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Industry Trends

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Dalian Port Adds a Container Route in the RCEP Region | Shanghai Import/Export Agent

2024-08-22

Recently, the container shipping market has shown overall weakness, driven by complex factors. According to the latest data from the Shanghai Shipping Exchange on June 30, the SCFI index rose 29.31 points to 953.6, a weekly increase of 3.17%. While U.S. route rates rose, European routes continued to decline. Against this backdrop, Maersk, the worlds largest container shipping company, announced an adjustment to its FAK rates for Far East-Northern Europe routes, effective July 31, 2023.

Shanghais Exports to Russia Have Seen a Sharp Increase for Three Consecutive Months

2024-08-22

In July 2024, Shanghais exports to Russia reached 523 million US dollars, a year - on - year increase of 22.4%, achieving growth for three consecutive months. The total trade volume was 1.32 billion US dollars, a year - on - year increase of 26.2%. Shanghai has demonstrated a key role and strong resilience in China - Russia economic and trade relations.

Chinese New Energy Vehicles Accelerate Their Entry into the Central Asian Market

2024-08-21

In recent years, the influence of Chinese new energy vehicles in the global market has been increasing day by day. Especially in the Central Asian market, the export volume of Chinese new energy vehicles is growing rapidly. It is reported that since 2023, the export of commercial vehicles at the Horgos Port in Xinjiang has shown a rapid growth trend, and more than 35,000 vehicles have been exported so far.

The EU has launched a new version of REACH registration review rules.

2024-08-21

This article mainly introduces the updates to the chemical substance information management software IUCLID by the European Chemicals Agency (ECHA) to meet the new data requirements of the EU REACH regulation. The updated IUCLID will better assist enterprises in checking their compliance with REACH registration requirements.

Trump threatens to impose additional tariffs on Chinese cars again

2024-08-21

Former U.S. President Trump proposed imposing tariffs on cars exported to the U.S. from Mexico by China and other countries and is considering canceling tax incentives for electric vehicles. These protectionist remarks could have profound implications for the global automotive industry and U.S.-China economic and trade relations.

Which Russian remittance channel to choose? Can VTB be a reliable alternative?

2024-08-21

How should one choose a bank channel for Russian remittances? Is VTB Bank reliable and secure? How to balance factors such as arrival speed and handling fee costs to find the most suitable remittance method for oneself?

Understand the latest regulations and market opportunities for exporting to Egypt, master strategies to deal with complex customs procedures, changes in payment methods and trade barriers, and ensure the smooth expansion of your business in the Egyptian market.

2024-08-20

Mediterranean Shipping Company (MSC) recently announced that it will adjust the port calls of the Far East - US Northwest route Chinook and the Far East - US route Santana to improve transit time and on - time performance.

China and Costa Rica Customs Implement Mutual Recognition of Authorized Economic Operator (AEO)

2024-08-20

In January 2023, the customs of China and Costa Rica signed the Arrangement between the General Administration of Customs of the Peoples Republic of China and the Customs Administration of the Republic of Costa Rica on the Mutual Recognition of the Enterprise Credit Management System of the Chinese Customs and the Authorized Economic Operator System of the Costa Rican Customs (hereinafter referred to as the Mutual Recognition Arrangement), and decided to officially implement it from July 1, 2023.

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