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- Release on2024-01-31
- Affected by the Red Sea crisis, various shipping companies are currently choosing to avoid the traditional Red Sea route and detour to the southern tip of Africa.... Read More>>
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- Release on2024-01-30
- Since November 2023, ships in the Red Sea and nearby waters have been attacked many times. For safety reasons, many shipping companies have decided to suspend the navigation of their container ships in the Red Sea （agent shipping china） and change their routes around the Cape of Good Hope.... Read More>>
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- Release on2024-01-30
- After the Lunar New Year, there will be a traditional low season for shipping, and it is normal for freight rates to fall. However, due to the lack of ship supply caused by the Red Sea crisis, the decline in freight rates was smaller than in previous years. Nonetheless, ships are still tight, and major shipping lines are still retaining capacity during the off-season to cope with the lack of ships in the market. The global shipping's strategy of reducing sailings continued, with statistics showing that 99 out of 650 scheduled sailings were canceled in the five-week period from Feb. 26 to March 3, a cancellation rate of 15 percent.... Read More>>
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- Release on2024-01-29
- European shipping rates soared nearly two times after the correction, the latest SCFI Containerized Freight Index shows that Europe, the Mediterranean route tariffs fell 5.58%, 4.03%, affected by the Red Sea crisis pushed up the tariffs since the first decline in the price rise, SCFI terminated the eight consecutive up, 27 days out of the latest issue of the SCFI tariffs index turned down 60.52 points to 2179.09, the weekly decline of 2.7%. Weekly decline of 2.7%.... Read More>>
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- Release on2024-01-29
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- Release on2024-01-26
- Now, as the latest round of negotiations between DP World Group and the Maritime Union of Australia (MUA) breaks down, strike action at Australian ports has escalated again.... Read More>>
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- Release on2024-01-25
- It is understood that the Port of Los Angeles will complete container throughput of 8.634497 TEUs in 2023, a year-on-year drop of 13%.... Read More>>
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- Release on2024-01-25
- From mid-December to the present, the situation in the Red Sea continues to be tense, and many shipping companies have begun to bypass the Cape of Good Hope. As a result, global shipping is caught in the worry of rising freight rate volatility and unstable supply chain.... Read More>>
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- Release on2024-01-24
- The first ship of more than 2,500 tons of Chilean cherries arrived directly at Tianjin Port by sea. Subsequently, these cherries will be sent to Shohenggao Beidian Market as quickly as possible.... Read More>>
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- Release on2024-01-24
- The global political and economic impact of the Red Sea crisis continues to grow. Recently, a number of shipping companies have warned that Houthi attacks on merchant ships, the involvement of Hezbollah in Lebanon, and exchanges of fire between Iranian militias and United States forces in Iraq have the potential to evolve into a regional conflict.... Read More>>
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- Release on2024-01-23
- Recently, affected by the continuous tension and escalation of the Red Sea situation, many international shipping companies have chosen to avoid the traditional Red Sea route and turn to bypass Africa, which has put many African ports under increasing pressure.... Read More>>
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- Release on2024-01-23
- Since the outbreak of a new round of Palestinian-Israeli conflict, Yemen’s Houthi armed forces have repeatedly attacked and seized commercial ships in the Red Sea waters.... Read More>>
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- Cape of Good Hope Emerges as New Global Shipping Artery: Rerouted Vessels Surge 112% Amid Stark Cost-Freight Rate Divergence
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