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Almost all routes in different directions have seen price increases and full capacity
Recently, several shipping companies have announced a new round of freight rate adjustment plans for November. CMA, HMM, ZIM, Maersk, Hapag-Lloyd and other shipping companies have successively adjusted the rates of some routes, involving Europe, the Mediterranean, India and Pakistan, and Africa.Read more -
The containers were crushed! The containers at the port collapsed suddenly
On October 5, the Greek port of Piraeus suffered an accident. Several containers collapsed at the dock. Fortunately, no casualties were caused. The Union of Container Workers at the Port of Piraeus Terminals (ENEDEP) expressed deep concerns about safety issues, stressing that if the incident had...Read more -
Breaking news! 46 containers fell into the water!
Recently, a ship owned by the Mediterranean Shipping Company encountered severe winter weather off the coast of South Africa, and dozens of containers on board fell into the water. And the ship may be carrying Chinese goods! After the accident, the MSC Antonia headed for Cape Town for safety and ...Read more -
The cargo owner suffered! Yang Ming declared a general average loss! Follow-up of the Ningbo Port explosion
On August 20, Yang Ming Marine Transport’s official website officially announced that its ship YM Mobility suffered a fire accident on the bow while operating at Ningbo Port on August 9. In order to safeguard the common interests of the ship and all property on board, Yang Ming Marine Trans...Read more -
RMB Exchange Rate Rebounded Strongly
On August 5, the strong rebound of the RMB exchange rate attracted widespread attention. The onshore RMB exchange rate against the US dollar closed at 7.1385, up 765 basis points from the previous trading day. This change is not only the result of short-term market fluctuations, but also the resu...Read more -
Declare General Average
Maersk Frankfurt, a new container ship chartered by Maersk, suffered a fire in the Arabian Sea on July 19, 2024.At the time of the incident, the ship was sailing from Mundra to Colombo. It was carrying some dangerous goods and had a total of 21 crew members, one of whom unfortunately died in the...Read more -
Maersk Operations through Red Sea/Gulf of Aden
Maersk issued a statement on its official website on January 5, stating that the current situation in the Red Sea region remains highly tense and full of uncertainty, and security risks continue to increase significantly. As a result, Maersk has decided that for the foreseeable future, all Maersk...Read more -
Restricted flights again! The Panama Canal will shrink further
In order to mitigate the impact of severe drought, the Panama Canal Authority (ACP) has recently updated its shipping restrictions. The number of daily ships passing through this major global maritime trade channel will be reduced from 32 to 31 ships starting in November. Canal drought intensifi...Read more -
Huge shock in the foreign exchange market! A strong dollar produces a “butterfly effect”
Recently, there has been a wave of collective depreciation of non-US dollar currencies around the world. For example, my country’s renminbi, Russian ruble, and Japanese yen have all been relatively strong currencies in the past period of time, and there have also been eye-catching depreciat...Read more -
The foreign trade situation is not optimistic
Recently, China’s Hong Kong exports fell 13% in April, the 12th straight month of decline. Trade remains under pressure as the global economy continues to suffer from weak demand, higher interest rates in Europe and the United States, and inflation. In the short term, the US rate-raising cy...Read more -
BANGLADESH FOREX SITUATION
Bangladesh over import depensence strains forex reserves Please give us US dollars, we can’t open L/C to import raw materials. ” An appeal from a business leader involved in industries as diverse as steel, cement, textiles, and financial institutions. 100% import-dependent enterprises can&#...Read more -
Only $60 billion left in foreign reserves! Inflation is soaring!
As the Russian-Ukrainian war continues, Western sanctions against Russia continue to escalate, which will undoubtedly deal a fatal blow to countries that have not yet recovered from the impact of the epidemic. Data show that Turkey’s foreign reserves have fallen to $60 billion, and the data point...Read more
