Choose sea transportation for import and export? If you don’t pay attention to these hidden dangers, your business will fail!
December 20, 2024
When enterprises carry out import and export business, the choice of transportation method is crucial. Common methods include sea, rail, and air transportation. As far as Chinas maritime transport is concerned, its scale is very large. The cargo throughput of Chinas coastal ports has remained at a high level for years, and many large ports undertake massive import and export cargo transportation tasks every year. Such as Shanghai Port, Ningbo-Zhoushan Port, etc., have long been ranked...
The crisis in the shipping market: the backlog of foreign trade goods and the skyrocketing freight prices are revealed!
July 4, 2024
In recent years, the shipping market has experienced soaring freight rates and a hard-to-find space phenomenon, which has led to a serious backlog of foreign trade goods. This situation is not the first time it has occurred, but the current market environment and background have some unique factors. The following is an interpretation of this phenomenon and related background analysis. 1. Imbalance of Supply and Demand The Impact of the Epidemic During the COVID-19 pandemic, global...
Shipping prices have tripled, so where will global trade go?
June 26, 2024
In the field of international trade, fluctuations in shipping prices often affect the nerve of the global economy. In June 2024, the flat shipping market saw a surge in shipping costs. According to Freightos’s main shipping platform, the container cash price index FBX shows that international shipping charges rose from about $1,200 per flight in 2023 to $4,500 today, compared to January by Red Bull.
Singapore port congestion crisis: global shipping prices jump!
7 June 2024
On June 3rd local time, global shipping giant Maersk Group stated that due to strong demand in the container market and the disruption caused by the Red Sea crisis, there are further signs of congestion at global ports, especially in ports in Asia and the Middle East. As the worlds second-largest container port, the congestion at the Port of Singapore is particularly severe, and the industry is paying close attention to this. According to Asia...
Shipowner's bill of lading vs freight forwarder's bill of lading: understand the difference between the two to ensure trade security
8 May 2024
In international trade, the Bill of Lading (abbreviated B/L) as one of the important proofs of the transport contract, not only proves the shipment of the goods, but also proves the ownership of the goods. Learn the difference between the Master Bill of Lading (MB/L) and the House Bill of Lading (HB/L) to ensure the safety and accurate delivery of the goods.
How to save money on marine export insurance: seven tips to teach you how to buy insurance wisely!
26 April 2024
When conducting maritime exports, reducing insurance costs is the focus of many export companies. Maritime insurance, as an integral part of international trade, aims to ensure the safety of goods in the process of transportation and reduce the possible economic losses. However, insurance costs can also become one of the costs that need to carefully consider. How to ensure both the safety of goods and the ability to...
Shanghai container export price index SCFI continues to rise
23 April 2024
The latest Shanghai Container Export Price Index (SCFI) showed that while most major routes remained stable or slightly decreased, shipping prices for Asia to South America and West Africa routes rose sharply, driving SCFI to a weekly increase of 0.7% for the third week in a row. Among them, shipping prices for the Far East to South America routes grew most significantly, rising to $4153 per TEU, just two weeks ago.
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.
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.
Follow customer service WeChat
