1.IMDA, M1 Limited and MPA have partnered with Airbus and to conduct coastal 5G standalone (“SA”) network trials at the Singapore Maritime Drone Estate.2.Wah Kwong takes another stride in its business strategy to serve as a bridge of maritime expertise for mainland shipping companies.3.The Legislative Council passed the government bill to amend the IRO to introduce a new tax regime to promote ship...
The Legislative Council passed the government bill to amend the Inland Revenue Ordinance (IRO) to introduce a new tax regime to promote ship leasing (tax rate: 0%) and ship leasing management (tax rate: 8.25%, i.e. half of corporate profits tax rate of 16.5%) in Hong Kong.Implications for traditional shipowners and operators-A traditional ship owner operator may continue to enjoy the tax concessio...
1.Chinese oil companies may soon decline to charter any tanker that has visited Venezuela in the past year to avoid disruption to operations.2.Chinas Hudong-Zhonghua Shipbuilding is wrapping up the construction of a liquefied natural gas carrier that will serve Novatek’s Yamal project in Russian Arctic.3.Chinas Shanghai International Energy Exchange (INE) published rules for the low-sulphur fuel o...
The continued extension of delivery hours is vital to support the nation’s economic and societal recovery from the COVID-19 outbreak, according to the UK’s Freight Transport Association (FTA).With ‘non-essential retail’ opening in the UK from 15 June 2020, and the government’s active travel plans coming to fruition, continued flexibility in delivery times will be essential to meet soaring demand f...
China-US West Coast ocean rates have climbed 17% in the past week due to tight capacity and an “unexpected” jump in demand, lifting rates to their highest level since January 2019, according to digital rates specialist Freightos.China-US West Coast prices jumped 17% since last week to an average of $2,160 per FEU, according to the FBX01 Daily index, lifting rates 48% higher than at this time last ...
American Airlines has launched several new features to its online booking platform that it said provide customers with “more autonomy when it comes to booking, schedule searching, or submitting claims online”.The enhancements follow the initial implementation of a new cargo end-to-end management system last October, “as it continues its commitment to innovation”.It said “amid the changes in the in...
Falling demand for air cargo capacity from China and Hong Kong has led to the start of “a more regular pattern” for commercial air cargo, in which the elevated rates of recent weeks begin to descend to more normal levels, according to US freight forwarder Flexport.Flexport also said that the large numbers of ‘preighters’ – passenger aircraft flown purely for their cargo capacity – that airlines ha...
The risks to freight operators from migrant ‘stowaway’ incidents continue despite the current COVID-19 pandemic, although they may be changing and could escalate as restrictions on movement begin to ease, warns international freight insurer TT Club.TT Club highlighted that the smuggling of people has unfortunately become a major issue in certain parts of the world, and although “political imperati...
UK – EUROPE – The publication of the latest European Migrant Smuggling Centre (EMSC) report from Europol, which forensically dissects the modes and methods used throughout 2019 to transport people illegally across international borders, makes interesting, if sobering, reading.The report, which can be downloaded In full HERE, highlights the changing ways migrants are being transported, with special...
Container shipping consultancy Sea-Intelligence is advising shippers to prepare for the recent patterns of blank sailings by lines to continue into box shipping’s peak season.In its latest Sunday Spotlight briefing, Sea-Intelligence noted: “With the Q3 peak-season approaching, we are anticipating a large number of blank sailings from July onwards. We advise market participants to prepare for cance...
Chinas coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday.Analysts and industrial participants had expected China to tighten coal import rules in the second half of 2020 to support domestic miners, and imports starting in July may drop by as much as a quarter from the corresponding 2019 perio...
1.OSCO SHIPPING is focused on optimizing the allocation of shipping resources to the Pacific and Indian Oceans.2.Chinas coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users.3.Many of the worlds major oil producers have agreed to extend the record oil production cuts that had helped bolster oil prices since their collapse in ...
UK – The Internet of Things (IoT), along with emissions and viruses, seems to be one of the great watchwords for the logistics industry at the moment, and now the United Kingdom Warehousing Association (UKWA) has begun working with an elite group of partners to promote its integration into operational platforms aimed at capturing efficiencies and driving productivity in warehousing and the rest of...
Chinas oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lockdowns.While China – the world’s second-largest oil consumer – is the outlier for now, easing travel restrictions and stimulus packages aimed at resuscitating ...
1.China will build its first liquefied natural gas bunkering center for international vessels in the city of Shenzhen as part of a deal signed on Wednesday.2.COSCO SHIPPING Energy Transportation resolved to approve the proposed merger by absorption by the Company of COSCO SHIPPING Tanker.3.China Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight ...
Preliminary global industry data for May support the widespread anecdotal reports of a continued small recovery of air cargo volumes, but a fall in demand over the last two weeks of the month “may signal more challenging times ahead as airlines return capacity to the market”, according to data specialist CLIVE.Although air freight tonnages flown for the full month were higher in May than in April,...
Warehouse|Export packing|Import devanning|FCL|LCLShanghai Haoze Supply Chain Management Co., Ltd. Address: No. 1818, Lizheng Road, Pudong New District, Shanghai, located between Lianggang avenue and G1503 suburban ring road, 15 kilometers away from Shanghai Yangshan deep-water port and Luchao port, 18 kilometers away from Shanghai Pudong international airport, and 45 kilometers away from Waigaoqia...
Chinese authorities on Monday released a master plan for the Hainan free trade port, aiming to build the southern island province into a globally-influential high-level free trade port by the middle of the century.A free trade port system focusing on trade and investment liberalization and facilitation will be basically established in Hainan by 2025 and become more mature by 2035, according to the...
1.Chinese authorities on Monday released a master plan for the Hainan free trade port to build the southern island province into a high-level free trade port.2.Chinas coastal bulk freight market has seen a decrease in general demand in the week ending May 29.3.CSSC,CNOOC and Guangdong government have entered into a framework agreement for a major LNG-propulsion conversion project.4.Diamond Line Gm...
China Merchants Port signed a strategic cooperation framework agreement with Alibaba Group and Ant Financial Services Group.The signing of the contract aims to fully implement the requirements of Premier Li Keqiang at the two sessions to strengthen the construction of new infrastructure, develop a new generation of information networks, help the industry upgrade, build an open platform for smart p...
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