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        Recently, food and energy prices have continued to soar due to inflation, but wages are far from keeping up. From Korean truck drivers, German port workers, British railway workers, Belgian trade union workers, Canadian railway workers, Spanish truck drivers, to thousands of pilots in the American aviation industry and employees of …

Strikes Around the World May Cause Further Delays in Shipping and Delivery Times Read More »

        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 …

Strike in Europe, Heavy Stock in Rotterdam Port Read More »

       According to the latest freight rate data of Shanghai Export Container Freight Index (SCFI) released on July 2, the SCFI composite index continued to rise to 3095.14 points last week, up 119 points or 3.2% from the previous period. Shanghai’s export container freight index continues to break a record high.     …

Freight Rates Have Skyrocketed Read More »

       According to a report by the German weekly Focus on July 5, the United Nations recently released the World Urbanization Prospects report, which ranks the world’s largest cities with a population of more than one million. Seven of the top 10 largest cities are in Asia. Topping the list is Tokyo, Japan, …

Outlook on World Urbanization Read More »

After the middle of June, a number of shipping companies announced the increase in freight rates! Asia and Europe freight rose to $20,000, a 10-fold increase over the same period!         Global shipping giant Maersk said in an earnings call in May that it had increased its capital expenditure budget for 2021-2022 …

A Number of Shipping Companies Announced the Increase in Freight Rates Read More »

         Maersk said that at present, the average waiting time of ships in Los Angeles port and Long Beach port ranges from one week to two weeks, and there are about 40 ships queuing in the two ports; Auckland port ships enter the port and wait longer.         “Affected …

Container Prices Remain High Read More »

Steel prices rise! Many countries fall into “steel shortage”! China Iron and Steel Association again “In order to stabilize prices, supply to the domestic market should be given priority,” Vietnam’s deputy prime minister warned in a government document about rising steel prices. The country’s hot-rolled coil import price is above $1,000 a tonne, a 13-year …

Steel Prices Rise! Read More »

How much have steel prices gone up? As of mid-May, the average price per ton of eight types of steel in the national steel market exceeded 6,600 yuan, nearly 400 yuan higher than the peak of 6,200 yuan in 2008, a rise of 2,800 yuan per ton compared with the same period last year, or …

How much have steel prices gone up? Read More »

BHP Billiton adds 80 million tonnes of iron ore capacity On May 20, BHP Billiton officially announced the first iron ore production at its South Flank mine in the central Pilbara, Western Australia. It is understood that the mine can be stable annual output of 80 million tons of iron ore Iron ore supply is increasing …

BHP Billiton adds 80 million tonnes of iron ore capacity Read More »

Commodities tumbled across the board, with coking coal down by the daily limit and iron ore down 8% National Business News AI Express, the bulk commodities plunged across the board, the main coking coal futures contract hit the limit, down 7.98%, at 1782.5 yuan/ton. Iron ore fell 8%, hot volume fell more than 7%, thread …

Commodities Tumbled Across the Board Read More »