News
21.12.13
WTO Report Calls for Removal of COVID-19 Related Trade Restrictions
World Trade Organization (WTO) members showed restraint in the imposition of new trade-restrictive measures related to COVID-19 and continued to roll back restrictions adopted earlier in the pandem...
21.12.13
US Retail Imports to Show Record Growth Despite Pandemic
Retail imports at the U.S.'s major container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pan...
21.12.10
US House of Representatives Passes OSRA 2021
The U.S. House of Representatives has passed the Ocean Shipping Reform Act of 2021 (H.R.4996). This bill is the first major overhaul of federal regulations for the global shipping industry in over ...
21.12.08
Beijing Creates $4.71 Billion China Logistics Group
Beijing celebrated on Monday the establishment of China Logistics Group with registered capital of RMB30 billion ($4.71 billion). The new state-owned company was born from the merger of China Railw...
21.12.08
Container Dwell Fee at San Pedro Ports Remains in Hold Until Dec. 13
The Ports of Los Angeles and Long Beach have once again decided to postpone their claim to dwell fees on containers idling for too long at the terminals. The dwell fee at the two US west coast port...
21.12.07
Ex-Shanghai Spot Rates Set New Record on USWC Route
Spot rates for container exports from the Chinese port of Shanghai increased on major trade routes in Week 48, the Shanghai Shipping Exchange (SSE) has announced. On the route to the west coast of ...
21.12.06
Box Trade to/from Asia Projected to Mark 2.9% Growth through 2026
Oceangoing containerized shipments on the North America, Europe and intra-Asia trades are projected to increase 7.8% from last year to a total of 99.322 million TEUs this year, according to a recen...
21.12.02
Korea-Japan Box Trade Hikes 0.2% in October
Containerized shipments moved between Japan and South Korea amounted to a total of 153,600 TEUs in October, hiking 0.2% from 153,400 TEUs in the same month of 2020 and registering year-on-year grow...
21.12.02
High Demand Keeps SCFI Rising for 3 Consecutive Weeks
The composite Shanghai Containerized Freight Index (SCFI) stood at 4,601.97 points in Week 47, rising 1% from the previous week and making such an improvement for the third week in a row. On the tr...
21.12.01
Container Dwell Fee in San Pedro Ports Remains on Hold Until Dec. 6
The Ports of Long Beach and Los Angeles have announced a further postponement of the ''Container Dwell Fee.'' After meetings with U.S. Port Envoy John Porcari, ocean liner companies and marine term...
