On October 4th, CMA announced the adjustment of FAK rates from Asia to the Mediterranean and North Africa. Effective from November 1, 2023 (loading date) until further notice.

These exports are mainly resin, and Houston Port is the top gateway for resin exports in the United States, accounting for 59% of the total resin exports. Since the beginning of the year, the import volume has decreased by 7%. This year, the consolidated loading capacity remains unchanged.

The container throughput of SC Ports in South Carolina decreased in August to 203169 TEUs and 111745 terminal containers, a decrease of 9% compared to the same month in 2022.

Our world is going against globalization, with global trade expanding at a slower pace than global economic growth for the first time, with a 2% increase in global trade and a 3% economic growth rate.

The LCL Shipping Process LCL Shipping LCL Freight full-container-load (FCL) service

Despite market uncertainty, James Evans, the new general manager of Cathay Pacific Freight, has found a reason to be optimistic about demand.

Extreme weather, especially typhoons and hurricanes in North Asia and the United States, has led to increased congestion at major ports.

Lufthansa Cargo is increasing its cargo flights to Mexico and Asia as these two destinations still have "attractiveness" and "economic strength".

Vespucci Maritime CEO Jars Jensen predicts that due to the one week National Day holiday starting on October 1st, which will lead to a decrease in Chinese exports, a wave of blank sailing may be announced in October.

According to the latest data released by the Shanghai Airlines Exchange, the Shanghai Export Container Freight Index (SCFI) fell 17.22 points last week to 1013.78 points, marking a two week decline. The weekly decline has expanded from 1.2% in the previous week to 1.67%. Among the main long-distance routes, except for the Far East to the US West route, which continues to rise, the other three major routes have all declined.

After the liner company formulated the freight schedule, sea freight rates did not remain unchanged. On the contrary, sea freight rates are constantly changing, especially in recent years with the changes in the world economy, and sea freight rates have also fluctuated and unpredictable, even reaching a high frequency of changing rates once per voyage.