Congestion at the port of Shanghai remains high for the time of year, but is steadily normalising as the city’s Covid wave subsides. VesselsValue data shows average waiting times for

Recently, the Ministry of Economy of Brazil announced a 10% reduction in import tariffs on commodities such as beans, meat, pasta, biscuits, rice and building materials. The policy covers 87% of all c

 At about 9:30 p.m. local time on 4th Jun, a fire broke out in a container warehouse near Chittagong Port in southern Bangladesh and caused a container containing chemicals to explode. The f

With the approaching of the peak season, Europe ports will usher in a wave of imported containers, but what is worrying is that the peak season has not yet come, and the major container hub ports in n

Recently, Lloyd's Register Maritime Decarbonisation Hub announced that it has joined hands with partners to launch the "Silk Alliance", which aims to establish a highly scalable Green Co

The Shanghai Export Containerized Freight Index (SCFI) has risen for two consecutive times. Although the freight rate of the US-West route is still at a new low this year, as China gradually lift

U.S. announces extension of tariff exemptions for partial Chinese importsRecently, the Office of the United States Trade Representative announced that it will extend the exemption of punitive tar

Drewry’s composite World Container Index decreased marginally by 0.2% to $7,635.28 per 40ft container this week.    Source: World Container Index, Drewry Supply Chain Advisor