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Industry news

• The container market was booming in the first half of the year, can it continue?

  Time: 2021-07-07 | Publisher: Kevin

  

  Nowadays, the strong container market allows carriers to seek additional ships to profit from the current record high freight rates in the market.According to data provided by VesselsValue, a ship valuation website, a total of 277 container ships changed hands in the first half of 2021.This is a 103.7% increase from the transaction v...
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• New ship orders hit a record high! Will the ship market maintain this state?

  Time: 2021-07-06 | Publisher: Kevin

  

  The 25 billion USD container ship "order wave" pushed the global new ship orders in the first half of the year to a 7-year high.However, this unprecedented "order wave" seems to be slowing down. The rapid increase in ship prices and fewer and fewer shipyards have allowed the market to move from "excitem...
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• There is a shortage of containers in Asia and a surplus of containers in Europe and America. What are the reasons for this?

  Time: 2021-07-05 | Publisher: Kevin

  

  We all know that the global trade recession in 2020 will cause a significant decline in trade volume.However, since the third quarter of last year, there has been a strange phenomenon in global shipping, that is, the number of containers is seriously insufficient, and the price of containers has risen sharply.Global trade has begun to ...
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• A container is hard to find, but. . . .

  Time: 2021-06-28 | Publisher: Kevin

  

  Recently, COSCO Shipping Company released a tripartite cooperation agreement, the object of which is the United Nations Food Aid Service and the World Food Program.The agreement indicates that COSCO Shipping will provide discount services when providing aid to the two of them. At the same time, the two of them will...
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• Why is the cabin vacancy rate high?

  Time: 2021-06-25 | Publisher: Kevin

  

  Why container production, port response policies are constantly updated, ship owners also buy a lot of new ships, the sea freight rate is still constantly rising?In fact, at present global shipping prices have exceeded international expectations.According to shipping big data, 42% of the world's ships are idle.As a result of the e...
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• The Port of Los Angeles set a new record in the western hemisphere

  Time: 2021-06-21 | Publisher: Kevin

  

  The Port of Los Angeles announced Tuesday that it will become the first port in the Western Hemisphere to handle more than one million TEUs in a month, setting a record.This May has been the busiest month ever for the nation's busiest port. It handled 1,012,248 boxes in May, a 74 percent increase from May 2020, when CO...
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• Shipping season is coming, a new round of price hikes are about to appear

  Time: 2021-06-18 | Publisher: Kevin

  

  According to the National Retail Association, U.S. port container imports will remain above 2 million TEU in all months from May to September, an increase from previous forecasts, as economic activity gradually recovers, but U.S. retailers' inventories remain at near 30-year lows and strong restocking needs will further b...
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• The delays at the port of Yantian VS the disruption of the Suez Canal,who has had the greater impact?

  Time: 2021-06-11 | Publisher: Kevin

  

  The delays at the port of Yantian and the disruption of the Suez Canal at the end of March are both big challenges for the shipping industry, but who has had the greater impact?The butterfly effect of the salt pan incident has spread to every player in the supply chain, or to shipping and supply chains around the world in a way that...
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