Following in the footsteps of CU Lines, BAL Container Line, Neptune and Ali, a company called Singapore Marine Shipping has emerged. The code of this direct route to the West Coast of the United States opened by Singapore Marine Shipping Service is ALX, and six 4900TEU-6350TEU container ships are initially put into biweekly operation, which …
After the middle of June, a number of shipping companies announced the increase in freight rates! Asia and Europe freight rose to $20,000, a 10-fold increase over the same period! Global shipping giant Maersk said in an earnings call in May that it had increased its capital expenditure budget for 2021-2022 to $7 billion from …
Crazy shipping cost! All line keep rising in June. Read More »
Steel prices have soared! Many countries fall into “steel shortage”! China Iron and Steel Association shot again “In order to stabilize prices, supply to the domestic market should be given priority,” Vietnam’s deputy prime minister warned in a government document about rising steel prices. The country’s hot-rolled coil import price is above $1,000 a tonne, …
The purchasing power of Chinese buyers is amazing! Iron ore jumped 10% to a record $226 as demand only grew. Iron-ore futures leaped higher as trading opened on Monday, extending a record run amid rampant Chinese demand and a wider surge in commodity prices as the global economy recovers. Futures in Singapore jumped more than …
News for Nickel Surplus Production Capacitys : Norilsk Nickel expects the Nickel market to expand its surplus by 9 per cent in 2021 as Indonesian Nickel pig iron (NPI) production outstrips demand. The surplus of nickel will increase from 87,000 tonnes in 2020 to 95,000 tonnes in 2021, Russian nickel miners said yesterday at the …
A Breaking News for Steel products from government: Beijing has decided to remove the export tax rebates on 146 kinds of steel products commencing May 1, according to an April 28 joint announcement from China’s Ministry of Finance and State Taxation Administration. After the long wait and market speculation, China’s governing bodies have finally announced …