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08/222023
Freight rates ended thre...
The latest release of the Shanghai export container freight index (SCFI) fell 12.54 points to 1031 points, a weekly decline of 1.2%, SCFI container freight index ended three consecutive weeks of rise to fall; Among them, the four main routes are still stronger in North America, and the freight rates from the Far East to the East of the United States continue to rise, and the rest are falling. The rise in the eastern United States was mainly due to the Panama Canal drought blockage effect.
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08/212023
Important waterway for g...
The Panama Canal Authority has introduced more traffic restrictions due to the ongoing drought. The measures will not only affect the canal's operating income, but also generate additional charges due to delayed shipping schedules, increasing shipping costs and putting more pressure on the prices of consumer goods in the international market.
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08/182023
US freight rates rebound...
It is curious that the cost of transporting goods from Asia to the United States has quietly begun to rise rapidly in the face of sluggish exports from Asian economies as a whole.
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08/172023
Net loss of 1.5 billion!...
After the epidemic, Yangming Shipping, Wanhai Shipping and Star Shipping three shipping companies have reported quarterly losses.
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08/162023
U.S. Customs strictly in...
Due to the traceability requirements of US customs, Vietnam Haixin, a wholly-owned subsidiary of Walrus New Materials, decided to significantly reduce production from August 4, 2023.
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08/142023
Outburst! Russian warshi...
The incident of a Russian warship firing warning at a Palauan-flagged cargo ship in the Black Sea has attracted widespread attention in recent days. It is understood that the cargo ship is heading in the direction of Ukraine, and the Russian warship asked it to stop for inspection, but did not receive a response. Faced with the impossibility of communication, Russian warships had to take measures of warning fire.
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08/112023
From September 1, peak s...
A peak season surcharge will soon be imposed on North American routes
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08/102023
Shutdown! Profits down $...
Recently Jeremy Nixon, CEO of Japan's Oceanic Network Associates (ONE), said he remains bullish on the future of the liner industry, even though the company just reported a year-over-year decline of nearly $5 billion in second-quarter results.
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08/092023
Breaking! The Chinese Yu...
August 8, the offshore yuan against the dollar exchange rate in the plate fell below 7.21, 7.22, 7.23, 7.24 and 7.25 mark.Wind data show that, as of 22:18, the offshore yuan against the dollar fell more than 450 points, or 0.63%, the plate hit a new low in nearly a month. In addition, the U.S. dollar index rose significantly on August 8, strong higher. wind data show that from a low of 102.05 once climbed, as of 22:57, the dollar index rose by 0.58% during the day, at 102.67.
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08/092023
MSC takes another step! ...
MSC has announced that it has acquired a majority stake in AlisCargo Airlines, an Italian air cargo company.
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