article tag Current News

China’s power crisis is expected to further disrupt supply chains bringing longer lead times and a preference for high-value goods.

The Port of Los Angeles is beginning the hard work of convincing terminal operators, importers, warehouses owners and trucking firms to embrace moving more cargo at night.

US president Joe Biden has hailed a new 24-hour working system, which he says will help to shift bottlenecks in US supply chains bringing products to market for Christmas.

Factories in at least ten Chinese provinces have either cut output or closed temporarily this month, after government-imposed power cuts to curb carbon emissions.

The Port of Los Angeles is holding back on extending its gate hours as encouraged by the Biden administration, focusing instead on boosting efficiency in operations while coping with a surge in imports into the critical U.S. trade gateway.

After launching a three-day strike, the owners and workers of trucks and vans in Bangladesh have resumed work after some 33 hours, as the government agreed to meet some of their demands at a meeting on Wednesday.

Now, with the implementation of the "Belt and Road" strategy, cross-border e-commerce is booming, and the development of international freight forwarders is expected to enter a new chapter.

An Evergreen Marine Corporation’s ship has been quarantined outside Kaohsiung port in Taiwan since 4 September, after five of its 22 crew members tested positive for Covid-19.

The recurrence of the Delta mutant strain is a heavy blow to the shipping industry. Shipping costs have soared as container prices around the world continue to hit record highs. Port congestion continues to worsen around the world, and global supply chains are in crisis.

Solid demand across dry bulk vessels segments propelled the Baltic Exchange’s main sea freight index to its highest level in more than a decade on Tuesday, with larger capesizes stretching a winning streak to a 10th straight day.