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Two major shipping arteries are blocked! Global shipping faces a “catastrophic blow” Release on2023-12-14: The Suez Canal and the Panama Canal are the two most important shipping arteries in the world, carrying more than half of global trade volume....

Shipping companies reduce cabin capacity, and freight rates on European and continental routes rise! Release on2023-12-14: According to the latest Drewry World Comprehensive Container Freight Index (WCI), which rose by 6%, freight rates from Shanghai to Europe and the Mediterranean both increased significantly by 15%....

During the Christmas shipping season, shipping costs may continue to rise in December! Release on2023-12-14: According to the latest report released by Linerlytica recently, Asia-Europe freight rates are likely to continue to rise throughout December as shippers rush out cargo before Christmas....

Hundreds of ships are congested and 100,000 boxes are stranded. A logistics crisis occurs in South Africa! Release on2023-12-08: How congested are South African ports? Previously, we saw the situation at Durban Port. 70,000 boxes are stranded! A South African port may be congested until next year!...

Black Friday data is out! Air freight increases, logistics is so complicated? Release on2023-12-08: During this year’s Black Friday and Cyber Monday events in the United States, Amazon, Walmart and Target once again demonstrated their strong market positions....

$40 to $80! Hapag-Lloyd will impose a war risk surcharge! Release on2023-12-08: Hapag-Lloyd recently announced that starting from January 1, 2024, a war risk surcharge (WRS) will be levied on cargo shipped to and from Israel. WRS will apply to all containers and cargo types....

Passing through the Panama Canal? It’s too congested! Yang Ming Shipping will bypass it! Release on2023-12-08: Recently, Yang Ming Shipping admitted that the impact of the drought in the Panama Canal was more serious than expected, and the US East Route has begun to bypass the Cape of Good Hope or the Suez Canal, and will not sail unless it is sure to obtain the right to access the lock....

Tensions escalate in Red Sea, 30% of container fleet will be in trouble Release on2023-12-07: If tensions in the Red Sea escalate, more container ships could be blocked. According to the latest report from Linerlytica on December 5, the intensification of attacks on ships in the Red Sea may cause 30% of the container fleet to become troubled and need to be rerouted....

Shipping giant MSC plans to acquire well-known freight forwarder CLASQUIN Release on2023-12-07: Yves REVOL and OLYMP, the controlling shareholders of CLASQUIN SA, a well-known French freight forwarder, announced that they have entered into exclusive negotiations with SAS Shipping Agencies Services Sàrl ("SAS"), a subsidiary of Mediterranean Shipping Company (MSC), with a view to selling their holdings. Some account for 42% of all shares in Clasquin SA....

Orient Overseas launches two new routes! Covering China-Indonesia-Philippines Release on2023-12-07: Recently, OOCL announced the launch of two new service routes, CIP1 and CIP2, to strengthen our route coverage in China, Indonesia and the Philippines. The two routes will have their first sailing on December 29, 2023....

$40 to $80! Hapag-Lloyd to impose war risk surcharge! Release on2023-12-07: Hapag-Lloyd recently announced that starting from January 1, 2024, a war risk surcharge (WRS) will be levied on cargo shipped to and from Israel. WRS will apply to all containers and cargo types....

180 million people queued up on Black Friday, Yiwu had a huge sale! Recently, the United States has ushered in the annual "Black Friday" shopping season, with many merchants slashing prices to attract consumers into stores. The National Retail Feder Release on2023-12-01: Recently, the United States has ushered in the annual "Black Friday" shopping season, with many merchants slashing prices to attract consumers into stores....

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