Block the ship! Channel closed! Over 2300 ships stranded! U.S. inland shipping blocked freight rates soar!

2022-10-12

Over 2300 ships stranded, U. S., inland shipping blocked, freight rates soar

The water level of the Mississippi River in the United States has dropped to its lowest level in a decade due to severe dry weather and other factors, leading to the closure of important barge channels for transporting crops in the hinterland of the cent

COSCO Sea Control Announces Pre-increase in Performance: Net Profit in the First Three Quarters About 97.2 billion Yuan, up 44% Year-on-Year

2022-10-12

COSCO Sea Control, Performance Pre-increase, Net Profit in First Three Quarters, About 97.2 billion Yuan

Yesterday (October 10), COSCO Shipping Holdings Co., Ltd. (hereinafter referred to as "COSCO Shipping Holdings") released a pre-increase announcement for the first three quarters of 2022

The market is weak and the air cargo peak season is no longer! But there may be an end-of-season peak

2022-10-12

Weak market, air cargo, peak season no longer, end-of-season peak

This time of year is usually the peak season for cargo, but so far, it is difficult to find signs of the peak season for the air cargo market. Conversely, freight rates continued to decline as demand slowed and the recovery in travel led to increased air

COSCO SHIPPING and SAIC strengthen equity cooperation to promote the deep integration of shipping logistics supply chain and manufacturing industry chain

2022-10-11

COSCO SHIPPING, SAIC, Equity Cooperation, Deep Integration Development

On October 9, China COSCO Shipping Group Co., Ltd. (hereinafter referred to as "COSCO Shipping") and Shanghai Automotive Industry (Group) Co., Ltd. (hereinafter referred to as "SAIC") signed agreements respectively. COSCO Shipping plans to transfer its h

Suez Canal's Third Quarter Revenue Reaches Record

2022-10-11

Suez Canal, Third Quarter Revenue, Record

According to official data, the Suez Canal's revenue in the third quarter of this year increased by 23.5% year-on-year to reach 2.1 billion US dollars, a record high.

Just now, Shanghai Port announced the suspension of port operations on explosives and radioactive materials.

2022-10-11

Shanghai port, suspension of explosives, radioactive substances

Yesterday (October 9), Shanghai Port Group issued a notice on the suspension of port operations of explosives and radioactive substances-from 0:00 on October 15 to 24:00 on October 23, 2022, Shanghai Port (except Yangshan Port Area) Port operations of ex

This important U.S. waterway is closed and 144 ships and 2253 barges are stranded on the water waiting for navigation! Freight is seriously blocked

2022-10-11

U. S., key shipping lanes closed, some barges stranded, waiting for navigation, cargo blocked

It is reported that due to the severe drought in the Midwest of the United States, the water level of the Mississippi River has dropped to its lowest level in a decade, resulting in the closure of some sections of the important U.S. waterway and the obst

OOCL's revenue in the third quarter increased by 16.9% year-on-year, while Pacific route freight volume decreased by 14.4% year-on-year

2022-10-11

Orient Overseas, Q3 revenue, Pacific route freight volume

On October 7, OOCL announced its operating summary for the third quarter of 2022. In the third quarter ended September 30, OOCL's total revenue increased by 16.9 percent to $5.044 billion over the same period last year.

Sudden! All ports in this country have declared force majeure due to strikes! The port is paralyzed! Logistics or delay! Please note the shipment

2022-10-10

South Africa, strike, affecting port business

On October 7, Transnet, the South African port terminal operator, announced force majeure at all ports in the country after its employees started a strike due to wage problems. South Africa is the latest country to have a strike by port workers that coul

Shenzhen Freight Forwarders Association Update: August 2022 National Port Cargo, Container Throughput

2022-10-10

In August 2022, the national port, cargo and container throughput

August 2022 National Port Cargo and Container Throughput

New ship deliveries are approaching, and new ship deliveries will break records in 2023-2024! Can the market absorb these new capacity?

2022-10-10

2023-2024, new ship deliveries, market, can digest the new capacity

With shipping companies ordering more new container ships than ever before in these two years, a large number of new ships will be delivered between 2023 and 2024.

$1 billion! Hapg-Lloth Announces New Acquisition to Expand Marine Terminal and Logistics Business

2022-10-10

$1 billion, Hapu-Lot, Announces New Acquisition, Expands Business

On October 4, Habeot announced that it had signed a binding agreement with SM SAAM.

Shocked! The dockworkers are on strike and the port is warning of unemployment!

2022-10-09

Dockworkers, strike, port, unemployment warning

The Port of Liverpool has announced plans to restructure its container division and will start a layoff consultation process next week. The Port of Liverpool, which has just ended its strike, issued an unemployment warning!

50% of congestion in the container market has been resolved, and it is predicted that the first quarter of 2023 may be normalized.

2022-10-09

50% of the shipping market, congestion problem, forecast 2023, the first quarter, to achieve normalization.

According to sea-Intelligence, a maritime data analysis company, the busy container market may soon be a thing of the past.

Notice on the Holding Time of the 17th China (Shenzhen) International Logistics and Supply Chain Expo

2022-10-09

The 17th China (Shenzhen) International Logistics and Supply Chain Expo, time

According to the epidemic prevention requirements of the State Council's "Joint Prevention and Control Mechanism", the 17th China (Shenzhen) International Logistics and Supply Chain Expo (hereinafter referred to as the "Expo") originally scheduled to be

The first one this year! The container ship was sent to be dismantled, marking a turning point in the shipping market.

2022-10-09

First ship, container ship, dismantling, container shipping market, turning point

Container ships are being dismantled. This is also the first ship to be dismantled in 2022!

Just now, the US-West freight rate has fallen below US $2000!

2022-10-09

US-West freight rates, below, $2000

The head of a large freight forwarding company pointed out that the market situation on the US-West route is quite chaotic. There are already shipping companies offering direct passengers a freight rate of US $1700 per large box (40-foot container). Majo

Freight rates have plummeted by 80%! Shipping companies have been suspended. What is the situation?

2022-09-30

Freight rates plunge 80 percent, shipping companies, halts, reasons

Generally speaking, the third quarter is the traditional peak season for global maritime container transportation, but the shipping market suffered a cold snap in the third quarter of this year, and the freight rates of major shipping routes fell sharply

From October 1, Indian Railways will resume levying a 15% peak season surcharge.

2022-09-30

From October 1, the Indian Railway Company will levy a 15% surcharge for peak season.

India's inland importers and exporters have now greatly reduced the pressure of soaring freight rates, but the new inland cost burden is approaching.

A super-strong hurricane makes landfall in Florida, USA! Roads closed, ports/airports suspended operations and thousands of flights canceled

2022-09-30

Super hurricane, landfall in Florida, roads closed, ports/airports suspended, flights canceled

On the afternoon of September 28, local time, Hurricane Ian (Hurricane Ian) made landfall near the southwest coast of Florida, USA, with an intensity of Category 4 hurricane and a maximum sustained wind speed of 240 kilometers per hour. It is the stronge