Refusing to load, abando...
Recently, the U.S. Federal Maritime Commission (FMC) issued a final rule on the unreasonable refusal of booking by shipping companies, which will take effect on September 23, 2024. The new rules aim to prohibit shipping companies from ignoring contracts, unreasonably refusing to load cargo, arbitrarily abandoning containers, and refusing to negotiate contract terms with customers for space, providing more protection for cargo owners.
Two categories of Chines...
BiodieselThe EU plans to impose temporary special tariffs on biodiesel from Chin
Big news! The shipping i...
Shipping analyst Lars Jensen warned that if Trump is re-elected as US president, it may lead to higher tariffs, changes in trade patterns and weakening of US protection of Red Sea shipping, which will increase uncertainty and risks in the global shipping industry.
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The China-Europe express train from Qom, Iran to Yiwu, Zhejiang Province has rea
Shipping giant counter-s...
The dispute between Hanshin Shipping (HMM) and Samsung Electronics America (SEA) over demurrage and container detention (D&D) during the pandemic has escalated. HMM sued SEA for nearly $13 million in unpaid fees and opposed SEA's complaint to the FMC. SEA accused HMM of "wrongly" charging 96,000 D&D fees, saying HMM violated its inland transportation obligations and charged for various reasons.
Cargo volume surges and ...
Nhava Sheva Port is facing severe congestion, mainly due to a surge in cargo volume and unstable shipping schedules. APM's GTI terminal and DP World's NSCIT terminal are particularly serious, causing delays in the entry and exit of container trucks, affecting import and export cycles. Container freight stations complain about customs clearance difficulties, and high inventory levels increase operational pressure. At the same time, Mundra Port is also facing efficiency issues, and improving port
Where is the China-EU tr...
The trade dispute between the European Union and China may not just have the auto industry on edge. In the German state of Lower Saxony, there’s another industry that could be feeling the current tremors.
Freight rates begin to f...
Recently, due to the turbulent situation in the Red Sea, shipping companies were forced to detour to Africa, and spot freight rates rose sharply. After rising for 13 consecutive weeks, the Shanghai Containerized Freight Index (SCFI) fell slightly by 1.6% to 3674.86 points last week, breaking the previous upward trend. While the SCFI index fell, the Drewry World Container Index slowed down its growth to only 1% this period after jumping 10,000 points in the previous period. Overall, the container
China's auto exports gro...
In June, China's passenger car exports reached 378,000 units, up 28% year-on-year and stable month-on-month. The data released by the China Passenger Car Association highlights the strong growth of China's automobile export industry. The recovery of the South American market is an important reason for this growth. In June, Chinese brand car exports reached 325,000 units, up 31% year-on-year. In addition, according to Xinhua News Agency, the export of luxury cars and cars produced by Sino-foreig
Tianjin accelerates the ...
As the train whistle sounded, a China-Europe freight train loaded with goods slowly drove out of the Tianjin International Land Port in Xiqing District, Tianjin, and headed for the Russian capital Moscow.