Thailand’s Land Bridge Project: Expected to Redirect the Global Shipping Pattern
22 November 2023
The Thai government recently launched a large-scale project costing $28 billion to build a land bridge to bypass the busy Strait of Malacca. This move is expected to significantly reduce shipping time between the Indian and Pacific Oceans, while also reducing transportation costs, and will have a profound impact on global shipping. Overview of the Land Bridge Project Thai Prime Minister Srettha Thav...
The U.S. customs inspection rate has increased, and the U.S.-West route has returned to 2100.
November 8, 2023
In the run-up to the peak trading season, merchants not only have to deal with changes in platform policies, but also have to face uncertainties in logistics and distribution, such as overloaded warehouse capacity and tight shipping space. More challenging is that the US Customs and Border Protection (CBP) often increases the inspection rate at this time, especially for the review of cargo values. I. Customs inspection status at major ports ...
A major strike broke out at Australian ports, affecting logistics and transportation
7 November 2023
In a statement, the Australian Maritime Alliance announced a new round of protected strike operations at the Australian ports of the DP World Group, calling on trade unions to return to the negotiating table and noting that ongoing industrial operations have caused serious delays and disruptions in Australias import and export supply chain.
U.S. Line shipping prices are rising: market rumors, is the export season coming?
October 25, 2023
Recently, there have been rumors in the market that multiple shipping routes, such as the US route, the Middle East route, and the Southeast Asia route, have experienced a full capacity phenomenon. In response, many freight forwarding companies have confirmed that this situation has indeed occurred, which has led to a rebound in prices on these routes. Some cargo owners have revealed that the capacity on the US route is currently booked until the end of the month. Why is there a full capacity phenomenon?...
Suez Canal Transit Fee Increases from 15 January 2024
October 20, 2023
Recently, the Suez Canal Authority of Egypt issued a significant announcement, revealing a decision to increase transit fees for certain vessels, effective from mid-January of next year. This adjustment is highly likely to have an impact on global trade and inflation. First, New Transit Fee Adjustments Effective January 15, 2024, the majority of vessels, including crude oil tankers, refined oil tankers...
How to choose the right mode of transportation for e-commerce import and export agents?
11 April 2023
In cross-border e-commerce import and export, choosing the right mode of transportation is very important. Different modes of transportation have their own advantages and disadvantages, and can be selected according to the nature of the goods, transportation time, and cost factors. The following are common modes of transportation in cross-border e-commerce import and export: 1. International Express International express is a fast and convenient mode of transportation, suitable for...
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