News
13.08.06
Spot Rates from Shanghai to Europe Soar Last Week
The China Containerized Freight Index (CCFI) for the week ended August 2, 2013 rose slightly by 1.65% from the previous week to 1105.28 points, while the Shanghai Containerized Freight Index (SCFI)...
13.08.05
Intra-Asia Box Traffic Grows 3.6% to 7.256 Mln TEUs in 2013 First Half
In June 2013, 1.307 million TEUs of containerized shipments were traded among 12 Asian economies, increasing 4% year on year. Exports from Japan grew 5.8% to 184,000 TEUs, and imports to Japan hike...
13.08.02
Carriers Unveil Asia to Caribbean Trade Rate Restoration
Member lines of the Asia to Caribbean Trade Agreement (ACTA) have announced their rate restoration program, effective August 15, 2013 at a level of USD700/20' and USD1000/40'. The rate restoration ...
13.08.01
Container Throughput in ROK Rises 3.2% in H1 to 11.62 Mln TEUs
Cargo throughput at 31 ports in South Korea totaled 672.21 million tons in the first half (January-June) of 2013, remaining nearly unchanged year on year from 672.24 million tons, according to stat...
13.07.31
European Commission Set to Ease Customs Formalities
The European Commission has set out plans to ease custom formalities for ships - reducing red tape, cutting delays in ports and making the sector more competitive. Today, freight forwarders and exp...
13.07.30
US's CBP, FMC Sign Agreement to Share ACE Data
U.S. Customs and Border Protection (CBP) has announced the recent signing of an Automated Commercial Environment - International Trade Data System (ACE-ITDS) memorandum of understanding with the Fe...
13.07.30
China to Impose 6% VAT on Transportation Charges on August 1
Effective August 1, 2013 China's Ministry of Finance (MOF) and State Administration of Taxation (SAT) will implement the nationwide expansion of Value-Added Tax (VAT) pilot program for transportati...
13.07.25
JIFFA Reports Its Findings on Rotterdam Rules to Its Members
Japan International Freight Forwarders Association Inc. (JIFFA) on Monday, July 22 held a briefing session on study results put into shape by its Rotterdam Rules (RR) Committee which was set up in ...
13.07.23
EU Auditors Consider Its Modal Shift Programs Ineffective
European Unions' Marco Polo programs, which aim at shifting freight away from the roads, have been ineffective and should be discontinued in their current design, according to a new report from the...
13.07.22
Israel's New 24-Hour Rule only Involves FROB Cargoes
Israel's a new rule in the 24-hour Advanced Manifest Regulation introduced on a trial basis by the nation's Customs on July 1 only applies to cargoes that remain onboard the vessel when calling an ...
