The European Commission has once again extended anti-dumping and anti-subsidy tariffs on truck and bus tyres imported from China. While this move is intended to support European manufacturers, its ripple effects are already being felt across the supply chain—from tyre importers to fleet operators struggling with rising costs. First enforced in January 2025, these tariffs…
As we move deeper into Q1 2025, the global freight market is experiencing notable shifts—some expected, some surprising. While Europe and the Mediterranean are seeing steep rate increases, key regions like the Middle East, South Africa, Southeast Africa, and Australia are witnessing significant declines in shipping costs.
For shippers, this presents a unique window of…
As global shipping activities intensify toward the year’s end, the freight market is witnessing dynamic trends driven by seasonal demand, geopolitical considerations, and operational factors. Here are some key updates and expected shifts in freight rates across major trade routes to help businesses plan their shipments efficiently.
Key Influences on Freight Rates:
1. Seasonal Demand…
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…
The Dongying government in China's Shandong Province has announced an ambitious 2024-2028 Rubber Tyre Industry Development Plan. This initiative aims to significantly boost the local tyre industry by targeting up to nine tyre and tyre-related enterprises within the region. The goal is to achieve a combined operating income of RMB 100 billion (approximately £10 billion)…
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 latest report from Brand Finance shows the robust growth of Chinese tyre brands within a landscape traditionally dominated by Western competitors. While Michelin, Bridgestone, and Continental hold the top three positions as the world's most valuable and strongest tyre brands, a significant trend emerges from China. The Chinese tyre industry's success in 2023…
BMW has introduced new 20-inch P Zero Winter 2 tyres for the BMW 7 Series in collaboration with a leading tyre manufacturer, setting a new standard in electric vehicle tyre technology. These tyres, revealed at Tire Cologne, offer extended range capabilities and superior performance in winter conditions.
These tyres, boasting an “A class” European labelling…
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…
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…
In 2023, a Chinese tyre manufacturer reported substantial growth in sales across Europe and the Middle East. The company's annual revenue reached 10.42 billion yuan (approximately £1.13 billion or €1.33 billion), with a net profit of about 1.4 billion yuan (approximately £150 million or €180 million). This performance enabled Triangle Tyre to surpass Double Coin…
