Shanghai container export index falls, shipping market faces challenges
February 28, 2024
With the end of the Lunar Spring Festival, the latest data released by the Shanghai Container Export Index (SCFI) showed a slow recovery in the market and a general drop in container shipping prices. According to data released on 23rd, the SCFI index dropped 56.4 points to 2109.91 points, falling to 2.6%. This change is consistent with market expectations, reflecting the gradual restoration of production in the post-Calendary plant, but the overall demand has not yet been fully disclosed.
Understanding the composition and rationality of freight forwarding costs
16 January 2024
In the process of export, enterprises face many challenges, especially for judgment of the composition and rationality of the costs. This article aims to analyze in detail the composition of the cost of freight, to help enterprises understand the costs, and to distinguish which of them are reasonable, which may be charged for the goods by name, so that the number in mind. The composition of the cost of freight The composition of the cost of shipping...
The crisis in the Red Sea has aggravated European business and shipping delays and rising costs.
5 January 2024
For Thomas O'Brien, owner of the British family business Boxer Gifts, a 250% surge in costs is a harsh reality. The Leeds-based company, which designs games and seasonal gifts, manufactures its products in China and thus heavily relies on global shipping. However, with commercial vessels passing through the Red Sea frequently coming under attack over the past month or so, it has led to...
The Christmas shipping season is expected to cause freight rates in Asia and Europe to continue to rise in December
15 December 2023
According to the latest report released by Linerlytica, Asia-European shipping charges are expected to continue to rise throughout December as shippers drive out cargo before Christmas. This trend reflects the impact of the holiday season on the international logistics and transportation markets. Asia to Northern Europe and the Mediterranean Sea shipping prices rise The latest Shanghai Container Shipping Price Index shows that shipping prices from Asia to Northern Europe have already risen.
Global shipping faces dual challenges: the drought of the Panama Canal and the security threat of the Suez Canal
4 December 2023
The two world’s largest shipping gorges, the Panama Canal and the Suez Canal in Egypt, have faced serious transportation challenges in recent years. The drought crisis in the Panama Canal has caused congestion, while the Suez Canal has been affected by security threats and potential additional pressure. The two shipping channels have had a significant impact on global trade, forcing many shipping companies and export companies to rethink the issue.
At the end of the year, high-season sellers face rising airline prices and operational tensions
December 1, 2023
As the end of the year approaches, the cross-border e-commerce market has entered the boom season, but at the same time, sellers also face major challenges in air transport logistics. According to recent market feedback, after entering October, air transport prices continue to rise, mainly due to the joint role of several key factors.
Thailand’s Land Bridge Project: Expected to Redirect the Global Shipping Pattern
22 November 2023
The Thai government recently launched a massive project worth $28 billion aimed at building a “l(fā)and bridge” to circumvent the bustling Malacca Strait. This initiative is expected to significantly reduce shipping time between the Indian and Pacific Oceans while reducing transport costs and has a profound impact on global shipping.
The U.S. customs inspection rate has increased, and the U.S.-West route has returned to 2100.
November 8, 2023
On the eve of the trade boom, traders must not only deal with platform policy changes, but also with uncertainty in logistics delivery, such as overload of warehouse capacity and cabin tensions. More challengingly, the U.S. Customs Border Protection Agency (CBP) often increases check rates at this time, especially for checking the value of goods.
A major strike broke out at Australian ports, affecting logistics and transportation
7 November 2023
In a statement, the Australian Maritime Alliance announced a new round of protected strike operations at the Australian ports of the DP World Group, calling on trade unions to return to the negotiating table and noting that ongoing industrial operations have caused serious delays and disruptions in Australias import and export supply chain.
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