CNNews
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Over $40 billion in cargo stranded at ports still awaiting unloading
There are still more than $40 billion worth of container ships waiting to unload in the waters surrounding North American ports. But the change is that the center of the congestion has shifted to the eastern United States, with about 64% of waiting ships concentrated in ...Read more -
The freight rate of the US line has plummeted!
According to Xeneta’s latest shipping index, long-term freight rates rose 10.1% in June after a record 30.1% rise in May, meaning the index was 170% higher than a year earlier. But with container spot rates falling and shippers having more supply options, further monthly gains seem unlikely...Read more -
Joe Biden will cancle some tariffs on China as soon as this week
Some medias quoted informed sources and reported that the United States may announce the cancellation of some tariffs on China as soon as this week, but due to serious differences within the Biden administration, there are still variables in the decision, and Biden may also offer a compromise pla...Read more -
Demand has plummeted! The prospect of international logistics is worrying
Demand has plummeted! The prospect of international logistics is worrying Recently, the sharp drop in U.S. import demand has caused a stir in the industry. On the one hand, there is a large backlog of inventory, and major department stores in the United States are forced to launch a “discou...Read more -
Demand has plummeted! The prospect of international logistics is worrying
Demand has plummeted! The prospect of international logistics is worrying Recently, the sharp drop in U.S. import demand has caused a stir in the industry. On the one hand, there is a large backlog of inventory, and major department stores in the United States are forced to launch a “discou...Read more -
Bangladesh significantly raises import tax on products, with import tax on 135 products raised to 20%
The Bangladesh National Revenue Service (NBR) has issued a Statutory Regulatory Order (SRO) to increase the regulatory duty on imports of more than 135 HS-coded products to 20% from the previous 3% to 5% to reduce these Imports of products, thereby easing the pressure on foreign exchange reserves...Read more -
The freight rate fell sharply, and the spot freight rate fell below the long-term agreement!
Comprehensive current major shipping indices, including Drewry’s World Container Index (WCI), Freightos Baltic Sea Price Index (FBX), Shanghai Shipping Exchange’s SCFI Index, Ningbo Shipping Exchange’s NCFI Index and Xeneta’s XSI Index all show, Due to the lower-than-expec...Read more -
U.S. Import Demand Dropping Sharply, peak season of shipping industry may not be as good as expected
The shipping industry is increasingly concerned about excess shipping capacity. Recently, some American media said that the import demand of the United States is falling sharply, which has caused quite a stir in the industry. A few days ago, the US House of Representatives recently passed the ...Read more -
Strike at Europe’s largest port
A few days ago, many German seaports held strikes, including Germany’s largest port Hamburg. Ports such as Emden, Bremerhaven and Wilhelmshaven were affected. In the latest news, the Port of Antwerp-Bruges, one of Europe’s largest ports, is preparing for another strike, at a time when...Read more -
Maersk: Port congestion in Europe and the United States is the Biggest Uncertainty in the Global Supply Chain
On the 13th, Maersk Shanghai Office resumed offline work. Recently, Lars Jensen, an analyst and partner of the consulting firm Vespucci Maritime, told the media that the restart of Shanghai may cause goods to flow out of China, thereby prolonging the chain effect of supply chain bottlenecks. A...Read more -
Major Price Changes on Major Routes，Prices on European and American Routes have Fallen Sharply
Shanghai reopened after two months of lockdown. From June 1, normal production and shipping activities will resume, but it is expected to take several weeks of recovery. Combining the latest major shipping indexes, SCFI and NCFI indexes all stopped falling and returned to orders, with a slight in...Read more -
High Sea freight Charges, the United States Intents to Investigate International Shipping Companies
On Saturday, U.S. lawmakers were preparing to tighten regulations on international shipping companies, with the White House and U.S. importers and exporters arguing that high freight costs are hampering commerce, driving up costs and further fueling inflation, according to media reports on Saturd...Read more
