CNInsights
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The world’s largest container terminal operator or change of owner?
According to Reuters, PSA International Port Group, wholly owned by Singapore’s sovereign fund Temasek, is considering selling its 20% stake in the port business of CK Hutchison Holdings Limited (“CK Hutchison”, 0001.HK). PSA has been the number one container terminal operator i...Read more -
5.7 billion Euros! MSC completes acquisition of a logistics company
MSC Group has confirmed that its wholly-owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics. MSC said the deal has been approved by all regulators. So far, MSC, the world’s largest container liner company, has acquired the ownership of t...Read more -
Rotterdam port operations disrupted, Maersk announces emergency plan
The Port of Rotterdam remains heavily impacted by disruptions in operations due to ongoing strikes at several terminals in Dutch ports due to ongoing collective labor agreement (CLA) negotiations between unions and terminals at Hutchinson Delta II and Maasvlakte II. Maersk stated in a recent cust...Read more -
Three shippers complained to FMC: MSC, the world’s largest liner company, charged unreasonably
Three shippers have filed complaints with the U.S. Federal Maritime Commission (FMC) against MSC, the world’s largest liner company, citing unfair charges and insufficient container transit time, among others. MVM Logistics was the first shipper to file three complaints dating from August 2...Read more -
Freight rate increase? Shipping company: Increase freight rates in Southeast Asia on December 15
A few days ago, Orient Overseas OOCL issued a notice saying that the freight rate of goods exported from mainland China to Southeast Asia (Thailand, Vietnam, Singapore, Malaysia, Indonesia) will be increased on the original basis: from December 15th to Southeast Asia, 20-foot common container $10...Read more -
Maersk warning: logistics is seriously interrupted! National rail workers strike, biggest strike in 30 years
Since the summer of this year, workers from all walks of life in the UK have frequently gone on strike to fight for wage increases. After entering December, there has been an unprecedented series of strikes. According to a report on the British “Times” website on the 6th, about 40,000...Read more -
Oujian Group Participated the IFCBA Conference in Singapore
During Dec 12th -Dec 13th, International Federation of Customs Brokers Associations Conference is held in Singapore, with the theme of “Reconnecting with Resilience: Obligations and Opportunities”. This conference has invited the secretary general and HS tariff affairs expert of WCO, national cus...Read more -
Freight rates on European routes have stopped falling, but the latest index continues to drop sharply, with a minimum of US$1,500 per large containerFreight rates on European routes have stopped fa...
Last Thursday, there were media reports that the freight rate in the European container shipping market stopped falling, but because of the high drop in the European freight rate of the Drewry Container Freight Index (WCI) announced that night, the SCFI released by the Shanghai Shipping Exchange ...Read more -
Shipping prices are gradually returning to a reasonable range
At present, the GDP growth rate of the world’s major economies has slowed down significantly, and the US dollar has raised interest rates rapidly, which has triggered a tightening of global monetary liquidity. Superimposed on the impact of the epidemic and high inflation, the growth of exte...Read more -
MSC withdraws from acquisition of Italian airline ITA
Recently, the world’s largest container liner company Mediterranean Shipping Company (MSC) said that it would withdraw from the acquisition of Italian ITA Airways (ITA Airways). MSC has previously said the deal would help it expand into air cargo, an industry that has boomed during the COVI...Read more -
Burst! Strike broke out at the port! The pier is paralyzed and shut down! Logistics delays!
On November 15, dock workers at San Antonio, Chile’s largest and busiest container port, resumed strike action and are currently experiencing a paralyzed shutdown of the port’s terminals, port operator DP World said last weekend. For recent shipments to Chile, please pay attention to ...Read more -
Boom over? Imports at U.S. container port plunge 26% in October
With the ups and downs of global trade, the original “hard to find a box” has become a “serious surplus”. A year ago, the largest ports in the United States, Los Angeles and Long Beach, were busy. Dozens of ships lined up, waiting to unload their cargo; but now, on the eve...Read more
