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Major Shipping Companies Implement Peak Season Surcharges
Recently, due to escalating tensions in the Red Sea and increased demand, freight rates on major shipping routes have been climbing steadily, particularly on European routes. This surge has also brought with it a host of peak season surcharges.
Mexico Imposes Temporary Import Tariffs on Various Commodities
On April 22nd, Mexican President Andrés Manuel López Obrador signed a decree imposing temporary import tariffs on 544 commodities ranging from steel and
135th Canton Fair Opens in Guangzhou with Increased Exhibition Space and Participants
The 135th China Import and Export Fair (hereinafter referred to as "Canton Fair") opened at the Pazhou International Exhibition Center
CMA CGM announces new FAK rates from Asia to the Mediterranean
CMA CGM has announced new Freight All Kinds (FAK) rates from all major ports in Asia to all basic ports in the Mediterranean, effective from April 15th to 30th, 2024 (date of loading at the origin ports) until further notice.
Hapag-Lloyd Implements GRI for Asia to Latin America
On March 28th, Hapag-Lloyd announced that starting from April 8th, 2024, they will be increasing freight rates for shipments from Asia (excluding Japan) to the West Coast of Latin America, Mexico, the Caribbean, Central America, and the East Coast of Latin America.
CMA CGM and Folk Maritime Forge Alliance to Launch NRX Route in Northern Red Sea
According to the latest information: on March 21st, the world's third-largest container shipping company, CMA CGM, announced that it had signed an agreement with Folk Maritime, a newly established container shipping company in Saudi Arabia, to jointly operate a new route in the northern Red Sea.
CMA CGM Updates FAK Rates from Asia to Mediterranean and North Africa
On Mar 14, CMA CGM has updated its Freight All Kinds (FAK) rates from Asia to the Mediterranean and North Africa. The new rates will be effective from April 1, 2024 (based on the date of departure from the loading port) until further notice.
Finnish Transport Workers' Union Plans Two-Week Strike
Recently, Maersk issued an emergency notice stating that the Finnish Transport Workers' Union (AKT) plans to hold a strike from March 11th to March 25th. This move will force all Finnish ports to close for two weeks, causing significant disruption to the global shipping industry. It is reported that the main purpose of this strike is to oppose the labor legislation amendment proposed by the Finnish government. Union members believe that the amendment will have adverse effects on their righ
CUL and IAL Launch New Vietnam-Thailand Direct Shipping Route
In mid-March, Culines (CUL) and Interasia Lines (IAL) will jointly launch a new direct shipping service connecting Vietnam and Thailand, offering fast access to destinations including Ho Chi Minh City, Laem Chabang, and Bangkok. The new route will operate as follows: Guangzhou Nansha - Shekou - Ho Chi Minh City (Cat Lai) - Bangkok PAT Port - Bangkok Sahathai - Laem Chabang - Guangzhou Nansha.
Alashankou Railway Port Exceeds 1000 China-Europe (Central Asia) Freight Trains This Year
On February 21st, a China-Europe freight train loaded with mechanical parts, air conditioning compressors, and electric cars departed from the Alashankou Railway Port, heading to Malaszewicze, Poland. This departure signifies that the number of China-Europe (Central Asia) freight trains passing through t
CMA CGM Operations in the Red Sea | Update
On February 5th, CMA CGM informs its customers that as from February 1st, 2024 and until further notice, all services initially routed via the Red Sea passage will now follow the Cape of Good Hope routing.
Maersk Upgrades 'Sakura' Japan Route for Faster Shanghai Connections
At the end of February, Maersk will upgrade and adjust the port calling sequence for the Japan direct route "Sakura" to further enhance customer experience. By calling at Shanghai, the new route will provide faster direct access to Kobe, Nagoya, Yokohama, and other destinations.
ASL to Introduce New Direct Route 'CVT2' Connecting Vietnam and Thailand
In January, ASEAN SEAS LINE (ASL) will add a new direct route named "CVT2," joining a shared space service with Pan Ocean and SML Lines, providing direct access to destinations such as Ho Chi Minh City and Laem Chabang. The route will connect the ports of Incheon, Qingdao, Shanghai, Ho Chi Minh City, Laem Chabang, Shekou, and return to Incheon. ASL will offer this new "CVT2" service by partnering with existing ship suppliers of the Korea-China-Vietnam-Thailand
ZIM Adds New Canada Direct Shipping Route! Swift Connection to Vancouver Available
At the end of January, ZIM will launch a new direct shipping service to Canada through Star Shipping, named "ZPX." The route will include stops at Yantian, Xiamen, Ningbo, Shanghai, providing a swift connection to Vancouver.
Germany Faces Massive Disruption as Train Strikes Escalate
On January 10th local time, due to the breakdown of labor negotiations, the German train drivers' union called for a large-scale strike across Germany starting at 2:00 on the same day, and the strike is expected to last until 18:00 on the 12th.
"Red Sea Crisis" Escalates! Multiple Carriers Raise Rates on These Shipping Routes
In recent times, the Red Sea region has witnessed a surge in attacks on commercial vessels. Several international shipping companies have subsequently announced the temporary suspension of routes through the Red Sea. They have cited increased transportation costs due to rerouting and adjustments to freight quotes.
Maersk Announces PSS on Multiple Shipping Routes Starting Jan 1, 2024
Recently, Maersk Line has announced the implementation of PSS on multiple shipping routes, effective from January 1, 2024. The affected regions include the Middle East, Northwest Africa, South America East, and Europe.
Four Major Shipping Giants Suspend Red Sea Routes
After multiple attack incidents, the risks in Red Sea shipping have intensified, posing a significant challenge to the international shipping industry, with potential impacts on the global supply chain. Following the announcements of Maersk and Hapag-Lloyd suspending the Red Sea route, MSC and CMA have also declared that their vessels will temporarily cease passage through the Mandeb Strait/Red Sea. This
Hapag-Lloyd Announces Rate Increases on Multiple Shipping Routes
Hapag-Lloyd has announced rate increases on multiple shipping routes, set to take effect from January 1, 2024, including routes involving Europe and South America. As part of this adjustment, a General Rate Increase (GRI) for shipments from Asia to Latin America will be implemented. Additionally, Freight All Kinds (FAK) rates for the Far East to Northern Europe and the Mediterranean will see an increase. Furthermore,
Chinese Container Shipments to the U.S. Rise by 15% YoY in October
According to the latest statistics from Descartes Datamyne, in October 2023, the United States witnessed a month-on-month increase of 11% in the volume of imports via sea from the Asian region. This surge in volume marks a new high, continuing the upward trend observed in September. The statistics reveal that the maritime contai
MSC Introduces Additional Fee for Panama Canal Transit to Alleviate Operational Pressures
MSC recently announced that it will impose an additional fee for transiting the Panama Canal to alleviate operational pressures.
Chengdu Adds Another International Logistics New Channel
On November 17th, the first "China-Laos-Thailand" all-rail rapid freight train departed from Chengdu International Railway Port in Qingbaijiang District, Chengdu, heading to Thailand.
Panama Canal restricted navigation
According to Reuters, on October 30th local time, the Panama Canal Authority announced that due to severe drought, the canal will further reduce ship transits in the upcoming months. The existing restrictions have already caused significant delays, with dozens of ships waiting to pass through the canal.
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