news

  • Maersk Operations through Red Sea/Gulf of Aden

    Maersk issued a statement on its official website on January 5, stating that the current situation in the Red Sea region remains highly tense and full of uncertainty, and security risks continue to increase significantly. As a result, Maersk has decided that for the foreseeable future, all Maersk...
    Lee mas
  • Restricted flights again! The Panama Canal will shrink further

    In order to mitigate the impact of severe drought, the Panama Canal Authority (ACP) has recently updated its shipping restrictions. The number of daily ships passing through this major global maritime trade channel will be reduced from 32 to 31 ships starting in November. Canal drought intensifi...
    Lee mas
  • Huge shock in the foreign exchange market! A strong dollar produces a “butterfly effect”

    Recently, there has been a wave of collective depreciation of non-US dollar currencies around the world. For example, my country’s renminbi, Russian ruble, and Japanese yen have all been relatively strong currencies in the past period of time, and there have also been eye-catching depreciat...
    Lee mas
  • The foreign trade situation is not optimistic

    Recently, China’s Hong Kong exports fell 13% in April, the 12th straight month of decline. Trade remains under pressure as the global economy continues to suffer from weak demand, higher interest rates in Europe and the United States, and inflation. In the short term, the US rate-raising cy...
    Lee mas
  • BANGLADESH FOREX SITUATION

    Bangladesh over import depensence strains forex reserves Please give us US dollars, we can’t open L/C to import raw materials. ” An appeal from a business leader involved in industries as diverse as steel, cement, textiles, and financial institutions. 100% import-dependent enterprises can...
    Lee mas
  • Only $60 billion left in foreign reserves! Inflation is soaring!

    As the Russian-Ukrainian war continues, Western sanctions against Russia continue to escalate, which will undoubtedly deal a fatal blow to countries that have not yet recovered from the impact of the epidemic. Data show that Turkey’s foreign reserves have fallen to $60 billion, and the data point...
    Lee mas
  • RMB falls below 6.5

      Recently, the RMB exchange rate against the U.S. dollar has fallen rapidly as the Fed is expected to raise interest rates. The offshore RMB has achieved four consecutive declines, falling below the integer mark of 6.45, 6.46, 6.47, 6.48 and 6.49 in a row, and broke through the 6.5 mark on...
    Lee mas
  • Sea freight: Almost all routes set new records!

    Christmas is approaching, but supply chain bottlenecks caused by congested ports and a shortage of drivers persist.   Deutsche Bank analysis shows the average container price for Maersk and HapagLloyd, two of the world’s largest shipping lines, could rise by 30% in 2022.   Because of the po...
    Lee mas
  • Announcement of New Exhibition Period of China Interdye 2021

    Lee mas
  • 9 Chinese killed and 28 injured in Pakistan bus blast

    Nine Chinese workers were among 13 people killed on Wednesday when a blast on a bus sent it careering down a ravine in north-western Pakistan.   The bus was carrying Chinese engineers, surveyors and mechanical staff to the Dasudam site in Khyber Pakhtunkhwa province, which is under construction. ...
    Lee mas
  • Mega container ship collided with Panamax bulker in Malacca Strait, both damaged

    Mega container ship ZEPHYR LUMOS collided with Panamax bulk carrier GALAPAGOS at 2050 LT (UTC +8) Jul 10 in Malacca Strait off Melaka, Malaysia, halfway between Singapore and Port Dickson. Both ships were proceeding in western direction. Why did they collide, is yet unclear. ZEPHYR LUMOS struck G...
    Lee mas
  • Shipping industry is super crazy. Crazy price. Crazy to buy new container ships.

    Continue to rise! On July 15th and August 1st, ocean shipping prices ushered in another two rounds of jumps! GRI has risen 15 times this year! According to data from Sea-Intelligence, du...
    Lee mas