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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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07/012024
Grab the high freight ra...
Freight rates are still rising, and shipping giants have recently shown unprecedented activity in the charter market, paying sky-high rents to seize market capacity in response to the increasingly tight shipping demand and the upcoming peak season. According to the latest news from Alphaliner, Maersk recently leased a 7,000TEU newbuilding from TS Lines, with a daily rent of up to US$150,000 for a period of three months, and it is expected to be delivered in October. This rent level set a record
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06/282024
Bank of China Russia Bra...
According to Russia's Kommersant newspaper, the Russian branch of the Bank of China will suspend business dealings with financial institutions on the US SDN sanctions list from June 24.
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