The SCFI index has been declining for five consecutive weeks The consolidated freight rates continue to decline, but the industry expects a turnaround by the end of the month.

Container transportation is the main driving force of global trade, accounting for 80% of the total global freight volume. Data shows that in 1980, global container transportation carried 102 million tons of goods, and by 2017, container transportation volume had significantly increased to around 1.83 billion tons.

Core tip: According to the Shipping Industry Network, the Drewry World Container Index (WCI) (as of July 25th) fell 2% on a week over week basis to $5806 FEU. Compared to the same period last year, it has increased by 268%; This is 309% higher than the average FEU of $1420 before the 2019 pand

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Deyuan sales team went on a five day trip to Yunnan, visiting Lijiang, Dali, and Kunming. There are a total of 13 snow capped mountains in Lijiang, and we were very lucky to see Rizhao Jinshan in the morning and climb the highest peak of 4680m.