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NEWS & BLOG

Logistics News

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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2022
DATE
03 - 28
Bulk Carrier Port Congestion Index Hits Record High
According to the latest market report compiled by Clarksons Research Services, the port congestion index for bulk carriers (capesize/Panamax) reached a record high of 36.3% in the third week of February. The index has averaged 35% so far this year, up from 32.8% in 2021.
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2022
DATE
03 - 26
Port of Los Angeles/Long Beach CTF Fee Starting April 1
The Ports of Long Beach and Los Angeles will levy a Clean Truck Fund (CTF) fee ($10 for 20-foot container and $40 for 40-foot container) on trailer containers entering and leaving the container terminal on April 1. The toll was approved by the Los Angeles Port Authority in early November.
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2022
DATE
03 - 24
Attention! The New Rules for Transport of Lithium Batteries Force on April 1.
According to official news from the International Air Transport Association (IATA), IATA has revised the regulations for the separate transportation of lithium batteries, the new regulations have actually come into effect on January 1, 2022, but there will be a transition period before March 31, 2022 to make adjustments to 100% compliance with the new regulations, and the new regulations will officially come into effect and be implemented after April 1.
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