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04/162024
Freight prices rise twic...
The latest Shanghai Containerized Export (SCFI) freight index was released, rising 11.61 points to 1757.04 points, a weekly increase of 0.66%, and a slight increase for two consecutive weeks. Although the overall increase is small, the performance of different routes shows obvious differences. The performance of the four major routes was mediocre and all continued to decline. The freight rate trend of the route from the Far East to South America was the strongest, with an increase of 17.68% per
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04/152024
The situation in the Mid...
German Chancellor Scholz departed from Berlin on Saturday and arrived in Chongqing, China on Sunday. Scholz and his delegation will go to Shanghai on Monday and to Beijing, the capital, on Tuesday. Scholz brought along 12 corporate executive representatives from Siemens, Bayer, BASF, BMW and Mercedes-Benz.
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04/122024
China-Europe freight tra...
Reporters recently learned from Xi'an Customs that in the first quarter of this year, the customs had accepted 259 return freight segment declarations from 103 companies, deducting a total of 2.096 million yuan (RMB, the same below) for domestic freight from the dutiable price. ), reducing taxes by RMB 273,000.
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04/112024
COSCO Shipping announced...
On April 9, the official website of COSCO Shipping Lines issued a notice stating that the GRI of the US line (the United States and Canada) will be raised starting from May 15, 2024.
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04/102024
Claim for US$12.3 millio...
Flexport, the world's leading technology logistics giant, has officially filed a lawsuit of up to US$12.3 million against Giti Tire, accusing the latter of refusing to pay huge container demurrage fees and leaving Flexport to bear the costs.
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04/092024
The market seeks alterna...
As a strategic alternative to promote the flow of goods between Eurasia, the importance of the China-Europe international railway transport service is increasingly recognized by the outside world.
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04/082024
Famous American companie...
The American shoe giant Shoes for Crews (branded non-slip shoes) filed for bankruptcy protection on April 1. Its creditor list revealed a thought-provoking phenomenon: freight and logistics costs accounted for 41% of the company's total debt, amounting to nearly 1,000 Ten thousand U.S. dollars. This high debt ratio highlights the importance of logistics chains in the current business environment.
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04/072024
Freight rates end 7 cons...
The latest Shanghai export container Freight Index (SCFI) released by the Shanghai HNA Exchange shows that the index recovered to 1,745.43 points this week, up 0.83%, ending a seven-week decline. The small increase in European route rates remained stable, while the US East and US West route rates continued to fall by about 2%, but the decline has narrowed. Routes to the Persian Gulf and South America saw increases of more than 10 percent.
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04/032024
Declare general average?...
The fallout from the Baltimore bridge collapse continues. Due to the significant damage caused by the accident, it is increasingly likely that the owners of the container ship DALI will declare general average (GA), which means that the owners may be under pressure to pay a large bill. Although attorneys representing ship owner Grace Ocean and operator Synergy filed a petition in Maryland District Court on April 1 claiming no liability for the accident and seeking limited damages, asking for any
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04/022024
Get ahead of yourself! ...
Recently, Ocean Network Shipping (ONE), a member of THE Alliance, and Yangming Shipping jointly announced the 2025 Trans-Pacific route service plan, which will be formally implemented in February of the following year. THE launch of this route service is designed to reduce the impact of Hapag-Lloyd's exit from the Alliance in 2025 on the routes of the alliance.
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