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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 -
RMB falls below 6.5
Recently, the RMB exchange rate against the U.S. dollar has fallen rapidly as the Fed is expected to raise interest rates. The offshore RMB has achieved four consecutive declines, falling below the integer mark of 6.45, 6.46, 6.47, 6.48 and 6.49 in a row, and broke through the 6.5 mark on...Read more -
Sea freight: Almost all routes set new records!
Christmas is approaching, but supply chain bottlenecks caused by congested ports and a shortage of drivers persist. Deutsche Bank analysis shows the average container price for Maersk and HapagLloyd, two of the world’s largest shipping lines, could rise by 30% in 2022. Because of the po...Read more -
Announcement of New Exhibition Period of China Interdye 2021
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9 Chinese killed and 28 injured in Pakistan bus blast
Nine Chinese workers were among 13 people killed on Wednesday when a blast on a bus sent it careering down a ravine in north-western Pakistan. The bus was carrying Chinese engineers, surveyors and mechanical staff to the Dasudam site in Khyber Pakhtunkhwa province, which is under construction. ...Read more -
Mega container ship collided with Panamax bulker in Malacca Strait, both damaged
Mega container ship ZEPHYR LUMOS collided with Panamax bulk carrier GALAPAGOS at 2050 LT (UTC +8) Jul 10 in Malacca Strait off Melaka, Malaysia, halfway between Singapore and Port Dickson. Both ships were proceeding in western direction. Why did they collide, is yet unclear. ZEPHYR LUMOS struck G...Read more -
Shipping industry is super crazy. Crazy price. Crazy to buy new container ships.
Continue to rise! On July 15th and August 1st, ocean shipping prices ushered in another two rounds of jumps! GRI has risen 15 times this year! According to data from Sea-Intelligence, du...Read more -
The 100th Anniversary of the Founding of The Communist Party in China
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International sea freight rates may soar again in July
With the gradual recovery of economic activities in Europe and the United States and the increasing market demand for various materials, import demand from Europe and the United States continues to remain high. However, container detentions caused by COVID-19, ship skipping, poor transportation t...Read more -
South Korean shipowners hit out after 23 lines are fined for price-fixing
South Korea’s anti-trust -authority has slapped penalties on 23 liner operators for colluding to fix freight rates. But the move has angered the Korea Shipowners’ Association (KSA). The Korea Fair Trade Commission (KFTC) said on Tuesday its investigations found that 23 liner operators...Read more
