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Overnight Surge of 40%! Potential Strike Triggers “Distant Concerns” Over Winter Supplies – Is the “Winter Warning” in Europe Reappearing?
Aug 16th , 2023 Last year, the ongoing energy crisis plaguing Europe garnered widespread attention. Since the beginning of this year, European natural gas futures prices have remained relatively stable. However, in recent days, there has been a sudden surge. An unforeseen potential strike...Read more -
European and American sea freight prices have risen together! European routes have surged by 30%, and transatlantic fares have increased by an additional 10%
Aug 2, 2023 European routes finally staged a major rebound in freight rates, surging by 31.4% in a single week. Transatlantic fares also rose by 10.1% (reaching a total increase of 38% for the entire month of July). These price hikes have contributed to the latest Shanghai Containerized Freight I...Read more -
In Argentina, the usage of the Chinese Yuan has reached an all-time high
July 19th, 2023 On June 30th, local time, Argentina made a historic repayment of $2.7 billion (approximately 19.6 billion yuan) in external debt to the International Monetary Fund (IMF) using a combination of IMF’s Special Drawing Rights (SDRs) and RMB settlement. This marked the first tim...Read more -
There will be a Major Strike at Several West Coast Ports in Canada from July 1st. Please be Aware of Potential Disruptions in Shipments
July 5th, 2023 According to foreign media reports, the International Longshore and Warehouse Union (ILWU) in Canada has officially issued a 72-hour strike notice to the British Columbia Maritime Employers Association (BCMEA). The reason behind this is the deadlock in collective bargaining betwee...Read more -
The Prospect of China-Africa Economic and Trade Cooperation is Broad
June 28th, 2023 From June 29 to July 2, the 3rd China-Africa Economic and Trade Expo will be held in Changsha, Hunan province, with the theme of “Seeking Common Development and Sharing a Bright Future”. This is one of the most important economic and trade exchange activ...Read more -
National Economy Continues to Recover in May with The Continuous Effect of Stable Economic Policies
June 25th, 2023 On June 15th, the State Council Information Office held a press conference on the operation of the national economy in May. Fu Linghui, the spokesperson for the National Bureau of Statistics and director of the Comprehensive Statistics Department of the National Economy, stated t...Read more -
Countering Economic Coercion: Tools and Strategies for Collective Action
June 21st, 2023 WASHINGTON, D.C. – Economic coercion has become one of the most pressing and growing challenges on the international scene today, which has raised concerns about the potential damage to global economic growth, the rules-based trading system, and international security and stabili...Read more -
Multiple ports in India shut down! Maersk issues customer advisory
June 16th, 2023 01 Multiple ports in India have halted operations due to a hurricane Due to the severe tropical storm “Biparjoy” moving towards the northwestern corridor of India, all coastal ports in the state of Gujarat have ceased operations until further notice. The affected port...Read more -
UK Logistics Giant Declares Bankruptcy Amid Increasing Industry Failures
On June 12th, UK-based logistics titan, Tuffnells Parcels Express, announced bankruptcy after failing to secure financing over recent weeks. The company appointed Interpath Advisory as joint administrators. The collapse is attributed to rising costs, the impacts of the COVID-19 pandemic, and fie...Read more -
44℃ High Temperature Forces Factory Shutdown! Another Country Falls into Power Crisis, 11,000 Companies Forced to Reduce Electricity Usage!
June 9th, 2023 In recent years, Vietnam has experienced rapid economic growth and has emerged as a prominent global economic powerhouse. In 2022, its GDP grew by 8.02%, marking the fastest growth rate in 25 years. However, this year Vietnam’s foreign trade has been experiencing a continuou...Read more -
Major Western US Port Operations Halted Amid Labor Disruption
According to a report by CNBC, ports along the western coast of the United States are facing closure due to a labor force no-show after negotiations with port management failed. Oakland port, one of the busiest ports in the United States, ceased operations on Friday morning due to a lack of dock ...Read more -
Busy Chinese Seaports Boost Foreign Trade Stability and Growth with Customs Support
June 5th, 2023 On June 2nd, the “Bay Area Express” China-Europe freight train, loaded with 110 standard containers of export goods, departed from the Pinghu South National Logistics Hub and headed for the Horgos Port. It is reported that the “Bay Area Express” China-Europe...Read more
