It has issued a total of 96.2 billion won to 12 well-known liner giants including HMM, Koryo Shipping, Changjin Merchant Shipping, Xingya Shipping, and Senro Merchant Shipping, including 11 foreign merchant shipping companies such as Maersk and Evergreen. A total of 23 large shipping companies Following the fines, the Korea Fair Trade Commission (KFTC) has once again investigated 20 local and overseas liner operators for allegedly colluding to manipulate freight rates on routes from South Korea to China and Japan.

In 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.

Increase knowledge | Common trade terms for shipping

Burst! Fire broke out in West Port Klang, firefighters took 11 hours to control the blaze, which destroyed dozens of containers and goods.

At around 1230 UTC on April 6, a container ship with a capacity of 6570TEU named "CMA CGM RABELAIS" exploded in the west of the Malacca Strait between the Andaman Islands and Banda Aceh on the Sumatra island, followed by a fire.

The International Chamber of Commerce ("ICC") 2020 version of the "Incoterms Interpretation Rules", a total of 11 types, can be divided into two categories according to the mode of transportation, the first category: suitable for any mode of transport; the second category: suitable for water transport (ie sea transportation, inland water transportation).

The International Chamber of Commerce ("ICC") 2020 version of the "Incoterms Interpretation Rules" has a total of 11 types, which can be divided into two categories according to the mode of transportation. The first category: suitable for any mode of transportation; , inland water transport).

Mediterranean Shipping (MSC) from 1 April 2022 on all shipments from Cambodia, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Myanmar, Philippines, Singapore, Taiwan, Thailand and Vietnam to all destinations Adjusted Export Misdeclaration Fee (CMD) increased to $3,500/container.

From April 1, 2022 (the actual sailing date), CMA CGM will implement the "freight fee will be based on the actual sailing date as the freight applicable date" for all routes exported from China (except North America).

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

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.

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.

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%.

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.

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