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Industry news

• 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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• 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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