CNInsights
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Breaking News！Explosion at container depot nearby Chittagong, Bangladesh
At about 9:30 p.m. local time on Saturday (June 4), a fire broke out in a container warehouse near Chittagong Port in southern Bangladesh and caused an explosion of containers containing chemicals. The fire spread rapidly, killing at least 49 people, More than 300 people were injured, and the fir...Read more -
More than 6,000 commodities are exempt from customs duties in Brazil
The Brazilian Ministry of Economy announced a 10% reduction in import tariffs on commodities such as beans, meat, pasta, biscuits, rice and construction materials. The policy covers 87% of all categories of imported goods in Brazil, involving a total of 6,195 items, and is valid from June 1 this ...Read more -
U.S. Announced that Extension of Tariff Exemptions for THESE Chinese Products
The U.S. Trade Representative announced on the 27th that it will extend the exemption from punitive tariffs on some Chinese medical products for another six months to November 30. Relevant tariff exemptions covering 81 health care products needed to deal with the new crown epidemic were due to ex...Read more -
Some of the new external measures of the General Administration of Customs
The General Administration of Customs takes urgent preventive measures against 6 Russian fishing vessels, 2 cold storages and 1 cold storage in South Korea 1 batch of frozen pollock, 1 batch of frozen cod caught by Russian fishing boat and stored in South Korea ，3 batches of frozen cod directly ...Read more -
Ports of Los Angeles, Long Beach may implement long-delayed container detention fees，which would affect the shipping companies
Maersk said this week that it expects the ports of Los Angeles and Long Beach to implement container detention charges soon. The measure, announced in October last year, has been delayed week after week as the ports continue to deal with congestion. In a rate announcement, the company said the li...Read more -
Pakistan Published the Announcement about Prohibited Import Products
A few days ago, Pakistani Prime Minister Shehbaz Sharif announced the decision on Twitter, saying the move would “save precious foreign exchange for the country”. Soon after, Pakistan’s Information Minister Aurangzeb announced at a news conference in Islamabad that the governmen...Read more -
The Three Major Alliances Cancel 58 Voyage! Global Freight Forwarding Business would be Affected Deeply
The surge in shipping container rates since 2020 has surprised many freight forwarding practitioners. And now the drop in ship rates due to the pandemic. The Drewry Container Capacity Insight (the average of spot rates on eight Asia-Europe, trans-Pacific and trans-Atlantic trade lanes) has conti...Read more -
Because of cargo volumes decrease, three alliances to cancel more than one-third of Asia sailings
The three major shipping alliances are preparing to cancel more than a third of their Asia sailings in the coming weeks in response to a drop in export cargo volumes, according to a new report from Project44. Data from the Project44 platform shows that between 17 and 23 weeks, THE Alliance will c...Read more -
The port is heavily congested with delays of up to 41 days! Asia-Europe route delays hit record high
At present, the three major shipping alliances cannot guarantee normal sailing schedules in the Asia-Nordic route service network, and operators need to add three ships on each loop to maintain weekly sailings. This is the conclusion of Alphaliner in its latest tradeline schedule integrity analys...Read more -
BREAKING: India Bans Wheat Exports!
India bans wheat exports due to food security threats. In addition to India, many countries around the world have turned to food protectionism since the Russian army invaded Ukraine, including Indonesia, which banned the export of palm oil at the end of last month. Experts warn that countries blo...Read more -
Chinese Customs’ Announcement about Mongolia Sheep. Pox and Goat Pox
Recently, Mongolia reported to the World Organization for Animal Health (OIE) that from April 11 to 12, sheep pox and 1 farm in Kent Province (Hentiy), Eastern Province (Dornod), and Sühbaatar Province (Sühbaatar) occurred. The goat pox outbreak involved 2,747 sheep, of which 95 became ill and 13...Read more -
Biden is Considering to Stop China – US Trade War
U.S. President Joe Biden said he knew people were suffering from high prices, saying tackling inflation was his domestic priority, according to Reuters and The New York Times. Biden also revealed that he is considering canceling the “punitive measures” imposed by Trump’s tariffs...Read more
