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Industry news

• The United States will investigate the three major shipping companies, MSC raises objections

  Time: 2022-03-10 | Publisher: Kevin

  

  Now that the world is raging amid the Russia-Ukraine crisis, the White House has raised questions about prices and competition in the liner industry.Some time ago, the Biden administration in the United States condemned the phenomenon of indiscriminate charges by liner companies, and delivered a speech to rectify the global liner...
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• Rising oil prices drive up freight rates, and shipping companies urgently charge fuel surcharges

  Time: 2022-03-07 | Publisher: Kevin

  

  The price of crude oil, one of the most common commodities in the world, has been severely affected by the conflict between Russia and Ukraine, and the price has been rising. The same is true of the international oil price associated with it.At present, the price of crude oil has risen to a high level, reaching more than $105 a barre...
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• After shipping companies, freight forwarders and logistics companies also suspend operations in Russia

  Time: 2022-03-04 | Publisher: Kevin

  

  After HPL and ONE announced the suspension of bookings to and from Russia a few days ago, 2M alliance partners, the world's first and second largest shipping companies also officially announced that they will tentatively schedule round-trip bookings to Russia.Switzerland-based MSC said it would "temporarily suspend ...
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• Biden administration condemns shipping companies for arbitrary charges, and demands lower freight rates

  Time: 2022-03-03 | Publisher: Kevin

  

  The strain on global supply chains has overwhelmed ports in many countries, especially those in the United States. Congestion at the LA/LB port has continued to this day.Earlier, President Biden said the port would operate 7/24 to process the containers piled up at the port as quickly as possible.Just recently, U.S. Preside...
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• Congestion still continues, freight rates may have a rise in March

  Time: 2022-03-02 | Publisher: Kevin

  

  The tense situation of the global supply chain has not been fundamentally resolved, and port congestion is still the main theme of the global shipping industry. Coupled with the recent conflict between Russia and Ukraine, the shipping market will face huge challenges.In this context, many shipping companies have to cancel multiple vo...
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• Ships bound for Odessa are diverted, and many shipping companies suspend bookings

  Time: 2022-02-28 | Publisher: Kevin

  

  The recent relationship between Russia and Ukraine has affected the global situation. According to relevant media reports, on the 24th local time, Ukrainian military facilities were attacked by missiles.It is reported that Russian troops have landed in Odessa, Ukraine's largest port city. Finally, the Assistant Minister of...
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• After the Spring Festival, the congestion will come again? The US port congestion has shifted

  Time: 2022-02-24 | Publisher: Kevin

  

  With the end of the Chinese New Year, many factories began to open one after another. However, the congestion at the port has not eased due to the previous holiday.Yang Ming noted that while the number of ships queuing at U.S. West Coast ports has decreased, the waiting time has also dropped from a month to around 20 days. But...
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• Container production has gradually increased, and new container prices have declined.

  Time: 2022-02-23 | Publisher: Kevin

  

  In the early days of the outbreak, the demand for containers was also increasing due to the sharply rising import demand. However, the surge in demand has not been adequately supplied, so container prices have remained high.This situation has continued to this day. But now Drewry has released data showing that China's container ...
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