Cargo owners may consider air transportation as an alternative to Red Sea shipping delays

December 29, 2023
Latest company news about Cargo owners may consider air transportation as an alternative to Red Sea shipping delays

1. Shipping giant Maersk prepares to resume shipping in the Red Sea

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Shipping giant Maersk has announced that it is preparing to restart shipping operations in the Red Sea and Gulf of Aden regions as a result of the US-led joint convoy operation. According to Maersk, as of December 24, Operation Prosperity Guardian (OPG), a multinational security initiative, has been established and implemented, creating conditions for maritime trade in the Red Sea and Gulf of Aden regions. The success of this operation allowed the shipping industry to reuse the Suez Canal to connect Asia and Europe and restore east-west navigation.
Maersk said it would release more details in the coming days, while noting that measures to divert ship traffic may be taken again depending on changes in the safety situation.

 

2. Cargo owners may consider air transportation as an alternative to Red Sea shipping delays

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Logistics experts pointed out that global companies are racing to transfer some sea freight to airlines due to the uncertainty of the Red Sea shipping crisis and the shortage of ships before the Spring Festival.

According to Niall van de Wuow, chief shipping officer at intelligence company Sales are in demand, especially as many flights from Asia to Europe remain full. If supply chain disruptions in the Red Sea persist, demand for wide-body freighters could rise rapidly.

 

3. In the first half of the year, Japan’s imports of cosmetics products from China increased by 6.1 billion yen year-on-year.

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According to data from the Japan Imported Cosmetics Association, Japan's imports of cosmetics products from China increased by nearly 44% in 2022 compared with last year, totaling 10.4 billion yen (approximately RMB 508 million), ranking first among countries that import cosmetics from Japan. three. In the first half of this year, Japan's imports of cosmetics products from China increased by approximately 45% year-on-year to approximately 6.1 billion yen, ranking second. Among them, the import volume of eye makeup products reached 3.4 billion yen, a year-on-year increase of more than 51%. Ranked first in terms of increase.

 

4. From January to November, China’s automobile product export value increased by 31.1% year-on-year

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According to data from the General Administration of Customs compiled by the China Association of Automobile Manufacturers, as of November 2023, the import and export amounts of automotive products have shown a slight growth trend compared with the previous month; compared with the same period last year, the import amount of automotive products has increased slightly. increased, and the export amount increased rapidly.

 

5. China's domestically produced wind turbines are entering a window of development when going overseas

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CICC's research report pointed out that domestic wind power complete machine companies are actively promoting overseas layout, and the overseas development of domestic wind turbines is ushering in favorable opportunities. Recently, we have noticed that domestic companies have successfully achieved important breakthroughs in overseas bank loans, wind turbine orders, and product delivery in overseas markets such as Europe, Japan, and South Korea. At the same time, the overseas localization service teams of leading companies are also constantly being built. On the other hand, the prices of wind turbines from overseas wind power complete machine companies are still relatively high. The price gap between domestic and foreign wind turbines is still widening, and the cost advantage of domestic wind power complete machine companies is still strengthening.

 

8. Xiamen exported 911 million yuan in candy in the first 11 months of this year

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According to Xiamen Customs statistics, from January to November this year, Xiamen's total candy export volume reached 38,700 tons, with an export value of 911 million yuan, a year-on-year increase of 47.88% and 33.44% respectively. It is understood that in the first 11 months of this year, the candies exported by Xiamen were mainly sold to ASEAN, the United States, the European Union and other countries and regions, including chewing gum, chocolate, shaped candies and other types.