As of July 3, the Shanghai Containerized Freight Index (SCFI) reached 3,326.87 points, marking its tenth consecutive week of gains. This represents a 77.41% increase from the 1,875.26 points recorded on April 24, bringing the index back to its highest level since the pandemic.This round of price inc

Effective July 15, the Suez Canal Authority has increased the temporary transit surcharge for most vessel types, imposing a uniform 12-percentage-point surcharge on top of the current transit fees.The specific adjustments are as follows:Crude oil and refined product tankers: 25% → 37%Empty tankers:

According to reports, two Democratic U.S. senators recently sent a joint letter to the Office of the U.S. Trade Representative, calling for the prompt reinstatement of a previously suspended policy—the “Section 301 Special Port Fee” imposed on vessels built or operated by China.Under the original

MSC, the world’s largest container shipping company, has recently implemented a new round of adjustments to its route network.Whilst scaling back services on the India–US East Coast route, it has resumed express services between China and the US West Coast.It is understood that MSC has suspended t

Recently, freight forwarders have reported that another headache has emerged in the US market:Bookings are shown as direct services, but once the vessel sets sail, they turn out to be transhipment via Busan.The shipping lines involved include major carriers such as Maersk, Yang Ming Marine Transport