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.
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.
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.
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.
Three major shipping gi...
On August 2, 2023, the Fortune Global 500 list was unveiled, with 19 port, shipping and logistics companies in the world on the list, including three shipping giants - COSCO Shipping, Maersk and Hapag-Lloyd, and two freight forwarders - DXN and DSV - on the list.Among the 19 logistics companies, five companies from China were on the list, namely, China Post, China COSCO Shipping, China Merchants Group, Xiamen Elephant and Island Group, and SF Holding.
Comprehensive Informatio...
Latest General News
Shipping Line Announces ...
Following the announcement by Maersk and Duffy in early July of the first increase in FAK rates on the Asia-Europe route, Duffy Line's official website announced on the 31st that it would again increase FAK rates from Asia to Northern Europe on August 15 in a continuing effort to provide reliable and efficient service to its customers.
Four gold medals protec...
The industry pointed out that the "El Niño phenomenon caused by the Panama Canal drought, the global shipping companies to reduce the cabin, cargo volume stabilized this season, the green shipping decree fermentation" four major gold medals, will continue to push up the container tariffs, industry insiders pointed out that the short-term U.S. West will be expected to return to the United States 2000 U.S. dollars per FEU, U.S. lines can be expected to break through the 3,000 U.S. dollars.
Europe and the United S...
European line tariffs finally staged a major counter-offensive, a single week rose 31.4%, the U.S. West week rose 10.1% (the entire July rose 38%), the two tariffs rose to push up the latest issue of the Shanghai Export Containerized Freight Index SCFI rose 6.5% to 1,029.23 points, to return to 1,000-point mark.
Airline rates and contai...
65% of freight forwarders confirm "slower business growth" in Q2 compared to Q1 this year.