News Center-Sungreen Logistics

Only a 10% AD valorem duty will be imposed within 90 days and a 24% duty will be suspended

2025-05-13

The 24% tariff will be suspended for the initial 90 days, while the remaining 10% tariff will be imposed on these goods in accordance with the provisions of the executive order.

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Li Ka shing: Port transactions cannot be conducted under any illegal or non compliant circumstances

2025-05-13

Changjiang Heji Industrial Co., Ltd. hereby declares that this transaction cannot be conducted under any illegal or non compliant circumstances.

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Maersk achieved revenue of 13.3 billion US dollars in the first quarter

2025-05-13

Maersk achieved revenue of 13.3 billion US dollars, an increase of 7.8% year-on-year. Ebit rose significantly from $177 million in the same period of 2024 to $1.3 billion, representing a year-on-year growth of approximately 607.9%.

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Guangzhou Port has introduced a new offer extending the no-piling period to 30 days

2025-05-13

From May 15 to July 31, 2025, the no-piling period for ordinary heavy containers entering the Nansha Port Area of Guangzhou Port on the North American line for foreign trade exports will be extended to 30 days.

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Several shipping companies have reduced services on the Asia-US route

2025-05-13

Due to the collapse of trade caused by President Trump's punitive tariffs on the world's largest exporter, major container shipping companies have suspended at least six scheduled weekly routes between China and the United States.

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In 24 years, the net income reached 4 billion yuan, and the scale of the self-owned fleet reached 100 vessels

2025-05-13

Saudi Arabian National Shipping Company (Bahri) achieved a milestone at the end of the first quarter that few other shipowners have reached - by acquiring seven new modern vessels, the total size of its own fleet has reached 100 ships.

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The policies of the United States are harming the container shipping market

WSC warns: US policies are harming the container shipping market

2025-04-30

The World Shipping Council (WSC) has released a report highlighting the positive impact of container transportation on the US economy.

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Under the form of tariffs, the freight rates of the Trans-Pacific route have decreased

2025-04-30

Despite the impact of the Sino-US trade war on the supply chain, trans-Pacific container freight rates have benefited from the continuous evolution of carriers' strategies.

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A container ship collided with a Hong Kong bulk carrier at the Ho Chi Minh Port

2025-04-30

The container ship "KMTC Surabaya" flying the Panamanian flag collided with the bulk carrier "Glengyle" flying the Hong Kong flag near the Dragon Head River in Ho Chi Minh City, Vietnam, causing a major maritime accident.

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There was a nationwide strike and the operation of the Port of Antwerp - Bruges was disrupted

2025-04-30

Due to the nationwide strike that occurred on April 29th, the operations of various terminals at the Port of Antwerp - Bruges were severely disrupted, marking the fourth shutdown in several months.

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