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Industry news

• Finally! Egyptian Authority to widen and deepen Suez Canal

  Time: 2022-02-22 | Publisher: Kevin

  

  Many shippers still remember the 2021 stranding of the Ever Given in the Suez Canal. The months-long congestion took a toll on them, and there were calls from the industry to widen the canal. Now that wish is about to come true.According to relevant media reports, the Egyptian Suez Canal Authority said on February 17 that the...
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• Several shipping companies cooperate with international organizations to form new alliances

  Time: 2022-02-21 | Publisher: Kevin

  

  Now the complexity of the global maritime situation is unimaginable, and many maritime players are looking for ways to obtain higher returns.It is understood that on February 15, the Container Shipping Alliance (DCSA), which consists of nine shipping companies including shipping giants Maersk, Mediterranean Shipping and Hapa...
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• U.S. port congestion eases, but Asian ports worsen

  Time: 2022-02-17 | Publisher: Kevin

  

  Port congestion is going global, straining global supply chains. Especially in the second half of 2021, the congestion problem of LA/LB, the two largest ports in the United States, has deteriorated sharply.However, data recently showed that the number of container ships waiting to be berthed at the two ports fell to 78. At the b...
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• The FMC will oversee the phenomenon of indiscriminate charges by shipping companies and freight forwarders

  Time: 2022-02-16 | Publisher: Kevin

  

  Port congestion has become the main theme of the shipping industry in 2021 and may even be in 2022. Faced with this thorny problem, shippers are most worried about paying extra costs. This includes demurrage and retention fee.However, due to the indiscriminate collection of these two charges by shipping companies and freight forwarder...
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• The new long-term contract will push the freight rate to a new height

  Time: 2022-02-15 | Publisher: Kevin

  

  The freight rate price in 2022 is still at a high level, which is largely caused by the epidemic. This allows the shipping company to see the hope of huge profits.Now some shippers say that the shipping company has a negotiating advantage in the long-term contract signed with it. This contract will determine the fees to be paid by the...
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• Port congestion, the decline of scheduled shift rate and the crisis of strike, will the freight rate rise again?

  Time: 2022-02-14 | Publisher: Kevin

  

  With the end of the Chinese Spring Festival, many factories began to work one after another. However, the congestion of the port has not been alleviated due to the previous holidays.Some experts pointed out that as many factories have begun to work, shipments may start to rise at the end of February, and the shipping industry will ...
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• Port congestion may affect the increase of US trade deficit

  Time: 2022-02-11 | Publisher: Kevin

  

  Port congestion has lasted for some time, which is a huge blow to the shipping industry. The digital supply chain platform project44 shows that all fields are experiencing continuous turbulence.It is clear that continued port congestion will lead to shipping delays. Not only that, it will also bring more negative effects to Global tr...
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• At the end of the Spring Festival, will the freight rate continue to return to a high level?

  Time: 2022-02-10 | Publisher: Kevin

  

  The continuous high growth of sea freight makes shippers and freight forwarders suffer. Although the freight rate decreased in early 2022, the problem of port congestion has not been solved, and the freight rate will rise sooner or later.According to the latest data, after the Chinese traditional festival Spring Festival, the sea fr...
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