News
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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 -
The “Yuan” continued to strengthen in November
On the 14th, according to the announcement of the Foreign Exchange Trading Center, the central parity rate of the RMB against the U.S. dollar was raised by 1,008 basis points to 7.0899 yuan, the largest single-day increase since July 23, 2005. Last Friday (11th), the central parity rate of the RM...Read more -
Germany Partially Approves COSCO Shipping’s Acquisition of Hamburg Port Terminals!
COSCO SHIPPING Ports announced on the Hong Kong Stock Exchange on October 26 that the German Ministry of Economic Affairs and Energy had partially approved the company’s acquisition of the Hamburg Port Terminal. According to the tracking of the most shipping company for more than a year, th...Read more -
MSC Acquires Another Company, Continues Global Expansion
Mediterranean Shipping (MSC), through its subsidiary SAS Shipping Agencies Services Sàrl, has agreed to acquire 100% of the share capital of Rimorchiatori Mediterranei from Genana-based Rimorchiatori Riuniti and DWS Infrastructure Investment Business Management Fund. Rimorchiatori Mediterranei is...Read more -
Volumes will face a sharp drop in the fourth quarter
The major container hub ports in northern Europe are facing a significant reduction in calls from the alliance (from Asia), so the final quarter of the year is likely to face a significant drop in throughput. Ocean carriers are being forced to significantly adjust weekly capacity from Asia to Eur...Read more