Shanghai container export price index SCFI continues to rise
23 April 2024
The latest Shanghai Containerized Freight Index (SCFI) shows that while most major routes remain stable or slightly decline, rates for Asia-South America and West Africa routes have surged strongly, driving a 0.7% weekly increase in SCFI - the third consecutive weekly rise. The Far East-South America route saw the most significant increase, with TEU prices soaring to $4,153...
Global shipping industry faces rising shipping costs and additional charges
2 April 2024
Recently, the global shipping industry has faced an uptick of shipping charges and additional charges again. Several major shipping companies, including Hapag-Lloyd, Mediterranean Shipping Company (MSC), Delta Shipping (CMA CGM), South Korean Shipping (HMM) and Walmart Shipping, have announced the upgrades of GRI (Integral Rate Rate Rate) and FAK (Free Shipping) from April 1 to May 1 this year.
Shanghai container export index falls, shipping market faces challenges
February 28, 2024
With the end of the Lunar Spring Festival, the latest data released by the Shanghai Container Export Index (SCFI) showed a slow recovery in the market and a general drop in container shipping prices. According to data released on 23rd, the SCFI index dropped 56.4 points to 2109.91 points, falling to 2.6%. This change is consistent with market expectations, reflecting the gradual restoration of production in the post-Calendary plant, but the overall demand has not yet been fully disclosed.
The crisis in the Red Sea has aggravated European business and shipping delays and rising costs.
5 January 2024
For Thomas O'Brien, owner of the British family business Boxer Gifts, a 250% surge in costs is a harsh reality. The Leeds-based company, which designs games and seasonal gifts, manufactures its products in China and thus heavily relies on global shipping. However, with commercial vessels passing through the Red Sea frequently coming under attack over the past month or so, it has led to...
The Christmas shipping season is expected to cause freight rates in Asia and Europe to continue to rise in December
15 December 2023
According to the latest report released by Linerlytica, Asia-European shipping charges are expected to continue to rise throughout December as shippers drive out cargo before Christmas. This trend reflects the impact of the holiday season on the international logistics and transportation markets. Asia to Northern Europe and the Mediterranean Sea shipping prices rise The latest Shanghai Container Shipping Price Index shows that shipping prices from Asia to Northern Europe have already risen.
Thailand’s Land Bridge Project: Expected to Redirect the Global Shipping Pattern
22 November 2023
The Thai government recently launched a massive project worth $28 billion aimed at building a “land bridge” to circumvent the bustling Malacca Strait. This initiative is expected to significantly reduce shipping time between the Indian and Pacific Oceans while reducing transport costs and has a profound impact on global shipping.
A major strike broke out at Australian ports, affecting logistics and transportation
7 November 2023
In a statement, the Australian Maritime Alliance announced a new round of protected strike operations at the Australian ports of the DP World Group, calling on trade unions to return to the negotiating table and noting that ongoing industrial operations have caused serious delays and disruptions in Australias import and export supply chain.
U.S. Line shipping prices are rising: market rumors, is the export season coming?
October 25, 2023
Recently, market rumors have spread, saying that several routes, such as the US line, the Middle East line, the Southeast Asian line, etc., have seen the explosion phenomenon. In this regard, many freight companies have confirmed that this has actually occurred, and this has also caused the prices of these routes to start to rebound. The goods owner revealed that the current US lines cabin even has been reserved until the end of the month. Why the explosion cabin phenomenon?
Cosmetics export by sea: detailed operations and precautions
October 18, 2023
Sea freight export of cosmetics is not a simple process, as it involves many operational details and regulatory requirements. To help enterprises better conduct cosmetic sea freight exports, this article provides a detailed operational guide and precautions.
Follow Customer Service WeChat
