CMA CGM IMPLEMENTS PEAK SEASON SURCHARGE FROM ASIA TO SOUTH AFRICA

CMA CGM IMPLEMENTS PEAK SEASON SURCHARGE FROM ASIA TO SOUTH AFRICA

CMA CGM has announced a new peak season surcharge (PSS) from Asia to South Africa that will be effective from 21 August, 2023. The French ocean carrier noted that the surcharge will be US$300 per TEU and will be applied to dry, reefer, out-of-gauge (OOG) and breakbulk cargo. The surcharge will be applied from ports in North East Asia, South East Asia, Mainland China, Hong Kong SAR, Macau SAR and Taiwan to South Africa.

ONE SHIPPING LINE ANNOUNCED THE LAUNCHING A NEW TRANS-ASIA ROUTE PASSING THROUGH VIETNAM'S CAT LAI PORT

ONE SHIPPING LINE ANNOUNCED THE LAUNCHING A NEW TRANS-ASIA ROUTE PASSING THROUGH VIETNAM'S CAT LAI PORT

Ocean Network Express (ONE) is based in Singapore announcing about launching a new route Korea China Straits 2 (KCS2). The new service will start from Busan port on 6th July2023 with the following rotation: Busan ​​(Korea) – Kwangyang (Korea) – Shanghai (China) – Sekou (China) – Singapore – Port Klang (Malaysia) –Penang (Malaysia) – Singapore – Cat Lai (Vietnam) – Nam Sa ( Guangzhou) – Busan. In order to exploit potential markets, KCS2 will provide direct shipping services to Penang port in Malaysia and Cat Lai port, which has good access to the Ho Chi Minh City market as well as other production...

LARGE-SCALE NON-TARIFF ZONE TO BE BUILT IN HAI PHONG

LARGE-SCALE NON-TARIFF ZONE TO BE BUILT IN HAI PHONG

Xuan Cau Industrial Park and Non-Tariff Zone is being built at Lach Huyen international port area, Cat Hai district, Hai Phong.                     Tan Cang - Hai Phong International Container Terminal (TC- HICT) is the first terminal built and put into operation at Lach Huyen international port. The project has a total investment of 11,100 billion VND, located on an area of ​​752 hectares, located in the area of ​​Lach Huyen international gateway port, Dinh Vu - Cat Hai economic zone. attracting about 40,000 - 50,000 workers. Non-tariff zone - Logistics and Lach Huyen Industry located in...

UPDATE FORECAST OF SEA FREIGHT IN 2023

UPDATE FORECAST OF SEA FREIGHT IN 2023

According to statistics from Drewry on world container freight rates, as of 20th April 2023, the 40 feet container freight rate was $1,774, down 83% from $10,377 in September 2021 and lower 34% compared to the average over the past 10 years of 2,688 USD. The current tariff is equivalent to the end of 2020, but still 25% higher than 2019's $1,420. In the past year, freight rates for routes have decreased significantly, specifically, the Asia-Europe route has decreased by 81-85%, Asia-US by 75-79%, the Americas-Asia and Europe have decreased 18 - 21%. As a rule, ocean freight rates will have a...

CUSTOMS SECTOR COLLECTS OVER VND91 TRILLION IN FIRST QUARTER OF 2023

CUSTOMS SECTOR COLLECTS OVER VND91 TRILLION IN FIRST QUARTER OF 2023

The Customs’ revenue in the first quarter 2023 saw a year-on-year decrease of 17% The turnover and revenue from import and export activities plunged in the first quarter of 2023. According to the General Department of Vietnam Customs on April 3, the revenue from imports and exports in March reached VND33,476 billion. In the first quarter, the Customs sector’s revenue decreased by 17% to VND 91,267 billion compared with the previous year, meeting 21.5% of the estimate. In the month, the total trade in goods is estimated to increase by 18.6% to US$ 58.49 billion compared with a month ago. The export turnover and...

TIGHTENING CONTROL OF ROAD VEHICLE LOADS AT VIETNAM SEAPORTS

TIGHTENING CONTROL OF ROAD VEHICLE LOADS AT VIETNAM SEAPORTS

According to the Vietnam Maritime Administration, in the coming time, this agency will continue to strengthen the control of road vehicle loads at seaports. According to the Vietnam Maritime Administration, in the coming time, this agency will continue to strengthen the control of road vehicle loads at seaports. At the same time, conduct unscheduled inspection of ports and wharves showing signs of violations of regulations on loading goods on cars and impose administrative sanctions according to their competence when detecting violations. Along with that, organize propaganda and guide the legal provisions on control of road vehicle loads with ports and wharves under...

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