RMB Strengthens to a Three-Year High as US Dollar Weakens
On April 8, the onshore Chinese yuan (RMB) closed at 6.8274 against the US dollar, rising 323 basis points from the previous trading session. The offshore RMB briefly strengthened to 6.8215, both reaching their highest levels in nearly three years. Market participants attribute the rapid appreciation primarily to a broad-based decline in the US dollar […]
Complete Guide to Export Commodity Inspection (CIQ)
How to Quickly Determine Whether Your Goods Require Export Inspection When exporting goods from China, one of the most common compliance questions is: Do I need export commodity inspection? By understanding HS codes, the Dangerous Chemicals Catalogue, and classification reports, you can quickly determine inspection requirements and avoid customs clearance delays. Method 1: Check the […]
Report: Growing Use of Non-USD Settlement in Global Energy Trade
According to Yonhap News Agency, South Korea’s Ministry of Trade, Industry and Energy confirmed that it has verified with the United States government that there are no settlement or sanctions-related issues when importing petroleum products of Russian origin. South Korea may consider importing Russian naphtha in the future. Expansion of Non-USD Settlement Options The Ministry […]
Iran Conflict “Near Completion”: Trump Says U.S. No Longer Needs Middle East Oil
On the evening of April 1, U.S. President Donald Trump delivered a nationally televised address regarding the “epic retaliatory actions” against Iran, sending a dual signal that was both seemingly contradictory and highly impactful. At the start of his speech, Trump signaled to the American public that the conflict was approaching its end. He stated […]
Major Trade Update: US Cancels 170% Tariffs on Chinese Anode Materials
In a significant development for global battery and energy markets, the United States International Trade Commission (USITC) has ruled that imports of Chinese battery-grade graphite anode materials do not materially impede domestic production. As a result, the proposed anti-dumping and countervailing duties of up to 170% will not be imposed. Background: US “Double-Action” Tariff Investigation […]
China’s New Maritime Law (Effective May 1, 2026)
Liability for Abandoned Cargo Shifts to Shippers The revised Maritime Law of the People’s Republic of China will come into force on May 1, 2026. This marks the first comprehensive update in over 30 years and introduces significant changes to international shipping liability. One of the most critical revisions concerns the handling of cargo that […]
Understanding Port Skipping in Ocean Freight: Risks, Causes, and Best Practices
In ocean freight, the term “port skipping” can have two distinct meanings within the shipping industry: planned transshipment and unplanned port omission. It is essential for shippers, freight forwarders, and logistics managers to understand the differences and implications for supply chain planning. 1. Planned Transshipment Planned port stops are part of a ship’s published route. […]
COSCO Shipping Resumes Far East–Middle East Bookings Amid Strait of Hormuz Tensions
Amid ongoing geopolitical tensions in the Middle East, COSCO Shipping Lines has announced the resumption of new container bookings (standard boxes) from the Far East to select Middle East countries, including the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait, and Iraq, effective immediately. Iran Confirms Safe Passage for Non-Adversarial Vessels According to Xinhua News […]
Supply Chain Disruption: Middle East Orders on Hold Amid Escalating Geopolitical Tensions
The ongoing geopolitical tensions in the Middle East are casting a long shadow over global supply chains, with China’s logistics sector also feeling the impact. Factory shutdowns, paused orders, and soaring freight rates are among the ripple effects emerging as the conflict continues. Airlines Raise Rates as Air Cargo Market Enters a “High-Pressure Zone” Recent […]
Why the Strait of Hormuz Won’t Reopen—Even If the Shooting Stops
In recent weeks, discussions about the Middle East situation have dominated both inboxes and industry conversations. As a professional closely tracking shipping dynamics, I would like to share a somewhat counterintuitive perspective: Even if hostilities in the Strait of Hormuz were to cease tomorrow, the world’s most critical energy corridor is unlikely to resume normal […]
