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Industry news

• Freight rates continue to fall, and the profit margins of shipping companies are gradually shrinking

  Time: 2022-10-18 | Publisher: Kevin

  

  Just like the concern about the sharp rise of freight rates before the epidemic, shippers are also very concerned about the sharp drop of container freight rates today. The freight rates of all major routes in the world have declined to varying degrees, with the US West route being the most serious.In the days after the Nation...
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• The global shipping demand has declined seriously, and several routes have been cancelled or replaced

  Time: 2022-10-13 | Publisher: Kevin

  

  Now the shipping price is getting lower and lower day by day, and the profit margin of shipping companies is also gradually shrinking. Just last month, after the suspension of two trans Pacific routes, Maersk, a shipping giant, announced that it would reduce the capacity of some Asian Nordic routes.It is obvious that this approach ...
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• The freight rate of west coast has exceeded 2000 dollars! Shipping company will suspend the voyage and reduce the shift

  Time: 2022-10-09 | Publisher: Kevin

  

  It is obvious that compared with the initial stage of the epidemic, the centralized transportation market is not as hot as before, and the price is also falling.Moreover, there is no sign that the container freight rate has stopped falling so far. The Shanghai Export Container Freight Index (SCFI) fell below 2000 points in the...
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• A new round of strike is about to begin at the port of Liverpool and Port Felixto

  Time: 2022-09-30 | Publisher: Kevin

  

  At present, the strike of British port workers affects the progress of global shipping. The supply chain has been congested by strikes at Felixstow Port and Liverpool Port.(Related reading: Liverpool Port in England has started a two-week strike, which may affect container transport in the country)It is reported that the Unit...
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• Cargo transfer, NY/NZ port may become the busiest port

  Time: 2022-09-28 | Publisher: Kevin

  

  At present, in the United States, the cargo of ports is gradually transferred from the west coast to the east coast. This brings a lot of pressure to NY/NZ port on the east coast.It is reported that in August this year, the container throughput of NY/NZ Port was 843191TEU, that of Long Beach Port was 806940TEU, and...
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• Container freight rates continue to weaken, will the era of sea freight windfall profits end?

  Time: 2022-09-27 | Publisher: Kevin

  

  Global inflation, US interest rate hikes and the Russia Ukraine war have continued to impact the purchasing power of European and American consumers, and container shipping rates have fallen for 15 consecutive weeks.With the global economic recession, the cost of transporting goods from China has hit a new low in nearly two years...
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• Matson cancels China California Express (CCX) service

  Time: 2022-09-26 | Publisher: Kevin

  

  At present, due to the continuous decline in cargo volume, the ocean freight to the United States is gradually declining. The shipping company has taken many measures to deal with this.It is understood that due to the sharp drop in freight rates on the trans Pacific route, Mattson has closed its China California Express (CCX)...
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• Liverpool Port in England has started a two-week strike, which may affect container transport in the country

  Time: 2022-09-23 | Publisher: Kevin

  

  After the trade union and the port operator failed to reach the latest salary agreement, the dock workers at Liverpool Port in the UK began a two-week strike on the evening of Monday (19th).The union said that its members would stay on strike until October 3 to ask for a salary increase to match the inflation rate. They will stri...
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