News
20.06.30
Korea-China Box Traffic Rises for Three Consecutive Months
On the trade route between South Korea and China, 288,300 TEUs were moved in May, swelling 5.2% year on year from 263,900 TEUs, according to statistics compiled by the Yellow Sea Liner Shipping Cou...
20.06.29
Korea to Southeast Asia Box Trade Sees 4.5% Decline in May
South Korea and eight Southeast Asian countries traded a total of 319,800 TEUs of containers in May, which decreased 4.5% from the 334,900 TEUs handled on the route a year earlier, according to sta...
20.06.29
Saudi Arabia Triples VAT to Confront Pandemic
Saudi Arabia's Ministry of Finance has announced to increase VAT from 5% to 15% as of July 2020, highlighting the importance of the measures undertaken to protect the Saudi economy and overcome the...
20.06.26
Japan-to-China Containers Contract 6.1% in April
Outbound containers from Japan to China decreased 6.1% to 813,652 tons in April, due to shrinkages in wastepaper, machinery, iron and steel and other commodities, according to the Japan Maritime Ce...
20.06.25
WTO Predicts Steep Fall in World Trade in H1 2020
World trade fell sharply in the first half of the year, as the COVID-19 pandemic upended the global economy. However, rapid government responses helped temper the contraction, and World Trade Organ...
20.06.25
COVID-19 Scales Back China's May Box Traffic by 3%
Container traffic to/from Chinese ports fell 3.2% to 21.68 million TEUs in May, but gained 1.2 million more boxes from the previous month, according to statistics released by China's Ministry of Tr...
20.06.24
Vietnam Customs Announces New Decree for Temporary Admission
Vietnam Customs has issued a Decree, providing guidance of the implementation of the temporary admission mechanism under Convention on Temporary Admission known as the Istanbul Convention to implem...
20.06.23
Japan to US Containers Plunge 38.6% in May
Outbound containers from Japan to the U.S. plunged 38.6% from a year earlier to 33,477 TEUs in May, according to statistics compiled by American research company Descartes Datamyne. From a month ea...
20.06.23
Box Volumes in South Korea Wane 9.1% in May
South Korean ports handled 2.32 million TEUs of containers in May, down 9.1% from the 2.55 million TEUs registered a year earlier, according to the nation’s Ministry of Oceans and Fisheries (MOF). ...
20.06.22
Box Throughput at Busan Wanes for 3 Consecutive Months
South Korean ports Busan New Port and Busan North Port handled a total of 1.73 million TEUs of containers in May, down 7.7% from 1.84 million TEUs, suffering a year-on-year contraction for three mo...
