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12/072023
Bomb! Chinese goods acco...
Recently, Chinese goods have been sold in South Korea through cross-border e-commerce platforms, and relevant logistics companies have become increasingly busy.
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12/062023
As tensions escalate in ...
If tensions in the Red Sea escalate, more container ships could be blocked. According to the latest report by Linerlytica on December 5, the intensification of attacks on ships in the Red Sea could cause 30% of the container fleet to become stranded and need to be diverted.
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12/052023
The future of liner tran...
According to Bimco, the supply of container shipping will far exceed demand in 2024 and 2025, which will put further pressure on freight rates and charter rates.
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12/042023
Finally ending a three-g...
The latest Shanghai export container Freight rate index (SCFI) ended three consecutive declines and began to rebound. The index gained 17.6 points to recover 1,010.81 points. The global shipping industry continues to cope with capacity cuts, with rates stabilizing during the off-season. Shipping companies will see their revenues and profits fall in the fourth quarter.
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12/012023
$67,000 profit per box? ...
On November 28, DK Butterfly1 Inc. filed a lawsuit with the U.S. Federal Maritime Commission (FMC) against Swiss-based MSC Mediterranean Shipping, alleging that the shipping giant violated the 1984 Shipping Act by profiteering during the pandemic, seeking up to $347 million in damages.
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11/302023
Will Hapag-Lloyd choose ...
According to the latest data from Alphaliner, Hapag-Lloyd ranks fifth in the top 100 shipping capacity of the world's liner companies, with 266 ships in operation and a total capacity of 1.968 million TEUs, of which 122 are owned and 144 are chartered.
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11/292023
Another freight forwarde...
Hamburg-based German Logistics company Fr. Meyer's Sohn has acquired Swedish freight forwarder C Land Logistics to strengthen its position in the Nordic market.
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11/282023
Following CMA CGM, MSC a...
MSC has announced that it will impose a hefty surcharge of $297 /TEU on cargo passing through the Panama Canal in response to the canal's dwindling capacity. Last Tuesday, CMA CGM became the first shipping company to announce a "Panama Canal Fee Adjustment Factor" of $150 /TEU, effective January 1, 2024. The MSC surcharge, which is almost double that of French shipping lines, will come into effect on December 15.
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11/272023
Freight prices continue ...
Shanghai Shipping Exchange has released the latest Shanghai Export Container Freight Index (SCFI). After falling below 1000 points in the early period, it continued to fall slightly by 6.71 points, or 0.67%, to 993.21 points, falling for three consecutive weeks. In the four major ocean routes, the gains and losses were mixed. The Far East to Europe, the Mediterranean route has fallen sharply, but they have rebounded slightly, and the increase has increased slightly. European routes saw the large
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11/242023
In the fourth quarter mo...
Ocean carriers' operating profits in the third quarter were below pre-pandemic levels, and fourth-quarter results could be worse.
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