June 5, 2023

BIMCO: Container shipping volume will increase by 1.5% in 2023, reaching 185 million TEUs in 2024

-Demand side- BIMCO predicts that under the base scenario, global container shipping volume will increase by 0.5% to 1.5% in 2023 and 5.5% to 6.5% in 2024. Based on this, by 2024, the container sea freight volume will reach approximately 185 million TEUs. The traffic volume in the first half of 2023 will show negative

May 26, 2023

The Panama Canal is facing a drought crisis, allowing for a reduction in cargo capacity! More capacity occupied!

The Panama Canal is one of the three busiest canals in the world, with over 12000 ships passing through it every year to transport goods to more than 160 countries. Its shipping hub is second only to the Suez Canal. But currently, this important world shipping hub is facing the most severe drought crisis in

May 12, 2023

CMA acquires Bollore logistics department for $5.5 billion

Recently, both companies stated that the French shipping group CMA CGM has promised to acquire the logistics business of family owned company Bollore for a value of 5 billion euros (5.5 billion US dollars). CMA CGM granted Bollore the option to sell its logistics business, which generated more than 7 billion euros in revenue last

March 23, 2023

In February, the throughput of nine of the top ten ports in the United States decreased, while the Port of Los Angeles experienced a year-on-year drop of 43%

The throughput of Los Angeles Port in February was 487846 TEUs, a year-on-year decrease of 43%, making it the worst February since 2009. Gene Seroka, Executive Director of the Port of Los Angeles, said: “The overall slowdown in global trade, the extension of the Asian Lunar New Year holiday, warehouse backlog, and the transfer of

March 16, 2023

What major signals does ONE’s new strategy reveal?

NYK, one of the three major shareholders of ONE, recently announced the latest medium-term development strategy from 2023 to 2026, aiming to further develop its consolidation and logistics business.   The new strategy shows that the Group plans to support and give priority to the sustained growth of ONE, especially in developing countries with huge

February 24, 2023

China Council for the Promotion of International Trade (CCPIT): The global economic and trade frictions and conflicts show a trend of high volatility and intensification

China News Agency, Beijing, February 22 (Reporter Li Xiaoyu) The latest data released by the China Council for the Promotion of International Trade on the 22nd showed that the global economic and trade friction index reached 222 in December 2022, up 75 points from November that year and 145 points from the same period in

February 16, 2023

IMF President: China will optimize epidemic prevention and control measures and the market will be more optimistic about global economic growth

According to Reuters on February 13, the President of the International Monetary Fund (IMF), Christina Georgieva, said on the same day that the global financial market has sufficient reasons to be more optimistic about economic growth, based on the impact of positive factors such as China’s optimization of epidemic prevention and control measures. Speaking at

January 29, 2023

The two TOP10 companies merge! “Change of ownership” of the world’s largest ship management company

On January 19, the merger of OSM Maritime Group and Thome Group, the world’s top ten ship management companies, was officially finalized, and the two companies announced that they had agreed to merge. OSM Maritime Group was founded in Arendal, Norway, in 1989, while Thome Group was founded in 1963. It operates in the form

January 13, 2023

Clarkson: The index set a new record in 2022

Clarkson’s ClarkSea index, a shipping brokerage company, covers about 80% of the world’s fleet capacity. The index soared by nearly one third in 2022, reaching a record level. The rise of the index was mainly due to the support of the container shipping sector. In addition, automobile ships, oil tankers and LNG carriers also performed

December 30, 2022

Ministry of Transport of China: expand intercontinental aviation networks in Europe, North America, Oceania, etc

China news agency, Beijing, December 29 (Reporter Wang Enbo) Zhang Dawei, Deputy Director of the Comprehensive Planning Department of the Ministry of Transport of China, said in Beijing on the 29th that China will further facilitate international transportation, and relevant measures include expanding intercontinental aviation networks in Europe, North America, Oceania, etc.   The National