), gathering timestamps, and calculating laytime—often across fragmented sources. Claims CoCaptain automates much of this manual work by using AI to organize and extract key data from emails and voyage documents in a centralized workspace. This enables analysts to concentrate on strategic aspects of the claim, improving accuracy, responsiveness, and overall outcomes. Improving visibility and creating a decision advantage Claims teams have long operated with limited visibility into the size, scope, and urgency of active claims—making it difficult to prioritize workloads and respond quickly. Claims CoCaptain solves this by centralizing information in one place and intelligently categorizing claims based on complexity and time sensitivity. IMOS X Claims CoCaptain is now available to existing and new IMOS Platform clients. Learn more and request a demo at About Veson Nautical Veson Nautical empowers the global maritime industry to navigate compounding complexity on all sides of the trade. Multi-jurisdictional regulations, geopolitical disruptions, decarbonization, cybersecurity threats, and more are forcing industry participants to recalibrate their risk tolerance. By combining trusted maritime data with built-for-purpose workflows, Veson gives clients the decision-making confidence to manage risk and maximize profit. With a heritage of innovation and expertise across all maritime related contracts, Veson serves more than 38,000 users across 2,400 companies in more than 100 countries and is uniquely positioned to enable a decision advantage. Learn more at If you have any enquiries, please contact the press team: Kevin Baxter Senior PR & Communications Manager [email protected] +44 (0) 20233970102 Veson Nautical Press Team [email protected] Office +44 (0)20 3397 0102
