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- Release on2024-06-14
- As demand picks up and inflationary pressures continue to mount, labor protests are intensifying at ports in the United States and around the world.... Read More>>
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- Release on2024-05-30
- According to the latest report from Bank of America, the worsening port congestion has led to a reduction of more than 2% in the supply of container ships since March this year. Singapore, Dubai and the Mediterranean are the key congested areas, while the supply of containers in Asia is still very tight.... Read More>>
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- Release on2024-05-24
- Recently, the AP1 route of Ocean Network Shipping (ONE) officially set sail, and ONE and China Merchants Port (South China) Operation Center jointly held the first voyage ceremony of AP1 route at Shenzhen Shekou Port.... Read More>>
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- Release on2024-05-24
- Recently, after more than a decade of legal disputes, the fire case involving MSC Flaminia was finally settled with a compensation of US$290 million. Global chemicals logistics giant Stolt-Nielsen Group notified a U.S. court this week that the two parties had reached a resolution to the long-running case and agreed to pay up to $290 million in compensation, admitting that they had some responsibility in the accident.... Read More>>
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- Release on2024-05-23
- Starting from June 1, a new Peak Season Surcharge (PSS) will be implemented from the Far East to Southern Africa and the Indian Ocean Islands. The 20-foot container is US$1,000, the 40-foot and 45-foot containers are US$2,000, and the 40-foot dry-freeze container is US$1,000. Dollar.... Read More>>
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- Release on2024-05-22
- Recently, CMA CGM announced on its website that it will impose a new peak season surcharge (PSS) on cargo from China to Africa.... Read More>>
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- Release on2024-05-22
- Freight forwarders report that containers in northern China are becoming increasingly difficult to obtain. This trend is mainly attributed to unusually strong demand in the market and reduced ship capacity due to the Red Sea crisis, which in turn caused a shortage of ships and containers.... Read More>>
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- Release on2024-05-21
- Global shipping continues to perform strongly, with rising freight rates across all routes, pushing the latest Shanghai Containerized Freight Index (SCFI) to rise by 214.97 points to 2520.76 points, an increase of up to 9.32%; it has risen for six consecutive weeks and set a record high since mid-September 2022. (the highest level in the past 20 months).... Read More>>
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- Release on2024-05-20
- According to CCTV, the leader of the Yemeni Houthi armed forces, Abdul Malik Houthi, said in a televised speech on the 16th that the organization will continue to expand the scope of its attacks and that all ships heading to Israeli ports will be targeted by the Houthi armed forces. Attack targets, these ships will be attacked wherever the Houthis have the capability to reach. He said the Houthis' move was an act of solidarity with the Palestinians.... Read More>>
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- Release on2024-05-17
- On May 14 local time, the US released the results of the four-year review of the Section 301 investigation, announcing that on the basis of the original Section 301 tariffs on China, it will further increase tariffs on electric vehicles, lithium batteries, photovoltaic cells, key minerals, semiconductors, steel and aluminum, port cranes, personal protective equipment and other products imported from China.... Read More>>
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- Release on2024-05-16
- Due to the May Day holiday, shipping companies implemented excessive reductions, reductions, and combinations of shifts, and the market cargo load was better than expected, resulting in full slots, and freight rates soared, and the slots were full before the end of May.... Read More>>
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- Release on2024-05-15
- The Truckers of Canada (TCRC), composed of more than 9,000 employees of Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), announced on May 1 that its union members voted overwhelmingly to support the strike and that they would be the earliest to There will be a strike on May 22.... Read More>>
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