The signed Protocols have helped Vietnam’s official agricultural exports to China grow strongly. Specifically, in 2023, it will reach 12.1 billion USD, an increase of 16.4% compared to 2022. In the first 5 months of 2024, it will reach 6.2 billion USD, an increase of 2.9% compared to the same period last year… On June
Pangasius export prices are forecast to improve as demand gradually recovers in major markets and imports increase towards the end of the year to serve the Tet holiday. According to data from the General Department of Customs, in May 2024, Vietnam’s pangasius export turnover reached 167 million USD, up 5% compared to May 2023. Total
On June 6, 2024, in Hanoi, Deputy Minister of Agriculture and Rural Development Hoang Trung had a meeting with Mr. Trieu Tang Lien, Deputy Director General of the General Administration of Customs of the People’s Republic of China, on promoting agricultural products between the two countries through Protocols. On this occasion, Deputy Minister Hoang Trung
The Port of Hong Kong is being phased out as a major port of call on the east-west trade by major container shipping alliances. From being the world’s busiest container port in the late 1990s, Hong Kong has dropped to 10th place by 2023, handling 14.4 million TEUs, and the decline looks set to continue.
The growth of container shipping has been accompanied by a trend towards market concentration among a small number of super-large carriers. Container shipping plays a key role in global trade, with 163 million TEUs transported in 2022. During the period 1980-2022, the average annual growth rate was 6.1%, compared to 2.8% for maritime transport in
Container shipping schedule reliability improved in February as diversions from the Red Sea to avoid Houthi attacks began to normalize. Analysts from Sea-Intelligence report an improvement in global shipping schedule reliability for container lines in February 2024, up 1.7 percentage points from January to 53.3%. “After a few weeks of turmoil following the Red Sea
From a net loss of $700 million in the fourth quarter of 2023, container shipping lines’ net profits improved, rising to $5.4 billion in the first three months of 2024. Despite facing many crises in recent times, the world’s container shipping has helped carriers increase profits. Carrier profits have increased sharply due to the pandemic,
SITC Shipping Company in Ho Chi Minh City has just announced the launch of a new service to Japan, aiming to improve its service provision to better serve the needs of customers. New Service VTX6: HCM – NANSHA – TOKYO – YOKOHAMA – NAGOYA. The first train from HCM will depart on Thursday, June 26.
Previously closed container terminals in Singapore’s city centre have been temporarily reopened to ease a backlog of ships loading and unloading cargo at the world’s second-largest port. The Maritime and Port Authority of Singapore (MPA) said on May 30 that operations at the city-centre’s shuttered container terminals have been temporarily reopened to ease the backlog
