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The risk of strikes by US port workers has continued shipping costs to rise
Recently, the risk of a mass strike by port workers in the United States has escalated. The strike not only affects the logistics in the United States, but also has a big impact on the global shipping market. Especially regarding shipping costs, logistics disruptions and delays due to the strikes...Read more -
Maersk raised its full-year profit forecast again, and sea freight continued to rise
Sea freight costs are expected to continue to rise as the Red Sea crisis continues to worsen and trade activity gradually increases. Recently, the world’s leading container shipping company Maersk announced raised its full-year profit forecast, this news has attracted wide attention in the ...Read more -
Singapore port faces severe congestion and export challenges
Recently, there is serious congestion in Singapore port, which has a considerable impact on global foreign trade transportation. As an important logistics hub in Asia, the congestion situation of Singapore port has attracted wide attention. Singapore is the world’s second-largest container ...Read more -
China-Russian Trade Under U.S. Sanctions
Under the sanctions imposed by the United States, China-Russian trade has demonstrated tenacious resilience and determination. As China-Russian trade deepens and strengthens, over 90% of the settlements between the two countries are now conducted in their own currencies, with nearly all transacti...Read more -
The Red Sea situation, the status of the Asia-Europe shipping routes in May.
Due to the situation in the Red Sea, the Asia-Europe shipping routes have faced some challenges and changes in May. The capacity of the Asia-Europe routes has been affected, and some shipping companies such as MAERSK and HPL have chosen to reroute their vessels around the Cape of Good Hope in Afr...Read more -
Dangerous Goods Import And Export
Submit Specific Material Dangerous goods refer to dangerous goods that belong to category 1-9 according to international classification standards. It is necessary to choose ports and airports qualified for the import and export of dangerous goods, use log...Read more -
During 2021, shippers were embroiled in a protracted struggle against the crunch in trucking capacity and the escalation of freight rates.
The truck driver shortage had been an issue before the COVID-19 pandemic disrupted supply chains, and the recent growth in consumer demand has further exacerbated the problem. According to U.S. Bank’s data, although freight shipments are still below pre-pandemic levels, they have seen a 4.4...Read more -
New foreign trade regulations in August
1.China implements temporary export control on some UAVs and UAV-related items. The Ministry of Commerce, the General Administration of Customs, the National Defense Science and Technology Bureau and the Equipment Development Department of the Central Military Commission issued an announcement o...Read more -
international and domestic trade events
/ domestic / Exchange rate RMB soared above 7.12 at one time. After the Federal Reserve raised interest rates as scheduled in July, the US dollar index fell, and the exchange rate of RMB against the US dollar rose accordingly. The s...Read more -
ONE launches new internal services in Asia.
Singapore-based shipping company ONE will launch a new route connecting Thailand, Viet Nam, China and Japan. The newly opened Thailand Hakata Express (THX) will have the following port rotations: Bangkok (Thailand)-Linchabang (Thailand)-Ho Chi Minh (Viet Nam)-Nansha (China)-Hakata (Japan)-Kobe ...Read more -
International and domestic trade events
|Domestic| Economic Daily: A Rational View of RMB Exchange Rate Fluctuation Recently, the RMB has continued to depreciate against the US dollar, and the offshore and onshore RMB exchange rates against the US dollar have successively fallen below multiple barriers. On June 21, the offshore RMB onc...Read more -
The latest:List of new domestic and foreign trade regulations in July
Ministry of Commerce fully implements policies and measures to promote stable scale and excellent structure of foreign trade. The General Administration of Customs issued the revised standard of origin under CEPA in Hong Kong. Central banks of China and Arab countries renew bilateral local curren...Read more
