Article List
- Australia Targets Rise in Commodity ExportsAustralia plans to increase its commodities exports in the current fiscal year in light of the current rise in global commodities prices. According to the latest quarterly resources and energy report released by the Australian government, the country's exports will increase by 44 million tons year-on-year in the fiscal year 2021-2022 ending June 30, mainly iron ore and power coal.Logistics News April 14, 2022
- Floods Paralyse Durban, Countless Containers Washed AwayOn Tuesday (April 12) local time, the Kwazulu-Natal province, where the Port of Durban in South Africa is located, also shut down terminals and disrupted major roads and shipping. A large number of containers were washed away by the flood and scattered.Logistics News April 14, 2022
- UPS Increases Fuel Surcharges, Costs for Sellers IncreaseUPS domestic air freight surcharges are also on the rise. On March 28, UPS announced that it would increase the surcharge level by 1.75%. Since April 4, it has surged to 20%, reaching 21.75% on Monday.Logistics News April 13, 2022
- Port Klang Fire: 22 Containers Burned, 38 DamagedBurst! Fire broke out in West Port Klang, firefighters took 11 hours to control the blaze, which destroyed dozens of containers and goods.Logistics News April 07, 2022
- U.S. Sea Freight Rates Fall From High LevelsThe actual shipping price of container ships has dropped by about 20% on average since the Spring Festival. The freight rate from China to West America has dropped from about 12,000 US dollars to 8,000 US dollars now, more than 30%, and the European line has dropped even more.Logistics News April 12, 2022
- CMA CGM Acquires Gefco to Strengthens Logistics PresenceThrough the acquisition of GEFCO, CMA CGM's logistics subsidiary, CEVA Logistics, will become a global leader in automotive logistics.Logistics News April 11, 2022
- U.S. West Coast and Northern California Container DetentionIn recent weeks, the U.S. West Coast has seen an increase in sea container detention times and a decline in the availability of rail equipment and chassis.Logistics News April 08, 2022
- ONE Release Special Stowage Requirement for Non-DG and Non-Special CargoesA few days ago, the official website of the shipping company ONE issued a notice on "Cargo Safety - Special Stowage Requirements for Non-Dangerous Goods and Non-Special Cargoes", stating that safety is the first priority. ONE will verify all booking information to ensure that all shipments must be properly declared, packed and loaded. This measure is a critical step in preventing accidents and ensuring safe handling of cargo.Logistics News April 01, 2022
- COSCO Shipping Holdings 2021 Net Profit 89.3 Billon CNYOn March 30, COSCO SHIPPING Holdings Co., Ltd. announced its 2021 annual results. During the reporting period, the operating income was 333.69 billion CNY, a year-on-year increase of 94.85%; the net profit attributable to shareholders of the listed company was 89.296 billion CNY, a year-on-year increase of 799.52%.Logistics News March 31, 2022
- Recent Performance of Shipping Stocks in 2022The geopolitical situation will change the flow of global trade in the coming period, which will have a huge impact on the direction of shipping stocks. In the past month, shipping stocks have seen sharp fluctuations, more than the overall level of the stock market. Randy Givens, an analyst at investment bank Jefferies, said that part of the reason is that the industry is stuck in a supply chain impasse, and it is difficult to say how the future trade pattern and route planning will change.Logistics News March 30, 2022