Looking down on the market this year, Maersk has made it clear that it is imperative to reduce the cost. Ke Wensheng has given the answer to whether it will make substantial layoffs.

2023-02-10

Maersk, market off-season, Forwardernet.com.

"There are no signs of mass layoffs at this point. We have to focus on solving our customers' problems, we need to focus on growth and strategy, but we also need an organization that is as close as possible."

See you for a long time! Recently, the risk of exporting the country is high! Letter of credit refusal is high! Beware of buyers abandoning goods, foreign exchange collection risks, etc.

2023-02-10

Letter of credit, abandoned goods, foreign exchange risk, Forwardernet.com.

According to the relevant provisions of the foreign exchange management of the Central Bank of Bangladesh, except for special circumstances, external payments for imports and exports must generally be made by bank letters of credit.

Container throughput up 7.2 year-on-year, Tianjin Port's first month of production "good start"

2023-02-09

Tianjin Port, Container, Throughput, Forwardernet.com

At the beginning of the Spring Festival, hard work is the most important. Tianjin Port Group gave full play to the port's "hard core" advantages and continuously accelerated the construction of a world-class port. In January, it completed a cargo through

Biggest shipping lines signal slowing global trade

2023-02-09

Maersk, Global Trade, Forwardernet.com

As the shipping boom fades, global trade could fall into contraction, with shipping giant Maersk expecting a 2.5 per cent drop in global container shipping demand this year.

FMC: Shipping companies must not restrict truck operators from freely choosing frames

2023-02-08

Shipping company, truck operation, frame, Forwardernet.com

FMC Chief Administrative Law Judge Erin Wirth issued a preliminary ruling on Monday. Wirth ruled that, except in exceptional circumstances, the exclusivity agreement between the ocean carrier and the chassis supplier would be considered a violation of th

"Quality Power Construction Outline" issued! Baoan will build an international trade logistics center; these vehicles will be fully electrified

2023-02-08

Quality Power, International Trade Center, Forwardernet.com

Recently, the CPC Central Committee and the State Council issued the Outline for Building a Strong Country by Quality. The "Outline" proposes to actively develop multimodal transport, smart logistics, and supply chain logistics, improve the quality of co

China-Europe Express's January Data Released First Month Runs "off to a good start"

2023-02-08

Central Europe Banlie, January Data, Forwardernet.com

According to data recently released by the National Railway Group, in January this year, China-Europe trains opened a total of 1410 trains and transported 147000 TEUs, up 6% and 13% respectively from the same period of last year, and the comprehensive he

After the Spring Festival, the lowest sea freight in the European market quickly fell below the US $1000 mark.

2023-02-07

Europe, sea freight, Forwardernet.com.

According to the latest data from the Shanghai Shipping Exchange, the performance of China's export container transportation market after the Spring Festival holiday is slightly weak.

What are the trends and biggest challenges in the trade container market in 2023?

2023-02-07

2023, trade in goods increased

At present, the economic growth of the world's major economies is slowing down, and the growth of global trade in goods is weakening. Looking ahead to 2023, global economic and trade may continue the trend of low growth.

Slower warehouse construction could expand squeeze on space, experts say

2023-02-03

Warehouse construction, expand space extrusion, Forwardernet.com

Construction of new warehouses is slowing as developers grapple with rising interest rates and falling leasing activity, which could prolong the continued shortage of logistics space.

Amazon's fourth-quarter net profit fell 98% year-on-year to only $0.3 billion

2023-02-03

Amazon, Q4, Net Profit, Freight Forwarders

Amazon's fourth-quarter net sales were $149.2 billion, up 9% from $137.4 billion in the same period last year and exceeding the average Wall Street analysts' expectations of $145.4 billion, according to the financial report.

The main contradiction of China's foreign trade turned into weakening external demand and declining orders, and the Ministry of Commerce will fully resume offline exhibitions such as the Canton Fair.

2023-02-03

Foreign trade, weak external demand, falling orders, offline exhibition, Forwardernet.com

On the afternoon of February 2, the State Council Information Office held a press conference to introduce the business work and operation in 2022. It was announced at the press conference that my country's foreign trade in 2022 was better than expected,

[US Port Dynamics] Attention! How to arrange your goods?

2023-02-02

American ports, labor negotiations, Forwardernet.com.

With regard to the U. S.-West port labor talks, shipping industry and Biden administration officials began last May and hoped to conclude last fall.

Why does consumer demand slow down and U.S. warehouse rents increase conservatively by 10% in 2023?

2023-02-02

U.S. warehouse rental dynamics, slowing demand, conservative rent growth, Forwardernet.com.

In the United States last month, consumer spending fell in December, leaving the economy on a lower growth path through 2023, while inflation continues to subside. Consumer spending, which accounts for more than 2/3 of U.S. economic activity, fell 0.2 pe

The latest development of Shenzhen Freight Forwarders Association: China's port cargo and container throughput in December 2022

2023-02-01

Shenzhen Freight Forwarders Association, December 2022, National Ports, Container Throughput, Forwardernet.com

December 2022 National Port Cargo and Container Throughput

Spring Festival market review: Europe and the United States freight rates continue to be low, individual routes appear to make up for the decline, the proportion of suspension of new highs.

2023-01-31

Forwardernet.com, Europe and the United States freight low, individual routes to make up for the decline, the proportion of suspension

Data from the latest issue of Druri's (January 26) Global Shipping Market Report shows that the Global Container Freight Index (WCI) continued to fall slightly by 2% to $2046.51/FEU last week;

Humbag-Lot: 2M Alliance 'breakup "won't trigger further breakup of other alliances

2023-01-31

Forwardernet.com, Hapag-Lloth, 2M Alliance

The 2M alliance announced last week that it would be dissolved after the cooperation expires in 2025. This news quickly made headlines in the media and triggered speculation about the fate of other alliances in the industry.

Shandong Port Qingdao Port: Busy Production Operation of the Whole Line

2023-01-29

Shandong Port, Qingdao Port, Shipping

Even in the face of cold weather, but also can not stop the harbor people's enthusiasm for struggle. During the Spring Festival, the operation site of Qingdao Port, Shandong Port, is busy with vehicles and ships. The major docks are lined up, and the ope

Bye! Hamburg South America (Hamburg Süd)

2023-01-29

Hamburg South America, Shipping, Maersk, Sealand

Recently, Maersk's Hamburg South America (Hamburg Süd) and Sea Land (SeaLand) announced that they would be optimized and reshaped under the Maersk brand.

Shenzhen Freight Forwarders Association's Latest Developments: Shenzhen Port's Container Throughput Breaks 30 million TEUs for the First time

2023-01-11

Shenzhen Freight Forwarders Association, Shenzhen Port Container, Throughput, First Breaking 30 million TEUs

Shenzhen Freight Forwarders Association's Latest Developments: Shenzhen Port's Container Throughput Breaks 30 million TEUs for the First time