News
22.03.29
Shanghai Lockdown May Bring about Supply Chain Disruptions
Shanghai has gone into a new lockdown in the Pudong New Area to contain Covid-19 outbreak, creating concerns over supply chain disruption. Residents of these districts are required to stay within t...
22.03.24
Containerized Exports from Japan to US Jump 42.3% in February
Outbound containers from Japan to the U.S. jumped 42.3% to 45,327 TEUs in February, accomplishing a year-on-year increase for two back-to-back months, Descartes Datamyne recently announced. From th...
22.03.24
China Predicts Strong Container Shipping Demand in 2022
A recent report announced by China's Ministry of Transport predicts the container transportation market remains strong through the course of this year. The report titled ''2021 Water Transportation...
22.03.23
Ex-China Box Rates Fall on Europe, North America Routes
The composite index for container exports from the Chinese port of Shanghai declined 1.8% from the previous week to 4,540.31 points in Week 11. It was negatively impacted by lockdowns imposed in ma...
22.03.23
San Pedro Bay Ports Clean Truck Fund Rate Collection to Begin April 1
The ports of Long Beach and Los Angeles on April 1, 2022 will begin collecting a rate of $10 per TEU on loaded import and export cargo containers hauled by drayage trucks as they enter or leave con...
22.03.23
China’s Box Throughput Ramps up 4.6% in February
Chinese ports handled 19.44 million TEUs of containers in total last month, up 4.6% from February of last year, according to a preliminary announcement made by the nation’s Ministry of Transport (M...
22.03.22
Ukraine War Would Boost Ocean Rates by 5-8%: UNCTAD
UNCTAD has unveiled its assessment report of the Ukraine war’s impact on trade and development which shows a rapidly worsening outlook for the world economy, with the situation especially alarming ...
22.03.22
World Container Index Dips below $9,000/FEU Mark
Drewry's World Container Index composite index decreased by 3.8% to $8,832.23 per 40ft container, but is 79% higher than the same week in 2021. The WCI composite index fell below $9,000 per 40ft co...
22.03.22
Malaysia Becomes 12th Country to Implement RCEP
The Regional Comprehensive Economic Partnership (RCEP), the world's largest trade deal so far, went into effect in Malaysia on Friday. RCEP took effect on January 1, 2022 to create the world's larg...
22.03.17
US to Launch Supply Chain Data Initiative
The White House has announced that Director of the National Economic Council (NEC) Brian Deese and Secretary of the Department of Transportation (DOT) Pete Buttigieg met with key stakeholders in th...
