Longsail

Qingdao Port "holds hands with"  the world's largest pulp shipping company, Jidu Shipping. On January 10th, Qingdao Port International Logistics Co., Ltd., a wholly-owned subsidiary of Qingdao Port (referred to as “Qinggang Logistics”), signed a full-scale logistics cooperation agreement with Jidu Shipping, the world's largest pulp and groceries carrier company, to further expand cooperation in the pulp business space, and build the largest pulp transfer distribution base in northern China. Qingdao Port is the world's largest pulp port, with the largest bulk cargo dock in northern China, accounting for more than 60% of the northern pulp port. Created a world record for pulp operation with a single ship day and night discharge rate of 50,400 tons. As the world's largest pulp and cargo transportation company, Jidu Shipping has the world's largest open hatch gantry crane and crane fleet, operating about 130 ships. The routes mainly include North American ...

According to JOC's report on January 9, the congestion situation in Los Angeles-Long Beach Port has become worse and worse. Due to factors such as the shortage of labor during the New Year's Day holiday, some port areas of Long Beach Port are close to the state of shackles! The problem of terminal congestion is due to the cumulative factors of Christmas and New Year's Day holiday. According to the contract of the dock union, these two holidays are non-working days. Christmas Eve and New Year's Eve are half-day work. At the same time, because a group of experienced workers choose to take annual leave during this period, the terminal uses a lot of inexperienced temporary workers. Work efficiency reduced. Other factors include the fact that importers are rushing to import a large number of spring commodities before 1st January, as importers are concerned about the possibility that Trump may impose an additional 25% tariff on Chinese products. At the same time, empty ca...

The latest news is that about 50,000 Bangladeshi workers have taken to the streets, protested and demanded higher wages. These workers are from factories that produce clothing for retailers such as H&M, Wal-Mart, Tesco and Aldi.More than 4,500 textile and garment factories were affected by strikes, which last year produced more than 27 billion euros in clothing. It is reported that Bangladeshi police fired rubber bullets and tear gas in about 5,000 protesters in Dhaka, killing one garment worker and 50 people got hurt. During the strike on the fourth day, the Bangladeshi police also used high-pressure water guns to disperse 10,000 strikers who blocked a major road in Savar town. The protest was the first major test that Bangladesh’s current Prime Minister Sheikh Hasina faced since he won his fourth term. The Bangladeshi elections were also devastated by violence, thousands of arrests and allegations of manipulation of ballots and intimidation. It is reported that althoug...

In the week ending January 11, international oil prices continued to rise sharply due to factors such as the recovery of investor confidence. As of the close of the week, the two major oil index contracts rose significantly, Brent crude oil rose about 6%, and US crude oil rose about 7.6%. Excluding the downward trend on the 11th, the international oil price has already come out with a situation of "9-day rise". In that week, Brent crude oil hit the first "9-day rise" since September 2007. US crude oil also achieved a "9-day rise", breaking the 2010 record.   “After a few days of increasing, the market is only breathing a little,” CHWDedgingLLC energy market analyst Hendrick reminded. However, market participants remain cautious as a series of recent economic data made investor concerns about the global economic slowdown. World Bank acting governor Christalina Georgieva said in a semi-annual report released in the week that "the global economy is g...