Category: freight rates

China’s Exports to US Decline for 7 Straight Months

March 16, 2023
ChinaChina Business & Economychinese exportsdebt securitiesfreight ratesU.S. TreasuryU.S.-China relationsUS-China relations
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China’s exports to the United States have declined for seven consecutive months. Analyses show that this trend may continue as U.S.–China relations further deteriorate. Data released by China’s General Administration of Customs on March 7 showed the total trade value between the United States and China in the first two months of this year was…

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Container Shipping Prices Continue to Fall, with Major Shipping Companies Cancelling Voyages

October 28, 2022
Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyCMA CGMfreightfreight ratesshipping rates
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Container shipping rates continued to fall in October due to declining demand. The Shanghai (Export) Containerized Freight Index (SCFI) has fallen for 17 consecutive weeks. Shipping companies have started to discontinue services or cancel voyages. Athough container shipping prices dropped overall since the beginning of 2022, they began a continuous slide in July, and the…

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International Container Shipping Rates Plummet

September 29, 2022
Business & MarketsChinaeconomyfreight ratesInternationalMarketsShipping ContainersWorld
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International container shipping rates have plummeted more than 60 percent year-over-year, with industry insiders citing the decline in global cargo volume as the main reason, as well as the shipping market gradually recovering from the pandemic. According to the Drewry World Container Index, a UK-based maritime research and consulting service, the composite index for 40-foot…

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