Ms Huang

Outbreak in shipping market triggered by the epidemic High global freight rates will continue Maersk, the world’s leading container shipping company, has forecast that high freight rates are likely to continue into the third quarter of this year on the back of high demand and a combination of capacity shortages and peak season. Freight rates for a standard case from China to the UK reached a high of $10,000 last year.A dozen years ago, prices were as low as $50.On April 30th, the international container freight index showed that the freight price of a standard container reached 5038 US dollars, while it was only 1200 US dollars five years ago. The market has changed quite a lot. As the overseas epidemic has not been controlled, COVID-19 continues to be infected by employees in ports of the United States, Europe and other countries and regions, resulting in a shortage of labor force, reducing the efficiency of ports, warehouses, storage yards, inland transportation and other links, congestion at docks, and a significant decrease in the logistics efficiency of ships, card collection and warehousing. Capacity is tight and high global freight rates are expected to continue. Eastern Metal (HK) Industrial Co,. Ltd.（EMHK） is a professional manufacturer of Stainless Steel Capillary Tubes and Coiled Tubing.  SS Capillary tubings including 304 Capillary tubing with long length per roll, 304 Seamless Capillary tubes and 304 Welded Capillary tubes. 316L Seamless Capillary tubings without any welding points. 316L Welded Capillary […]

The global container index hit another record high in May The international shipping research and consulting agency Delulli released last week’s global container index, as of May 6, last week’s global container composite index (WCI) rose 9.8% month on month, reached 5472.33 dollars per 40 feet container, 489 dollars higher than the previous week, up 278.4% year on year. It hit its highest level since the WCI index was launched in 2011. Eastern Metal (HK) Industrial Co,.

China cancels tax rebate for stainless steel products, stainless steel product prices are bullish April 28, 2021, the Ministry of Finance and the State Administration of Taxation issued a notice, since May 1, 2021, the cancellation of some steel products export tax rebate, which involves the cancellation of stainless steel products of the export volume

The world’s longest coiled tubing Coiled tubing is a new type of flexible oil pipe with a single length of several thousand meters and can be repeatedly bent. The outer diameter of the tubing is usually 0.75 “-4”. The length of the coiled tubing produced by ordinary companies in the market is generally 2000-3000 meters, but such length limits the application range of coiled tubing. Eastern Metal (HK) Industrial Co., ltd.（Referred to as”EMHK） company and its related partners through the continued ascent of coiled tubing production technology, in recent years, has successfully break through the long production technology of the coiled tubing, the production of coiled tubing maximum length can reach 8000-9000 meters, EMHK company is made in China’s longest coiled tubing suppliers, product successfully applied in tarim oilfield, ultra deep well drilling operations,Extra long coiled tubing from EMH has greatly improved the production of oil and gas and ensured the supply of energy. More information about coiled tubing products can be found at： www.widesteel.com