April 30, 2021

The Port of Long Beach and SpaceX signed a terminal lease agreement!

“We are honored to be SpaceX’s ‘first choice port’, which will bring ‘great opportunities’ to the port.” According to Lloyd’s Daily, the Port of Long Beach on the West Coast of the United States recently stated that Space Explorations Technologies Corp (SpaceX) has leased 6.5 acres of land in the port for launching rockets on

April 6, 2021

Suez Canal blockage highlights global supply chain risks

With the successful escape of the stranded cargo ship “Long Give” recently, the Suez Canal in Egypt is gradually returning to normal traffic. Analysts believe that after the complete restoration of canal traffic, the identification of accident liability and compensation for damages will become the focus in the short term, while in the long term,

March 3, 2021

The economic trend remains unchanged, and the traffic volume has increased year-on-year.

The economic trend remains unchanged Good volume growth year-on-year    January “One Belt One Road” container shipping volume    In 2021, facing the still complicated and severe foreign trade situation, China will continue to strengthen policy support and maintain policy continuity, stability and sustainability. In January, China’s foreign trade situation had a good start. The

February 3, 2021

China’s economy is off to a good start, manufacturing PMI is at 51% and above for 7 consecutive months

The China Federation of Logistics and Purchasing and the Service Industry Survey Center of the National Bureau of Statistics released on January 31 the Purchasing Managers Index (PMI) of China’s Manufacturing Industry for January 2021 was 51.3%, a decrease of 0.6 percentage points from the previous month. 51% and above indicate that despite the local

January 13, 2021

Strong demand in China! The BDI index rose for 8 consecutive days and hit a new high

Driven by strong demand for raw materials such as iron ore, the Baltic Dry Bulk Freight Index (BDI) rose for 8 consecutive days and hit a new high.    Last Friday (January 8), the BDI index surged 10.91% to close at 1606 points, setting a new closing high since October 14, 2020. Over the past

December 17, 2020

On-time service rate index hits a new low for new transatlantic routes

In November, the comprehensive on-time rate index of global trunk routes was 34.99%, which is the lowest value since the statistics in 2019. Severe container shortage, terminal congestion, and the rebound of the new crown pneumonia epidemic are the main reasons for the record-on-duty rate index. It is worth noting that the month-on-month decline was

December 4, 2020

Deutsche Bank expects Asia’s overall economic growth rate to reach 8% in 2021

China News Service, Beijing, December 2 (Reporter Xia Bin) The reporter learned of the 2021 China and Asia Pacific Economic Development Trends Research Report from the Deutsche Bank Group (hereinafter referred to as “Deutsche Bank”) Asia Macro Research Team on the 2nd. It is estimated that by 2021, the overall economic growth rate of Asia

November 26, 2020

Star Shipping’s third quarter net profit surged 28 times and its performance hit a record high

Zim Shipping (ZIM) recently released its financial report. Zim Shipping’s third-quarter revenue was US$1.0125 billion, the highest record in the past eight years. Compared with the US$842 million in the third quarter of 2019, it was an increase of 20.3%. Net profit in the third quarter was US$144.4 million, an increase of 2,818.4% compared with

November 17, 2020

How long will the shortage of containers last?

“It’s hard to get the cabin, but I can’t find the container!” Recently, the container transportation market is extremely hot, and the problem of lack of containers is very prominent. Maersk, the world’s largest container shipping company, also stated that due to the booming Pacific market, there has been a shortage of containers in the

October 30, 2020

International logistics giant DHL expects cargo volume to reach new highs around Double Eleven

China News Agency, Berlin, October 28 (Reporter Peng Dawei) DHL Express said on the 28th that with the globalization and digitalization trend promoting the continuous development of online shopping and supporting cargo transportation business, coupled with the new crown pneumonia epidemic further accelerating the development of e-commerce, it will soon In the coming “Double Eleven”

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