Global Container Shipping Rates Drop Sharply Raising Industry Concerns

Global Container Shipping Rates Drop Sharply Raising Industry Concerns

Global container throughput is recovering, but freight rates are plummeting. The World Container Index (WCI) has fallen for six consecutive weeks, down 57% year-on-year. Transpacific route freight rates have decreased significantly, mainly due to slowing demand and tariff policies. Analysts predict that freight rates will continue to decline, and the shipping industry may face severe challenges. The dramatic drop in rates despite increased volume suggests underlying shifts in global trade dynamics and potential overcapacity in the shipping sector.

11/03/2025 Logistics Industry Insights
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Understanding Customs Duty Exemption Codes and Their Applications

Understanding Customs Duty Exemption Codes and Their Applications

This article provides an in-depth analysis of the definition, classification, and specific application of customs tax exemption codes to help readers understand the structure and function of tax management. The system categorizes different taxation nature of import and export goods through clear coding, aiming to enhance the efficiency of customs enforcement and data management capabilities. It focuses on the relevant codes for general taxation and free aid goods, providing clear guidance for import and export operations.

07/21/2025 Logistics Encyclopedia
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Exporters Face Rising Costs From Demurrage and Detention Fees

Exporters Face Rising Costs From Demurrage and Detention Fees

This article focuses on common issues in export consolidation, such as container free time, demurrage, inspection and re-allocation, providing practical answers and operational advice to help foreign traders avoid risks and ensure smooth shipment of goods. It covers the distinction between container free time and demurrage, strategies for handling inspection and re-allocation, and precautions for cargo entry and consolidation. The aim is to provide a concise guide to navigate the complexities of export consolidation.

08/22/2025 Logistics Encyclopedia
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Guide to Compliant Hazardous Goods Shipping Released

Guide to Compliant Hazardous Goods Shipping Released

This article provides a detailed analysis of the dangerous goods shipping export process and required documentation. It covers key steps such as booking preparation, declaration documents, customs clearance, container loading and port entry, and bill of lading confirmation. The article emphasizes the importance of safety and compliance, aiming to provide a practical guide for professionals involved in the export of dangerous goods. It offers insights into navigating the complexities of the process and ensuring adherence to regulations.

08/22/2025 Logistics Encyclopedia
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China Clarifies Key Importexport Inspection Processes

China Clarifies Key Importexport Inspection Processes

This article uses a sales-oriented style to explain the common concepts of legal inspection, three inspections, and commercial inspection in import and export trade. Through clear definitions, case studies, and table summaries, it helps readers quickly understand the differences and connections between them, facilitating the smooth development of import and export business. It demystifies these processes, making them accessible to a wider audience and providing practical guidance for navigating the complexities of international trade compliance.

09/26/2025 Customs Knowledge
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