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china latest news about Indefinite nationwide strike! Port and airport operations are disrupted, please be careful when shipping

Indefinite nationwide strike! Port and airport operations are disrupted, please be careful when shipping

December 3, 2024

Recently, customs auditors of the Brazilian Federal Taxation Bureau went on an indefinite strike over salary adjustments, affecting the operation of ports and airports across the country. The strike caused customs clearance delays and increased logistics costs, but priority goods were not affected. ...
china latest news about Trans-Atlantic and Europe rates drop, blank sailings increase.

Trans-Atlantic and Europe rates drop, blank sailings increase.

November 26, 2024

Facing declining market rates, shipping companies are increasing the intensity of cancellations to boost rates. Data shows that over the next five weeks, 70 out of 693 scheduled voyages on major transpacific, transatlantic, and Asia-to-North Europe/Mediterranean routes will be canceled, a 10% ...
china latest news about Breaking! East Coast Port Negotiations Break Down, Strike Risk for Dockworkers Escalates

Breaking! East Coast Port Negotiations Break Down, Strike Risk for Dockworkers Escalates

November 20, 2024

Negotiations between the East Coast dockworkers' union and the U.S. Maritime Alliance have collapsed, with the union prematurely terminating the discussions scheduled for four days. The union stated that the talks broke down due to management's proposal for semi-automation, while the Alliance ...
china latest news about Ships are starting to get stuck at Canadian ports

Ships are starting to get stuck at Canadian ports

November 12, 2024

Port workers on Canada's west coast went on strike on November 4, involving container terminals in Vancouver and Prince Rupert. The two sides disagreed on a new collective agreement. The union's response to the employer's "final offer" was to issue a 72-hour strike notice. Meanwhile, container ships ...
china latest news about Peak Season Leads to Warehouse and Shipping Capacity Overload, Increasing Freight Rate Risks

Peak Season Leads to Warehouse and Shipping Capacity Overload, Increasing Freight Rate Risks

November 4, 2024

As Black Friday and Cyber Monday peak seasons approach, Amazon's West Coast warehouses are severely overstocked, resulting in shipping delays and inventory backlogs. The consolidated shipping market is also experiencing capacity overload, especially on European and U.S. routes. Shipping companies ...
china latest news about UN releases latest shipping connectivity index

UN releases latest shipping connectivity index

October 29, 2024

According to the Liner Shipping Connectivity Index (LSCI) released by UNCTAD, China ranks first, and South Korea and Singapore rank second and third respectively. In the latest "2024 Maritime Review" report, UNCTAD pointed out that key global maritime channels including the Panama Canal, the Red Sea...
china latest news about Another port strike! Port transportation disrupted.

Another port strike! Port transportation disrupted.

October 23, 2024

Chittagong, Bangladesh is again experiencing turmoil as import and export transportation workers went on a 48-hour strike starting on October 21, resulting in container backlogs. Although vessels inside the port are loading as usual, the goods cannot be transported. Union leader Selim Khan accused ...
china latest news about Indefinite Strike at Montreal Port! Transatlantic Shipping Costs May Rise?

Indefinite Strike at Montreal Port! Transatlantic Shipping Costs May Rise?

October 15, 2024

Tensions between labor and management at the Port of Montreal are escalating, with the dockworkers' union announcing an indefinite overtime strike starting October 10. A previous three-day strike had already halted operations at two terminals. The Maritime Employers Association (MEA) has urged the ...
china latest news about 3-day strike at US East Coast ports, chaos at least until the end of October

3-day strike at US East Coast ports, chaos at least until the end of October

October 9, 2024

After the port strike ends, its impact will last for 7 weeks. As of October 3, there were nearly 60 ships anchored outside the port. Port operations may take 2-3 weeks to return to normal. Shippers may choose to mitigate the risks associated with a new potential strike on January 15 next year, which ...
china latest news about Starting from December 1, zero tariffs.

Starting from December 1, zero tariffs.

September 19, 2024

Starting December 1, 2024, China will implement a zero-tariff policy for 100% of the tariff lines of products originating from all the Least Developed Countries (LDCs) with which it has established diplomatic relations, totaling 43 countries, including 33 African nations. This initiative aims to ...