NEWS

NEWS German shipping giant Herberot, the world’s fifth-largest container liner company, has announced a value added surcharge on Chinese shipments to the United States and Canada, following the imposition of hefty congestion surcharges by shipping companies. The range is $4,000 for all 20-foot containers and $5,000 for all 40-foot containers, which will be implemented on …

German shipping giant Herberot, the world’s fifth-largest container liner company, has announced a value added surcharge on Chinese shipments to the United States and Canada, following the imposition of hefty congestion surcharges by shipping companies. Read More »

NEWS According to the latest freight rate data of Shanghai Export Container Freight Index (SCFI) released on July 2, the SCFI composite index continued to rise to 3095.14 points last week, up 119 points or 3.2% from the previous period. Shanghai’s export container freight index continues to break a record high. Siphiwe rail tracks in …

According to the latest freight rate data of Shanghai Export Container Freight Index (SCFI) released on July 2, the SCFI composite index continued to rise to 3095.14 points last week, up 119 points or 3.2% from the previous period. Shanghai’s export container freight index continues to break a record high. Read More »

NEWS According to a report by the German weekly Focus on July 5, the United Nations recently released the World Urbanization Prospects report, which ranks the world’s largest cities with a population of more than one million. Seven of the top 10 largest cities are in Asia. Topping the list is Tokyo, Japan, with 37.5 million people. Shanghai, …

the United Nations recently released the World Urbanization Prospects report, which ranks the world’s largest cities with a population of more than one million. Read More »

NEWS Asia and Europe freight rose to $20,000, a 10-fold increase over the same period! Global shipping giant Maersk said in an earnings call in May that it had increased its capital expenditure budget for 2021-2022 to $7 billion from $4.5 billion to $5.5 billion, some of which would go to adding containers. But other …

After the middle of June, a number of shipping companies announced the increase in freight rates! Read More »

NEWS Maersk said that at present, the average waiting time of ships in Los Angeles port and Long Beach port ranges from one week to two weeks, and there are about 40 ships queuing in the two ports; Auckland port ships enter the port and wait longer.“Affected by the epidemic, many people are hesitant to …

Consolidation market “high fever is difficult to retreat” from a box is difficult to find a ship is difficult to find Read More »

NEWS “In order to stabilize prices, supply to the domestic market should be given priority,” Vietnam’s deputy prime minister warned in a government document about rising steel prices. The country’s hot-rolled coil import price is above $1,000 a tonne, a 13-year high. Steel shortage, steel price skyrocketing, Vietnam into “steel shortage”. It is also reported …

Steel prices rise! Many countries fall into “steel shortage”! China Iron and Steel Association again Read More »

NEWS As of mid-May, the average price per ton of eight types of steel in the national steel market exceeded 6,600 yuan, nearly 400 yuan higher than the peak of 6,200 yuan in 2008, a rise of 2,800 yuan per ton compared with the same period last year, or a 75 percent year-on-year increase, CCTV …

Iron and steel price roller coaster, revealed behind the two big push Read More »

NEWS On May 20, BHP Billiton officially announced the first iron ore production at its South Flank mine in the central Pilbara, Western Australia. It is understood that the mine can be stable annual output of 80 million tons of iron ore Iron ore supply is increasing and global demand is weakening due to the epidemic …

BHP Billiton adds 80 million tonnes of iron ore capacity Read More »

NEWS National Business News AI Express, the bulk commodities plunged across the board, the main coking coal futures contract hit the limit, down 7.98%, at 1782.5 yuan/ton. Iron ore fell 8%, hot volume fell more than 7%, thread fell more than 6%. Base metals, Shanghai copper, Shanghai zinc, Shanghai nickel fell more than 3%. WTI …

Commodities tumbled across the board, with coking coal down by the daily limit and iron ore down 8% Read More »

NEWS Completely crazy! The rate of container dumping caused by port congestion continues to rise! 39% of the cargo is affected, the shipping company’s rejection rate is as high as 56%, and the port is up to 64%! Blasting warehouses and rejecting cabinets, a box is hard to find… the supply chain is like a very complicated network, …

Completely crazy! The rate of container dumping caused by port congestion continues to rise! 39% of the cargo is affected, the shipping company’s rejection rate is as high as 56%, and the port is up to 64%! Blasting warehouses and rejecting cabinets, a box is hard to find… Read More »