News
18.07.10
Spot Rates from Shanghai Remains Nearly unchanged in Week 27
In Week 27, freight rates for exporting containerized shipments from China went up and down mildly on many trade routes, although transport demand was stable. The Shanghai Shipping Exchange (SSE) u...
18.07.06
Electronic Filing of New In-bond Transactions Mandatory Aug 6 in US
U.S. Customs and Border Protection (CBP) no longer accepts paper forms (CBP Form 7512) for in-bond reporting into the Automated Commercial Environment (ACE) system effective July 2, 2018. Electroni...
18.07.05
India Set to Annul Right of First Refusal Benefit
India's Directorate General of Shipping (DGS) is mulling over removing a notorious Right of First Refusal (RoFR) perquisite granted by the government to local shipping lines to carry export-import ...
18.07.04
Ex-Shanghai Spot Rates Turn Upward Last Week
Spot rates for exporting containerized shipments from China turned upward in Week 26 thanks to a recovery in transport demand. The Shanghai Shipping Exchange (SSE) unveiled on June 29 the Shanghai ...
18.07.02
Containers to/from S. Korea Climb 6% in May
Trade ports in South Korea handled a total of 142.38 million tons of shipments in May, which increased 8.6% year on year from 131.07 million tons, according to preliminary figures unveiled on June ...
18.06.29
Japan-China Box Volumes Slide in Both Ways in April
Japan exported 981,744 tons of containerized shipments to China in April, according to a report compiled by the Japan Maritime Center (JMC) from statistical data on trade provided by the Ministry o...
18.06.29
Nittsu Logistics Obtains GMS Road Transport Permit
Nittsu Research Institute and Consulting, Inc. (NRIC) recently revised its forecasts for the economy and cargo transport in fiscal 2018 (April 2018-March 2019). It made a downward adjustment on its...
18.06.28
Korean Carriers Set to Increase Demurrages, Detention Charges in Japan
Members of the Korea Nearseas Freight Conference (KNFC), a conference of shipping companies catering to the trade between Japan and South Korea, are set to raise demurrage and detention charges the...
18.06.28
Ghana Requires Cargo Tracking Note for Imports
The Ghana Revenue Authority (GRA) has informed importers that the Cargo Tracking Note (CTN) System takes effect from July 1, 2018. For all shipments to Ghana (transit cargo included), shippers, exp...
18.06.26
Container Spot Rates from Shanghai Tumble Last Week
The weekly comprehensive Shanghai Containerised Freight Index (SCFI) produced by the Shanghai Shipping Exchange (SSE) fell 3.4% to 751.13 in the week ended on June 22. During the week, spot contain...
