CNNews
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Warning! Another major port of Europe is on strike
Hundreds of dockworkers in Liverpool will vote on whether to strike over wages and working conditions. More than 500 workers at MDHC Container Services, a subsidiary of British billionaire John Whittaker’s Peel Ports unit, will vote on a strike action that could cost Britain’s biggest...Read more -
W/C America freight rate fell below 7,000 US dollars!
The latest Container Freight Index (SCFI) released by the Shanghai Shipping Exchange dropped 1.67% to 4,074.70 points. The freight rate of the largest freight volume in the US-Western route fell 3.39% for the week, and fell below US$7,000 per 40-foot container, came to $6883 Due to the recent str...Read more -
East African Community Published New Tariff Policy
The East African Community issued a statement announcing that it has officially adopted the fourth tranche of the common external tariff and decided to set the common external tariff rate at 35%. According to the statement, the new regulations will come into effect on July 1, 2022. After the new ...Read more -
Over $40 billion in cargo stranded at ports still awaiting unloading
There are still more than $40 billion worth of container ships waiting to unload in the waters surrounding North American ports. But the change is that the center of the congestion has shifted to the eastern United States, with about 64% of waiting ships concentrated in ...Read more -
The freight rate of the US line has plummeted!
According to Xeneta’s latest shipping index, long-term freight rates rose 10.1% in June after a record 30.1% rise in May, meaning the index was 170% higher than a year earlier. But with container spot rates falling and shippers having more supply options, further monthly gains seem unlikely...Read more -
Joe Biden will cancle some tariffs on China as soon as this week
Some medias quoted informed sources and reported that the United States may announce the cancellation of some tariffs on China as soon as this week, but due to serious differences within the Biden administration, there are still variables in the decision, and Biden may also offer a compromise pla...Read more -
Demand has plummeted! The prospect of international logistics is worrying
Demand has plummeted! The prospect of international logistics is worrying Recently, the sharp drop in U.S. import demand has caused a stir in the industry. On the one hand, there is a large backlog of inventory, and major department stores in the United States are forced to launch a “discou...Read more -
Demand has plummeted! The prospect of international logistics is worrying
Demand has plummeted! The prospect of international logistics is worrying Recently, the sharp drop in U.S. import demand has caused a stir in the industry. On the one hand, there is a large backlog of inventory, and major department stores in the United States are forced to launch a “discou...Read more -
Bangladesh significantly raises import tax on products, with import tax on 135 products raised to 20%
The Bangladesh National Revenue Service (NBR) has issued a Statutory Regulatory Order (SRO) to increase the regulatory duty on imports of more than 135 HS-coded products to 20% from the previous 3% to 5% to reduce these Imports of products, thereby easing the pressure on foreign exchange reserves...Read more -
The freight rate fell sharply, and the spot freight rate fell below the long-term agreement!
Comprehensive current major shipping indices, including Drewry’s World Container Index (WCI), Freightos Baltic Sea Price Index (FBX), Shanghai Shipping Exchange’s SCFI Index, Ningbo Shipping Exchange’s NCFI Index and Xeneta’s XSI Index all show, Due to the lower-than-expec...Read more -
U.S. Import Demand Dropping Sharply, peak season of shipping industry may not be as good as expected
The shipping industry is increasingly concerned about excess shipping capacity. Recently, some American media said that the import demand of the United States is falling sharply, which has caused quite a stir in the industry. A few days ago, the US House of Representatives recently passed the ...Read more -
Strike at Europe’s largest port
A few days ago, many German seaports held strikes, including Germany’s largest port Hamburg. Ports such as Emden, Bremerhaven and Wilhelmshaven were affected. In the latest news, the Port of Antwerp-Bruges, one of Europe’s largest ports, is preparing for another strike, at a time when...Read more
