NEWS

What Are Foldable Containers For Shipping Cargo?
What Are Foldable Containers For Shipping Cargo?

When the Japanese registered Hakone Maru set sail for the first time from Japan on August 27, 1968, on its voyage to Oakland, United States it was a giant step in maritime cargo transportation – especially the transportation of standardized box containers. On its maiden voyage, it carried 752 twenty-foot shipping containers (TEUs).

Understanding Customs Clearance Process in Shipping
Understanding Customs Clearance Process in Shipping

Airports, seaports, and land ports of a country are its entry and exit points—people and cargo move in and out of a country through these gateways. Typically, while the Immigration department of a government keeps track of passenger movement through these entry-exit points, the Customs department monitors goods coming in and going out of these ports.

Long-term freight rates for Australia and New Zealand imports hit record levels
Long-term freight rates for Australia and New Zealand imports hit record levels

The average of all long-term freight rates in Australia and New Zealand imports reached new highs in July, according to this week's update of the container rate platform, Xeneta.

Global trade records US$7.7 trillion in 2022 first quarter
Global trade records US$7.7 trillion in 2022 first quarter

The value of global trade increased by approximately US$1 trillion in the first quarter of the year, reaching US$7.7 trillion compared to the same period last year, according to United Nations Conference on Trade and Development (UNCTAD).

Tuna export to Canada soars
Tuna export to Canada soars

Vietnam’s tuna industry has bounced back strongly post-pandemic as export soared 72 percent year-on-year to 259 million USD in the first quarter of 2022, the highest in five years, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

PIL enhances intra-Asia network
PIL enhances intra-Asia network

Pacific International Lines (PIL) has introduced a new weekly direct service connecting ports in China, South Korea, Thailand, and Vietnam.

US president Biden signs the Ocean Shipping Reform Act into law
US president Biden signs the Ocean Shipping Reform Act into law

US president Joe Biden signed into law the Ocean Shipping Reform Act (OSRA) on 16 June, which authorizes appropriations for the Federal Maritime Commission (FMC) for fiscal years 2022 through 2025.

SITC exits dry bulk segment after selling off its entire fleet
SITC exits dry bulk segment after selling off its entire fleet

SITC International Holdings has completed the sell-off of its entire bulk carrier fleet. The Hong Kong-based SITC, the parent company of intra-Asia box carrier SITC Container Lines, marks its exit from the dry bulk segment as the group wants to focus on its core container shipping business.


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