Yearly Archives - 2020

Container shortage crisis spreads to intra-Asia trades, driving prices higher

What a major shipping line called the “black swan” container shortage has hit intra-Asia trades as carriers prioritise transpacific profits. With some 30m teu carried each year, the intra-Asia tradelane is the largest in the world, comprising around 100 port pairs. Costs have traditionally been kept in check, there’s been less carrier consolidation than on deepsea trades, with major regional players competing for cargo. However, these previously low-cost shipping routes are now seeing large freight rate increases and carrier surcharges. “Intra-Asia rates have [...]

Phuc Loi Import-Export Trading Co., Ltd is one of the”Prestigious Export Enterprises” in 2019

  In the implementation of Official Dispatch No. 1776 / BCT-XNK, the Ministry of Industry and Trade has coordinated with ministries, branches, commodity associations, provincial / municipal Services of Industry and Trade and relevant agencies to select and synthesize and post the list of preliminary “reputable exporters” in 2019 on the web portal of the Ministry of Industry and Trade to consult the public. The list of reputable exporters has been compiled and announced on the basis of selection and recommendation [...]