Wanhai Shipping issues a severe statement on cargo misdeclaration: USD 100,000/unit penalty for both dangerous/non-dangerous goods misdeclaration, plus deposit. It reserves rights to claim compensation and pursue legal liability.
On Oct 7, the EU proposed cutting steel import quotas by 47% to 18.3Mt/year and levying 50% tariffs on over-quota imports, plus origin tracing. Aimed at aiding local industry and U.S. talks, it awaits approval for 2026 implementation.
From October, MSC’s new South America-Middle East route (calling China’s Qingdao/Ningbo/Shanghai/Shekou) optimizes refrigerated cargo. It takes 33 days to Abu Dhabi, enhancing supply chain speed for traders.
On Sept 29 (local time), Trump announced a new US tariff on imported softwood/wood products: 10% on logs/lumber, 25% on cabinets. Effective Oct 14, some rates rise further Jan 1—following a March Commerce Dept investigation.
In H1 2025, China’s steel exports hit 50.9M tons (+25.1% YoY), 32.7% of global total. Supramaxes handle 63.2% of shipments. This growth, plus Asian trade links, reshapes global dry bulk shipping.
COSCO Shipping launched COSCO Shipping Lines (Central Asia) in Almaty on Sept 27. Jointly founded to build a green logistics corridor, it will boost Eurasian end-to-end logistics and upgrade China-Europe Railway Express.
The 2024 CPPI (by World Bank & S&P Global) shows 7 Chinese ports in top 10 global efficient ports. East Asia leads; developing nations’ ports also gain via tech & collaboration.
After Poland blocked China-Europe Railway Express (stranding 300+ trains), China launched the 18-day China-Europe Arctic Express (Ningbo-Zhoushan to Felixstowe) on Sept 23. It cuts time, boosts safety, and advances the "Polar Silk Road".
MSC launches a South America-Middle East direct route in Oct, focusing on refrigerated cargo. Abu Dhabi is the hub; transit to Abu Dhabi takes ≤33 days. Inaugural sail from Itajai via "MSC SHREYA B." (QJ539R).
