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 […]
Low-Cost Freight Forwarding Scandal: Zhejiang Province Freight Forwarder Vanishes with $2 Million
Low-Cost Freight Forwarding Scandal: Zhejiang Province Freight Forwarder Vanishes with $2 Million Another Bloody Lesson!!! On the morning of June 27, Beijing time, multiple Amazon sellers reported a new scandal in the freight forwarding market. A company named “Zhejiang Xinheng International Freight Forwarding Co., Ltd.” is allegedly involved, with the person in charge absconding with […]
The Cargo Ship Sinks After Attack by Houthi Forces
The Cargo Ship Sinks After Attack by Houthi Forces According to reports: On the evening of June 18 local time in Yemen, the United Kingdom Maritime Trade Operations (UKMTO) office, affiliated with the British military, released a report confirming that the cargo ship “TUTOR,” which was previously attacked by Houthi forces, sank 66 nautical miles […]
Longshoremen Set Cars on Fire During Strike! East Coast Labor Negotiations Paused!
Longshoremen Set Cars on Fire During Strike! East Coast Labor Negotiations Paused! France French workers are truly fierce. As shown in the image, dockworkers in Le Havre directly pushed cars into a fire to block port traffic. The first wave of strikes at Le Havre and Fos ports has already had an impact, causing four […]
Maersk Announces Resumption of Bookings to Baltimore
Maersk Announces Resumption of Bookings to Baltimore It has been announced that Maersk has released a notice declaring the resumption of new bookings for the Port of Baltimore on the U.S. East Coast. Maersk stated that as part of ongoing efforts to reopen direct services to Baltimore, plans are in place to resume bookings for […]
