CNInsights
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Uncertain 2023! Maersk suspends a US line service
Affected by the global economic downturn and weak market demand, the profits of major liner companies in Q4 2022 have dropped significantly. Maersk’s freight volume in the fourth quarter of last year was 14% lower than that of the same period in 2021. This is the worst performance of all carriers...Read more -
International Logistics Department of Oujian Group Undertook a German engineering logistics project to China
On February 9th, the International Logistics Department undertook overseas engineering logistics projects, including booking, packaging, shipping, customs clearance, distribution, disassembly, and placement from the German factory to the domestic factory. The whole inter...Read more -
A shipping company suspends US-West service
Sea Lead Shipping has suspended its service from the Far East to the West US. This comes after other new long-haul carriers pulled out of such services due to a sharp drop in freight demand, while service in the US East was also questioned. Singapore- and Dubai-based Sea Lead initially focused on...Read more -
Port of calls are prohibited! Thousands of ships affected
A few days ago， India will have a major impact on ship valuations. The Mumbai-based Economic Times reported that the Indian government will announce an age limit for ships calling at the country’s ports. How will this decision change maritime trade, and how will it affect freight rates and...Read more -
A shipping company suspends US-West service
Sea Lead Shipping has suspended its service from the Far East to the West US. This comes after other new long-haul carriers pulled out of such services due to a sharp drop in freight demand, while service in the US East was also questioned. Singapore- and Dubai-based Sea Lead initially focused on...Read more -
U.S. container imports have fallen back to pre-pandemic levels
The import volume of containerized goods in the United States has declined for several consecutive months, and it has fallen to the level close to the level before the epidemic in December 2022. It is expected that the shipping industry may face a further decline in container import volume in 202...Read more -
$30,000/box! Shipping company: adjust Compensation for Breach of Agreement
ONE announced a few days ago that in order to provide reliable and safe transportation services, the Compensation for Breach of Agreement has been adjusted, which is applicable to all routes and will take effect on January 1, 2023. According to the announcement, for the goods that conceal, omit o...Read more -
Suez Canal Blocked Again
The Suez Canal, which connects the Mediterranean Sea and the Indian Ocean, has once again stranded a freighter! The Suez Canal Authority said on Monday (9th) that a cargo ship carrying Ukrainian grain ran aground in Egypt’s Suez Canal on the 9th, temporarily disrupting traffic in the waterw...Read more -
There may be no peak season in 2023, and the surge in demand may be delayed until before the 2024 Chinese New Year
According to the Drewry WCI Index, the container spot freight rate from Asia to Northern Europe rose by 10% compared with before Christmas, reaching US$1,874/TEU. However, export demand to Europe is much lower than usual ahead of the Chinese New Year on January 22, and freight rates are expected ...Read more -
149 voyages suspended!
Global transportation demand continues to decline, and shipping companies continue to suspend shipping in large areas to reduce shipping capacity. It was previously reported that only one of the 11 ships in the Asia-Europe route of the 2M Alliance is currently operating, and the “ghost ship...Read more -
Slumping demand, Big Shutdown!
The slump in global transport demand continues due to weak demand, forcing shipping companies including Maersk and MSC to continue cutting capacity. The spate of blanked sailings from Asia to northern Europe has led some shipping lines to operate “ghost ships” on trade routes. Alphali...Read more -
The volume of cargo remains high, this port charges container detention fees
Due to the high volume of cargo, the Port of Houston (Houston) in the United States will charge overtime detention fees for containers at its container terminals from February 1, 2023. A report from the Port of Houston in the United States pointed out that container throughput increased strongly ...Read more
