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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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06/252024
China-Europe Express tra...
The reporter learned from China Railway Harbin Bureau Group Co., Ltd. that as of
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06/242024
Freight rate increases s...
Recently, the freight rate trend in the shipping market has become a focus. A senior executive of an Asian shipping company revealed that the freight rate on the Mediterranean route was originally planned to rise to US$7,400 per LTU in the middle of this month, but the actual increase was only US$7,000, indicating that the freight rate on this route may have reached its peak.
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06/212024
$100,000 fine per contai...
Wan Hai Lines issued an updated announcement on June 20, reiterating that all customers must declare goods truthfully and correctly. For any false declaration of goods, such as concealment, omission, or misdeclaration, the carrier has the right to charge liquidated damages and deposits to the cargo owner in accordance with the agreement between the two parties when entering into the transportation contract.
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06/192024
Export to Russia Breakin...
Anyone who has done foreign trade in the Russian market in the past two years must have heard of VTB Bank. It is so popular now that it takes several months to queue up to open an account.
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06/182024
China investigates EU po...
China has launched an anti-dumping investigation into pork and its by-products imported from the European Union, a move that appears to be mainly aimed at Spain, the Netherlands and Denmark in response to Beijing's restrictions on their electric vehicle exports.
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06/172024
Adding insult to injury!...
Currently, the Red Sea crisis is at a stalemate, while the latest SCFI freight index has risen for 10 consecutive weeks. Internal analysis of the shipping industry points out that the market situation still faces three major challenges: "port congestion" leads to cargo backlogs, "lack of containers" limits transportation capacity, and "full cabins" reflect strong transportation demand. Despite this, the improvement in demand this year has prompted clients to increase inventory, indicating that t
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06/142024
Freight rates will excee...
Spot freight rates continued to surge this week, sparking deep concerns among shippers about how high freight rates might rise, but no one can yet give a firm prediction on the exact upper limit of freight rates.
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06/132024
The first "local" domest...
At 17:30 on June 12, a China-Europe train loaded with 29 containers and 290 commercial vehicles departed from the Shaliang Logistics Park of China Railway Hohhot Bureau Group Co., Ltd. and headed for Moscow via the Alashankou Port in Xinjiang. This is the first "local" China-Europe train carrying domestically produced commercial vehicles newly opened in Inner Mongolia.
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