China

China

17 Dec 2014
Records are tumbling at Asia’s air freight hubs of Shanghai and Hong Kong this year, with double-digit growth reported at the main terminals in November and for the year-to-date.
Shanghai Containerized Freight Index, U.S. West Coast, week ending Jan. 10, 2014. Source: Shanghai Shipping Exchange
10 Jan 2014
Spot container rates from Asia to the U.S. East and West coasts measured by the Shanghai Containerized Freight Index increased in the week ending Jan. 10, the second straight week of climbing rates and the third in the past four weeks.
09 Jan 2014
Shipping lines could find the intra-Asia trades an unhappy hunting ground in 2014 after a similarly tough 2013. But the long-term outlook remains positive.
08 Jan 2014
China is reportedly allowing more U.S. dried distiller grains into the country after rejecting roughly 661 short tons of corn-based DDGS and 2,205 short tones of regular corn, both containing an unapproved genetically-modified strain.
07 Jan 2014
The P3 Network is likely set for smooth regulatory sailing in Europe and the U.S., but it’s unclear what Chinese regulators have in mind for the alliance involving the three largest global container lines.
GMO lettered on ear of corn
02 Jan 2014
China isn’t expected to approve a genetically modified strain found in corn and corn-based dried distillers grains with solubles until late spring, forcing some U.S. exporters to seek new markets or hold off on shipments, an agriculture analyst said today.
Ocean carrier rate revision roundup
31 Dec 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in January and February.
Cornfield with storm looming
27 Dec 2013
U.S. corn exporters are bracing for a potential slowdown in shipments to their top foreign customer after Chinese authorities reportedly rejected imports of corn and corn-based dried distillers grains with solubles, citing the presence of an unapproved genetically modified strain.
Apparel
24 Dec 2013
U.S. apparel imports in the third quarter of 2013 tumbled 17.7 percent year-over-year to 181,126 20-foot-equivalent units, the industry’s steepest decline since 2007.
Container terminal, Qingdao, China.
22 Dec 2013
Container ports in northern China are continuing to see far stronger growth than those further south as the economy moves away from its reliance on export-led expansion.
Shanghai Containerized Freight Index, U.S. West Coast, week ending Dec. 20, 2013. Source: Shanghai Shipping Exchange
20 Dec 2013
Spot container rates from Asia to the U.S. East and West coasts measured by the Shanghai Containerized Freight Index rose in the week ending Dec. 20, in response to the first round of the two-stage rate increase proposed by the Transpacific Stabilization Agreement. Carriers such as Hapag-Lloyd, OOCL, US Lines and Cosco announced general rate increases of $200 per 40-foot container, effective Dec. 20.