News
22.04.20
China’s Q1 Box Throughput Improves 2.4% to 67.38 Mln TEUs
Chinese ports processed a total of 23.79 million TEUs of containers in March, which increased 1.4% from the same month of last year, according to statistics compiled by the nation’s Ministry of Tra...
22.04.18
UK Customs Declaration Service to Replace CHIEF As of Mar. 31, 2023
U.K.'s HM Revenue & Customs (HMRC) is closing the Customs Handling of Import and Export Freight (CHIEF) system on March 31, 2023. The Customs Declaration Service (CDS) is replacing it as the UK...
22.04.18
No Improvement Seen in Disruptions in Shanghai
Ocean Network Express (ONE) updated the situation in Shanghai on Thursday saying no improvement has been seen since its last update on April 6, 2022. Trucking remains limited and the terminals are ...
22.04.15
Russia-Ukraine Conflict Puts Fragile Global Trade Recovery at Risk
Prospects for the global economy have darkened since the outbreak of war in Ukraine on February 24, prompting World Trade Organization (WTO) economists to reassess their projections for world trade...
22.04.13
Ex-Shanghai Spot Rates Go down for 12 Straight Weeks
The Shanghai Containerized Freight Index (SCFI), the composite index for spot rates for container exports from the Chinese port of Shanghai, went down 2% from the previous week to 4,263.66 points i...
22.04.12
Box Trade from Asia to US Grows 0.4% in March
Outbound containers to the U.S. from 10 major countries and regions in Asia totaled 1,801,766 TEUs in March, growing 0.4% from the same month of last year and registering a year-on-year increase fo...
22.04.11
US Retail Imports See Brief Slowdown in February
The U.S.’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months, but could experience another surge this summer, according to the monthly ...
22.04.11
US Importer Files Complaint against Carrier with FMC
Achim Importing Company, a New Jersey-based importer of home furnishings, has been filed Verified Complaint with the Federal Maritime Commission (FMC) against Yang Ming Marine Transport Corporation...
22.04.08
Japan, Thailand Agree on AEO Mutual Recognition
Customs and Tariff Bureau of Japan's Ministry of Finance and Thailand’s Customs Department have signed a mutual recognition agreement (MRA) of Authorized Economic Operators (AEOs). Under the MRA co...
22.04.07
Shanghai Spot Rates Continue to Lose Ground
The Shanghai Containerized Freight Index (SCFI), the index for spot rates for container exports from the Chinese port, fell 2% from the previous week to 4,348.71 points in Week 13, remaining on a d...
