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Industry Trends

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November 7, 2024, 12:49

2024-08-23

According to Tokyo Shoko Research data, bankruptcies among Japanese SMEs in the first half of 2023 increased by 30% year-on-year, marking the first time since 2020 that semi-annual bankruptcies exceeded 4,000 cases. Despite government financial support post-COVID, businesses continue facing labor shortages and high price pressures. With persistent inflation, chronic labor shortages, and other domestic and international factors, Japans economic recovery remains sluggish.

Customs Implements Port Departure Confirmation Mode to Optimize Yangtze River Delta Waterway Logistics

2024-08-23

In May 2022, Chengdu Customs became a new pilot zone for the Port Departure Confirmation mode in water-to-water transshipment, optimizing customs supervision and operational efficiency of waterway logistics in the Yangtze River Delta region. This model was implemented at two water ports in Sichuan: Luzhou Port and Yibin Port. The advantage of this new model lies in changing the customs transfer procedures and port operations from serial to parallel, allowing enterprises to declare customs transfers without completing cargo tallying or determining domestic transport vehicles.

including customs clearance agency fees

2024-08-23

A transport ship named Grande Costa d’Avorio caught fire at the Newark terminal. The ship was carrying more than 1,200 cars and 157 containers, with a destination of West Africa. The fire broke out on the ships No. 10 deck during the loading operation. The fire killed two New Jersey firefighters and injured five others. This fire is having a broader impact on the ports of New York and New Jersey, especially on vehicle transportation. However, the impact on the container terminal is negligible.

General Administration of Customs: 100% Inspection to Prevent Risky Japanese Food from Entering China

2024-08-22

V. Framework of the Customs Clearance Agency Contract for Bearing Exports

The customs clearance agency fees charged by Party B are [specific amount]

2024-08-22

On July 5, 2023, the TX BANGKOK vessel smoothly berthed at Berth 12 of the container terminal of Dalian Port, marking the official operation of the TX Philippines route. This added a container route in the RCEP region for Liaoning Port Group. The TX Philippines route is the first self - operated foreign - trade container liner route of TX Ocean in the Dalian port area, and it is planned to deploy 5 container ships of 1800 TEU.

Dalian Port Adds a Container Route in the RCEP Region | Shanghai Import/Export Agent

2024-08-22

Recently, the container shipping market has shown overall weakness, driven by complex factors. According to the latest data from the Shanghai Shipping Exchange on June 30, the SCFI index rose 29.31 points to 953.6, a weekly increase of 3.17%. While U.S. route rates rose, European routes continued to decline. Against this backdrop, Maersk, the worlds largest container shipping company, announced an adjustment to its FAK rates for Far East-Northern Europe routes, effective July 31, 2023.

Shanghais Exports to Russia Have Seen a Sharp Increase for Three Consecutive Months

2024-08-22

In July 2024, Shanghais exports to Russia reached 523 million US dollars, a year - on - year increase of 22.4%, achieving growth for three consecutive months. The total trade volume was 1.32 billion US dollars, a year - on - year increase of 26.2%. Shanghai has demonstrated a key role and strong resilience in China - Russia economic and trade relations.

Chinese New Energy Vehicles Accelerate Their Entry into the Central Asian Market

2024-08-21

In recent years, the influence of Chinese new energy vehicles in the global market has been increasing day by day. Especially in the Central Asian market, the export volume of Chinese new energy vehicles is growing rapidly. It is reported that since 2023, the export of commercial vehicles at the Horgos Port in Xinjiang has shown a rapid growth trend, and more than 35,000 vehicles have been exported so far.

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