News Center-Sungreen Logistics

Gross margin reached 31.0%, SITC announces first half 2024 results

2024-08-23

In the first half of 2024, SITC achieved revenue of $1.301 billion, an increase of 3.8%. Profit was $353 million, up 12.8% year-over-year, and gross margin reached 31.0% in the first half of 2024.

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The idle container ship fleet is at a record low

2024-08-22

While more than 2 million TEU of newly built container ships have been added to the global fleet so far this year, open tonnage remains at historically low levels.

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Ranking the world's top 100 container liner companies by capacity, 16 Chinese liner companies made the list

2024-08-22

As of August 20, 2024, the number of container ships in operation worldwide totaled 7,049 (of which 6,260 are pure container ships and others are multi-purpose vessels), with a total capacity of 30.4936 million TEU, equivalent to approximately 361 mi

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Freight has been paralysed and there is a general rail strike in Canada today

2024-08-22

Canadian National Railway officially notified the Canadian Teamsters Union that the general strike will begin at midnight today (22nd) when a lockout ban is imposed on union workers. In a statement, the company said that if the labor conflict is not

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The European Union has unveiled a draft tariff on Chinese-made electric vehicles

2024-08-22

The European Commission disclosed a draft decision to impose final countervailing duties on pure electric vehicles imported from China, a small adjustment from the preliminary ruling published on July 4.

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More than 87,000 TEU were shipped from container to container

The volume of containers was 517,000 TEU, and the business volume of Shanghai sea-rail combined transport surged

2024-08-22

With the arrival of the summer peak, Shanghai Luchao Port Railway Container Center station sea-rail combined transport business has repeatedly reached a new high, in July completed the container delivery of more than 87,000 TEU, completed the deliver

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The two departments issued export controls on antimony

China implements export control on antimony and superhard materials related items

2024-08-22

The Ministry of Commerce and the General Administration of Customs issued the announcement of the implementation of export control of antimony and other items, China's control of rare earth and antimony and other resources, although these measures ma

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Yangming Marine declared general average

The shippers are out of luck. Yangming has declared general average

2024-08-21

Nine days after the YM Mobility explosion, Taiwan-based liner company Yangming declared general average. Cargo unloading and transshipment is being planned, and specific arrangements will be made according to the adjuster's notice.

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Cma CGM container ship lost nearly 100 containers in a storm

2024-08-21

CMA CGM Belem, a container ship owned by CMA CGM, lost up to 99 containers when a container stack collapsed due to bad weather while sailing off the coast of Richards Bay, South Africa.

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A rail strike in Canada is expected to cost billions of dollars

2024-08-21

Canada's two largest rail companies are scheduled to shut down on Thursday in a labor dispute that could halt rail freight and cost billions of dollars.

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