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07/192024
Shipping giant counter-s...
The dispute between Hanshin Shipping (HMM) and Samsung Electronics America (SEA) over demurrage and container detention (D&D) during the pandemic has escalated. HMM sued SEA for nearly $13 million in unpaid fees and opposed SEA's complaint to the FMC. SEA accused HMM of "wrongly" charging 96,000 D&D fees, saying HMM violated its inland transportation obligations and charged for various reasons.
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07/172024
Cargo volume surges and ...
Nhava Sheva Port is facing severe congestion, mainly due to a surge in cargo volume and unstable shipping schedules. APM's GTI terminal and DP World's NSCIT terminal are particularly serious, causing delays in the entry and exit of container trucks, affecting import and export cycles. Container freight stations complain about customs clearance difficulties, and high inventory levels increase operational pressure. At the same time, Mundra Port is also facing efficiency issues, and improving port
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07/162024
Where is the China-EU tr...
The trade dispute between the European Union and China may not just have the auto industry on edge. In the German state of Lower Saxony, there’s another industry that could be feeling the current tremors.
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07/152024
Freight rates begin to f...
Recently, due to the turbulent situation in the Red Sea, shipping companies were forced to detour to Africa, and spot freight rates rose sharply. After rising for 13 consecutive weeks, the Shanghai Containerized Freight Index (SCFI) fell slightly by 1.6% to 3674.86 points last week, breaking the previous upward trend. While the SCFI index fell, the Drewry World Container Index slowed down its growth to only 1% this period after jumping 10,000 points in the previous period. Overall, the container
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07/112024
China's auto exports gro...
In June, China's passenger car exports reached 378,000 units, up 28% year-on-year and stable month-on-month. The data released by the China Passenger Car Association highlights the strong growth of China's automobile export industry. The recovery of the South American market is an important reason for this growth. In June, Chinese brand car exports reached 325,000 units, up 31% year-on-year. In addition, according to Xinhua News Agency, the export of luxury cars and cars produced by Sino-foreig
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07/102024
Tianjin accelerates the ...
As the train whistle sounded, a China-Europe freight train loaded with goods slowly drove out of the Tianjin International Land Port in Xiqing District, Tianjin, and headed for the Russian capital Moscow.
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07/092024
This year, the number of...
A 2021 China-Europe freight train loaded with daily necessities, household appliances, clothing fabrics and other goods departed from Horgos, Xinjiang to Malaszewicze, Poland on the 6th.
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07/082024
Shipping giant: Red Sea ...
Maersk CEO Krzysztof Koch expects the third quarter of this year to also be affected by the Red Sea crisis.
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07/052024
EU plans to impose impor...
The European Commission will recommend removing the current 150 euro tax-free threshold later this month, according to the Financial Times. The main target platforms are Chinese e-commerce sites Temu and AliExpress, as well as clothing e-commerce platform Shein, an official said.
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07/022024
Maersk announces withdra...
There has been new progress in the sale of DB Schenker. According to the latest news, shipping giant A.P. Moeller-Maersk has withdrawn from this industry-renowned M&A battle.
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