article tag Current News

Shanghai has actively supported the orderly resumption of work and production since June 1st. As the two-month COVID lockdown eases, the manufacturing industry in this city is ready to get back up to speed.

The Philippine Coast Guard (PCG) is reportedly conducting an extensive search and rescue operation along with one of the main shipping lanes in the waters of the Sulu Sea after a bulk carrier rammed and sank a fishing vessel.

From June 1st, Shanghai starts to enter a comprehensive and orderly return to work and production and consumer market of normal production and life order stage.

Shipping grain from the Pacific Northwest to Japan cost $44.75 per metric ton as of April 21. This is an increase of more than 20% over the previous year.

An estimated 260,000 TEU of cargo is expected to flood the market at the Port of Shanghai this summer, making this year's peak season even busier than last.

The Russia-Ukraine War has triggered a global food crisis. The food competition has intensified, with soaring freight rates for small and medium-sized bulk carriers and daily rentals surging to more than $30,000.

The US trucking industry has lost its swagger – demand and rates are still high, but tender rejections and pricing have trended downwards in recent weeks.

Ukraine is attempting to establish a trade corridor with the Baltics to divert cargo away from the blockaded Black Sea and Azov Seaports.

According to the International Labour Organization (ILO), most of the approximately 1,000 seafarers trapped in Ukraine have already left, while the remaining small number is under the continuous attention of various international organizations and relevant countries and governments.

Demand for China-Europe rail freight has plummeted since Russia’s invasion of Ukraine, but some European customers are “bypassing sanctions” by using Chinese agents.