Sunny Worldwide Logistics News April 20, 2023

Sunny Worldwide Logistics Information

Grain Rain in China is one of the twenty-four solar terms, usually on April 19 or 20 each year, and is the sixth solar term in spring. Grain Rain refers to the abundant rainfall during this period, which is conducive to the growth of cereal crops, hence the name Grain Rain. In traditional Chinese culture, Grain Rain is also regarded as one of the important solar terms in spring, with rich folk customs and cultural connotations.

1. According to the Australian Pilbara Port Authority (PPA), Port Hedland, which was affected by Tropical Cyclone IIsa, has reopened.

2. A Singapore Airlines Boeing 747 cargo plane failed to take off with 11 flat tires.

3. Economic data show that China's economic growth may be faster than previously expected, which we believe will benefit the shipping market, especially import-related industries such as dry bulk, tankers, liquefied natural gas and liquefied petroleum gas.

4. CMA CGM announced the acquisition of Bolloré Logistics, with a valuation of US$5.5 billion. If the deal is concluded, CMA CGM’s logistics activities will be further strengthened.

5. The Public Service Alliance of Canada (PSAC), which has nearly 230,000 members, announced on the evening of the 18th that a large-scale strike will be launched across the country starting at 00:00 on the 19th.