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CBP will implement stricter cargo description requirements for air cargo

Traders beware, US Customs scrutinises incoming goods with unclear descriptions

2024-10-09

The US Customs and Border Administration (CBP) will implement stricter air cargo description requirements, strengthen supervision of imported goods, reject ambiguous descriptions, and strengthen the review of cross-border e-commerce goods.

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As the situation in the Red Sea eases, the market will face potential downward pressure

2024-10-08

Thomas Lister, CEO of container Ship owner Global Ship Lease, acknowledged in a new interview that there would be potential downward pressure on the market if the situation in the Red Sea were to ease.

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The early end of a port strike in the eastern United States sent shipping companies

Shares of shipping companies tumbled after a port strike in the eastern United States ended early

2024-10-08

After the strike ended, Maersk and Hapag-Lloyd and other shipping companies share prices fell sharply, Maersk shares fell 8.6 percent, Hapag-Lloyd shares fell 12.8 percent.

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Cma CGM Group CNC establishes new company in Philippines

2024-10-08

CMA CGM Group CNC establishes a new company in the Philippines, CMA CGM Philippines Shipping, to improve connectivity between major Philippine ports and CMA CGM's global network.

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A tentative agreement has been reached between the two sides after a strike at the US East terminal ended

2024-10-08

A three-day strike between longshoremen and port operators on the U.S. East Coast has officially ended, with the two sides reaching a preliminary agreement and extending the main contract until Jan. 15, 2025.

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The EU has imposed a 45 per cent tariff on Chinese electric cars

The EU's proposal to impose countervailing duties on Chinese electric vehicles has been approved

2024-10-08

Eu member states have formally voted, scheduled to take effect at the end of October, and Chinese electric car manufacturers entering the European market will face ultra-high tariffs of up to 45 percent.

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Oversupply in the container shipping market has accelerated the decline in freight rates

2024-10-08

With the arrival of the off-season and a large number of new vessels coming into service, the container shipping market is facing significant oversupply pressure, and rates are expected to accelerate the decline, allowing those non-alliance vessels w

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Maersk stopped accepting bookings to and from Haiti

Riots in Haiti close Port-au-Prince, Maersk halts bookings in the country

2024-09-29

The violence led to the temporary closure of all land traffic to Port-au-Prince, the capital of Haiti, and Maersk immediately stopped accepting bookings to and from Haiti due to the unstable situation.

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SCFI fell for six consecutive weeks, and freight rates on major routes fell sharply

2024-09-29

SCFI fell for six consecutive weeks, affected by the threat of strikes in the East of the United States and the off-season, the freight rate of major routes fell sharply, and the shipping company added surcharges to cope with the risk.

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The United States East wharf strike is imminent, ONE, Yangming executives express views

2024-09-29

In response to the strike planned by the US East Coast Port Union (ILA) to begin in the early hours of October 1, many liner companies have announced surcharges, and some liner executives have also spoken out on the incident.

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