News
11.06.02
Intra-Asia Lines to Implement Ad-Hoc Rate Increase in July
Intra-Asia Discussion Agreement （IADA） lines announced Tuesday that they will implement ad-hoc rate restoration on a voluntary, non-biding basis. Under the plan, the freight rate of shipments mo...
11.06.01
Revised Vietnamese Traffic Decree Metes out Heavier Fines
Effective July 1, 2011, the Vietnamese government will raise fine levels for vehicle drivers who failed to meet safety regulations. Under the revised decree of 33/2011/ND-CP, fines of VND 2-3 mill...
11.05.31
Philippines Set to Go Electronic on Auto Imports Certificate
Effective June 6, 2011, Philippines' Bureau of Customs (BoC) will require car manufacturers registered with the Board of Investment's Motor Vehicle Development Program (MVDP) to implement the elec...
11.05.27
Yellow Sea Container Traffic Grows 11% in 1st Quarter
The South Korea/China trade saw a double-digit increase in container movement in the first quarter （January-March） of 2011, according to the Yellow Sea Liner Committee （YSLC）. A total of 601,0...
11.05.25
Japan, South Korea Agree on AEO Mutual Recognition
Customs authorities of Japan and South Korea signed an arrangement on mutual recognition of the Authorized Economic Operator （AEO） system. Under the pact, customs authorities of the two countrie...
11.05.24
Asia to US Box Traffic Shows First Decline in 16 Months
In March 2011, eastbound container trade from Japan and 17 other Asian economies to the U.S. was sluggish, according to a report released recently by the Japan Maritime Center （JMC）. As exports ...
11.05.23
Vietnamese Ports to Introduce Electronic Customs Procedures
Starting from June 9, 2011, Vietnamese ports will apply electronic customs declarations on a trial basis under Prime Minister Decision No 22/2011/QD-TTG. The ports involved are Hai Phong, Da Nang,...
11.05.20
Swiss Origin Cargo via German Ports Now Required EXS
Effective May 1, 2011 German Customs requires the declaration of security data elements for cargo originating in Switzerland and to be loaded onto a vessel which will leave the territory of the Eu...
11.05.19
FMC Set to Look into Freight Indexes, Derivatives
The U.S. Federal Maritime Commission (FMC) has announced the formation of an internal Container Freight Index and Derivatives Working Group. The working group will gather information, research, an...
