CNInsights
-
Dubai to build new world-class superyacht refit and service center
Al Seer Marine, MB92 Group and P&O Marinas have signed a Memorandum of Understanding to form a joint venture to create the UAE’s first dedicated superyacht refit and repair facility. The new mega-shipyard in Dubai will offer world-class bespoke refits to superyacht owners. The yard is s...Read more -
In 2022, the cumulative number of China-Europe trains has reached 10,000
Since the beginning of this year, the number of China-Europe trains has reached 10,000, and a total of 972,000 TEUs of goods have been sent, a year-on-year increase of 5%. The person in charge of the freight department of China National Railway Group Co., Ltd. introduced that the high-quality dev...Read more -
More than 50 Russian companies have obtained certificates for exporting dairy products to China
Russian Satellite News Agency, Moscow, September 27. Artem Belov, general manager of the Russian National Union of Dairy Producers, said that more than 50 Russian companies have obtained certificates for exporting dairy products to China. China imports dairy products worth 12 billion yuan a year,...Read more -
Sea Freight Drops Sharply, Market Panic
According to data from the Baltic Shipping Exchange, in January this year, the price of a 40-foot container on the China-US West Coast route was about $10,000, and in August it was about $4,000, a 60% drop from last year’s peak of $20,000. The average price fell by more than 80%. Even the price f...Read more -
Freight rates plummeted! West America route Down 23% in a week! Zero and negative freight rates for Thailand-Vietnam route
Container freight rates continued to fall sharply, driven by port congestion and excess capacity and the widening gap between supply and demand caused by inflation. Freight rates, volumes and market demand on the trans-Pacific eastbound Asia-North America route continued to decline. The peak seas...Read more -
What is the difference between open blind rivets and closed blind rivets?
Open-type blind rivets: the most widely used in the market, and the most common blind rivets. Among them, open-type oblate blind rivets are the most widely used, and countersunk head blind rivets are suitable for riveting occasions that require smooth performance. Closed blind rivet: It is a blin...Read more -
Port of Felixstowe strike may last until year-end
The port of Felixstowe, which has been on strike for eight days from August 21, has yet to reach an agreement with port operator Hutchison Ports. Sharon Graham, secretary general of Unite, which represents striking workers, pointed out that if the felix Dock and Railway Company, the port operator...Read more -
Freight rates continue to fall! The strike has begun
The container freight rate continued to fall. The latest Shanghai Container Freight Index (SCFI) was 3429.83 points, down 132.84 points from last week, or 3.73%, and has been steadily declining for ten consecutive weeks. In the latest issue, the freight rates of major ro...Read more -
Charge again due to congestion! Maersk announces an import surcharge
At present, the situation in the Canadian ports of Prince Rupert and Vancouver continues to deteriorate, with record-breaking times for import containers. In response, CN Rail will take several steps to restore mobility to the transport network by establishing multiple bailout container yards to ...Read more -
Strike at Two Major Ports, European Ports might Fall completely
The UK’s largest port, Port of Felixstowe, will hold an 8-day strike this Sunday, one after another. raise. A strike at Britain’s two largest container ports will further strain supply chains, jeopardizing the operation of already congested major European ports. Some British shipping ...Read more -
The “lifeline” of the European economy is Cut Off! Freight is Blocked and Costs Increase Sharply
Europe could be suffering its worst drought in 500 years: This year’s drought could be worse than 2018′s, said Toretti, a senior fellow at the European Commission’s Joint Research Centre. How severe is the drought in 2018, even if you look back at least 500 years in the past, th...Read more -
US $5,200 for America West Route! Online booking fell below $6,000!
According to Freight Forwarding Company of Chinese Taiwan, it received a special freight rate for the America west route of Wanhai Shipping, with a shock price of US$5,200 per large container (40-foot container), and the effective date is from the 12th to the 31st of this month. A large freight f...Read more
