Copy of Eastrong's Market Pulse: (21 November 2025)

This article are sharing by Pacific Global Association's member M/s Eastrong International Logistics (Shanghai) WWW.EASTRONGINTL.COM

Key highlights this week:

[Maersk opens Shanghai Lingang New Logistics Center]

On November 20, Maersk Group's comprehensive logistics flagship warehouse located in Yangshan Special Comprehensive Bonded Zone, Lingang New Area, Shanghai Pilot Free Trade Zone was officially launched. With an investment of more than US$140 million and a storage area of 113,000 square meters, the flagship warehouse is one of Maersk's largest warehousing investment projects, integrating four core functions: export distribution center, import distribution center, regional and global distribution center, and cross-border e-commerce fulfillment center. Maersk said that the flagship warehouse is backed by the Yangtze River Delta region, which is the most economically active in China, with local manufacturing advantages and a huge consumer market, and is close to the Southeast Asian market, with a superior geographical location.

[ZIM's profit in the third quarter shrank sharply year-on-year]

ZIM's operating income in the third quarter was US$1.78 billion, down 36% year-on-year, and net profit was US$123 million, down nearly 90% year-on-year. Despite this, ZIM slightly raised its lower limit for full-year 2025 expectations, raising its EBITDA forecast from $18-2.2 billion to $20-2.2 billion. ZIM CEO said that although the third quarter was affected by factors such as freight rate fluctuations, geopolitics, and tariff adjustments, ZIM showed strong resilience and continued to be profitable, so despite the weak market outlook in the fourth quarter, ZIM still maintains confidence in the annual profitability. In addition, ZIM also said that although the ceasefire in Gaza is progressing positively and ZIM also intends to return to Suez, it still needs to be further evaluated and confirmed.

[The EU is optimistic about future economic development, but hidden worries remain]

Recently, the European Commission released its economic forecast for the fall of 2025. In the report, the EU said that economic growth in the first nine months of this year exceeded expectations, real GDP growth exceeded the annual growth rate forecast in the spring, and continued growth in the third quarter proved the resilience of the European economy and its ability to withstand unprecedented shocks. Looking ahead, the report expects the EU's real GDP to grow by 1.4% in 2025 and 2026, with a slight increase to 1.5% in 2027. Meanwhile, the EU's three largest economies, Germany, France, and Italy, are expected to experience weak growth in the coming years. Germany's expected growth rate in 2025 is only 0.2%, and 1.2% in 2026 and 2027. France's expected growth rates from 2025 to 2027 are 0.7%, 0.9% and 1.1%. Italy's growth rate will be more slow, at 0.4% in 2025 and 0.8% in 2026 and 2027. Portugal, Greece, Cyprus, Ireland and Spain will outperform these countries that were once considered economic models.

【Global Economy and Trade】

[Trump's tariff policy curbs imports, and the U.S. trade deficit plummeted by 24% in August][Minutes of the Fed's October meeting: Policymakers are divided on whether to cut interest rates in December]

[The Fourth China-Germany High-level Financial Dialogue reached 27 consensuses][India's gold imports surged 200% in October]

[The total number of electric vehicle charging infrastructure in China reaches 18.645 million] 

【International Shipping】

[China's steel production decreases, but iron ore imports may reach a new high]

[Star Bulk believes that the need for dry bulk fleet renewal is urgent]

[LNG carrier orders plummeted?]

[Demand for bunkering ships soars]

[U.S. crude oil tanker trade: changes in the role of imports and exports.]

[Black Sea war risk market reacts rationally to conflict]

[DSV topped the world's largest freight forwarder, the industry pattern changed] 

【Ports, logistics, ships, industry and finance, crew】

[Russia will jointly develop the shipbuilding industry with India]

[Maersk CEO warns: Port infrastructure lagging behind will become the next major bottleneck in the global trade chain]

[Investment of more than $550 million! ]

[Maersk will build a new terminal in Chittagong]

【Digital intelligence, green and low-carbon】

[DNV and WMMF jointly release guidance to support shipowners on their path to net-zero emissions]

[Direct discharge into the sea, new ship carbon capture technology launched]    

【In-depth report】

[How long can the rise in crude oil tanker freight rates last, and how will it end?] 】

Please refer to the Original Chinese version and it is available for download the full 15-page - Click here:

Morning Express 0251121.pdf

Download PDF • 968KB

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Editor: Roger - PGA

Source: Eastrong International Logistics