Global shipping industry faces rising shipping costs and additional charges
2 April 2024
Recently, the global shipping industry has faced an uptick of shipping charges and additional charges again. Several major shipping companies, including Hapag-Lloyd, Mediterranean Shipping Company (MSC), Delta Shipping (CMA CGM), South Korean Shipping (HMM) and Walmart Shipping, have announced the upgrades of GRI (Integral Rate Rate Rate) and FAK (Free Shipping) from April 1 to May 1 this year.
Analysis of freight methods from China to Cambodia: Choosing the best transportation solution
29 February 2024
For businesses, understanding and choosing the right mode of transportation for their products is crucial. Taking cargo transportation from China to Cambodia as an example, how should businesses choose the most suitable mode of transportation based on different needs? This article will detail the three main modes of transportation from China to Cambodia: air freight, sea freight, and land transportation, as well as their respective characteristics and applicable conditions. ...
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 export process, companies face many challenges, especially in determining the composition and reasonableness of costs. This article aims to analyze the composition of freight forwarding costs in detail, helping companies understand each cost item and distinguish which are reasonable and which may be arbitrarily charged by freight forwarders, thus enabling them to be well-informed. Composition of Freight Forwarding Costs Composition of Freight ...
The crisis in the Red Sea has aggravated European business and shipping delays and rising costs.
5 January 2024
在英國(guó)家族企業(yè)Boxer Gifts的老板Thomas O'Brien眼前，250%的成本上漲是一個(gè)冰冷的現(xiàn)實(shí)。這家位于利茲的公司，主要從事設(shè)計(jì)游戲和季節(jié)性禮物，其產(chǎn)品在中國(guó)生產(chǎn)，因此嚴(yán)重依賴于全球航運(yùn)。然而，隨著最近一個(gè)多月來途徑紅海的商業(yè)船只頻繁遭到襲擊，導(dǎo)致...
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-Europe freight rates are expected to continue to rise throughout December as shippers rush to get goods out before Christmas. This trend reflects the impact of the holiday season on the international logistics and transportation market. Asia-North Europe and Mediterranean Freight Rates Rise The latest Shanghai Containerized Freight Index shows that freight rates from Asia to Northern Europe have already...
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 its peak season, but at the same time, sellers are also facing major challenges in air freight logistics. According to recent market feedback, air freight prices have continued to rise since October, mainly due to the combined effect of several key factors. Reasons for the increase in air freight prices 1. High Demand Due to major...
Thailand’s Land Bridge Project: Expected to Redirect the Global Shipping Pattern
22 November 2023
The Thai government recently launched a large-scale project costing $28 billion to build a land bridge to bypass the busy Strait of Malacca. This move is expected to significantly reduce shipping time between the Indian and Pacific Oceans, while also reducing transportation costs, and will have a profound impact on global shipping. Overview of the Land Bridge Project Thai Prime Minister Srettha Thav...
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