SCFI rates fell for the 8th week, with U.S. West Coast rates dropping below $2,000/FEU, nearing cost levels. Route cancellations and weak demand pressure rates, but a seasonal recovery is expected in Q2.
On March 6, China¡¯s Minister of Commerce, Wang Wentao, announced a series of new policies to support foreign trade enterprises amid global uncertainties. From cross-border e-commerce to service trade, and from financial support to exhibition opportunities, the Ministry of Commerce (MOFCOM) is rollin
COSCO SHIPPING¡¯s MEX6 route upgrade adds the "Jin Xing Yuan" vessel, enabling bi-weekly operations from April 2025. Yangpu Port enhances trade between Hainan, neighboring regions, and the Middle East, supporting the Belt and Road Initiative.
Ramadan 2025 runs from March 1 to March 30, followed by Eid Al-Fitr. This golden month for 2 billion Muslims offers businesses opportunities in the Middle East, Southeast Asia, and Africa through strategic planning in logistics and customer communication.
ÐßÐßÊÓƵ Supply Chain, based in Shenzhen, specializes in FCL sea freight from Shanghai, Ningbo, Shenzhen, and Hong Kong to U.S. ports. We offer integrated logistics solutions with competitive rates for North American exports.
As Industry 4.0 advances, product customization and personalized services have become key market trends, placing higher demands on modern logistics systems. As the core of logistics and supply chains, warehousing systems are critical for operational efficiency, service quality, and cost control. An
Maersk introduced a $60 In-Transit Surcharge for cargo to Guatemala, Honduras, Nicaragua, and El Salvador to enhance port services and expedite customs clearance. The fee takes effect on Feb 26 (non-U.S. contracts) and Mar 26 (U.S. contracts).
Singapore¡¯s Tuas Port, the world¡¯s largest automated terminal, has handled 10 million TEUs. Developed in four phases, it is expected to handle 65 million TEUs annually by 2040, reinforcing Singapore¡¯s role as a global transshipment hub.
The freight forwarding industry will not disappear, but over 50% of traditional players will be eliminated in 5-10 years. Professionals must pivot to niche markets (e.g., new energy, cold chain) or related industries (e.g., cross-border e-commerce) to adapt to industry changes.
SCFI rates fell for the sixth week, with U.S. routes down over 17%. Europe routes face "rate inversion," and March rate hikes show limited impact. Further hikes are expected in April-June, potentially stabilizing rates.
