Usually, container shipping costs account for less than 1% of the value of the goods, while crude oil shipping costs about 3% of the value of the goods. Even for relatively low value dry bulk cargo, shipping costs are often lower than 10% of its value, which leads to trade owners being more willing to pay for the value brought by the data than shipping owners.

Recently, COSCO Shipping Port Abu Dhabi Station Company (hereinafter referred to as "CSP Abu Dhabi Station") successfully passed the supplier qualification review of Abu Dhabi National Oil Company (ADNOC) and officially entered the ADNOC supplier list, marking a milestone progress in the partnership between the two parties.

What impact will the new round of Palestinian Israeli conflict have on the shipping market? The following text will analyze from various sectors. (1) Collective and bulk transportation If the Israeli Palestinian conflict expands beyond its borders, it will pose risks to the two key shipping channels, the Suez Canal and the Strait of Hormuz. The Suez Canal is a crucial waterway for all types of merchant ships, and the Strait of Hormuz is crucial for oil and gas transportation.If the canal is closed due to regional conflicts, ships will have to detour around Africa, thereby extending the route, which is beneficial for absorbing available capacity and increasing freight costs.The volume of the consolidation market in the Israeli Palestinian region itself is not large. Shipping consulting firm Linerlitica stated on Monday that the container throughput of major local ...

In September 2023, the Chinese export container transportation market failed to continue its previous upward trend and showed an overall adjustment trend. The lack of further growth in transportation demand has led to a slight decline in the composite index, as most ocean route market rates have fallen from their high levels at the beginning of the month. According to data released by the National Bureau of Statistics, the profits of industrial enterprises above designated size increased by 17.2% year-on-year in August, marking the first positive monthly profit growth for industrial enterprises since the second half of last year. At the same time, China's manufacturing PMI has been rising for three consecutive months, and the level of manufacturing prosperity has further improved. With a series of macroeconomic policies being introduced one after another, the marginal impr...