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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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08/082023
Price! MSC ignites price...
When Maersk, CMA CGM and Hapag-Lloyd successively announced an increase in the FAK rate for the Asia-Europe route, MSC did the opposite.
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08/072023
Outburst! The two ships ...
The Suez Canal Authority (SCA) said that at 1130 UTC on August 5, the tug "Fahd", which belongs to the SCA, collided with a tanker "CHINAGAS LEGEND" transporting 52,000 tons of liquefied petroleum gas (LPG), and the tug "Fahd" sank.
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08/072023
Freight rates rose for t...
Is the peak season finally here? The latest Shanghai Container Export Freight Index (SCFI) rose 10.09 points to 1039.32 points, although the weekly increase narrowed to 0.98%, but it held the 1,000-point mark and achieved a second consecutive increase in freight rates.
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08/042023
Getting rid of the 16-mo...
Container spot freight rates rose the most in more than two years, according to Bloomberg, a sign that the 16-month decline in ocean freight costs that helped ease inflationary pressures on commodities is over. The Deluri World Container Index WCI climbed for the fourth consecutive week, and freight rates from Shanghai to Los Angeles and Rotterdam rose sharply.
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