NEWS

MORE CONTAINER SHIPS SCORE 'ASTRONOMICAL' $100,000/DAY RATES
MORE CONTAINER SHIPS SCORE 'ASTRONOMICAL' $100,000/DAY RATES

Multi-month container-ship charters continue to be signed at jaw-dropping rates above $100,000 per day. The market is getting even tighter, pushing charter rates and durations higher still. Even so, there’s something to be said for shipowners taking a few chips off the table — and some are. To quote American financier Bernard Baruch: “I made my money by selling too soon.”

HAPAG-LLOYD APPLIES PSS OF US$1,000/TEU TO US AND CANADA
HAPAG-LLOYD APPLIES PSS OF US$1,000/TEU TO US AND CANADA

Hapag-Lloyd has announced a new peak season surcharge (PSS) from East Asia ports to North American destinations.
 

NORTH AMERICAN EXPORTERS HAVING A DIFFICULT TIME SCHEDULING OCEAN FREIGHT TO FAR EAST
NORTH AMERICAN EXPORTERS HAVING A DIFFICULT TIME SCHEDULING OCEAN FREIGHT TO FAR EAST

North American exporters are having a hard time scheduling ocean transportation to the Far East. Industry experts indicate that shipping lines are thriving with huge Asian cargo volumes bound for the U.S. West Coast. Unfortunately, North American export trade is secondary and is often a step-child for ocean cargo services.

EVERGREEN AND KAOHSIUNG PORT PILOT IoT SOLUTIONS
EVERGREEN AND KAOHSIUNG PORT PILOT IoT SOLUTIONS

Evergreen Marine Corporation is piloting the usage of Internet of Things (IoT) technology with Kaohsiung Port's customs officials.

COVID-19 PANDEMIC ACCELERATES SMART REEFER CONTAINER ADOPTION
COVID-19 PANDEMIC ACCELERATES SMART REEFER CONTAINER ADOPTION

The global Covid-19 crisis has highlighted the importance of refrigerated container logistics to keep vital supplies of food and medicines, including vaccines, flowing around the world as nations locked down.

PROPOSING NOT TO COLLECT INFRANSTRUCTURE FEES AT SEAPORTS DURING TOUGH TIMES
PROPOSING NOT TO COLLECT INFRANSTRUCTURE FEES AT SEAPORTS DURING TOUGH TIMES

The private sector development research board (IV Board) reported to the Prime Minister the recommendations of businesses on inadequacies in collecting fees for the use of infrastructure and public utility services at border gates and seaports in HCM City (expected to apply from July 1, 2021) and Hai Phong City.

PROCEDURES FOR IMPORT AND TRANSFER OF CARS AND MOTORBIKES SUBJECT TO PRIVILEGES AND IMMUNITIES
PROCEDURES FOR IMPORT AND TRANSFER OF CARS AND MOTORBIKES SUBJECT TO PRIVILEGES AND IMMUNITIES

Circular 27/2021/TT-BTC amending Circular 19/2014/TT-BTC has many new contents related to the regulations on procedures for temporary import, re-export and destruction, transfer of cars, two-wheeled motorcycles of subjects entitled to privileges and immunities in Vietnam. The Ministry of Finance has announced five administrative procedures to be amended and supplemented and the implementation process has also been guided.

AMENDING THE DECREE ON GOODS LABELLING, ADDING EXPORTED GOODS TO THE SCOPE OF REGULATION
AMENDING THE DECREE ON GOODS LABELLING, ADDING EXPORTED GOODS TO THE SCOPE OF REGULATION

One of the notable points in the draft decree amending and supplementing Decree 43/2017/ND-CP on goods labels that is being consulted on by the Ministry of Science and Technology is the addition of "exported goods" ” into the scope of regulation of the decree.


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