New Tariffs Trigger Sharp Drop in Global Shipping Rates

New Tariffs Trigger Sharp Drop in Global Shipping Rates

Recently, the SCFI freight index from the Shanghai Shipping Exchange has continuously decreased, particularly along the West and East Coast routes of the U.S., with significant rate declines. Soft demand, coupled with the upcoming implementation of new tariff policies, presents fresh challenges and uncertainties for the market. Shipping companies are closely monitoring the impact of tariffs on import prices and the economy, anticipating large-scale shifts in the supply chain.

07/07/2025 Logistics Industry Insights
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Newark Port A Comprehensive Overview of a Trade Hub on the US East Coast

Newark Port A Comprehensive Overview of a Trade Hub on the US East Coast

Newark Port serves as a major automotive and timber import hub on the East Coast of the United States, boasting a strategic location that links New York with international markets. It is not only an industrial center for Delaware but also plays a significant role in the economic development of the U.S. This article provides an in-depth analysis of the geographic, economic, and historical background of Newark Port.

07/24/2025 Port Encyclopedia
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Customs Duty Exemption Codes Explained

Customs Duty Exemption Codes Explained

This article provides a detailed overview of the classification and structure of customs duty exemption codes, including regulations for general taxation, gratuitous aid, statutory exemptions, and specific regional goods. By defining each code and outlining its applicability, it aids logistics professionals in understanding customs procedures, ensuring compliance and efficiency in trade.

07/21/2025 Customs Knowledge
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Transparent Air Freight Costs from Shenzhen to Gothenburg Choose China Airlines with Peace of Mind

Transparent Air Freight Costs from Shenzhen to Gothenburg Choose China Airlines with Peace of Mind

This article provides a detailed overview of air freight costs and procedures from Shenzhen to Gothenburg, with specific information about China Airlines CI flights. It includes pricing for different weight ranges and emphasizes special requirements for safe transportation, ensuring customers enjoy a transparent and professional service experience during air shipping.

07/22/2025 Logistics
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Lithium Battery Ocean Freight Consolidation Process: A Shipping Guide From China to the USA and Canada

Lithium Battery Ocean Freight Consolidation Process: A Shipping Guide From China to the USA and Canada

Shipping lithium batteries via ocean freight is a complex international transport task, primarily targeting destinations such as New York and Los Angeles in the U.S., as well as Vancouver and Toronto in Canada. The transport process must comply with specific procedures, including preparing necessary customs documentation and dangerous goods certificates.

07/18/2025 Logistics Encyclopedia
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Customs Reforms Boost Cargo Clearance Efficiency

Customs Reforms Boost Cargo Clearance Efficiency

This article provides an in-depth analysis of the inspection procedures conducted by the U.S. Customs and Border Protection (CBP) for international goods, including the scoring system that influences inspection decisions and common types of inspections. By understanding this mechanism, businesses can optimize their clearance processes and reduce unnecessary delays.

08/05/2025 Customs Knowledge
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PRIORBANK Expands Global Money Transfer Services

PRIORBANK Expands Global Money Transfer Services

This article provides a detailed overview of the fees and procedures for international remittances through PRIORBANK. It includes important SWIFT/BIC codes and explains the potential costs and the time required for the funds to arrive. The aim is to assist readers in conducting cross-border financial transfers more efficiently.

08/22/2025 International Settlement
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Arab Bank Branches and SWIFT Codes Expand in Palestine

Arab Bank Branches and SWIFT Codes Expand in Palestine

This article provides detailed information about Arab Bank's branches in the Palestinian territories and their SWIFT codes. It also introduces how to facilitate cost-effective and convenient money transfers using the international remittance platform Xe. Additionally, it explains measures to avoid errors in remittances and the relevant procedures for receiving funds.

08/11/2025 International Settlement
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