Container volume and cargo throughput at Chinese ports both achieved positive growth in the first quarter of this year.

Container volume and cargo throughput at Chinese ports both achieved positive growth in the first quarter of this year. In Q1, container volume at major Chinese ports was 76.73 million teu, an increase of 10% year-on-year. Domestic container volume and foreign trading volume grew 8.5% and 11.1%, respectively. Shanghai port, Ningbo-Zhoushan port and Qingdao port were the top three container [...]

19/05/2024

Unmasking the extent of container shipping’s potential overcapacity

RED SEA CRISIS Unmasking the extent of container shipping’s potential overcapacity. Analyst Alphaliner outlines the current capacity shortages in the trades between Asia and Europe and in doing so also reveals the extent of the potential overcapacity that could affect the industry if the Red Sea crisis is resolved. The broker’s weekly report shows a chart with the capacity required [...]

19/05/2024

ZIM overtakes Yang Ming to become 9th largest container line

ZIM overtakes Yang Ming to become 9th largest container line. Analyst Linerlytica said that the delivery the ZIM Mount Vision, the 10th in a series of 15,248 teu ships chartered from Seaspan, had pushed it past Taiwanese line Yang Ming to take the number nine spot in terms of capacity. The series of 10 newbuilds from Samsung Heavy Industries lifted [...]

14/04/2024

Container security comes of digital age

Container security comes of digital age. Fitting advanced telematics solutions with sensor support to dry containers can transform cargo security, supply chain resilience, and risk management, says ORBCOMM’s Christian Allred, Executive Vice President and General Manager of International Sales. Confronted by an array of security threats ranging from opportunistic intrusion, tampering and theft to the trafficking of drugs and people [...]

14/04/2024

WTO forecasts rebound in global trade but warns of downside risks

WTO forecasts rebound in global trade but warns of downside risks. Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation, WTO economists said in a new forecast on 10 April. The volume of world merchandise trade should increase by 2.6% [...]

14/04/2024

Malaysia Refines Service Tax Exemptions to Boost Logistics Sector Competitiveness

Malaysia Refines Service Tax Exemptions to Boost Logistics Sector Competitiveness. The Malaysian Ministry of Finance (MoF) has refined the scope for Service Tax exemptions to alleviate the direct impact on the rakyat’s living cost and cascading tax incidences in the logistics sector. Finance Minister II, Datuk Seri Amir Hamzah Azizan said the Service Tax exemptions for the logistics sector and [...]

07/04/2024