“Freight Market Dynamics” is a content column curated by UNI Logistics, which aims to provide the freight industry and readers interested in the freight market with a list of hot issues and data support.
We will continue to focus on international shipping, air freight hot news, the latest international trade current affairs, the latest freight rates/shipping space and other topics to discuss, hope to become you to get new knowledge, understand the freight industry indispensable information source, help you grasp the pulse of the industry, insight into the market opportunities, at the same time we look forward to your attention and feedback, together to promote the prosperity of the freight industry.
01
Major events in the industry
Europort strike! Port operations disrupted, logistics delayed!
According to the latest reports of foreign media, the German port of Hamburg was once again plunged into a large-scale strike on September 4 local time, this time launched by the port of Hamburg workers to fight for more favorable wage contract terms. The action is expected to have a direct impact on the operation of all terminals in Hamburg for up to 24 hours, and shippers and forwarders planning to ship to Germany in the near future are hereby reminded to be aware of potential logistics delays.
According to foreign media reports, ports on India’s west coast, especially thecontainer transport hub Mundra port, are facing unprecedented operational pressure, due to the durge in freight traffic and extreme weather caused by operation disruption, ship delays, cargo backlog, is expected to recover may take a week or more. Mundra’s woes are having a knock-on effect on regional supply chains, with Nhava Sheva port also facing severe traffic congestion.
Exports are restricted!Shipping companies refuse to work with these two types of companies
Recently, Evergreen Shipping issued an important announcement to its customers and partners, saying that it refuses to work with two types of companies:
- Not doing business with individuals or entities on the OFAC sanctions blacklist of the European Union, United Nations, United Kingdom and United States;
- Not doing business with entities that hold more than 50% ownership of a sanctioned person or entity (a “sanctioned party”). The move is to ensure that Evergreen Line does not violate economic sanctions regulations, according to Evergreen Shipping. Apart from not working with sanctioned individuals/entities, Evergreen Shipping also announced that it does not accept any carrier owned containers (SOC Self-contained cabinets) that could expose it to any risk of sanctions.
European freight rates down
Drewry’s latest review shows that in the five weeks from 2 September to 6 October 2024, 68 cancellations have been announced on the main east-west main routes -trans-Pacific, trans-Atlantic and Asia-Nordic and Mediterranean routes – or a total of 10% of the planned 696 sailings.
02
The new rules at a glance
China takes countermeasures against Canada
On September 3, China’s Ministry of Commerce announced a number of countermeasures in response to the Canadian government’s announcement of additional tariffs and other restrictive measures on imported electric vehicles, steel and aluminum products from China
- It will launch an “anti-discrimination investigation” into Canada’s restrictive measures;
- Launch an anti-dumping investigation into imports of canola from Canada;
- Initiated anti-dumping investigations on related chemical products from Canada upon application by domestic industries;
Plans to take the relevant practices of Canada to the WTO dispute settlementmechanismXinhua reported that this is the first time that China has launched an “anti-discrimination investigation” and the first in the world. It has a clear target and a clear counter attitude. (Source: Xinhua)
Three departments: Optimizing and adjusting drone export control measures
The Ministry of Commerce, the General Administration of Customs and the Equipment Development Department of the Central Military Commission issued a notice to optimize and adjust the export control measures for drones, which will be officially implemented from Sept 1, 2024. According to the announcement, all unmanned aerial vehicles not included in the export control list or not under temporary control shall not be exported if the export operator knows or should know that the export will be used for the proliferation of weapons of mass destruction, terrorist activities or military purposes. The export of the items listed in this announcement which have a major impact on national security shall be submitted to The State Council for approval by the Ministry of Commerce in conjunction with other relevant departments. After examination and approval, the Ministry of Commerce shall issue a license for the export of dual-use items and technologies.
Ministry of Commerce, General Administration of Customs: Implement export control on antimony and other items
The Ministry of Commerce and the General Administration of Customs said in a notice that in order to safeguard national security and interests and fulfill international obligations such as non-proliferation, they decided to implement export controls on antimony and other items with the approval of The State Council, which will be officially implemented from September 15, 2024, according to the ministry’s website. (Source: Ministry of Commerce)
03
Data Express
In August 2024, the prosperity index of China’s logistics industry reached 51.5 percent
The China Logistics Industry prosperity Index released by the China Federation of Logistics and Purchasing in August 2024 reached 51.5%, up 0.5 percentage points from the previous month, and continued to be in the expansion category.He Hui, chief economist of China Federation of Logistics and Purchasing, believesthat: in August, with the gradual implementation of various policies to promote investment and steady growth and the weakening of the impact of extreme weather in some areas, the upstream and downstream linkage of the industrial chain and supply chain accelerated, business demand continued to grow, and the expansion trend continued. In the second half of the year, all over the special funds for enterprises, guiding funds and ultra-long-term national debt projects formed favorable policies, and the expected index continued to be high, reflecting the optimistic expectations of enterprises in the later period. (Source: Ministry of Science and Technology Information)
MSC and Hapag-Lloyd begin capacity layout for post-2M era
Recently, MSC is making major changes to its East-West services and preparing for the end of its 2M vessel sharing agreement with Maersk in January 2025. Following the launch of two additional standalone routes in July, MSC’s deployment of non-2M fleet capacity on large Asia-North America and Far East-Europe routes now stands at 733,000 TEU, or 33.2% of its total trading capacity. (Credit: China Shipowners Association)
– END –
For more information, please contact us
We will be happy to serve you
Email: pln02@china-logistics.com
Tel: +86 18923804259
Disclaimer: The information in this article comes from market data from open sources, joint logistics collation and release, does not involve commercial behavior, only for exchange and learning, to help freight practitioners grasp the latest developments in real time, make wise decisions, and minimize potential risks to ensure efficient and smooth cargo transportation. If the content or pictures are infringing, please leave a message and contact us, we will delete in the first time.
UNI Logistics
As a national first-class freight forwarer and AAAA logistics enterprise, UNI Logistics has set up more than 20 branches in China, forming a comprehensive sea, land and air freight service network with Shanghai as the center and Beijing, Tianjin, Qingdao, Fuzhou, Xiamen, Guangzhou, Shenzhen and Hong Kong as the base point. It has long-term stable partners in the world. It provides sea transportation, air transportation, railway transportation and project logistics, door-to-door import and export services.
Here, it focuses on global logistics and supply chain solution services. In terms of air transportation, Latin American Air Freight has unique advantages, and undertakes cold chain and medical supplies services with rich charter packing resources. In terms of sea transportation, as the exclusive agent of Qatar Shipping in China, the advantageous routes cover the Mediterranean Sea, the Red Sea, the Middle East, India and Pakistan, Southeast Asia routes, the South Pacific, etc. At the same time, UNI Logistics provides China and through China to Central Asia, Russia, Eastern Europe and other countries rail and sea rail and other multimodal transport services, to provide customers with perfect service guarantee and competitive prices.