Recently, major shipping lines including CMA CGM and Maersk have announced their freight rate adjustments for September. Starting September 1, CMA CGM has implemented price increases on routes from Far East to Central & Southern West Africa, and from Far East to East Africa. For the Far East to Central & Southern West Africa route …
As freight rates continue to plunge to “unbelievably low” levels, major shipping giants are taking drastic measures to stabilize the market. These strategies include voyage cancellations, capacity reallocation, delays in new route launches, and overall capacity reductions. 47 Voyages Canceled in the Coming Weeks According to Drewry’s predictions, 47 out of the 715 scheduled voyages …
On December 10, the General Administration of Customs (GAC) of China released data showing that, in the first 11 months of this year, China’s total import and export value of goods reached 39.79 trillion yuan, an increase of 4.9% compared to the same period last year. This consisted of 23.04 trillion yuan in exports and …
Customs Reports Stable Growth in China’s Foreign Trade for 2024 Read More »
(Local time, Monday) Maersk, one of the world’s shipping giants, announced that due to strong demand in the container market and ongoing chaos from the Red Sea crisis, signs of further congestion are emerging in global ports, especially in Asia and the Middle East. Singapore, one of the busiest ports in the world and a …
Singapore Port Faces Major Congestion as Global Shipping Chain Tested Read More »
It’s been reported that the situation at the Port of Baltimore is gradually improving. Recently, Mærsk Line issued a statement announcing the resumption of new bookings for the Port of Baltimore on the U.S. East Coast. Mærsk Line stated that with ongoing efforts to reopen direct services to the Port of Baltimore, plans are in …
Dear Valued Customers, We are dedicated to providing top-notch services to each of our clients. In order to optimize warehouse space usage and safeguard our clients’ interests, we have several packages that have been stored in our warehouse for over a year. Unfortunately, we have been unable to contact the owners (our clients) of these …
Important Notice Regarding Unclaimed Packages – 03/24/2024 Read More »
Since November last year, Houthi rebels have launched at least 60 attacks on the Red Sea shipping route, continuously affecting global maritime transport. Additionally, the Suez Canal recently announced the imposition of an additional fee of at least $3,500. On March 12th local time, the Houthi rebels in Yemen declared that they had fired multiple …
Escalating Tensions in the Red Sea: Impact on Global Shipping and Suez Canal Fees Read More »
Dear Valued Customers, As the year 2024 approaches, we would like to take this opportunity to extend our sincerest gratitude for your continued support. We hope that the new year brings you joy, prosperity, and success. We are writing to inform you that our company will be closed for the Chinese statutory holiday from January …
Holiday Closure Notice (From January 1st to January 3rd, 2024) Read More »
Price increases fail, fares continue to fall on multiple routes! Shipping companies have increased fares four times since July by reducing sailings and cutting capacity, but due to weak global economic demand, the market recovery has been slower than expected. On August 24, the World Container Index (WCI) announced a 3.5% decrease, and the Shanghai …
Price increases fail, fares continue to fall on multiple routes! Read More »
NO.1: Asia-US container shipping volume decreased by 20% According to data released on June 19th, the volume of container shipments from Asia to the United States in May was 1,474,872 (calculated in 20-foot equivalent units), a decrease of 20% compared to the same period last year, with a decrease similar to that of 19% in …