12.12
2022
2023 will break out a comprehensive "price war", the market will face further integration, freight prices plummeted!
Shipping and container cost accounting experts are predicting a bullwhip effect for the industry in 2023, a far cry from the soaring rates of 2021 and 2022, which are expected to plummet "almost to the variable cost range".
04.24
2022
Shanghai launched the city's batch closure control, how does it affect port and shipping logistics?
From 5:00 on March 28, Shanghai will implement nucleic acid screening in batches with the Huangpu River as the boundary. The first batch, Pudong, Pune and adjacent areas first to implement the closure, nucleic acid screening. April 1, 5:00 unsealed. At the same time, the key areas in the Puxi area continue to implement the closure management. The second batch, from April 1 at 3:00, in accordance with the principle of stubble, the Puxi area to implement the seal control, nucleic acid screening, April 5 at 3:00 unsealed. Within the closed area, the residential community to implement closed management, all personnel do not leave home, people and vehicles only into the. To ensure that the basic necessities of life, such as take-away, express delivery contactless delivery, shall not enter the residential area. Within the closed control area, the operation of buses, subways, ferries, rental cars and online cars will be suspended. Epidemic prevention and control, emergency medical treatment, life support, urban operation, emergency disposal and other related vehicles, the district government or the competent departments of each industry to determine the verification of the passage, the rest of the vehicles are not necessary on the road. Translated with www.DeepL.com/Translator (free version)
04.24
2022
From April 1st, the Ports of Long Beach and Los Angeles will introduce new charges to cargo owners
UPDATE: The Ports of Long Beach and Los Angeles will begin charging $10 per TEU for trailer-hauled import and export containers entering and leaving the container terminal on April 1. ($10 for small cabinets, $40 for large cabinets)
04.24
2022
Sea freight rates on multiple routes have fallen? Can the shipping company agree?
Containerized spot rates on most Chinese export routes fell this week, is this a long-term trend? In this case, the shipping company stopped more voyages. So here comes the question? With fewer voyages, how will this be reflected in future freight rates?
04.24
2022
alert! East US ports in the coming months
The number of ships berthed on the U.S. West Coast is decreasing, from more than 100 at the end of 2021 to 60 or 70 now. Some ocean freight rates have remained high over the past nine months since mid-2021, with more U.S. cargo heading to East Coast ports. Typical ports are Charleston, Houston and Norfolk, all of which have seen their imports (measured in TEUs) increase by more than 30%. While West Coast ports have achieved "record throughput," their inbound throughput has increased by single digits in relative terms; Los Angeles (still the leader in inbound TEUs in absolute terms) rose 2.7%.
04.24
2022
Cautious! How do foreign trade companies respond to international sanctions? Three risks to be aware of
For domestic enterprises, the most important focus in the face of external conflicts is how to respond to the risks brought about by the economic sanctions imposed by Western countries such as the United States and Europe on other countries, because these international sanctions will bring the country and its trading partners. The serious impact may also affect some of the international trade business of Chinese companies. How companies can avoid disasters under the sanctions must be cautious when engaging in international trade.
04.24
2022
U.S. e-commerce multi-category demand to grow in 2022
According to the emarketer-2022 US e-commerce market analysis report, auto and parts and food will be the fastest growing categories, although from a small base, but both will experience double-digit growth in 2022. The trend will remain strong in 2022.
04.24
2022
Shanghai Port waives 50% of berthing fees for berthing ships
On March 28, SIPG issued an announcement stating that from April 1, 2022, foreign trade ships that use new energy fuels and use port power when calling at Shanghai Port will be given a 50% reduction and exemption for ships calling at the port. Discount on parking fees. The reduction and exemption policy aims to encourage shipping companies to use new energy fuels and use port shore-based power supply when ships call at ports. This reduction and exemption policy of SIPG will last until December 31, 2022. In order to reduce carbon dioxide emissions and air pollution, promote the port and shipping industry to reduce pollution, reduce carbon emissions, and actively implement the "double carbon" goal proposed by the state in the "14th Five-Year Plan".
04.24
2022
alert! This operation involves transferring funds from China and causing the account to be seized!
Recently, according to court documents in a civil lawsuit in the Federal Court of the Central District of California, for at least 3 years, criminals illegally opened hundreds of banks at Bank of America for their Chinese customers by corrupting and bribing bank employees. accounts that provide hundreds of unverified individuals or organizations with direct access to the U.S. financial system.
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