News

 CMA CGM announces new FAK rates from Asia to North Europe, effected from April 1st, 2024 (date of loading in the origin ports) until further notice.

Maersk recently issued a notice announcing a new "No Advance Manifest - No Load" policy in the United Kingdom, effective from March 15, 2024. Under this policy, all booking requests lacking complete advance manifest information will be denied loading.

Happy Women's Day! Today, we celebrate the remarkable achievements of women worldwide. From leadership and innovation to creativity and compassion, women continue to drive positive change in every sphere.

As the Lantern Festival approaches, we extend our warmest wishes to you on behalf of all of us at Yitong Logistics! The Lantern Festival, one of our traditional festivals, symbolizes reunion and happiness. On this auspicious occasion, may you reunite with your loved ones, share the joy of togetherness, and experience warmth and happiness. May your life be filled with joy and peace, your career flourish, and your family be blessed with happiness and harmony! Once again, we wish you a Happy Lantern Festival!

As the Spring Festival approaches, Yitong extends warm greetings and best wishes to all our customers, partners, and employees! During this festive season, we would like to express our heartfelt gratitude for your continuous support and trust in our services. Your partnership has been instrumental in our success, and we look forward to further collaboration in the coming year. Please note that due to the holiday season, there might be some adjustments to our operations: Holiday: February 8th to February 17th. Normal business operations will resume on February 18th. Customer Support: Our customer support team will remain available to assist you with any inquiries or concerns you may have. Please feel free to reach out to us through our usual channels, and we will respond to your queries promptly. Thank you for choosing Yitong as your trusted partner for all your international freight needs.

German shipping giant Hapag-Lloyd said in a recent statement that Houthi attacks on cargo ships in the Red Sea are unlikely to end soon, forcing shipping companies to continue to avoid the Red Sea route. Recently, Hapag-Lloyd CEO Rolf Haben Jensen said at a press conference that Hapag-Lloyd does not see an end to the Houthi attacks in the short term. "But how long will it be over, you ask? Three months or five months, I don't know." He added that a political agreement or armed defense of the cargo ships could bring a solution within six months. Hapag-lloyd had decided to avoid the Red Sea and bypass the Cape of Good Hope after one of its ships was attacked on December 15. Hapag-lloyd said measures to ease the circumnavigation of the Cape include buying more containers, using more ships to meet demand on time and running ships with more fuel, but at higher costs for customers. Previously, Hapag-Lloyd announced its annual financial results, with an EBIT of 2.5 billion euros ($2.7 billion) in 2023, well below the 17.5 billion euros in 2022. The company said freight rates had fallen sharply as global supply chains returned to normal after the outbreak. Regarding the Red Sea shipping crisis, Maersk also recently said that the global shipping disruption caused by the attack on the Red Sea ship is likely to last at least several months, hopefully shorter, but it could be longer because the situation is so unpredictable. On January 31, Yemen's Houthi armed forces issued a statement saying that their naval forces launched an attack on an "American merchant ship" in the Gulf of Aden hours after firing missiles at the USS Gravely. Houthi spokesman Yahya Sarrea reportedly said in a statement that they targeted "the U.S. merchant ship 'KOl, firing several naval missiles." It is understood that the Liberian-flagged container ship KOl is operated by a British company.

Considering buying cars from China and unsure about the shipping process? Yitong is your ultimate one-stop solution partner. Let us guide you through our comprehensive services for shipping cars from China. Yitong takes care of every aspect, from order communication and preparation to car loading, obtaining export licenses, MSA and customs declaration, shipping, customs clearance, local delivery, aftersales service, and any other specific requests you may have. Whether you're making individual purchases or managing bulk orders, trust Yitong for a tailored vehicle shipping solution. Your seamless experience starts with us – Yitong Logistics, your dedicated partner in global car logistics.

Maersk announced the Transport Disruption Surcharge (TDS) and Peak Season Surcharge (PSS) again. On January 4th, Maersk issued another update regarding charges related to the Red Sea. Effective from January 1, 2024, they will be implementing the Transport Disruption Surcharge (TDS) and Peak Season Surcharge (PSS). For the Far East to Northern Europe, Mediterranean, and US East Coast routes, the TDS will range from $200 to $450 (prices vary based on container types), while the PSS will be between $300 and $2000 (prices vary based on container types), until further notice.

As we bid farewell to the old and welcome the new, Yitong extends warm wishes for a Happy New Year! In the spirit of hope and optimism, our vibrant New Year's poster reflects the energy of fresh possibilities. We're grateful for the journey shared with our community, clients, and partners. Looking ahead, Yitong is excited about the opportunities 2023 holds. May this year bring joy, success, and memorable moments. Thank you for being a part of our story. Here's to a year filled with growth, achievement, and prosperity. Happy New Year from all of us at Yitong.

Thanks to the continuous rainfall over the past six weeks, the Panama Canal Authority (ACP) recently announced that starting from January next year, the daily transit slots will be increased to 24. It is understood that previously, the Panama Canal Authority had announced 20 transits per day for January and 18 for February. As the rainy season concludes, it is expected to increase by six slots per day.

At the end of December, MSC will enhance and adjust the "Sentosa-Shikra" service, which spans from India to the Far East and the US West Coast. This upgrade aims to provide direct services between Asia, Pakistan, and the US West Coast, improving connectivity and transportation times. The route will include stops at the following ports: Port Klang West - Singapore - Port Klang North - Tanjung Pelepas - Busan - Los Angeles - Oakland - Busan - Qingdao - Shanghai - Ningbo - Shekou - Singapore - Colombo - Mundra - Karachi SAPT - Nhava Sheva - Colombo - Port Klang West. MSC previously merged its US West Coast route "Sentosa" with the former India route "Shikra" to create this multilateral trade route. MSC is strengthening its "Sentosa-Shikra" pendulum service, and this independent MSC service will now include port calls at Karachi, Pakistan. The route service will be equipped with 13 vessels ranging from 13,000 to 15,400 TEUs, with a circulation time of 13 weeks. The first vessel expected to undergo rotation is the "MSC ALEXANDRA," voyage GA351A, scheduled to depart from Busan on December 22, Shanghai on December 29, and Ningbo on December 30, 2023.

OOCL announced the launch of two new service routes, CIP1 and CIP2, aimed at strengthening their coverage in China, Indonesia, and the Philippines. Both routes are scheduled to commence operations on December 29, 2023. CIP1 and CIP2 will establish direct shipping connections between multiple ports in China, Indonesia, the Philippines, and Singapore, providing customers with competitive and reliable transportation options. CIP1 Port Rotation: Shanghai - Ningbo - Quanzhou - Shantou - Shekou - Nansha - Jakarta - Surabaya - Davao - Shanghai CIP2 Port Rotation: Newport - Dalian - Lianyungang - Qingdao - Singapore - Jakarta - Surabaya - Manila - Xingang CIP1 and CIP2 are set to embark on their maiden voyages from Shanghai and Newport, respectively, on December 29, 2023.

According to The Wall Street Journal, Amazon has emerged as the largest delivery company in the United States, surpassing both UPS and FedEx in package volume. Amazon's latest internal data reveals that the e-commerce giant's annual delivery volume in the U.S. has surpassed that of its competitors for the first time. It is expected to ship a total of 4.8 billion packages before Black Friday and Cyber Monday, with a projected year-end total of approximately 5.9 billion packages in 2023. In comparison, UPS delivered around 3.4 billion packages in the first nine months of this year in the U.S., with an estimated total for 2023 not exceeding last year's 5.3 billion. FedEx, with a smaller package volume in the U.S., includes parcels ultimately delivered by the U.S. Postal Service. According to internal Amazon data and insider sources, the Seattle-based e-commerce giant exceeded UPS in the number of packages delivered to U.S. households in 2022, having already surpassed FedEx in 2020. The company is set to further expand its lead this year. In terms of quantity, the U.S. Postal Service remains the largest parcel service provider, handling hundreds of millions of packages for these three companies.

On November 21, CMA CGM issued a notice to its clients, informing them that the Panama Canal continues to face severe drought conditions. Consequently, the Panama Canal Authority has recently announced further restriction measures. Despite implementing various water conservation measures in the second quarter of 2023, the draft of the canal has decreased from 14.94 meters to 13.41 meters. The lack of rainfall during the summer has compelled the Panama Canal Authority to reduce the number of vessels transiting the canal each day. As a result, the booking window will be reduced by 30% by January 1, 2024. These restrictions, combined with the earlier implementation of canal tariff increases this year, have significantly impacted the operations of CMA CGM. Therefore, it is important to note that starting from January 1, 2024, CMA CGM will implement a Panama Canal surcharge of $150 per TEU.

In November, China United Lines (CULines) launched a new shipping route service connecting Shanghai, Ningbo, and Xiamen to Manila in the Philippines, both in the north and south ports, named "CP8," to further strengthen their Southeast Asia shipping services. The route includes the following ports: Shanghai, Ningbo, Xiamen, Manila North, Manila South, and back to Shanghai. This service will be provided through the CP8 service sharing operated by the Sinotrans Group's CNC. The route is serviced by approximately two vessels with a capacity of around 1800 TEU each, operating once a week with a two-week cycle. Starting from November 5th, with the departure of the "SAMAL" vessel with a capacity of 1781 TEU from Shanghai, CULines began participating in this service loop. From November 19th onwards, the "SAMAL" will be replaced by the vessel "ZHONG GU DI ZHONG HAI."

We are excited to share the success of our company's participation in The 18th World International Freight Forwarders Annual Convention, held in Shanghai from November 5th to November 9th. During the exhibition, we engaged in meaningful discussions with peers and clients from around the world, exchanging valuable insights into the logistics industry. We are proud to announce that our company was honored with the prestigious title of "WIFFA Excellent Port Secretary General." This recognition underscores our commitment to excellence and innovation in the field of freight forwarding. We extend our gratitude to all who visited our booth and contributed to the success of the event. Looking forward to continued collaboration and growth in the dynamic world of international freight forwarding.

According to customs statistics, in the first 10 months of this year, the total value of China's imports and exports reached 34.32 trillion yuan, with a year-on-year growth of 0.03% (the same below). Among them, exports amounted to 19.55 trillion yuan, showing an increase of 0.4%, while imports totaled 14.77 trillion yuan, reflecting a decrease of 0.5%. The trade surplus reached 4.78 trillion yuan, expanding by 3.2%. In terms of US dollars, the total value of China's imports and exports for the first 10 months of this year amounted to 4.9 trillion US dollars, marking a 6% decrease. Specifically, exports were 2.79 trillion US dollars, down by 5.6%, and imports were 2.11 trillion US dollars, decreasing by 6.5%. The trade surplus was 684.04 billion US dollars, narrowing by 2.7%.

On Oct 26th, the first return trip China-Europe freight train departing from Tongjiang North Station successfully set out for Changsha North Station. This marks the achievement of bidirectional connectivity for the China-Europe freight train at the Tongjiang railway port, expanding the international transportation corridor. The Tongjiang railway port is an important gateway for China's border trade and is located in the northeastern part of Heilongjiang Province. It is classified as a national first-class port. The railway distance from this port to the European hinterland is 809 kilometers shorter than that of the Suifenhe railway port, resulting in a time savings of 10 hours for transportation. In July 2023, the first outbound China-Europe freight train was launched from the Tongjiang railway port, initially serving mainly as a transportation route for goods from cities such as Changsha, Shenyang, Changchun, Harbin, and their surrounding areas to reach several European countries. The transported goods include automotive components, food, and other product categories, and stable operations have been achieved in the past three months.

The 134th China Import and Export Fair opened on Oct 15. This edition of the Canton Fair has set new records in terms of the total exhibition area, the number of exhibition booths, and the participating companies. The online platform of this Canton Fair boasts nearly 29,000 participating companies, an increase of 2,115 compared to the previous edition. The online platform's intelligence and convenience have continued to improve, with 101 enhancements in functionality. As of now, participating companies on the online platform have uploaded approximately 2.72 million products, including around 700,000 new products.

Recently, a China-Europe freight train carrying 110 containers of food, daily goods, mechanical components, and other cargo departed from the Tianjin Xin'gang North Railway Container Center Station, bound for Mongolia. In the first three quarters of this year, Tianjin Xin'gang Customs oversaw the departure of 512 China-Europe freight trains, carrying a total of 55,000 standard containers.