Red Sea Crisis Fuels Global Shipping Supply Concerns

Red Sea Crisis Fuels Global Shipping Supply Concerns

The Red Sea crisis is causing shipping diversions, triggering a global supply chain reaction. Decreased container turnaround rates and increased panic buying in Europe and the US are contributing to potential container shortages. Currently, empty containers are stable in East and North China ports, with slight shortages of 40HC containers in some South China ports. Shipping companies and cargo owners need to monitor market dynamics, flexibly adjust transportation plans, and strengthen international cooperation to maintain global supply chain stability. The situation warrants close attention to mitigate potential disruptions.

01/16/2026 Logistics
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16th China International Logistics Festival to Be Held in Xi'an Building a Logistics Hub on the New Silk Road

16th China International Logistics Festival to Be Held in Xi'an Building a Logistics Hub on the New Silk Road

The 16th China International Logistics Festival will take place from April 8 to 10, 2024, in Xi'an, focusing on logistics development under the New Silk Road. This major event will gather experts and leaders from various sectors, featuring forums and exhibitions to explore international logistics cooperation and regional economic opportunities, promote trade exchanges, and support Xi'an in becoming a global logistics hub.

04/05/2024 Logistics
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Ocean Freight Rates Surge Amid Uschina Trade Strain

Ocean Freight Rates Surge Amid Uschina Trade Strain

The surge in China-US ocean freight rates stems from pandemic-induced supply-demand imbalances, leading to reduced shipping capacity, port congestion, and surging demand. This intensifies cost pressures on exporters, drives up consumer prices, and disrupts supply chains. Mitigation strategies include increasing shipping capacity, optimizing port operations, strengthening international cooperation, and promoting digital transformation to stabilize the global trade chain.

01/15/2026 Logistics
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Epirus Bank SWIFT Code Guide for Global Transfers

Epirus Bank SWIFT Code Guide for Global Transfers

This article provides a detailed explanation of the SWIFT/BIC code STIOGR2IXXX for the Cooperative Bank of Epirus in Greece. It clarifies the code's structure, applicable scenarios, and methods for obtaining the correct code. The importance of using the accurate SWIFT code is emphasized, and essential considerations for cross-border transfers are provided. This aims to assist readers in completing international remittances safely and efficiently, ensuring smooth and secure transactions when sending money to or from the Cooperative Bank of Epirus.

09/03/2025 International Settlement
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Aegean Airlines Acquires Olympic Air in Strategic Move

Aegean Airlines Acquires Olympic Air in Strategic Move

Olympic Air was formerly the largest airline in Greece, later acquired by Aegean Airlines and became its subsidiary. This acquisition strengthened Aegean Airlines' market position and brought new development opportunities to Olympic Air, marking a new chapter for the established airline. It also provides a reference case for other airlines facing difficulties. The merger allowed Aegean to expand its domestic and international routes, while Olympic Air benefited from Aegean's resources and operational expertise, ensuring its continued presence in the Greek aviation market.

09/26/2025 Airlines
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US Summer Travel Trends Top Destinations Revealed

US Summer Travel Trends Top Destinations Revealed

American travelers show strong enthusiasm for international travel, with capacity restored to pre-pandemic levels. Africa, the Middle East, and Latin America are experiencing significant growth, while the European market remains robust. Asia's recovery lags behind. Turkey, Iceland, Greece, and Portugal are highly sought-after destinations. New routes are opening, enhancing connectivity. Low-cost airlines contribute to growth in Latin America, driven by strong demand for visiting friends and relatives. The overall trend indicates a resurgence in international travel for American tourists.

01/16/2026 Logistics Industry Insights
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China-europe Railway Express: A Key Link in Global Logistics

China-europe Railway Express: A Key Link in Global Logistics

The China-Europe Railway Express has rapidly developed over the past decade, becoming a vital logistics corridor connecting Asia and Europe. It not only addresses today's geopolitical crises, providing stable support for international trade, but also fuels economic development in the countries along the route. As an essential component of the Belt and Road Initiative, the railway promotes regional connectivity and fosters cooperation and prosperity among nations.

04/29/2024 Logistics
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Guide to Kithira Island National Airport Operations for Travel and Cargo

Guide to Kithira Island National Airport Operations for Travel and Cargo

This article provides a comprehensive overview of Kythira Island National Airport (KIT) in Greece, covering its general information, facilities, air freight operations, customs clearance requirements, and a three-letter code lookup system. It highlights the airport's status as a non-customs airport and explains how to perform customs transit through other airports. Furthermore, it introduces the three-letter code lookup system and a range of practical tools offered by West Coast Cargo, aiming to provide a complete reference for freight professionals and travelers. The article focuses on practical guidance for navigating freight logistics through Kythira.

09/28/2025 Airport Codes
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China-mongolia's Largest Land Port Successfully Launches the

China-mongolia's Largest Land Port Successfully Launches the "three Mutuals" Major Customs Reform

On November 19, the Erenhot Port launched the first phase of the "three mutuals" cross-border reform pilot, marking the success of Inner Mongolia's first pilot project. This reform aims to simplify customs procedures, enhance efficiency, and achieve one-stop operations through customs and inspection cooperation. The establishment of a joint inspection center will significantly reduce customs clearance times, providing new opportunities for regional economic development and China-Mongolia trade.

11/26/2015 Logistics Industry Insights
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