Supply and demand situation: This week’s domestic steel market situation in China: On the supply side, the supply of five major steel products this week was 9.1656 million tons, an increase of 141,500 tons, an increase of 1.6%. In terms of inventory, the total inventory of five major steel products this week was 23.8651 million …
As the Spring Festival is approaching, due to weak demand, the downward trend of global transportation demand continues, forcing liner companies including Maersk and Mediterranean Shipping Company (MSC) to continue to cut capacity. Both Zim and CLX+ routes will be suspended for 3 weeks during the Spring Festival. According to Alphaliner, a shipping information and …
Staff at South African port terminal operator Transnet have gone on strike over wages since last Friday, with Transnet saying force majeure exists at all South African ports. Transnet owns and operates 16 terminals and seven ports in South Africa. The seven major South African ports have declared a force majeure strike this time, and …
At present, the global ocean freight rate has plummeted. Ding Chun, a professor at the Institute of World Economics at the School of Economics of Fudan University, believes that the main reasons are: the high inflation rate in Europe and the United States, combined with geographic conflicts, energy crises and epidemics, which have caused the …
It is reported that Unite the Union has confirmed that more than 560 dockers at the Port of Liverpool, the UK’s second largest container terminal, will hold strike action from September 19 to October 3. The union has warned that the strike action will severely disrupt shipping and road transport in and around Liverpool, adding …
The current situation of China’s domestic steel market this week: Due to the increasing downward pressure on the domestic economy and the high temperature and off-season, the market sentiment was cautious this week, the enthusiasm for downstream purchases was low, and the demand for steel continued to be weak. In the short term, the supply …
Focus China’s steel price! The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel mills in the early stage led to an accelerated decline in inventories, which also supported a rebound in steel prices. In addition, it is expected that the profits of steel …
At present, the congestion of container ports is becoming increasingly serious on all continents. Asia: due to the continuous epidemic and seasonal typhoons, some major ports and wharves in China will face the pressure of yard and berth congestion. The storage yard density of Singapore is 80%, while that of Busan, the largest port in …
Under the pressure of inflation, strikes broke out among port workers in Britain, Spain, Germany, Belgium and other European countries, which exacerbated the difficulties faced by logistics. At the same time of strikes in Europe, the backlog of undelivered goods in Rotterdam port is becoming more and more serious. This has forced shipping companies to …
The Shipping Reform Act The US House of Representatives passed the Shipping Reform Act on June 13, local time, which aims to improve shipping oversight. The legislation expands the authority of the FEDERAL Maritime Commission (FMC) to address unfair business practices by international container lines and terminal operators. Supporters of the bill say it will …