As we enter the final quarter of 2024, significant developments in global shipping routes are impacting freight rates and vessel availability. The recent return of large vessels to Europe and America in September has stabilized the market, providing sufficient space for shipments. However, shipping rates are expected to fluctuate in the coming weeks, with notable…

Despite surging shipping costs, China's tyre exports have demonstrated robust performance in May, climbing 4.8% year-on-year to 56.38 million units, valued at 13.05 billion yuan (about £1.42 billion or €1.68 billion) — a modest 2.1% increase. This growth, though less than recent years, underscores Chinese exporters' resilience amid global supply chain disruptions, especially in ocean…

The European Union has announced plans to impose tariffs of up to 38% on Chinese electric vehicle imports, potentially amounting to over €2 billion annually. This decision follows a thorough nine-month investigation into alleged unfair subsidies benefiting Chinese electric vehicle manufacturers, including prominent brands such as BYD, Geely, and SAIC. The EU's anti-subsidy investigation…

The United States has taken a decisive step in response to the surge in imports of truck and bus tyres from Thailand, as the U.S. Department of Commerce recently announced the imposition of preliminary anti-dumping duties. This move follows a thorough investigation into whether these tyres are being sold in the U.S. market at unfairly…

Ocean freight container spot rates have sharply risen on major global trades since May's onset, leading to speculation of an early peak season in 2024. Emily Stausbøll, Senior Shipping Analyst at Xeneta, attributed this surge to several key factors: 1. Record Demand: Q1 2024 witnessed a remarkable 9.2% increase in demand compared to the previous year. …

In a major move, EU antitrust regulators conducted surprise raids on tyre industry leaders Pirelli, Continental, Michelin, and Nokian, triggering a notable decline in their shares. The European Commission, responsible for imposing competition rules in the EU, revealed the investigation without disclosing specifics in line with its usual protocol. Pirelli, maintaining its innocence, assured full…