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NEWS & BLOG

Logistics News

2022
DATE
04 - 02
Evergreen Declares General Average for Ever Forward
Evergreen's "Ever Forward" ran aground outside Baltimore, Maryland, USA. On March 29th and 30th, two attempts to get out of trouble were unsuccessful. Evergreen declared general average on the 31st based on the common interests of all properties on board. The next attempt to float is scheduled for April 3-4, when two barges and five tugboats will be mobilized to assist in the operation
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2022
DATE
04 - 01
Yantian Port's New Routes for Evergreen CPH.
A few days ago, with the successful berthing of the "UNI ASSENT" ship at Yantian International Container Terminal, Evergreen Shipping's first Southeast Asia route "CPH" calling at Yantian port area was officially opened.
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2022
DATE
04 - 01
ONE Release Special Stowage Requirement for Non-DG and Non-Special Cargoes
A 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.
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2022
DATE
03 - 31
COSCO Shipping Holdings 2021 Net Profit 89.3 Billon CNY
On 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%.
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2022
DATE
03 - 30
Recent Performance of Shipping Stocks in 2022
The 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.
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2022
DATE
03 - 29
ONE Announces Special Loading Requirements
On March 28, ONE issued a Cargo Safety Bulletin, involving Special Stowage Requirement for Non-DG and Non-Special Cargoes.ONE says safety is the number one priority when transporting goods. Therefore, to ensure compliance with the company's global cargo receipt policy and safety standards, ONE is co
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2022
DATE
03 - 29
An Oil Tanker Explodes in Thailand's Chao Phraya River
At 13:40 on March 27, near the second bridge of Phra Chula in the middle of the Chao Phraya River in Samut Prakan, a product oil tanker named "AMPAR 8 BANGKOK" exploded, and thick smoke was heard at the scene. The accident killed one person.
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2022
DATE
03 - 28
Freight Rates on U.S.-East Routes Rise
Related data shows that freight rates on the U.S. West route reached $16,000/FEU, while spot rates on the U.S. East have approached $17,500/FEU, with the peak rate on the route being $20,000/FEU at the end of 2021.
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2022
DATE
03 - 28
Philippines Announces of 13 New Ports for Global Trade
According to Philippine media "Daily Inquirer" reported on March 22, the Philippine Ports Authority (PPA) said that with the recovery of maritime demand and the recovery of global trade, at least 13 new ports in the Philippines are expected to start operations by July 2022.
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2022
DATE
03 - 28
US Trade Reinstating Certain Section 301 China Tariff
​On March 23, local time, the Office of the U.S. Trade Representative (USTR) issued an announcement saying that in response to the tariffs imposed on Chinese imports under the so-called "Section 301", tariff exemptions for some products have been restored, involving 549 pending products. 352 items, including industrial components such as pumps and electric motors, some auto parts, some chemicals, backpacks, bicycles, vacuum cleaners and other consumer products.
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