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china latest news about Happy Mid-Autumn Festival

Happy Mid-Autumn Festival

September 14, 2024

The Mid-Autumn Festival, also known as the Moon Festival, falls on September 29 this year. It's a time for family reunions and Thanksgiving, featuring mooncakes, lanterns, and dragon dances. Let's cherish moments with loved ones near and far. Happy Mid-Autumn Festival!
china latest news about China-Africa Cooperation Forum Boosts Collaboration

China-Africa Cooperation Forum Boosts Collaboration

September 11, 2024

The China-Africa Cooperation Forum in Beijing adopted the Beijing Declaration on Jointly Building a China-Africa Community with a Shared Future in the New Era and the China-Africa Cooperation Forum - Beijing Action Plan (2025-2027). China announced it will implement zero tariffs on 100% of products ...
china latest news about Shipping Company Introduces New Route Service

Shipping Company Introduces New Route Service

September 6, 2024

On August 31st, the shipping company launched a new route service connecting China and Dammam Port in Saudi Arabia. Six vessels with capacities ranging from 2,500 to 4,700 TEUs have been deployed for this service, with stops in Shanghai, Ningbo, Shekou, Singapore, and Dammam. The company stated that ...
china latest news about Container freight rates are expected to drop by 70% in the next 12 months

Container freight rates are expected to drop by 70% in the next 12 months

August 29, 2024

Shipping consultancy firms predict that freight rates will decrease by 70% over the next 12 months. This forecast is based on data from the Shanghai Containerized Freight Index (SCFI), which shows a continuous decline in freight rates since July. As demand weakens, container shipping companies are ...
china latest news about Ocean and Air Freight Rates Expected to Remain High in the Second Half of the Year

Ocean and Air Freight Rates Expected to Remain High in the Second Half of the Year

August 9, 2024

This week, ocean freight rates on European and American routes saw a slight decline. The rate for a 40-foot container on the West Coast of the United States is between $6,100 and $6,400, while on the East Coast, it's about $8,800 to $9,000. The rate for the Europe route is $8,000 to $8,400. In the ...
china latest news about Freight Rates Decline! Major Drops Across Four Key Routes!

Freight Rates Decline! Major Drops Across Four Key Routes!

July 23, 2024

The previously soaring sea freight rates in the container shipping market have seen a turning point since mid-July, with an overall pullback beginning to emerge. On July 19th, the latest Shanghai Export Container Comprehensive Freight Index was published at 3542.44 points, marking a decrease of 3.6% ...
china latest news about $7.2 Billion! Suez Canal Revenue Declines! Panama Canal Traffic Hits New High!

$7.2 Billion! Suez Canal Revenue Declines! Panama Canal Traffic Hits New High!

July 23, 2024

According to CCTV News, the revenue of the Suez Canal for the fiscal year 2023/2024 has dropped to $7.2 billion. On July 18th, local time, Osama Rabie, the chairman of the Suez Canal Authority in Egypt, announced that due to the Red Sea crisis, the number of vessels passing through the Suez Canal ...
china latest news about Cut Another 200 people! The shipping giant announced the suspension of shipping operations in the country

Cut Another 200 people! The shipping giant announced the suspension of shipping operations in the country

November 25, 2023

Recently, Maersk Group confirmed that it is in the midst of a new round of major layoffs, the shipping giant's headquarters in Copenhagen, Denmark, about 200 people are being laid off. At the same time, according to Maersk's official website, Maersk announced that as of December 1, it will ...
china latest news about Prices are up! Shipping company: Since December, the freight on these lines has increased...

Prices are up! Shipping company: Since December, the freight on these lines has increased...

November 18, 2023

Recently, Hapag-Lloyd has announced rate increases on a number of routes, which will take effect next month. Involving the United States line, European line, South Africa, South America, etc...Hapag-lloyd was shipped from East Asia to North America to collect GRI Hapag-lloyd issued an announcement ...
china latest news about The 2nd China Chaoshan International Textile and Garment Exhibition Grandly Opened

The 2nd China Chaoshan International Textile and Garment Exhibition Grandly Opened

April 3, 2023

On March 24, 2023, the 2nd China Chaoshan International Textile and Garment Exhibition officially opened in a grand ceremony. The event lasted for three days, covering a total exhibition area of 50,000 square meters, divided into 5 exhibition halls and 15 exhibition areas. A total of 508 textile and ...