Maritime Cargo Insurance
In today’s globalized trade system, maritime cargo insurance plays a crucial role. It is not only related to the safety of goods but also an important factor in ensuring smooth trade. To protect cargo from the various risks it may face during transportation, choosing the appropriate transportation insurance is extremely important. 1. Insurance Coverage for […]
Breaking: Container Port Under Attack!
On the 10th, Reuters reported that Israel launched an attack on the key Syrian port city of Latakia on Monday. Notably, Latakia is home to a critical container port, and the attack caused explosions and fires, with the container terminal being affected. According to reports, Israel targeted an air defense facility near the city of […]
US Imposes 271% Tariff on Vietnamese Solar Products
The US Department of Commerce has announced anti-dumping duties of up to 271% on solar products imported from Vietnam and other Southeast Asian countries, including Cambodia, Malaysia, and Thailand. This decision aims to address alleged unfair trade practices, as these products are accused of being sold in the US market at prices below production costs, […]
Breaking: Massive Fire Erupts at Amazon Warehouse!
A massive fire broke out at a large warehouse in South El Monte, California, around 4:20 a.m. local time on Sunday, the 8th. According to CBS News, the warehouse was an Amazon facility for package returns. When firefighters arrived at the scene just minutes after receiving the fire report, they could see blazing flames lighting […]
U.S. Imposes Preliminary Anti-Dumping Tariffs on Southeast Asian Solar Cells, Reaching 271.28%
On November 29, 2024, the U.S. Department of Commerce announced its preliminary affirmative determination in an anti-dumping investigation into crystalline silicon photovoltaic cells from four Southeast Asian countries: Cambodia, Malaysia, Thailand, and Vietnam. The tariffs range from 0% to a staggering 271.28%. The final results of the investigation are expected to be released in mid-2025. […]
Maersk Tops the List Again in Latest Schedule Reliability Rankings!
Recently, Sea-Intelligence released its latest global schedule reliability rankings for October 2024, highlighting the performance of major shipping companies. According to the data, global schedule reliability improved by 0.9 percentage points in October, reaching 51.5%. Throughout 2024, the average schedule reliability of shipping companies has remained stable in the 50%-55% range. In October 2024, Maersk […]
Differences Between CIPS and SWIFT: A Comparative Overview
CIPS and SWIFT represent two distinct systems within the global financial landscape, each with its unique features and purposes. While CIPS is a Chinese-developed cross-border payment system that focuses on facilitating RMB (Chinese Yuan) internationalization, SWIFT is a global financial messaging network that supports cross-border payments in multiple currencies. Both systems play crucial roles in […]
Amazon Strikes Back Against TEMU with Low-Cost Strategy
Amazon has officially launched a new low-cost store, Amazon Haul, in a direct response to the growing threat from TEMU, the fast-expanding e-commerce platform. Recently, Amazon unveiled the Amazon Haul store, which promises “insane low prices” on a wide range of products. Orders over $25 qualify for free shipping. The store’s name is fitting, as […]
Emergency Notification: Los Angeles Port Temporarily Closed Due to Truck Overturning, Fire, and Toxic Gas Leak
On September 26, a semi-truck carrying hazardous materials overturned in San Pedro, California, causing a fire and toxic gas leak. Currently, due to the impact of the accident, Highway 47 in the Long Beach area has been partially closed. In addition, the Los Angeles port was completely shut down following the accident and is expected […]
Impending Strike by East Coast Dockworkers: A Looming Challenge for Global Shipping
ABC News reported on the 18th that approximately 45,000 dockworkers at key ports along the U.S. East Coast and the Gulf of Mexico are planning to strike starting October 1st. They are demanding significant wage increases and aim to prevent automation equipment from replacing their jobs. The report stated that the ports where these dockworkers […]
