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Industry news

• Congestion in Chittagong has increased, how should the government solve it?

  Time: 2021-07-12 | Publisher: Kevin

  

  Due to congestion at the transshipment port and delays in berthing at Chittagong Port, Bangladesh’s private inland container yard ICD is crowded with containers of export goods.This seriously hinders the operation of the yard, and at the same time aggravates the congestion of the port, creating a vicious circle.The Chittagong P...
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• The shipping company is making adequate preparations for the peak season

  Time: 2021-07-08 | Publisher: Kevin

  

  This year, the shipping market is facing many challenges, such as cargo overstock, ship delays, port skipping, and space shortages.With the arrival of the peak season in the third quarter, shipping companies have begun to make some preparations and plan to deploy record high capacity.According to Sea-Intelligence's analysis, in t...
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• The container market was booming in the first half of the year, can it continue?

  Time: 2021-07-07 | Publisher: Kevin

  

  Nowadays, the strong container market allows carriers to seek additional ships to profit from the current record high freight rates in the market.According to data provided by VesselsValue, a ship valuation website, a total of 277 container ships changed hands in the first half of 2021.This is a 103.7% increase from the transaction v...
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• New ship orders hit a record high! Will the ship market maintain this state?

  Time: 2021-07-06 | Publisher: Kevin

  

  The 25 billion USD container ship "order wave" pushed the global new ship orders in the first half of the year to a 7-year high.However, this unprecedented "order wave" seems to be slowing down. The rapid increase in ship prices and fewer and fewer shipyards have allowed the market to move from "excitem...
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• There is a shortage of containers in Asia and a surplus of containers in Europe and America. What are the reasons for this?

  Time: 2021-07-05 | Publisher: Kevin

  

  We all know that the global trade recession in 2020 will cause a significant decline in trade volume.However, since the third quarter of last year, there has been a strange phenomenon in global shipping, that is, the number of containers is seriously insufficient, and the price of containers has risen sharply.Global trade has begun to ...
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• A container is hard to find, but. . . .

  Time: 2021-06-28 | Publisher: Kevin

  

  Recently, COSCO Shipping Company released a tripartite cooperation agreement, the object of which is the United Nations Food Aid Service and the World Food Program.The agreement indicates that COSCO Shipping will provide discount services when providing aid to the two of them. At the same time, the two of them will...
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• Why is the cabin vacancy rate high?

  Time: 2021-06-25 | Publisher: Kevin

  

  Why container production, port response policies are constantly updated, ship owners also buy a lot of new ships, the sea freight rate is still constantly rising?In fact, at present global shipping prices have exceeded international expectations.According to shipping big data, 42% of the world's ships are idle.As a result of the e...
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• The Port of Los Angeles set a new record in the western hemisphere

  Time: 2021-06-21 | Publisher: Kevin

  

  The Port of Los Angeles announced Tuesday that it will become the first port in the Western Hemisphere to handle more than one million TEUs in a month, setting a record.This May has been the busiest month ever for the nation's busiest port. It handled 1,012,248 boxes in May, a 74 percent increase from May 2020, when CO...
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