News
17.02.16
Korea-Southeast Asia Lines Announce Rate Restorations
A liner shipping council of South Korean carriers providing regular services to and from Southeast Asia has unveiled their rate restoration of $150 per TEU, effective February 25, 2017 for shipment...
17.02.15
Containers to/from China Grows 3.6% in 2016
China’s Ministry of Transport (MOT) recently unveiled in a report it had compiled that ports in the nation handled a total of 11.83 billion tons of shipments in 2016, which increased 3.2% from the ...
17.02.14
Port of Rotterdam Box Throughput Rises 1.2% 2016
Throughput of freight in Rotterdam fell in 2016 by 1.1% to 461.2 million tons. The fall can largely be attributed to dry bulk such as ores and coal. Liquid bulk managed to hold on to the high level...
17.02.10
Global Container Volumes Rise 3.7% to 154 Mln TEUs in 2016
Container Trades Statistics Ltd. (CTS) of the U.K. recently unveiled that a total of 153.706 million TEUs of containers were traded worldwide in 2016, which increased 3.74% from a year earlier to r...
17.02.08
TSA-Westbound Recommends March Rate Hike
Member container lines in the Transpacific Stabilization Agreement (TSA) - Westbound have agreed on the need for an across-the-board rate increase, effective March 1, 2017. The recommended general ...
17.02.07
Intra-Asia Box Volumes down 1.9% in 2016
Total volumes of containerized shipments that major shipping lines moved in December 2016 among 13 countries and regions in Asia amounted to 1.213 million TEUs, which increased 5.1% from a year ear...
17.02.03
Thai and Korean Customs Authorities Sign AEO MRA
Thai Customs has established its Authorized Economic Operator (AEO) Program in accordance with the WCO Framework of Standards to Secure and Facilitate Global Trade. In order to further facilitate A...
17.02.02
India Imposes 4.5% Service Tax on Prepaid Freight
India has implemented a 4.5% service tax on import shipments of prepaid freight under the Notification No. 1/2017-Service Tax issued recently by the Ministry of Finance. The new tax is composed of ...
