News Center-Sungreen Logistics

Foreign media: Trump's election will put pressure on shipping rates and Asian exports

2024-10-17

If Donald Trump becomes U.S. president again next year, container rates will come under more pressure as he is expected to resume protectionist measures that will reduce imports.

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The new tax introduced by France will cost CMA CGM nearly $900 million

2024-10-17

Faced with a gaping hole in its coffers, the French government targeted cash-rich shipping companies in its latest budget plan, and CMA CGM said the new tax would cost it nearly $900 million over two years.

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Due to continued congestion in the eastern ports of the United States, MSC announced the suspension of the Pacific route

2024-10-17

MSC and Maersk announced the cancellation of four voyages from Asia to the Eastern United States and the Gulf of Mexico due to continued congestion caused by port strikes in the Eastern United States.

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Mediterranean shipping MSC increased freight rates, effective from November 1

2024-10-17

MSC has announced an increase in FAK rates for the Far East to Western Europe and the Mediterranean.

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Shanghai Port completed the container throughput of 39.102 million TEUs

In the first nine months, the container throughput of Shanghai Port was 39.102 million TEUs

2024-10-17

From January to September 2024, Shanghai Port completed 39.102 million TEUs of container throughput, an increase of 8%.

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Shandong Weifang Xiti the country's first "zero carbon port"

2024-10-17

Shandong Bohai Bay Port Group Weifang Port, won the "Carbon neutral Evaluation Certificate" issued by China Classification Society Quality Certification Co., LTD., marking the country's first "zero carbon port" built in Weifang Port.

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DP World is investing $1.3bn in London Gateway

To create the UK's largest container port, DP World invests $1.3 billion

2024-10-16

Global logistics giant DP World announced that it will invest 1 billion pounds (about 1.3 billion US dollars) to expand London Gateway, making it the largest container port in the United Kingdom within five years.

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Carriers are braced for a new battle for market share ahead of the alliance restructuring in 2025

Container shipping alliances face restructuring as demand falls

2024-10-16

The restructuring of container shipping alliances in 2025 will prompt liner operators to compete for market share, hampering capacity even as freight rates continue to fall.

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In 2030, the aging problem of large ships is more significant

2024-10-16

By 2030, nearly 30% of ships and capacity in the existing fleet will be more than 20 years old, especially for large ships.

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A three-alarm fire has broken out in Hong Kong

A three-alarm fire has destroyed containers at a cargo handling area in Hong Kong

2024-10-16

A three-alarm fire broke out in Hong Kong's New Yau Ma Tei public cargo working area, with several containers on fire and explosions, and the fire briefly spread to nearby ships.

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