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

        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 …

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A Number of Shipping Companies Announced the Increase in Freight Rates

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 …

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Steel Prices Rise!

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 …

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BHP Billiton adds 80 million tonnes of iron ore capacity

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 …

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